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0.184 0.095 0.080 1.005 0.000 true 0.000 1.009 0.087 0.104 0.149 0.156 0.268 -0.009 0.015 0.031 0.032 0.044 0.056 0.067 true 0.018 0.982 0.093 0.058 0.048 0.155 0.086 0.528 0.005 0.009 true 0.000 0.001 0.001 0.001 0.002 0.733 0.008 0.000 0.009 0.061 0.079 0.110 0.003 0.003 0.005 0.007 0.007 0.168 true 0.004 0.374 0.000 0.003 0.020 0.175 0.192 0.201 0.020 0.021 0.044 0.412 0.035 0.000 0.010 0.015 0.016 0.016 0.018 0.019 0.011 0.032 0.067 0.030 0.000 0.329 0.013 0.987 0.061 0.070 0.066 0.113 0.115 0.093 true true 0.010 -0.005 1.005 0.088 0.157 0.084 0.186 0.140 0.169 0.013 0.019 0.069 0.070 true 0.010 0.990 0.995 0.005 true true 0.983 0.017 true 1.000 true 1.000 true 1.000 true 1.000 Augustar® Variable Insurance Products Fund, Inc. 2026-06-30 AVIP Bond Portfolio Class I This semi-annual shareholder report contains important information about the AVIP Bond Portfolio (the "Portfolio”) for the period of January 1, 2026 to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six months?</div></div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td> <td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td> <td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment (annualized)</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP Bond Portfolio (Class I)</td> <td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>31</td> <td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">0.62<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 31 0.0062 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>263,503,513</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">168</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">63<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 263503513 168 0.63 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div> <div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div> <div style="display: flex;"> <div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div> </div> <div style="padding-right: 10pt; padding-left: 0;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">QTS Fayetteville I DC1-2 LLC / QTS TRS Fayetteville I DC1-2 LLC 5.700%, 04/15/2036</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Blackstone Private Credit Fund 6.000%, 01/29/2032</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Bank of Nova Scotia / The 6.875%, 10/27/2085</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Prudential Financial, Inc. 4.500%, 09/15/2047</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Antares Holdings LP 2.750%, 01/15/2027</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Morgan Stanley 4.892%, 10/22/2036</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">First Citizens BancShares, Inc. 5.600%, 09/05/2035</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">BGC Group, Inc. 6.150%, 04/02/2030</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Antares Holdings LP 6.625%, 06/10/2031</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Fifth Third Bank N.A. 5.332%, 08/25/2033</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> </div></div> <div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"> <div style="padding-left: 10pt; padding-right: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div> </div> <div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_113706.jpg" style="width: 172.8pt;"/> </div> </div> <div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"> <div style="padding-left: 10pt; padding-right: 0;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Sector<div style="white-space: nowrap;display:inline;"> </div>Allocation</div> </div> <div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_113711.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="padding-right: 10pt; padding-left: 0;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div> </div> <div style="padding-right: 10pt; padding-left: 0;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">QTS Fayetteville I DC1-2 LLC / QTS TRS Fayetteville I DC1-2 LLC 5.700%, 04/15/2036</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Blackstone Private Credit Fund 6.000%, 01/29/2032</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Bank of Nova Scotia / The 6.875%, 10/27/2085</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Prudential Financial, Inc. 4.500%, 09/15/2047</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Antares Holdings LP 2.750%, 01/15/2027</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Morgan Stanley 4.892%, 10/22/2036</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">First Citizens BancShares, Inc. 5.600%, 09/05/2035</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">BGC Group, Inc. 6.150%, 04/02/2030</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Antares Holdings LP 6.625%, 06/10/2031</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Fifth Third Bank N.A. 5.332%, 08/25/2033</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> </div> 0.014 0.013 0.012 0.011 0.011 0.011 0.01 0.01 0.01 0.009 AVIP Bond Portfolio Class II This semi-annual shareholder report contains important information about the AVIP Bond Portfolio  (the "Portfolio”) for the period of May 18, 2026 (inception) to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six months?</div></div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a <div style="display:inline;">percentage</div><br/>of a $10,000 investment (annualized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP Bond Portfolio (Class II)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>107<div style="vertical-align: super; font-size: smaller; letter-spacing: 0px; top: 0px;display:inline;">(a)</div></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">8.81<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">(a)</div></td><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;">Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher.</div></div></div></td></tr></table> 107 0.0881 <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">(a)</div></td><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;">Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher.</div></div></div></td></tr></table> 2026-05-18 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div><div style="letter-spacing: 0px; top: 0px;display:inline;">263,503,513</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">168</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">63</div><div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 263503513 168 0.63 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div> <div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div> <div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div> </div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">QTS Fayetteville I DC1-2 LLC / QTS TRS Fayetteville I DC1-2 LLC 5.700%, 04/15/2036</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Blackstone Private Credit Fund 6.000%, 01/29/2032</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Bank of Nova Scotia / The 6.875%, 10/27/2085</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Prudential Financial, Inc. 4.500%, 09/15/2047</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Antares Holdings LP 2.750%, 01/15/2027</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Morgan Stanley 4.892%, 10/22/2036</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">First Citizens BancShares, Inc. 5.600%, 09/05/2035</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">BGC Group, Inc. 6.150%, 04/02/2030</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Antares Holdings LP 6.625%, 06/10/2031</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Fifth Third Bank N.A. 5.332%, 08/25/2033</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_113670.jpg" style="width: 172.8pt;"/> </div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Sector<div style="white-space: nowrap;display:inline;"> </div>Allocation</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_113675.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">QTS Fayetteville I DC1-2 LLC / QTS TRS Fayetteville I DC1-2 LLC 5.700%, 04/15/2036</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Blackstone Private Credit Fund 6.000%, 01/29/2032</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Bank of Nova Scotia / The 6.875%, 10/27/2085</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Prudential Financial, Inc. 4.500%, 09/15/2047</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Antares Holdings LP 2.750%, 01/15/2027</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Morgan Stanley 4.892%, 10/22/2036</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">First Citizens BancShares, Inc. 5.600%, 09/05/2035</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">BGC Group, Inc. 6.150%, 04/02/2030</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Antares Holdings LP 6.625%, 06/10/2031</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Fifth Third Bank N.A. 5.332%, 08/25/2033</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 0.014 0.013 0.012 0.011 0.011 0.011 0.01 0.01 0.01 0.009 AVIP BlackRock Balanced Allocation Portfolio Class I This semi-annual shareholder report contains important information about the AVIP BlackRock Balanced Allocation Portfolio (the "Portfolio”) for the period of January 1, 2026 to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six months?</div></div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td> <td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td> <td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment (annualized)</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP BlackRock Balanced Allocation Portfolio (Class I)</td> <td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>31</td> <td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">0.59<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 31 0.0059 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>357,013,348</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">255</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 357013348 255 0.43 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div> <div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div> <div style="display: flex;"> <div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"> <div style="padding-right: 10pt; padding-left: 0;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div> </div> <div style="padding-right: 10pt; padding-left: 0;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">NVIDIA Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Apple, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Microsoft Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Amazon.com, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class A</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Broadcom, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class C</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Micron Technology, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Meta Platforms, Inc. Class A</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Applied Materials, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> </div> </div> <div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"> <div style="padding-left: 10pt; padding-right: 10pt;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div> </div> <div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_113742.jpg" style="width: 172.8pt;"/> </div> </div> <div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"> <div style="padding-left: 10pt; padding-right: 0;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Sector<div style="white-space: nowrap;display:inline;"> </div>Allocation</div> </div> <div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_113747.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">NVIDIA Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Apple, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Microsoft Corp.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Amazon.com, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class A</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Broadcom, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class C</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Micron Technology, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Meta Platforms, Inc. Class A</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Applied Materials, Inc.</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 0.068 0.06 0.04 0.03 0.029 0.022 0.021 0.017 0.014 0.013 AVIP BlackRock Balanced Allocation Portfolio Class II This semi-annual shareholder report contains important information about the AVIP BlackRock Balanced Allocation Portfolio  (the "Portfolio”) for the period of May 18, 2026 (inception) to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six months?</div></div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a <div style="display:inline;">percentage</div><br/>of a $10,000 investment (annualized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP BlackRock Balanced Allocation Portfolio (Class II)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>105<div style="vertical-align: super; font-size: smaller; letter-spacing: 0px; top: 0px;display:inline;">(a)</div></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">8.64<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">(a)</div></td><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;">Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher.</div></div></div></td></tr></table> 105 0.0864 <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">(a)</div></td><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;">Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher.</div></div></div></td></tr></table> 2026-05-18 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>357,013,348</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">255</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 357013348 255 0.43 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div> <div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div> <div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">NVIDIA Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Apple, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Microsoft Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Amazon.com, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Broadcom, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class C</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Micron Technology, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Meta Platforms, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Applied Materials, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_113778.jpg" style="width: 172.8pt;"/> </div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Sector<div style="white-space: nowrap;display:inline;"> </div>Allocation</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_113783.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">NVIDIA Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Apple, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Microsoft Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Amazon.com, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Broadcom, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class C</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Micron Technology, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Meta Platforms, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Applied Materials, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.068 0.06 0.04 0.03 0.029 0.022 0.021 0.017 0.014 0.013 AVIP BlackRock Advantage International Equity Portfolio Class I This semi-annual shareholder report contains important information about the AVIP BlackRock Advantage International Equity Portfolio (the "Portfolio”) for the period of January 1, 2026 to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six months?</div></div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment (annualized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP BlackRock Advantage International Equity Portfolio (Class I)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>47</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">0.90<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 47 0.009 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>356,992,746</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">339</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">56<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 356992746 339 0.56 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div><div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div><div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Country<br/>Weightings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">Japan</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">23.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">United Kingdom</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">14.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">France</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">9.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">Germany</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">9.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">Switzerland</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">7.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">Netherlands</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">7.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">Australia</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">6.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">Spain</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">5.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">Italy</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">3.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">Sweden</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio<br/>Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_113814.jpg" style="width: 172.8pt;"/> </div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Sector<br/>Allocation</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_113819.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Country<br/>Weightings</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">Japan</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">23.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">United Kingdom</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">14.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">France</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">9.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">Germany</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">9.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">Switzerland</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">7.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">Netherlands</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">7.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">Australia</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">6.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">Spain</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">5.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">Italy</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">3.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">Sweden</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 0.236 0.143 0.096 0.093 0.079 0.07 0.065 0.051 0.038 0.023 AVIP BlackRock Advantage International Equity Portfolio Class II This semi-annual shareholder report contains important information about the AVIP BlackRock Advantage International Equity Portfolio  (the "Portfolio”) for the period of May 18, 2026 (inception) to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six months?</div></div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a <div style="display:inline;">percentage</div><br/>of a $10,000 investment (annualized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP BlackRock Advantage International Equity Portfolio (Class II)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>110<div style="vertical-align: super; font-size: smaller; letter-spacing: 0px; top: 0px;display:inline;">(a)</div></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">8.90<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">(a)</div></td><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;">Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher.</div></div></div></td></tr></table> 110 0.089 <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">(a)</div></td><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;">Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher.</div></div></div></td></tr></table> 2026-05-18 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>356,992,746</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">339</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">56<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 356992746 339 0.56 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div> <div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div> <div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Country<br/>Weightings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">Japan</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">23.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">United Kingdom</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">14.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">France</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">9.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">Germany</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">9.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">Switzerland</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">7.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">Netherlands</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">7.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">Australia</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">6.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">Spain</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">5.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">Italy</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">3.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">Sweden</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio<br/>Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_113850.jpg" style="width: 172.8pt;"/> </div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Sector<br/>Allocation</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_113855.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Country<br/>Weightings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">Japan</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">23.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">United Kingdom</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">14.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">France</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">9.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">Germany</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">9.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">Switzerland</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">7.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">Netherlands</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">7.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">Australia</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">6.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">Spain</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">5.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">Italy</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">3.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">Sweden</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.236 0.143 0.096 0.093 0.079 0.07 0.065 0.051 0.038 0.023 AVIP Fidelity Institutional AM® Equity Growth Portfolio Class I This semi-annual shareholder report contains important information about the AVIP Fidelity Institutional AM<div style=";display:inline;vertical-align: super;font-size:8.3px">®</div> Equity Growth Portfolio (the "Portfolio”) for the period of January 1, 2026 to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six months?</div></div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment (annualized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP Fidelity Institutional AM<div style=";display:inline;vertical-align: super;font-size:8.3px">®</div> Equity Growth Portfolio (Class I)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>38</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">0.74<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 38 0.0074 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>247,215,726</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">114</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">21<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 247215726 114 0.21 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div><div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div><div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">NVIDIA Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">12.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">11.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Taiwan Semiconductor Manufacturing Co. Ltd. – ADR</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Amazon.com, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Apple, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Micron Technology, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Eli Lilly &amp; Co.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Meta Platforms, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Royalty Pharma PLC Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Broadcom, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_113886.jpg" style="width: 172.8pt;"/> </div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Sector<div style="white-space: nowrap;display:inline;"> </div>Allocation</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_113891.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">NVIDIA Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">12.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">11.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Taiwan Semiconductor Manufacturing Co. Ltd. – ADR</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Amazon.com, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Apple, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Micron Technology, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Eli Lilly &amp; Co.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Meta Platforms, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Royalty Pharma PLC Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Broadcom, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 0.127 0.119 0.051 0.049 0.045 0.042 0.039 0.032 0.031 0.028 AVIP AB Small Cap Portfolio Class I This semi-annual shareholder report contains important information about the AVIP AB Small Cap Portfolio (the "Portfolio”) for the period of January 1, 2026 to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six months?</div></div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment (annualized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP AB Small Cap Portfolio (Class I)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>46</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">0.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 46 0.0082 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>314,649,789</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">529</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">55<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 314649789 529 0.55 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div><div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div><div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">BrightSpring Health Services, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">ESCO Technologies, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Ultra Clean Holdings, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Moog, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Glaukos Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Element Solutions, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Chefs' Warehouse, Inc. / The</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Enpro, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Everus Construction Group, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">FormFactor, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_113958.jpg" style="width: 172.8pt;"/> </div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Sector<div style="white-space: nowrap;display:inline;"> </div>Allocation</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_113963.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">BrightSpring Health Services, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">ESCO Technologies, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Ultra Clean Holdings, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Moog, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Glaukos Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Element Solutions, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Chefs' Warehouse, Inc. / The</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Enpro, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Everus Construction Group, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">FormFactor, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 0.012 0.011 0.01 0.01 0.01 0.009 0.009 0.009 0.008 0.008 AVIP AB Mid Cap Core Portfolio Class I This semi-annual shareholder report contains important information about the AVIP AB Mid Cap Core Portfolio (the "Portfolio”) for the period of January 1, 2026 to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six months?</div></div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment (annualized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP AB Mid Cap Core Portfolio (Class I)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>49</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">0.91<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 49 0.0091 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>106,605,248</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">626</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">45<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 106605248 626 0.45 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div><div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div><div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">TechnipFMC PLC</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">BrightSpring Health Services, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Carpenter Technology Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">U.S. Foods Holding Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">BorgWarner, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">SiTime Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Sterling Infrastructure, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">F5, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">FormFactor, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Reliance, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_114030.jpg" style="width: 172.8pt;"/> </div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Sector<div style="white-space: nowrap;display:inline;"> </div>Allocation</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_114035.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">TechnipFMC PLC</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">BrightSpring Health Services, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Carpenter Technology Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">U.S. Foods Holding Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">BorgWarner, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">SiTime Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Sterling Infrastructure, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">F5, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">FormFactor, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Reliance, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 0.009 0.008 0.007 0.007 0.006 0.006 0.006 0.006 0.006 0.006 AVIP AB Mid Cap Core Portfolio Class II This semi-annual shareholder report contains important information about the AVIP AB Mid Cap Core Portfolio  (the "Portfolio”) for the period of May 18, 2026 (inception) to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six <div style="display:inline;">months</div>?</div></div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment (annualized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP AB Mid Cap Core Portfolio (Class II)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>110<div style="vertical-align: super; font-size: smaller; letter-spacing: 0px; top: 0px;display:inline;">(a)</div></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">8.81<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">(a)</div></td><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;">Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher.</div></div></div></td></tr></table> 110 0.0881 <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">(a)</div></td><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;">Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher.</div></div></div></td></tr></table> 2026-05-18 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>106,605,248</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">626</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">45<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 106605248 626 0.45 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div> <div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div> <div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">TechnipFMC PLC</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">BrightSpring Health Services, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Carpenter Technology Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">U.S. Foods Holding Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">BorgWarner, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">SiTime Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Sterling Infrastructure, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">F5, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">FormFactor, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Reliance, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_114066.jpg" style="width: 172.8pt;"/> </div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Sector<div style="white-space: nowrap;display:inline;"> </div>Allocation</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_114071.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">TechnipFMC PLC</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">BrightSpring Health Services, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Carpenter Technology Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">U.S. Foods Holding Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">BorgWarner, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">SiTime Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Sterling Infrastructure, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">F5, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">FormFactor, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Reliance, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.009 0.008 0.007 0.007 0.006 0.006 0.006 0.006 0.006 0.006 AVIP S&P 500® Index Portfolio Class I This semi-annual shareholder report contains important information about the AVIP S&amp;P 500® Index Portfolio (the "Portfolio”) for the period of January 1, 2026 to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six months?</div></div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment (annualized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP S&amp;P 500<div style=";display:inline;vertical-align: super;font-size:8.3px">®</div> Index Portfolio (Class I)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>20</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">0.38<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 20 0.0038 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,196,943,055</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">505</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 1196943055 505 0.02 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div><div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div><div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">NVIDIA Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Apple, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Microsoft Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Amazon.com, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Broadcom, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class C</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Micron Technology, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Meta Platforms, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Tesla, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_114102.jpg" style="width: 172.8pt;"/> </div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Sector<div style="white-space: nowrap;display:inline;"> </div>Allocation</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_114107.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">NVIDIA Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Apple, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Microsoft Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Amazon.com, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Broadcom, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class C</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Micron Technology, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Meta Platforms, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Tesla, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 0.075 0.065 0.043 0.036 0.032 0.028 0.026 0.02 0.019 0.018 AVIP S&P 500® Index Portfolio Class II This semi-annual shareholder report contains important information about the AVIP S&amp;P 500® Index Portfolio  (the "Portfolio”) for the period of May 18, 2026 (inception) to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six months?</div></div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment (annualized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP S&amp;P 500<div style=";display:inline;vertical-align: super;font-size:8.3px">®</div> Index Portfolio (Class II)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>102<div style="vertical-align: super; font-size: smaller; letter-spacing: 0px; top: 0px;display:inline;">(a)</div></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">8.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">(a)</div></td><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;">Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher.</div></div></div></td></tr></table> 102 0.0842 <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">(a)</div></td><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;">Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher.</div></div></div></td></tr></table> 2026-05-18 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,196,943,055</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">505</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 1196943055 505 0.02 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div> <div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div> <div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">NVIDIA Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Apple, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Microsoft Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Amazon.com, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Broadcom, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class C</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Micron Technology, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Meta Platforms, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Tesla, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_114138.jpg" style="width: 172.8pt;"/> </div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Sector<div style="white-space: nowrap;display:inline;"> </div>Allocation</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_114143.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">NVIDIA Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Apple, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Microsoft Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Amazon.com, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Broadcom, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class C</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Micron Technology, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Meta Platforms, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Tesla, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.075 0.065 0.043 0.036 0.032 0.028 0.026 0.02 0.019 0.018 AVIP BlackRock Advantage Large Cap Value Portfolio Class I This semi-annual shareholder report contains important information about the AVIP BlackRock Advantage Large Cap Value Portfolio (the "Portfolio”) for the period of January 1, 2026 to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six months?</div></div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment (annualized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP BlackRock Advantage Large Cap Value Portfolio (Class I)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>41</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">0.75<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 41 0.0075 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>193,501,133</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">206</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">48<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 193501133 206 0.48 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div><div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div><div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Amazon.com, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Apple, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Microsoft Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">JPMorgan Chase &amp; Co.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Berkshire Hathaway, Inc. Class B</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Bank of America Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Exxon Mobil Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Procter &amp; Gamble Co. / The</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Intel Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Morgan Stanley</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_114174.jpg" style="width: 172.8pt;"/> </div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Sector<div style="white-space: nowrap;display:inline;"> </div>Allocation</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_114179.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Amazon.com, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Apple, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Microsoft Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">JPMorgan Chase &amp; Co.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Berkshire Hathaway, Inc. Class B</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Bank of America Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Exxon Mobil Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Procter &amp; Gamble Co. / The</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Intel Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Morgan Stanley</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 0.057 0.05 0.041 0.029 0.024 0.02 0.018 0.016 0.016 0.014 AVIP BlackRock Advantage Large Cap Value Portfolio Class II This semi-annual shareholder report contains important information about the AVIP BlackRock Advantage Large Cap Value Portfolio  (the "Portfolio”) for the period of May 18, 2026 (inception) to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio <div style="display:inline;">Expenses </div>- <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six months?</div></div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <div style="margin-bottom: 10pt;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment (annualized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP BlackRock Advantage Large Cap Value Portfolio (Class II)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>108<div style="vertical-align: super; font-size: smaller; letter-spacing: 0px; top: 0px;display:inline;">(a)</div></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">8.71<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">(a)</div></td><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;">Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher.</div></div></div></td></tr></table></div> 108 0.0871 <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">(a)</div></td><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;">Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher.</div></div></div></td></tr></table> 2026-05-18 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>193,501,133</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">206</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">48<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 193501133 206 0.48 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div> <div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div> <div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"> <div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div> <div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Amazon.com, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Apple, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Microsoft Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">JPMorgan Chase &amp; Co.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Berkshire Hathaway, Inc. Class B</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Bank of America Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Exxon Mobil Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Procter &amp; Gamble Co. / The</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Intel Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Morgan Stanley</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> </div><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_114210.jpg" style="width: 172.8pt;"/> </div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Sector<div style="white-space: nowrap;display:inline;"> </div>Allocation</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_114215.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Amazon.com, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Apple, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Microsoft Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">JPMorgan Chase &amp; Co.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Berkshire Hathaway, Inc. Class B</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Bank of America Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Exxon Mobil Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Procter &amp; Gamble Co. / The</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Intel Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Morgan Stanley</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 0.057 0.05 0.041 0.029 0.024 0.02 0.018 0.016 0.016 0.014 AVIP High Income Bond Portfolio Class I This semi-annual shareholder report contains important information about the AVIP High Income Bond Portfolio (the "Portfolio”) for the period of January 1, 2026 to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six months?</div></div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment (annualized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP High Income Bond Portfolio (Class I)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>44</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">0.88<div style="letter-spacing: 0px; top: 0px;display:inline;"></div><div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 44 0.0088 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>117,216,844</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">194</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 117216844 194 0.30 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div><div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div><div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Ally Financial, Inc. 7.100%</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Citigroup, Inc. 6.500%</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Antares Holdings LP 6.625%, 06/10/2031</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Goldman Sachs Private Credit Corp. 5.375%, 01/31/2029</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Apollo Debt Solutions BDC 6.550%, 03/15/2032</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Synchrony Financial 7.250%</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">SLM Corp. 6.495%, 05/15/2032</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Blackstone Private Credit Fund 6.000%, 11/22/2034</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Oaktree Strategic Credit Fund 6.500%, 07/23/2029</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Valley National Bancorp 6.219%, 06/01/2036</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_114246.jpg" style="width: 172.8pt;"/> </div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Sector<div style="white-space: nowrap;display:inline;"> </div>Allocation</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_114251.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Ally Financial, Inc. 7.100%</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Citigroup, Inc. 6.500%</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Antares Holdings LP 6.625%, 06/10/2031</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Goldman Sachs Private Credit Corp. 5.375%, 01/31/2029</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Apollo Debt Solutions BDC 6.550%, 03/15/2032</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Synchrony Financial 7.250%</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">SLM Corp. 6.495%, 05/15/2032</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Blackstone Private Credit Fund 6.000%, 11/22/2034</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Oaktree Strategic Credit Fund 6.500%, 07/23/2029</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Valley National Bancorp 6.219%, 06/01/2036</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 0.017 0.017 0.017 0.017 0.015 0.014 0.013 0.012 0.011 0.011 AVIP High Income Bond Portfolio Class II This semi-annual shareholder report contains important information about the AVIP High Income Bond Portfolio  (the "Portfolio”) for the period of May 18, 2026 (inception) to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six <div style="display:inline;">months</div>?</div></div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment (annualized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP High Income Bond Portfolio (Class II)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>109<div style="vertical-align: super; font-size: smaller; letter-spacing: 0px; top: 0px;display:inline;">(a)</div></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">8.99<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">(a)</div></td><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;">Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher.</div></div></div></td></tr></table> 109 0.0899 <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">(a)</div></td><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;">Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher.</div></div></div></td></tr></table> 2026-05-18 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>117,216,844</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">194</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 117216844 194 0.30 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div> <div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div> <div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Ally Financial, Inc. 7.100%</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Citigroup, Inc. 6.500%</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Antares Holdings LP 6.625%, 06/10/2031</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Goldman Sachs Private Credit Corp. 5.375%, 01/31/2029</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Apollo Debt Solutions BDC 6.550%, 03/15/2032</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Synchrony Financial 7.250%</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">SLM Corp. 6.495%, 05/15/2032</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Blackstone Private Credit Fund 6.000%, 11/22/2034</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Oaktree Strategic Credit Fund 6.500%, 07/23/2029</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Valley National Bancorp 6.219%, 06/01/2036</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_114282.jpg" style="width: 172.8pt;"/> </div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Sector<div style="white-space: nowrap;display:inline;"> </div>Allocation</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_114287.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Ally Financial, Inc. 7.100%</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Citigroup, Inc. 6.500%</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Antares Holdings LP 6.625%, 06/10/2031</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Goldman Sachs Private Credit Corp. 5.375%, 01/31/2029</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Apollo Debt Solutions BDC 6.550%, 03/15/2032</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Synchrony Financial 7.250%</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">SLM Corp. 6.495%, 05/15/2032</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Blackstone Private Credit Fund 6.000%, 11/22/2034</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Oaktree Strategic Credit Fund 6.500%, 07/23/2029</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Valley National Bancorp 6.219%, 06/01/2036</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.017 0.017 0.017 0.017 0.015 0.014 0.013 0.012 0.011 0.011 AVIP Nasdaq-100® Index Portfolio Class I This semi-annual shareholder report contains important information about the AVIP Nasdaq-100® Index Portfolio (the "Portfolio”) for the period of January 1, 2026 to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six months?</div></div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment (annualized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP Nasdaq-100<div style=";display:inline;vertical-align: super;font-size:8.3px">®</div> Index Portfolio (Class I)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>24</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">0.44<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 24 0.0044 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>284,540,666</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">102</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 284540666 102 0.07 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div><div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div><div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">NVIDIA Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Apple, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Micron Technology, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Microsoft Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Advanced Micro Devices, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Amazon.com, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Tesla, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Intel Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class C</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_114318.jpg" style="width: 172.8pt;"/> </div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Sector<div style="white-space: nowrap;display:inline;"> </div>Allocation</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_114323.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">NVIDIA Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Apple, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Micron Technology, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Microsoft Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Advanced Micro Devices, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Amazon.com, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Tesla, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Intel Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class C</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.077 0.067 0.057 0.043 0.042 0.04 0.034 0.033 0.031 0.03 AVIP Nasdaq-100® Index Portfolio Class II This semi-annual shareholder report contains important information about the AVIP Nasdaq-100® Index Portfolio  (the "Portfolio”) for the period of May 18, 2026 (inception) to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six months?</div></div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment (annualized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP Nasdaq-100<div style=";display:inline;vertical-align: super;font-size:8.3px">®</div> Index Portfolio (Class II)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>102<div style="vertical-align: super; font-size: smaller; letter-spacing: 0px; top: 0px;display:inline;">(a)</div></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">8.26<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">(a)</div></td><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;">Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher.</div></div></div></td></tr></table> 102 0.0826 <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">(a)</div></td><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;">Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher.</div></div></div></td></tr></table> 2026-05-18 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>284,540,666</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">102</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 284540666 102 0.07 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div> <div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div> <div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">NVIDIA Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Apple, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Micron Technology, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Microsoft Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Advanced Micro Devices, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Amazon.com, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Tesla, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Intel Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class C</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_114354.jpg" style="width: 172.8pt;"/> </div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Sector<div style="white-space: nowrap;display:inline;"> </div>Allocation</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_114359.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">NVIDIA Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Apple, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Micron Technology, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Microsoft Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Advanced Micro Devices, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Amazon.com, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Tesla, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Intel Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class C</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.077 0.067 0.057 0.043 0.042 0.04 0.034 0.033 0.031 0.03 AVIP BlackRock Advantage Large Cap Core Portfolio Class I This semi-annual shareholder report contains important information about the AVIP BlackRock Advantage Large Cap Core Portfolio (the "Portfolio”) for the period of January 1, 2026 to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six months?</div></div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment (annualized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP BlackRock Advantage Large Cap Core Portfolio (Class I)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>37</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">0.70<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 37 0.007 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>333,573,681</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">143</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">33<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 333573681 143 0.33 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div><div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div><div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">NVIDIA Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">8.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Apple, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Microsoft Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Amazon.com, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Broadcom, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class C</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Micron Technology, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Meta Platforms, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Applied Materials, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_114390.jpg" style="width: 172.8pt;"/> </div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Sector<div style="white-space: nowrap;display:inline;"> </div>Allocation</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_114395.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">NVIDIA Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">8.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Apple, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Microsoft Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Amazon.com, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Broadcom, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class C</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Micron Technology, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Meta Platforms, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Applied Materials, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.088 0.079 0.051 0.04 0.037 0.029 0.028 0.023 0.02 0.018 AVIP BlackRock Advantage Large Cap Core Portfolio Class II This semi-annual shareholder report contains important information about the AVIP BlackRock Advantage Large Cap Core Portfolio  (the "Portfolio”) for the period of May 18, 2026 (inception) to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six months?</div></div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment (annualized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP BlackRock Advantage Large Cap Core Portfolio (Class II)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>106<div style="vertical-align: super; font-size: smaller; letter-spacing: 0px; top: 0px;display:inline;">(a)</div></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">8.71<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">(a)</div></td><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;">Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher.</div></div></div></td></tr></table> 106 0.0871 <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">(a)</div></td><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;">Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher.</div></div></div></td></tr></table> 2026-05-18 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>333,573,681</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">143</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">33<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 333573681 143 0.33 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div> <div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div> <div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">NVIDIA Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">8.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Apple, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Microsoft Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Amazon.com, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Broadcom, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class C</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Micron Technology, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Meta Platforms, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Applied Materials, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_114426.jpg" style="width: 172.8pt;"/> </div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Sector<div style="white-space: nowrap;display:inline;"> </div>Allocation</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_114431.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">NVIDIA Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">8.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Apple, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Microsoft Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Amazon.com, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Broadcom, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class C</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Micron Technology, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Meta Platforms, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Applied Materials, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.088 0.079 0.051 0.04 0.037 0.029 0.028 0.023 0.02 0.018 AVIP BlackRock Advantage Small Cap Growth Portfolio Class I This semi-annual shareholder report contains important information about the AVIP BlackRock Advantage Small Cap Growth Portfolio (the "Portfolio”) for the period of January 1, 2026 to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six months?</div></div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment (annualized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP BlackRock Advantage Small Cap Growth Portfolio (Class I)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>50</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">0.91<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 50 0.0091 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>136,853,208</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">600</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">92<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 136853208 600 0.92 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div><div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div><div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Moog, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">EnerSys</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">MaxLinear, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Argan, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Plexus Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">ESCO Technologies, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Enova International, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Kulicke &amp; Soffa Industries, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">StoneX Group, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Silicon Laboratories, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_114462.jpg" style="width: 172.8pt;"/> </div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Sector<div style="white-space: nowrap;display:inline;"> </div>Allocation</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_114467.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Moog, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">EnerSys</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">MaxLinear, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Argan, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Plexus Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">ESCO Technologies, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Enova International, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Kulicke &amp; Soffa Industries, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">StoneX Group, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Silicon Laboratories, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.008 0.008 0.007 0.007 0.007 0.007 0.007 0.006 0.006 0.006 AVIP S&P MidCap 400® Index Portfolio Class I This semi-annual shareholder report contains important information about the AVIP S&amp;P MidCap 400<div style=";display:inline;vertical-align: super;font-size:8.3px">®</div> Index Portfolio (the "Portfolio”) for the period of January 1, 2026 to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio co<div style="letter-spacing: 0px; top: 0px;display:inline;">sts</div> for the la<div style="letter-spacing: 0px; top: 0px;display:inline;">s</div>t six m<div style="letter-spacing: 0px; top: 0px;display:inline;">on</div>ths?</div></div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 In<div style="letter-spacing: 0px; top: 0px;display:inline;">vest</div>ment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment (ann<div style="letter-spacing: 0px; top: 0px;display:inline;">u</div>alized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP S&amp;P MidCap 400<div style=";display:inline;vertical-align: super;font-size:8.3px">®</div> Index Portfolio (Class I)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>22</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">0.41<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 22 0.0041 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>541,427,503</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">404</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 541427503 404 0.08 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 20<div style="display:inline;">2</div>6)</div><div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net as<div style="letter-spacing: 0px; top: 0px;display:inline;">se</div>ts of the Portfolio.</div><div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Twilio, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Carpenter Technology Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">MKS, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Curtiss-Wright Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">nVent Electric PLC</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Entegris, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">ATI, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Illumina, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">TechnipFMC PLC</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Sterling Infrastructure, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_114534.jpg" style="width: 172.8pt;"/> </div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Sector<div style="white-space: nowrap;display:inline;"> </div>Allocation</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_114539.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Twilio, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Carpenter Technology Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">MKS, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Curtiss-Wright Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">nVent Electric PLC</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Entegris, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">ATI, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Illumina, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">TechnipFMC PLC</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Sterling Infrastructure, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.009 0.009 0.008 0.008 0.008 0.008 0.007 0.007 0.007 0.007 AVIP S&P MidCap 400® Index Portfolio Class II This semi-annual shareholder report contains important information about the AVIP S&amp;P MidCap 400® Index Portfolio  (the "Portfolio”) for the period of May 18, 2026 (inception) to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six <div style="display:inline;">months</div>?</div></div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment (annualized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP S&amp;P MidCap 400<div style=";display:inline;vertical-align: super;font-size:8.3px">®</div> Index Portfolio (Class II)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>106<div style="vertical-align: super; font-size: smaller; letter-spacing: 0px; top: 0px;display:inline;">(a)</div></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">8.48<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">(a)</div></td><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;">Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher.</div></div></div></td></tr></table> 106 0.0848 <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">(a)</div></td><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;">Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher.</div></div></div></td></tr></table> 2026-05-18 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>541,427,503</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">404</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 541427503 404 0.08 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div> <div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the ne<div style="letter-spacing: 0px; top: 0px;display:inline;">t asse</div>ts of the Portfolio.</div> <div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Twilio, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Carpenter Technology Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">MKS, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Curtiss-Wright Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">nVent Electric PLC</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Entegris, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">ATI, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Illumina, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">TechnipFMC PLC</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Sterling Infrastructure, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_114570.jpg" style="width: 172.8pt;"/> </div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Sector<div style="white-space: nowrap;display:inline;"> </div>Allocation</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_114575.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Twilio, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Carpenter Technology Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">MKS, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Curtiss-Wright Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">nVent Electric PLC</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Entegris, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">ATI, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Illumina, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">TechnipFMC PLC</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Sterling Infrastructure, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">0.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.009 0.009 0.008 0.008 0.008 0.008 0.007 0.007 0.007 0.007 AVIP BlackRock Advantage Large Cap Growth Portfolio Class I This semi-annual shareholder report contains important information about the AVIP BlackRock Advantage Large Cap Growth Portfolio (the "Portfolio”) for the period of January 1, 2026 to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six months?</div></div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment (annualized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP BlackRock Advantage Large Cap Growth Portfolio (Class I)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>37</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">0.71<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 37 0.0071 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>461,383,142</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">93</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">35<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 461383142 93 0.35 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div><div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div><div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">NVIDIA Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">10.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Apple, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">10.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Microsoft Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Broadcom, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Amazon.com, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Advanced Micro Devices, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class C</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Meta Platforms, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Tesla, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_114606.jpg" style="width: 172.8pt;"/> </div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Sector<div style="white-space: nowrap;display:inline;"> </div>Allocation</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_114611.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">NVIDIA Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">10.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Apple, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">10.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Microsoft Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Broadcom, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Amazon.com, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Advanced Micro Devices, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class C</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Meta Platforms, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Tesla, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 0.105 0.10 0.071 0.057 0.049 0.039 0.037 0.034 0.033 0.032 AVIP BlackRock Advantage Large Cap Growth Portfolio Class II This semi-annual shareholder report contains important information about the AVIP BlackRock Advantage Large Cap Growth Portfolio  (the "Portfolio”) for the period of May 18, 2026 (inception) to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six <div style="display:inline;">months</div>?</div></div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment (annualized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP BlackRock Advantage Large Cap Growth Portfolio (Class II)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>105<div style="vertical-align: super; font-size: smaller; letter-spacing: 0px; top: 0px;display:inline;">(a)</div></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">8.71<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">(a)</div></td><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;">Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher.</div></div></div></td></tr></table> 105 0.0871 <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">(a)</div></td><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;">Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher.</div></div></div></td></tr></table> 2026-05-18 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>461,383,142</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">93</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">35<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 461383142 93 0.35 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div> <div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div> <div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">NVIDIA Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">10.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Apple, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">10.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Microsoft Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Broadcom, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Amazon.com, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Advanced Micro Devices, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class C</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Meta Platforms, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Tesla, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_114642.jpg" style="width: 172.8pt;"/> </div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Sector<div style="white-space: nowrap;display:inline;"> </div>Allocation</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_114647.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">NVIDIA Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">10.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Apple, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">10.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Microsoft Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Broadcom, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Amazon.com, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Advanced Micro Devices, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class C</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Meta Platforms, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Tesla, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.105 0.10 0.071 0.057 0.049 0.039 0.037 0.034 0.033 0.032 AVIP Constellation Dynamic Risk Balanced Portfolio Class I This semi-annual shareholder report contains important information about the AVIP Constellation Dynamic Risk Balanced Portfolio (the "Portfolio”) for the period of January 1, 2026 to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six months?</div></div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment (annualized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP Constellation Dynamic Risk Balanced Portfolio (Class I)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>43</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">0.83<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 43 0.0083 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,489,932,173</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">135</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 1489932173 135 0.09 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div><div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div><div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Vanguard S&amp;P 500 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">25.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Core S&amp;P 500 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">22.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Vanguard Intermediate-Term Corporate Bond ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Vanguard Total Stock Market ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Core S&amp;P Total U.S. Stock Market ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares MBS ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Invesco QQQ Trust Series 1 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">U.S. Treasury Bond 4.625%, 02/15/2055</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">U.S. Treasury Bond 4.750%, 05/15/2055</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">U.S. Treasury Bond 3.250%, 05/15/2042</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_114678.jpg" style="width: 172.8pt;"/> </div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Sector<div style="white-space: nowrap;display:inline;"> </div>Allocation</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_114683.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Vanguard S&amp;P 500 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">25.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Core S&amp;P 500 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">22.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Vanguard Intermediate-Term Corporate Bond ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Vanguard Total Stock Market ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Core S&amp;P Total U.S. Stock Market ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares MBS ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Invesco QQQ Trust Series 1 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">U.S. Treasury Bond 4.625%, 02/15/2055</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">U.S. Treasury Bond 4.750%, 05/15/2055</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">U.S. Treasury Bond 3.250%, 05/15/2042</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.253 0.22 0.071 0.066 0.064 0.031 0.024 0.017 0.012 0.011 AVIP Constellation Dynamic Risk Balanced Portfolio Class II This semi-annual shareholder report contains important information about the AVIP Constellation Dynamic Risk Balanced Portfolio  (the "Portfolio”) for the period of May 18, 2026 (inception) to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six months?</div></div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <div style="margin-bottom: 10pt;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment (annualized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP Constellation Dynamic Risk Balanced Portfolio (Class II)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>109<div style="vertical-align: super; font-size: smaller; letter-spacing: 0px; top: 0px;display:inline;">(a)</div></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">8.94<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">(a)</div></td><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;">Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher.</div></div></div></td></tr></table></div> 109 0.0894 <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">(a)</div></td><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;">Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher.</div></div></div></td></tr></table> 2026-05-18 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,489,932,173</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">135</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 1489932173 135 0.09 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div> <div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div> <div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"> <div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div> <div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Vanguard S&amp;P 500 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">25.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Core S&amp;P 500 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">22.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Vanguard Intermediate-Term Corporate Bond ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Vanguard Total Stock Market ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Core S&amp;P Total U.S. Stock Market ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares MBS ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Invesco QQQ Trust Series 1 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">U.S. Treasury Bond 4.625%, 02/15/2055</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">U.S. Treasury Bond 4.750%, 05/15/2055</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">U.S. Treasury Bond 3.250%, 05/15/2042</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> </div><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_114714.jpg" style="width: 172.8pt;"/> </div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Sector<div style="white-space: nowrap;display:inline;"> </div>Allocation</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_114719.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Vanguard S&amp;P 500 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">25.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Core S&amp;P 500 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">22.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Vanguard Intermediate-Term Corporate Bond ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Vanguard Total Stock Market ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Core S&amp;P Total U.S. Stock Market ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares MBS ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Invesco QQQ Trust Series 1 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">U.S. Treasury Bond 4.625%, 02/15/2055</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">U.S. Treasury Bond 4.750%, 05/15/2055</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">U.S. Treasury Bond 3.250%, 05/15/2042</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 0.253 0.22 0.071 0.066 0.064 0.031 0.024 0.017 0.012 0.011 AVIP Core Plus Bond Portfolio Class I This semi-annual shareholder report contains important information about the AVIP Core Plus Bond Portfolio (the "Portfolio”) for the period of January 1, 2026 to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six months?</div></div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment (annualized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP Core Plus Bond Portfolio (Class I)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>29</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">0.59<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 29 0.0059 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>502,418,047</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">606</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">44<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 502418047 606 0.44 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div><div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div><div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">U.S. Treasury Note 4.125%, 03/31/2032</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">U.S. Treasury Bond 4.250%, 08/15/2054</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Palmer Square CLO 2023-3A AR TSFR3M + 122, 01/20/2039</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Madison Park Funding LXI Ltd. 2023-61A AR TSFR3M + 122, 01/20/2039</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Diameter Capital CLO 4 Ltd. 2022-4A ARR TSFR3M + 123, 01/15/2039</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AB BSL CLO 7 Ltd. 2025-7A A1 TSFR3M + 123, 01/15/2039</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Pikes Peak CLO 2026-22A A1 TSFR3M + 119, 04/20/2039</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Regatta XVI Funding Ltd. 2019-2A A1R2 TSFR3M + 119, 04/15/2039</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">MidOcean Credit CLO XIII Ltd. 2023-13A AR1 TSFR3M + 120, 01/21/2039</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">ARES Loan Funding I Ltd. 2021-ALFA AR TSFR3M + 117, 04/15/2039</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_114894.jpg" style="width: 172.8pt;"/> </div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Sector<div style="white-space: nowrap;display:inline;"> </div>Allocation</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_114899.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">U.S. Treasury Note 4.125%, 03/31/2032</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">U.S. Treasury Bond 4.250%, 08/15/2054</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Palmer Square CLO 2023-3A AR TSFR3M + 122, 01/20/2039</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Madison Park Funding LXI Ltd. 2023-61A AR TSFR3M + 122, 01/20/2039</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Diameter Capital CLO 4 Ltd. 2022-4A ARR TSFR3M + 123, 01/15/2039</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AB BSL CLO 7 Ltd. 2025-7A A1 TSFR3M + 123, 01/15/2039</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Pikes Peak CLO 2026-22A A1 TSFR3M + 119, 04/20/2039</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Regatta XVI Funding Ltd. 2019-2A A1R2 TSFR3M + 119, 04/15/2039</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">MidOcean Credit CLO XIII Ltd. 2023-13A AR1 TSFR3M + 120, 01/21/2039</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">ARES Loan Funding I Ltd. 2021-ALFA AR TSFR3M + 117, 04/15/2039</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.061 0.025 0.015 0.015 0.015 0.015 0.015 0.015 0.015 0.015 AVIP Core Plus Bond Portfolio Class II This semi-annual shareholder report contains important information about the AVIP Core Plus Bond Portfolio  (the "Portfolio”) for the period of May 18, 2026 (inception) to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six months?</div></div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs <div style="display:inline;">paid </div>as a percentage<br/>of a $10,000 investment (annualized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP Core Plus Bond Portfolio (Class II)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>107<div style="vertical-align: super; font-size: smaller; letter-spacing: 0px; top: 0px;display:inline;">(a)</div></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">8.80<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">(a)</div></td><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;">Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher.</div></div></div></td></tr></table> 107 0.088 <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">(a)</div></td><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;">Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher.</div></div></div></td></tr></table> 2026-05-18 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>502,418,047</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">606</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">44<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 502418047 606 0.44 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div> <div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div> <div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">U.S. Treasury Note 4.125%, 03/31/2032</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">U.S. Treasury Bond 4.250%, 08/15/2054</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Palmer Square CLO 2023-3A AR TSFR3M + 122, 01/20/2039</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Madison Park Funding LXI Ltd. 2023-61A AR TSFR3M + 122, 01/20/2039</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Diameter Capital CLO 4 Ltd. 2022-4A ARR TSFR3M + 123, 01/15/2039</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AB BSL CLO 7 Ltd. 2025-7A A1 TSFR3M + 123, 01/15/2039</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Pikes Peak CLO 2026-22A A1 TSFR3M + 119, 04/20/2039</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Regatta XVI Funding Ltd. 2019-2A A1R2 TSFR3M + 119, 04/15/2039</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">MidOcean Credit CLO XIII Ltd. 2023-13A AR1 TSFR3M + 120, 01/21/2039</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">ARES Loan Funding I Ltd. 2021-ALFA AR TSFR3M + 117, 04/15/2039</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_114930.jpg" style="width: 172.8pt;"/> </div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Sector<div style="white-space: nowrap;display:inline;"> </div>Allocation</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_114935.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">U.S. Treasury Note 4.125%, 03/31/2032</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">U.S. Treasury Bond 4.250%, 08/15/2054</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Palmer Square CLO 2023-3A AR TSFR3M + 122, 01/20/2039</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Madison Park Funding LXI Ltd. 2023-61A AR TSFR3M + 122, 01/20/2039</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Diameter Capital CLO 4 Ltd. 2022-4A ARR TSFR3M + 123, 01/15/2039</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AB BSL CLO 7 Ltd. 2025-7A A1 TSFR3M + 123, 01/15/2039</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Pikes Peak CLO 2026-22A A1 TSFR3M + 119, 04/20/2039</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Regatta XVI Funding Ltd. 2019-2A A1R2 TSFR3M + 119, 04/15/2039</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">MidOcean Credit CLO XIII Ltd. 2023-13A AR1 TSFR3M + 120, 01/21/2039</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">ARES Loan Funding I Ltd. 2021-ALFA AR TSFR3M + 117, 04/15/2039</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.061 0.025 0.015 0.015 0.015 0.015 0.015 0.015 0.015 0.015 AVIP Intech U.S. Low Volatility Portfolio Class I This semi-annual shareholder report contains important information about the AVIP Intech U.S. Low Volatility Portfolio (the "Portfolio”) for the period of January 1, 2026 to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six months?</div></div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment (annualized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP Intech U.S. Low Volatility Portfolio (Class I)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>31</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">0.62<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 31 0.0062 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>525,134,055</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">185</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">47<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 525134055 185 0.47 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div><div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div><div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">NVIDIA Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Apple, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Microsoft Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Amazon.com, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Broadcom, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class C</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Meta Platforms, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Consolidated Edison, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Micron Technology, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_114966.jpg" style="width: 172.8pt;"/> </div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Sector<div style="white-space: nowrap;display:inline;"> </div>Allocation</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_114971.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">NVIDIA Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Apple, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Microsoft Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Amazon.com, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Broadcom, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class C</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Meta Platforms, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Consolidated Edison, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Micron Technology, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.071 0.061 0.038 0.029 0.026 0.024 0.021 0.013 0.011 0.011 AVIP Intech U.S. Low Volatility Portfolio Class II This semi-annual shareholder report contains important information about the AVIP Intech U.S. Low Volatility Portfolio  (the "Portfolio”) for the period of May 18, 2026 (inception) to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six months?</div></div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;"><div style="display:inline;">Costs </div>paid as a percentage<br/>of a $10,000 investment (annualized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP Intech U.S. Low Volatility Portfolio (Class II)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>105<div style="vertical-align: super; font-size: smaller; letter-spacing: 0px; top: 0px;display:inline;">(a)</div></td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">8.79<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">(a)</div></td><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;">Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher.</div></div></div></td></tr></table> 105 0.0879 <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="font-style:italic;display:inline;">(a)</div></td><td style="break-inside: avoid-page; vertical-align: middle; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px;"><div style="margin-top: 0px; font-family: Arial; font-style: normal; font-size: 7.5pt; color: rgb(0, 0, 0); text-align: left; padding: 0px; margin-bottom: 0px; line-height: normal;"><div style="font-style:italic;display:inline;"><div style="font-style:italic;display:inline;">Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher.</div></div></div></td></tr></table> 2026-05-18 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>525,134,055</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">185</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">47<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 525134055 185 0.47 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div> <div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div> <div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">NVIDIA Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Apple, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Microsoft Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Amazon.com, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Broadcom, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class C</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Meta Platforms, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Consolidated Edison, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Micron Technology, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_115002.jpg" style="width: 172.8pt;"/> </div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Sector<div style="white-space: nowrap;display:inline;"> </div>Allocation</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_115007.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">NVIDIA Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Apple, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Microsoft Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Amazon.com, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Broadcom, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class C</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Meta Platforms, Inc. Class A</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Consolidated Edison, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Micron Technology, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.071 0.061 0.038 0.029 0.026 0.024 0.021 0.013 0.011 0.011 AVIP AB Relative Value Portfolio Class I This semi-annual shareholder report contains important information about the AVIP AB Relative Value Portfolio (the "Portfolio”) for the period of January 1, 2026 to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six months?</div></div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment (annualized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP AB Relative Value Portfolio (Class I)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>39</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">0.74<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 39 0.0074 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>129,155,913</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">79</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">30<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 129155913 79 0.30 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div><div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div><div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div> </div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Berkshire Hathaway, Inc. Class B</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">RTX Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">JPMorgan Chase &amp; Co.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Johnson &amp; Johnson</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Philip Morris International, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class C</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Cisco Systems, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">UnitedHealth Group, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Taiwan Semiconductor Manufacturing Co. Ltd. – ADR</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Amazon.com, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 10pt;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_115074.jpg" style="width: 172.8pt;"/> </div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Sector<div style="white-space: nowrap;display:inline;"> </div>Allocation</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_115079.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Berkshire Hathaway, Inc. Class B</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">RTX Corp.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">JPMorgan Chase &amp; Co.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Johnson &amp; Johnson</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Philip Morris International, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Alphabet, Inc. Class C</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Cisco Systems, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">UnitedHealth Group, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Taiwan Semiconductor Manufacturing Co. Ltd. – ADR</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Amazon.com, Inc.</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.041 0.039 0.037 0.035 0.032 0.031 0.031 0.027 0.024 0.021 AVIP Constellation Managed Risk Balanced Portfolio Class I This semi-annual shareholder report contains important information about the AVIP Constellation Managed Risk Balanced Portfolio (the "Portfolio”) for the period of January 1, 2026 to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six months?</div></div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment (annualized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP Constellation Managed Risk Balanced Portfolio (Class I)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>30</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">0.59<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 30 0.0059 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div><div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>487,704,469</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 487704469 17 0 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div><div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div><div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Core U.S. Aggregate Bond ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">36.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Core S&amp;P 500 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">26.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares iBoxx $ Investment Grade Corporate Bond ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Vanguard S&amp;P 500 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Invesco QQQ Trust Series 1 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Core MSCI EAFE ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Vanguard Total Stock Market ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Core S&amp;P Mid-Cap ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">State Street SPDR Portfolio S&amp;P 500 Value ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Russell 1000 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_115038.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Core U.S. Aggregate Bond ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">36.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Core S&amp;P 500 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">26.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares iBoxx $ Investment Grade Corporate Bond ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Vanguard S&amp;P 500 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Invesco QQQ Trust Series 1 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Core MSCI EAFE ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Vanguard Total Stock Market ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Core S&amp;P Mid-Cap ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">State Street SPDR Portfolio S&amp;P 500 Value ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Russell 1000 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.36 0.262 0.056 0.054 0.048 0.043 0.042 0.032 0.027 0.019 AVIP Constellation Managed Risk Moderate Growth Portfolio Class I This semi-annual shareholder report contains important information about the AVIP Constellation Managed Risk Moderate Growth Portfolio (the "Portfolio”) for the period of January 1, 2026 to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six months?</div></div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment (annualized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP Constellation Managed Risk Moderate Growth Portfolio (Class I)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>30</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">0.58<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 30 0.0058 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,207,565,566</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">16</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">10<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 1207565566 16 0.10 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div> <div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div> <div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Core S&amp;P 500 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">28.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Core U.S. Aggregate Bond ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">25.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Vanguard S&amp;P 500 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">18.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Vanguard Total Bond Market ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Vanguard Total Stock Market ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Core S&amp;P Total U.S. Stock Market ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Invesco QQQ Trust Series 1 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Core MSCI EAFE ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Russell 1000 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">State Street SPDR Portfolio S&amp;P 500 Value ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_115146.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Core S&amp;P 500 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">28.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Core U.S. Aggregate Bond ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">25.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Vanguard S&amp;P 500 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">18.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Vanguard Total Bond Market ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Vanguard Total Stock Market ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Core S&amp;P Total U.S. Stock Market ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Invesco QQQ Trust Series 1 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Core MSCI EAFE ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Russell 1000 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">State Street SPDR Portfolio S&amp;P 500 Value ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.281 0.255 0.184 0.067 0.059 0.058 0.028 0.019 0.016 0.013 AVIP Constellation Managed Risk Growth Portfolio Class I This semi-annual shareholder report contains important information about the AVIP Constellation Managed Risk Growth Portfolio (the "Portfolio”) for the period of January 1, 2026 to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six months?</div></div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment (annualized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP Constellation Managed Risk Growth Portfolio (Class I)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>31</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">0.60<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 31 0.006 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>414,824,918</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">14</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 414824918 14 0 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div> <div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div> <div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Core S&amp;P 500 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">36.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Core U.S. Aggregate Bond ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">17.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Invesco QQQ Trust Series 1 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">8.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Vanguard Total Stock Market ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Core MSCI EAFE ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Core S&amp;P Mid-Cap ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Vanguard S&amp;P 500 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">State Street SPDR Portfolio S&amp;P 500 Value ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Russell 1000 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Core S&amp;P Total U.S. Stock Market ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_115182.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Core S&amp;P 500 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">36.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Core U.S. Aggregate Bond ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">17.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Invesco QQQ Trust Series 1 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">8.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Vanguard Total Stock Market ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Core MSCI EAFE ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Core S&amp;P Mid-Cap ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">Vanguard S&amp;P 500 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">State Street SPDR Portfolio S&amp;P 500 Value ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Russell 1000 ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">iShares Core S&amp;P Total U.S. Stock Market ETF</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">2.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.36 0.178 0.089 0.067 0.065 0.047 0.042 0.034 0.031 0.027 AVIP Moderately Conservative Model Portfolio Class I This semi-annual shareholder report contains important information about the AVIP Moderately Conservative Model Portfolio (the "Portfolio”) for the period of January 1, 2026 to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six months?</div></div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment (annualized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP Moderately Conservative Model Portfolio (Class I)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>25</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">0.49<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 25 0.0049 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>155,400,965</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">17</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">10<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 155400965 17 0.10 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div> <div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div> <div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">PIMCO Total Return Institutional</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">17.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP Core Plus Bond Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">15.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP S&amp;P 500<div style=";display:inline;vertical-align: super;font-size:7.4px">®</div> Index Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">14.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">PIMCO Low Duration Institutional</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">12.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP Bond Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">10.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP S&amp;P MidCap 400<div style=";display:inline;vertical-align: super;font-size:7.4px">®</div> Index Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">8.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP High Income Bond Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP BlackRock Advantage International Equity Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">DFA International Core Equity Portfolio Institutional</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP BlackRock Advantage Large Cap Value Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_114750.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">PIMCO Total Return Institutional</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">17.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP Core Plus Bond Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">15.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP S&amp;P 500<div style=";display:inline;vertical-align: super;font-size:7.4px">®</div> Index Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">14.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">PIMCO Low Duration Institutional</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">12.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP Bond Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">10.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP S&amp;P MidCap 400<div style=";display:inline;vertical-align: super;font-size:7.4px">®</div> Index Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">8.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP High Income Bond Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP BlackRock Advantage International Equity Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">DFA International Core Equity Portfolio Institutional</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP BlackRock Advantage Large Cap Value Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.171 0.15 0.14 0.12 0.10 0.08 0.06 0.04 0.03 0.03 AVIP Balanced Model Portfolio Class I This semi-annual shareholder report contains important information about the AVIP Balanced Model Portfolio (the "Portfolio”) for the period of January 1, 2026 to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio atwww.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six months?</div></div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment (annualized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP Balanced Model Portfolio (Class I)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>22</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">0.43<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 22 0.0043 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>670,663,815</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">19</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">10<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 670663815 19 0.10 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div> <div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div> <div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP S&amp;P 500<div style=";display:inline;vertical-align: super;font-size:7.4px">®</div> Index Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">16.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">PIMCO Total Return Institutional</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">12.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP S&amp;P MidCap 400<div style=";display:inline;vertical-align: super;font-size:7.4px">®</div> Index Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">11.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP Core Plus Bond Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">10.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">PIMCO Low Duration Institutional</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">8.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP BlackRock Advantage International Equity Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP Bond Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">DFA International Core Equity Portfolio Institutional</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP BlackRock Advantage Large Cap Value Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP High Income Bond Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_114786.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP S&amp;P 500<div style=";display:inline;vertical-align: super;font-size:7.4px">®</div> Index Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">16.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">PIMCO Total Return Institutional</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">12.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP S&amp;P MidCap 400<div style=";display:inline;vertical-align: super;font-size:7.4px">®</div> Index Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">11.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP Core Plus Bond Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">10.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">PIMCO Low Duration Institutional</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">8.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP BlackRock Advantage International Equity Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP Bond Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">DFA International Core Equity Portfolio Institutional</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP BlackRock Advantage Large Cap Value Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP High Income Bond Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.16 0.12 0.11 0.10 0.08 0.07 0.07 0.05 0.04 0.04 AVIP Moderate Growth Model Portfolio Class I This semi-annual shareholder report contains important information about the AVIP Moderate Growth Model Portfolio (the "Portfolio”) for the period of January 1, 2026 to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio atwww.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six months?</div></div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"><td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td><td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment (annualized)</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP Moderate Growth Model Portfolio (Class I)</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>22</td><td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">0.42<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 22 0.0042 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,386,692,641</td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">19</td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">11<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 1386692641 19 0.11 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div> <div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div> <div style="display: flex;"><div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP S&amp;P 500<div style=";display:inline;vertical-align: super;font-size:7.4px">®</div> Index Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">19.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP S&amp;P MidCap 400<div style=";display:inline;vertical-align: super;font-size:7.4px">®</div> Index Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">13.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP BlackRock Advantage International Equity Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">8.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">DFA International Core Equity Portfolio Institutional</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">PIMCO Total Return Institutional</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP Core Plus Bond Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP BlackRock Advantage Large Cap Value Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP AB Relative Value Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP Bond Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP BlackRock Advantage Large Cap Core Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-left: 10pt; padding-right: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div></div><div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_114822.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="padding-right: 10pt; padding-left: 0;"><div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div></div><div style="padding-right: 10pt; padding-left: 0;"><table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP S&amp;P 500<div style=";display:inline;vertical-align: super;font-size:7.4px">®</div> Index Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">19.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP S&amp;P MidCap 400<div style=";display:inline;vertical-align: super;font-size:7.4px">®</div> Index Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">13.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP BlackRock Advantage International Equity Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">8.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">DFA International Core Equity Portfolio Institutional</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">PIMCO Total Return Institutional</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP Core Plus Bond Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP BlackRock Advantage Large Cap Value Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP AB Relative Value Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP Bond Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">5.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"><td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP BlackRock Advantage Large Cap Core Portfolio</td><td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.19 0.13 0.08 0.07 0.07 0.07 0.06 0.05 0.05 0.04 AVIP Growth Model Portfolio Class I This semi-annual shareholder report contains important information about the AVIP Growth Model Portfolio (the "Portfolio”) for the period of January 1, 2026 to June 30, 2026. semi-annual shareholder report You can find additional information about the Portfolio at www.augustarfund.com. You can also request this information by contacting us at 877-781-6392 (toll-free). www.augustarfund.com 877-781-6392 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Portfolio Expenses - <div style="font-size: 11pt;display:inline;">What were the Portfolio costs for the last six months?</div></div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="font-style:italic;display:inline;">(Based on a hypothetical $10,000 investment)</div> </div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="break-after: avoid; border-bottom-style: solid; border-bottom-width: 1pt; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(29, 57, 105);"> <td style="break-inside: avoid-page; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; text-align: left; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Portfolio (Class)</div></td> <td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs of a $10,000 Investment</div></td> <td style="break-inside: avoid-page; text-align: right; padding: 6pt 3pt 3pt; font-family: Arial; color: rgb(0, 0, 0); font-size: 9pt; line-height: 11pt; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage<br/>of a $10,000 investment (annualized)</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">AVIP Growth Model Portfolio (Class I)</td> <td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>24</td> <td style="break-inside: avoid-page; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; vertical-align: bottom;">0.45<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 24 0.0045 <div style="line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px; margin-top: 10pt;">Key Portfolio Statistics (As of June 30, 2026)</div> <div style="margin-top: 0; margin-bottom: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">The following table outlines key Portfolio statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Net assets</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>358,840,212</td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Total number of portfolio holdings</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">19</td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding: 6pt 10pt 3pt; color: rgb(0, 0, 0); font-size: 9pt; width: 40%; text-align: left; font-family: Arial;"><div style="font-weight:bolder;display:inline;">Portfolio turnover rate</div></td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt;">10<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> 358840212 19 0.10 <div style="margin-top: 0; line-height: 12pt; font-family: 'Arial'; color: rgb(29, 57, 105); font-size: 11.52pt; font-weight: bold; margin-bottom: 3pt; letter-spacing: 0.25px;">Graphical Representation of Holdings (As of June 30, 2026)</div> <div style="margin-top: 0; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 9pt; margin-bottom: 10pt;">The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.</div> <div style="display: flex;"> <div style="width: 33%; float: left; border-right-color: rgb(0, 0, 0); border-right-style: solid; border-right-width: 0.5pt; padding-left: 0; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"><div style="padding-right: 10pt; padding-left: 0;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div> </div> <div style="padding-right: 10pt; padding-left: 0;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP S&amp;P 500<div style=";display:inline;vertical-align: super;font-size:7.4px">®</div> Index Portfolio</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">18.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP S&amp;P MidCap 400<div style=";display:inline;vertical-align: super;font-size:7.4px">®</div> Index Portfolio</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">15.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP BlackRock Advantage International Equity Portfolio</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">11.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">DFA International Core Equity Portfolio Institutional</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">9.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP BlackRock Advantage Large Cap Value Portfolio</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP AB Relative Value Portfolio</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP BlackRock Advantage Large Cap Core Portfolio</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP BlackRock Advantage Small Cap Growth Portfolio</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">DFA Emerging Markets Portfolio Institutional</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP AB Small Cap Portfolio</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> </div></div> <div style="width: 33%; float: left; border-right-color: initial; border-right-style: none; border-right-width: initial; flex-grow: 1; flex-shrink: 1; flex-basis: auto;"> <div style="padding-left: 10pt; padding-right: 0;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;">Portfolio Composition</div> </div> <div style="padding-left: 1pt; padding-right: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_114858.jpg" style="width: 172.8pt;"/> </div> </div> </div> <div style="padding-right: 10pt; padding-left: 0;"> <div style="border-bottom-width: 1pt; border-bottom-style: solid; font-family: 'Arial'; color: rgb(148, 42, 188); letter-spacing: 1.25px; text-transform: uppercase; font-size: 8pt; border-bottom-color: rgb(0, 0, 0); text-align: center; padding-bottom: 5pt; margin-bottom: 5pt; margin-top: 5pt; font-weight: bold;"><div style="font-weight:bolder;display:inline;">Top 10 Holdings</div> </div> </div> <div style="padding-right: 10pt; padding-left: 0;"> <table style="text-align:start; width: 100%; border-collapse: collapse; break-inside: avoid;"> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP S&amp;P 500<div style=";display:inline;vertical-align: super;font-size:7.4px">®</div> Index Portfolio</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">18.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP S&amp;P MidCap 400<div style=";display:inline;vertical-align: super;font-size:7.4px">®</div> Index Portfolio</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">15.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP BlackRock Advantage International Equity Portfolio</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">11.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">DFA International Core Equity Portfolio Institutional</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">9.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP BlackRock Advantage Large Cap Value Portfolio</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">7.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP AB Relative Value Portfolio</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP BlackRock Advantage Large Cap Core Portfolio</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">6.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP BlackRock Advantage Small Cap Growth Portfolio</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">4.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: 0.5pt; border-bottom-style: solid; break-inside: avoid-page; height: 20pt; border-bottom-color: rgb(0, 0, 0);"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">DFA Emerging Markets Portfolio Institutional</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> <tr style="border-bottom-width: initial; border-bottom-style: none; break-inside: avoid-page; height: 20pt; border-bottom-color: initial;"> <td style="break-inside: avoid-page; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 11pt; text-align: left; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">AVIP AB Small Cap Portfolio</td> <td style="break-inside: avoid-page; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 11pt; padding-bottom: 3pt; padding-left: 3pt; white-space: nowrap; font-family: 'Arial'; color: rgb(0, 0, 0); font-size: 8pt; line-height: 9pt;">3.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td> </tr> </table> </div> 0.189 0.15 0.11 0.091 0.07 0.06 0.06 0.04 0.03 0.03 Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher.