Shareholder Report
Jun. 30, 2026
USD ($)
Holding
Portfolio Expenses -
What were the Portfolio costs for the last six months?
(Based on a hypothetical $10,000 investment)
Portfolio (Class) |
Costs of a $10,000 Investment |
Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP Bond Portfolio (Class I) | $ 31 |
0.62 % |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets |
$ 263,503,513 |
Total number of portfolio holdings |
168 |
Portfolio turnover rate |
63 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Holdings
| QTS Fayetteville I DC1-2 LLC / QTS TRS Fayetteville I DC1-2 LLC 5.700%, 04/15/2036 | 1.4 % |
| Blackstone Private Credit Fund 6.000%, 01/29/2032 | 1.3 % |
| Bank of Nova Scotia / The 6.875%, 10/27/2085 | 1.2 % |
| Prudential Financial, Inc. 4.500%, 09/15/2047 | 1.1 % |
| Antares Holdings LP 2.750%, 01/15/2027 | 1.1 % |
| Morgan Stanley 4.892%, 10/22/2036 | 1.1 % |
| First Citizens BancShares, Inc. 5.600%, 09/05/2035 | 1.0 % |
| BGC Group, Inc. 6.150%, 04/02/2030 | 1.0 % |
| Antares Holdings LP 6.625%, 06/10/2031 | 1.0 % |
| Fifth Third Bank N.A. 5.332%, 08/25/2033 | 0.9 % |
Portfolio Composition
Sector Allocation
Top 10 Holdings
| QTS Fayetteville I DC1-2 LLC / QTS TRS Fayetteville I DC1-2 LLC 5.700%, 04/15/2036 | 1.4 % |
| Blackstone Private Credit Fund 6.000%, 01/29/2032 | 1.3 % |
| Bank of Nova Scotia / The 6.875%, 10/27/2085 | 1.2 % |
| Prudential Financial, Inc. 4.500%, 09/15/2047 | 1.1 % |
| Antares Holdings LP 2.750%, 01/15/2027 | 1.1 % |
| Morgan Stanley 4.892%, 10/22/2036 | 1.1 % |
| First Citizens BancShares, Inc. 5.600%, 09/05/2035 | 1.0 % |
| BGC Group, Inc. 6.150%, 04/02/2030 | 1.0 % |
| Antares Holdings LP 6.625%, 06/10/2031 | 1.0 % |
| Fifth Third Bank N.A. 5.332%, 08/25/2033 | 0.9 % |
Portfolio Expenses -
What were the Portfolio costs for the last six months?
(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 Investment | Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP Bond Portfolio (Class II) | $ 107(a) | 8.81 % |
(a) | Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher. |
(a) | Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher. |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 263,503,513 |
Total number of portfolio holdings | 168 |
Portfolio turnover rate | 63 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Holdings
| QTS Fayetteville I DC1-2 LLC / QTS TRS Fayetteville I DC1-2 LLC 5.700%, 04/15/2036 | 1.4 % |
| Blackstone Private Credit Fund 6.000%, 01/29/2032 | 1.3 % |
| Bank of Nova Scotia / The 6.875%, 10/27/2085 | 1.2 % |
| Prudential Financial, Inc. 4.500%, 09/15/2047 | 1.1 % |
| Antares Holdings LP 2.750%, 01/15/2027 | 1.1 % |
| Morgan Stanley 4.892%, 10/22/2036 | 1.1 % |
| First Citizens BancShares, Inc. 5.600%, 09/05/2035 | 1.0 % |
| BGC Group, Inc. 6.150%, 04/02/2030 | 1.0 % |
| Antares Holdings LP 6.625%, 06/10/2031 | 1.0 % |
| Fifth Third Bank N.A. 5.332%, 08/25/2033 | 0.9 % |
Portfolio Composition
Sector Allocation
Top 10 Holdings
| QTS Fayetteville I DC1-2 LLC / QTS TRS Fayetteville I DC1-2 LLC 5.700%, 04/15/2036 | 1.4 % |
| Blackstone Private Credit Fund 6.000%, 01/29/2032 | 1.3 % |
| Bank of Nova Scotia / The 6.875%, 10/27/2085 | 1.2 % |
| Prudential Financial, Inc. 4.500%, 09/15/2047 | 1.1 % |
| Antares Holdings LP 2.750%, 01/15/2027 | 1.1 % |
| Morgan Stanley 4.892%, 10/22/2036 | 1.1 % |
| First Citizens BancShares, Inc. 5.600%, 09/05/2035 | 1.0 % |
| BGC Group, Inc. 6.150%, 04/02/2030 | 1.0 % |
| Antares Holdings LP 6.625%, 06/10/2031 | 1.0 % |
| Fifth Third Bank N.A. 5.332%, 08/25/2033 | 0.9 % |
Portfolio Expenses -
What were the Portfolio costs for the last six months?
(Based on a hypothetical $10,000 investment)
Portfolio (Class) |
Costs of a $10,000 Investment |
Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP BlackRock Balanced Allocation Portfolio (Class I) | $ 31 |
0.59 % |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets |
$ 357,013,348 |
Total number of portfolio holdings |
255 |
Portfolio turnover rate |
43 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Holdings
| NVIDIA Corp. | 6.8 % |
| Apple, Inc. | 6.0 % |
| Microsoft Corp. | 4.0 % |
| Amazon.com, Inc. | 3.0 % |
| Alphabet, Inc. Class A | 2.9 % |
| Broadcom, Inc. | 2.2 % |
| Alphabet, Inc. Class C | 2.1 % |
| Micron Technology, Inc. | 1.7 % |
| Meta Platforms, Inc. Class A | 1.4 % |
| Applied Materials, Inc. | 1.3 % |
Portfolio Composition
Sector Allocation
Top 10 Holdings
| NVIDIA Corp. | 6.8 % |
| Apple, Inc. | 6.0 % |
| Microsoft Corp. | 4.0 % |
| Amazon.com, Inc. | 3.0 % |
| Alphabet, Inc. Class A | 2.9 % |
| Broadcom, Inc. | 2.2 % |
| Alphabet, Inc. Class C | 2.1 % |
| Micron Technology, Inc. | 1.7 % |
| Meta Platforms, Inc. Class A | 1.4 % |
| Applied Materials, Inc. | 1.3 % |
Portfolio Expenses -
What were the Portfolio costs for the last six months?
(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 Investment | Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP BlackRock Balanced Allocation Portfolio (Class II) | $ 105(a) | 8.64 % |
(a) | Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher. |
(a) | Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher. |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 357,013,348 |
Total number of portfolio holdings | 255 |
Portfolio turnover rate | 43 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Holdings
| NVIDIA Corp. | 6.8 % |
| Apple, Inc. | 6.0 % |
| Microsoft Corp. | 4.0 % |
| Amazon.com, Inc. | 3.0 % |
| Alphabet, Inc. Class A | 2.9 % |
| Broadcom, Inc. | 2.2 % |
| Alphabet, Inc. Class C | 2.1 % |
| Micron Technology, Inc. | 1.7 % |
| Meta Platforms, Inc. Class A | 1.4 % |
| Applied Materials, Inc. | 1.3 % |
Portfolio Composition
Sector Allocation
Top 10 Holdings
| NVIDIA Corp. | 6.8 % |
| Apple, Inc. | 6.0 % |
| Microsoft Corp. | 4.0 % |
| Amazon.com, Inc. | 3.0 % |
| Alphabet, Inc. Class A | 2.9 % |
| Broadcom, Inc. | 2.2 % |
| Alphabet, Inc. Class C | 2.1 % |
| Micron Technology, Inc. | 1.7 % |
| Meta Platforms, Inc. Class A | 1.4 % |
| Applied Materials, Inc. | 1.3 % |
Portfolio Expenses -
What were the Portfolio costs for the last six months?
(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 Investment | Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP BlackRock Advantage International Equity Portfolio (Class I) | $ 47 | 0.90 % |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 356,992,746 |
Total number of portfolio holdings | 339 |
Portfolio turnover rate | 56 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Country
Weightings
Weightings
| Japan | 23.6 % |
| United Kingdom | 14.3 % |
| France | 9.6 % |
| Germany | 9.3 % |
| Switzerland | 7.9 % |
| Netherlands | 7.0 % |
| Australia | 6.5 % |
| Spain | 5.1 % |
| Italy | 3.8 % |
| Sweden | 2.3 % |
Portfolio
Composition
Composition
Sector
Allocation
Allocation
Top 10 Country
Weightings
Weightings
| Japan | 23.6 % |
| United Kingdom | 14.3 % |
| France | 9.6 % |
| Germany | 9.3 % |
| Switzerland | 7.9 % |
| Netherlands | 7.0 % |
| Australia | 6.5 % |
| Spain | 5.1 % |
| Italy | 3.8 % |
| Sweden | 2.3 % |
Portfolio Expenses -
What were the Portfolio costs for the last six months?
(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 Investment | Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP BlackRock Advantage International Equity Portfolio (Class II) | $ 110(a) | 8.90 % |
(a) | Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher. |
(a) | Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher. |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 356,992,746 |
Total number of portfolio holdings | 339 |
Portfolio turnover rate | 56 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Country
Weightings
Weightings
| Japan | 23.6 % |
| United Kingdom | 14.3 % |
| France | 9.6 % |
| Germany | 9.3 % |
| Switzerland | 7.9 % |
| Netherlands | 7.0 % |
| Australia | 6.5 % |
| Spain | 5.1 % |
| Italy | 3.8 % |
| Sweden | 2.3 % |
Portfolio
Composition
Composition
Sector
Allocation
Allocation
Top 10 Country
Weightings
Weightings
| Japan | 23.6 % |
| United Kingdom | 14.3 % |
| France | 9.6 % |
| Germany | 9.3 % |
| Switzerland | 7.9 % |
| Netherlands | 7.0 % |
| Australia | 6.5 % |
| Spain | 5.1 % |
| Italy | 3.8 % |
| Sweden | 2.3 % |
®
Equity Growth Portfolio (the "Portfolio”) for the period of January 1, 2026 to June 30, 2026.
Portfolio Expenses -
What were the Portfolio costs for the last six months?
(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 Investment | Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP Fidelity Institutional AM ® Equity Growth Portfolio (Class I) | $ 38 | 0.74 % |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 247,215,726 |
Total number of portfolio holdings | 114 |
Portfolio turnover rate | 21 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Holdings
| NVIDIA Corp. | 12.7 % |
| Alphabet, Inc. Class A | 11.9 % |
| Taiwan Semiconductor Manufacturing Co. Ltd. – ADR | 5.1 % |
| Amazon.com, Inc. | 4.9 % |
| Apple, Inc. | 4.5 % |
| Micron Technology, Inc. | 4.2 % |
| Eli Lilly & Co. | 3.9 % |
| Meta Platforms, Inc. Class A | 3.2 % |
| Royalty Pharma PLC Class A | 3.1 % |
| Broadcom, Inc. | 2.8 % |
Portfolio Composition
Sector Allocation
Top 10 Holdings
| NVIDIA Corp. | 12.7 % |
| Alphabet, Inc. Class A | 11.9 % |
| Taiwan Semiconductor Manufacturing Co. Ltd. – ADR | 5.1 % |
| Amazon.com, Inc. | 4.9 % |
| Apple, Inc. | 4.5 % |
| Micron Technology, Inc. | 4.2 % |
| Eli Lilly & Co. | 3.9 % |
| Meta Platforms, Inc. Class A | 3.2 % |
| Royalty Pharma PLC Class A | 3.1 % |
| Broadcom, Inc. | 2.8 % |
Portfolio Expenses -
What were the Portfolio costs for the last six months?
(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 Investment | Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP AB Small Cap Portfolio (Class I) | $ 46 | 0.82 % |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 314,649,789 |
Total number of portfolio holdings | 529 |
Portfolio turnover rate | 55 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Holdings
| BrightSpring Health Services, Inc. | 1.2 % |
| ESCO Technologies, Inc. | 1.1 % |
| Ultra Clean Holdings, Inc. | 1.0 % |
| Moog, Inc. Class A | 1.0 % |
| Glaukos Corp. | 1.0 % |
| Element Solutions, Inc. | 0.9 % |
| Chefs' Warehouse, Inc. / The | 0.9 % |
| Enpro, Inc. | 0.9 % |
| Everus Construction Group, Inc. | 0.8 % |
| FormFactor, Inc. | 0.8 % |
Portfolio Composition
Sector Allocation
Top 10 Holdings
| BrightSpring Health Services, Inc. | 1.2 % |
| ESCO Technologies, Inc. | 1.1 % |
| Ultra Clean Holdings, Inc. | 1.0 % |
| Moog, Inc. Class A | 1.0 % |
| Glaukos Corp. | 1.0 % |
| Element Solutions, Inc. | 0.9 % |
| Chefs' Warehouse, Inc. / The | 0.9 % |
| Enpro, Inc. | 0.9 % |
| Everus Construction Group, Inc. | 0.8 % |
| FormFactor, Inc. | 0.8 % |
Portfolio Expenses -
What were the Portfolio costs for the last six months?
(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 Investment | Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP AB Mid Cap Core Portfolio (Class I) | $ 49 | 0.91 % |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 106,605,248 |
Total number of portfolio holdings | 626 |
Portfolio turnover rate | 45 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Holdings
| TechnipFMC PLC | 0.9 % |
| BrightSpring Health Services, Inc. | 0.8 % |
| Carpenter Technology Corp. | 0.7 % |
| U.S. Foods Holding Corp. | 0.7 % |
| BorgWarner, Inc. | 0.6 % |
| SiTime Corp. | 0.6 % |
| Sterling Infrastructure, Inc. | 0.6 % |
| F5, Inc. | 0.6 % |
| FormFactor, Inc. | 0.6 % |
| Reliance, Inc. | 0.6 % |
Portfolio Composition
Sector Allocation
Top 10 Holdings
| TechnipFMC PLC | 0.9 % |
| BrightSpring Health Services, Inc. | 0.8 % |
| Carpenter Technology Corp. | 0.7 % |
| U.S. Foods Holding Corp. | 0.7 % |
| BorgWarner, Inc. | 0.6 % |
| SiTime Corp. | 0.6 % |
| Sterling Infrastructure, Inc. | 0.6 % |
| F5, Inc. | 0.6 % |
| FormFactor, Inc. | 0.6 % |
| Reliance, Inc. | 0.6 % |
Portfolio Expenses -
What were the Portfolio costs for the last six
months
?(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 Investment | Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP AB Mid Cap Core Portfolio (Class II) | $ 110(a) | 8.81 % |
(a) | Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher. |
(a) | Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher. |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 106,605,248 |
Total number of portfolio holdings | 626 |
Portfolio turnover rate | 45 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Holdings
| TechnipFMC PLC | 0.9 % |
| BrightSpring Health Services, Inc. | 0.8 % |
| Carpenter Technology Corp. | 0.7 % |
| U.S. Foods Holding Corp. | 0.7 % |
| BorgWarner, Inc. | 0.6 % |
| SiTime Corp. | 0.6 % |
| Sterling Infrastructure, Inc. | 0.6 % |
| F5, Inc. | 0.6 % |
| FormFactor, Inc. | 0.6 % |
| Reliance, Inc. | 0.6 % |
Portfolio Composition
Sector Allocation
Top 10 Holdings
| TechnipFMC PLC | 0.9 % |
| BrightSpring Health Services, Inc. | 0.8 % |
| Carpenter Technology Corp. | 0.7 % |
| U.S. Foods Holding Corp. | 0.7 % |
| BorgWarner, Inc. | 0.6 % |
| SiTime Corp. | 0.6 % |
| Sterling Infrastructure, Inc. | 0.6 % |
| F5, Inc. | 0.6 % |
| FormFactor, Inc. | 0.6 % |
| Reliance, Inc. | 0.6 % |
Portfolio Expenses -
What were the Portfolio costs for the last six months?
(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 Investment | Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP S&P 500 ® Index Portfolio (Class I) | $ 20 | 0.38 % |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 1,196,943,055 |
Total number of portfolio holdings | 505 |
Portfolio turnover rate | 2 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Holdings
| NVIDIA Corp. | 7.5 % |
| Apple, Inc. | 6.5 % |
| Microsoft Corp. | 4.3 % |
| Amazon.com, Inc. | 3.6 % |
| Alphabet, Inc. Class A | 3.2 % |
| Broadcom, Inc. | 2.8 % |
| Alphabet, Inc. Class C | 2.6 % |
| Micron Technology, Inc. | 2.0 % |
| Meta Platforms, Inc. Class A | 1.9 % |
| Tesla, Inc. | 1.8 % |
Portfolio Composition
Sector Allocation
Top 10 Holdings
| NVIDIA Corp. | 7.5 % |
| Apple, Inc. | 6.5 % |
| Microsoft Corp. | 4.3 % |
| Amazon.com, Inc. | 3.6 % |
| Alphabet, Inc. Class A | 3.2 % |
| Broadcom, Inc. | 2.8 % |
| Alphabet, Inc. Class C | 2.6 % |
| Micron Technology, Inc. | 2.0 % |
| Meta Platforms, Inc. Class A | 1.9 % |
| Tesla, Inc. | 1.8 % |
Portfolio Expenses -
What were the Portfolio costs for the last six months?
(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 Investment | Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP S&P 500 ® Index Portfolio (Class II) | $ 102(a) | 8.42 % |
(a) | Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher. |
(a) | Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher. |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 1,196,943,055 |
Total number of portfolio holdings | 505 |
Portfolio turnover rate | 2 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Holdings
| NVIDIA Corp. | 7.5 % |
| Apple, Inc. | 6.5 % |
| Microsoft Corp. | 4.3 % |
| Amazon.com, Inc. | 3.6 % |
| Alphabet, Inc. Class A | 3.2 % |
| Broadcom, Inc. | 2.8 % |
| Alphabet, Inc. Class C | 2.6 % |
| Micron Technology, Inc. | 2.0 % |
| Meta Platforms, Inc. Class A | 1.9 % |
| Tesla, Inc. | 1.8 % |
Portfolio Composition
Sector Allocation
Top 10 Holdings
| NVIDIA Corp. | 7.5 % |
| Apple, Inc. | 6.5 % |
| Microsoft Corp. | 4.3 % |
| Amazon.com, Inc. | 3.6 % |
| Alphabet, Inc. Class A | 3.2 % |
| Broadcom, Inc. | 2.8 % |
| Alphabet, Inc. Class C | 2.6 % |
| Micron Technology, Inc. | 2.0 % |
| Meta Platforms, Inc. Class A | 1.9 % |
| Tesla, Inc. | 1.8 % |
Portfolio Expenses -
What were the Portfolio costs for the last six months?
(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 Investment | Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP BlackRock Advantage Large Cap Value Portfolio (Class I) | $ 41 | 0.75 % |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 193,501,133 |
Total number of portfolio holdings | 206 |
Portfolio turnover rate | 48 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Holdings
| Amazon.com, Inc. | 5.7 % |
| Apple, Inc. | 5.0 % |
| Microsoft Corp. | 4.1 % |
| JPMorgan Chase & Co. | 2.9 % |
| Berkshire Hathaway, Inc. Class B | 2.4 % |
| Bank of America Corp. | 2.0 % |
| Exxon Mobil Corp. | 1.8 % |
| Procter & Gamble Co. / The | 1.6 % |
| Intel Corp. | 1.6 % |
| Morgan Stanley | 1.4 % |
Portfolio Composition
Sector Allocation
Top 10 Holdings
| Amazon.com, Inc. | 5.7 % |
| Apple, Inc. | 5.0 % |
| Microsoft Corp. | 4.1 % |
| JPMorgan Chase & Co. | 2.9 % |
| Berkshire Hathaway, Inc. Class B | 2.4 % |
| Bank of America Corp. | 2.0 % |
| Exxon Mobil Corp. | 1.8 % |
| Procter & Gamble Co. / The | 1.6 % |
| Intel Corp. | 1.6 % |
| Morgan Stanley | 1.4 % |
Portfolio
Expenses
- What were the Portfolio costs for the last six months?
(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 Investment | Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP BlackRock Advantage Large Cap Value Portfolio (Class II) | $ 108(a) | 8.71 % |
(a) | Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher. |
(a) | Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher. |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 193,501,133 |
Total number of portfolio holdings | 206 |
Portfolio turnover rate | 48 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Holdings
| Amazon.com, Inc. | 5.7 % |
| Apple, Inc. | 5.0 % |
| Microsoft Corp. | 4.1 % |
| JPMorgan Chase & Co. | 2.9 % |
| Berkshire Hathaway, Inc. Class B | 2.4 % |
| Bank of America Corp. | 2.0 % |
| Exxon Mobil Corp. | 1.8 % |
| Procter & Gamble Co. / The | 1.6 % |
| Intel Corp. | 1.6 % |
| Morgan Stanley | 1.4 % |
Portfolio Composition
Sector Allocation
Top 10 Holdings
| Amazon.com, Inc. | 5.7 % |
| Apple, Inc. | 5.0 % |
| Microsoft Corp. | 4.1 % |
| JPMorgan Chase & Co. | 2.9 % |
| Berkshire Hathaway, Inc. Class B | 2.4 % |
| Bank of America Corp. | 2.0 % |
| Exxon Mobil Corp. | 1.8 % |
| Procter & Gamble Co. / The | 1.6 % |
| Intel Corp. | 1.6 % |
| Morgan Stanley | 1.4 % |
Portfolio Expenses -
What were the Portfolio costs for the last six months?
(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 Investment | Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP High Income Bond Portfolio (Class I) | $ 44 | 0.88 % |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 117,216,844 |
Total number of portfolio holdings | 194 |
Portfolio turnover rate | 30 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Holdings
| Ally Financial, Inc. 7.100% | 1.7 % |
| Citigroup, Inc. 6.500% | 1.7 % |
| Antares Holdings LP 6.625%, 06/10/2031 | 1.7 % |
| Goldman Sachs Private Credit Corp. 5.375%, 01/31/2029 | 1.7 % |
| Apollo Debt Solutions BDC 6.550%, 03/15/2032 | 1.5 % |
| Synchrony Financial 7.250% | 1.4 % |
| SLM Corp. 6.495%, 05/15/2032 | 1.3 % |
| Blackstone Private Credit Fund 6.000%, 11/22/2034 | 1.2 % |
| Oaktree Strategic Credit Fund 6.500%, 07/23/2029 | 1.1 % |
| Valley National Bancorp 6.219%, 06/01/2036 | 1.1 % |
Portfolio Composition
Sector Allocation
Top 10 Holdings
| Ally Financial, Inc. 7.100% | 1.7 % |
| Citigroup, Inc. 6.500% | 1.7 % |
| Antares Holdings LP 6.625%, 06/10/2031 | 1.7 % |
| Goldman Sachs Private Credit Corp. 5.375%, 01/31/2029 | 1.7 % |
| Apollo Debt Solutions BDC 6.550%, 03/15/2032 | 1.5 % |
| Synchrony Financial 7.250% | 1.4 % |
| SLM Corp. 6.495%, 05/15/2032 | 1.3 % |
| Blackstone Private Credit Fund 6.000%, 11/22/2034 | 1.2 % |
| Oaktree Strategic Credit Fund 6.500%, 07/23/2029 | 1.1 % |
| Valley National Bancorp 6.219%, 06/01/2036 | 1.1 % |
Portfolio Expenses -
What were the Portfolio costs for the last six
months
?(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 Investment | Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP High Income Bond Portfolio (Class II) | $ 109(a) | 8.99 % |
(a) | Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher. |
(a) | Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher. |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 117,216,844 |
Total number of portfolio holdings | 194 |
Portfolio turnover rate | 30 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Holdings
| Ally Financial, Inc. 7.100% | 1.7 % |
| Citigroup, Inc. 6.500% | 1.7 % |
| Antares Holdings LP 6.625%, 06/10/2031 | 1.7 % |
| Goldman Sachs Private Credit Corp. 5.375%, 01/31/2029 | 1.7 % |
| Apollo Debt Solutions BDC 6.550%, 03/15/2032 | 1.5 % |
| Synchrony Financial 7.250% | 1.4 % |
| SLM Corp. 6.495%, 05/15/2032 | 1.3 % |
| Blackstone Private Credit Fund 6.000%, 11/22/2034 | 1.2 % |
| Oaktree Strategic Credit Fund 6.500%, 07/23/2029 | 1.1 % |
| Valley National Bancorp 6.219%, 06/01/2036 | 1.1 % |
Portfolio Composition
Sector Allocation
Top 10 Holdings
| Ally Financial, Inc. 7.100% | 1.7 % |
| Citigroup, Inc. 6.500% | 1.7 % |
| Antares Holdings LP 6.625%, 06/10/2031 | 1.7 % |
| Goldman Sachs Private Credit Corp. 5.375%, 01/31/2029 | 1.7 % |
| Apollo Debt Solutions BDC 6.550%, 03/15/2032 | 1.5 % |
| Synchrony Financial 7.250% | 1.4 % |
| SLM Corp. 6.495%, 05/15/2032 | 1.3 % |
| Blackstone Private Credit Fund 6.000%, 11/22/2034 | 1.2 % |
| Oaktree Strategic Credit Fund 6.500%, 07/23/2029 | 1.1 % |
| Valley National Bancorp 6.219%, 06/01/2036 | 1.1 % |
Portfolio Expenses -
What were the Portfolio costs for the last six months?
(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 Investment | Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP Nasdaq-100 ® Index Portfolio (Class I) | $ 24 | 0.44 % |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 284,540,666 |
Total number of portfolio holdings | 102 |
Portfolio turnover rate | 7 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Holdings
| NVIDIA Corp. | 7.7 % |
| Apple, Inc. | 6.7 % |
| Micron Technology, Inc. | 5.7 % |
| Microsoft Corp. | 4.3 % |
| Advanced Micro Devices, Inc. | 4.2 % |
| Amazon.com, Inc. | 4.0 % |
| Tesla, Inc. | 3.4 % |
| Alphabet, Inc. Class A | 3.3 % |
| Intel Corp. | 3.1 % |
| Alphabet, Inc. Class C | 3.0 % |
Portfolio Composition
Sector Allocation
Top 10 Holdings
| NVIDIA Corp. | 7.7 % |
| Apple, Inc. | 6.7 % |
| Micron Technology, Inc. | 5.7 % |
| Microsoft Corp. | 4.3 % |
| Advanced Micro Devices, Inc. | 4.2 % |
| Amazon.com, Inc. | 4.0 % |
| Tesla, Inc. | 3.4 % |
| Alphabet, Inc. Class A | 3.3 % |
| Intel Corp. | 3.1 % |
| Alphabet, Inc. Class C | 3.0 % |
Portfolio Expenses -
What were the Portfolio costs for the last six months?
(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 Investment | Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP Nasdaq-100 ® Index Portfolio (Class II) | $ 102(a) | 8.26 % |
(a) | Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher. |
(a) | Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher. |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 284,540,666 |
Total number of portfolio holdings | 102 |
Portfolio turnover rate | 7 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Holdings
| NVIDIA Corp. | 7.7 % |
| Apple, Inc. | 6.7 % |
| Micron Technology, Inc. | 5.7 % |
| Microsoft Corp. | 4.3 % |
| Advanced Micro Devices, Inc. | 4.2 % |
| Amazon.com, Inc. | 4.0 % |
| Tesla, Inc. | 3.4 % |
| Alphabet, Inc. Class A | 3.3 % |
| Intel Corp. | 3.1 % |
| Alphabet, Inc. Class C | 3.0 % |
Portfolio Composition
Sector Allocation
Top 10 Holdings
| NVIDIA Corp. | 7.7 % |
| Apple, Inc. | 6.7 % |
| Micron Technology, Inc. | 5.7 % |
| Microsoft Corp. | 4.3 % |
| Advanced Micro Devices, Inc. | 4.2 % |
| Amazon.com, Inc. | 4.0 % |
| Tesla, Inc. | 3.4 % |
| Alphabet, Inc. Class A | 3.3 % |
| Intel Corp. | 3.1 % |
| Alphabet, Inc. Class C | 3.0 % |
Portfolio Expenses -
What were the Portfolio costs for the last six months?
(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 Investment | Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP BlackRock Advantage Large Cap Core Portfolio (Class I) | $ 37 | 0.70 % |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 333,573,681 |
Total number of portfolio holdings | 143 |
Portfolio turnover rate | 33 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Holdings
| NVIDIA Corp. | 8.8 % |
| Apple, Inc. | 7.9 % |
| Microsoft Corp. | 5.1 % |
| Amazon.com, Inc. | 4.0 % |
| Alphabet, Inc. Class A | 3.7 % |
| Broadcom, Inc. | 2.9 % |
| Alphabet, Inc. Class C | 2.8 % |
| Micron Technology, Inc. | 2.3 % |
| Meta Platforms, Inc. Class A | 2.0 % |
| Applied Materials, Inc. | 1.8 % |
Portfolio Composition
Sector Allocation
Top 10 Holdings
| NVIDIA Corp. | 8.8 % |
| Apple, Inc. | 7.9 % |
| Microsoft Corp. | 5.1 % |
| Amazon.com, Inc. | 4.0 % |
| Alphabet, Inc. Class A | 3.7 % |
| Broadcom, Inc. | 2.9 % |
| Alphabet, Inc. Class C | 2.8 % |
| Micron Technology, Inc. | 2.3 % |
| Meta Platforms, Inc. Class A | 2.0 % |
| Applied Materials, Inc. | 1.8 % |
Portfolio Expenses -
What were the Portfolio costs for the last six months?
(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 Investment | Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP BlackRock Advantage Large Cap Core Portfolio (Class II) | $ 106(a) | 8.71 % |
(a) | Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher. |
(a) | Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher. |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 333,573,681 |
Total number of portfolio holdings | 143 |
Portfolio turnover rate | 33 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Holdings
| NVIDIA Corp. | 8.8 % |
| Apple, Inc. | 7.9 % |
| Microsoft Corp. | 5.1 % |
| Amazon.com, Inc. | 4.0 % |
| Alphabet, Inc. Class A | 3.7 % |
| Broadcom, Inc. | 2.9 % |
| Alphabet, Inc. Class C | 2.8 % |
| Micron Technology, Inc. | 2.3 % |
| Meta Platforms, Inc. Class A | 2.0 % |
| Applied Materials, Inc. | 1.8 % |
Portfolio Composition
Sector Allocation
Top 10 Holdings
| NVIDIA Corp. | 8.8 % |
| Apple, Inc. | 7.9 % |
| Microsoft Corp. | 5.1 % |
| Amazon.com, Inc. | 4.0 % |
| Alphabet, Inc. Class A | 3.7 % |
| Broadcom, Inc. | 2.9 % |
| Alphabet, Inc. Class C | 2.8 % |
| Micron Technology, Inc. | 2.3 % |
| Meta Platforms, Inc. Class A | 2.0 % |
| Applied Materials, Inc. | 1.8 % |
Portfolio Expenses -
What were the Portfolio costs for the last six months?
(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 Investment | Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP BlackRock Advantage Small Cap Growth Portfolio (Class I) | $ 50 | 0.91 % |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 136,853,208 |
Total number of portfolio holdings | 600 |
Portfolio turnover rate | 92 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Holdings
| Moog, Inc. Class A | 0.8 % |
| EnerSys | 0.8 % |
| MaxLinear, Inc. | 0.7 % |
| Argan, Inc. | 0.7 % |
| Plexus Corp. | 0.7 % |
| ESCO Technologies, Inc. | 0.7 % |
| Enova International, Inc. | 0.7 % |
| Kulicke & Soffa Industries, Inc. | 0.6 % |
| StoneX Group, Inc. | 0.6 % |
| Silicon Laboratories, Inc. | 0.6 % |
Portfolio Composition
Sector Allocation
Top 10 Holdings
| Moog, Inc. Class A | 0.8 % |
| EnerSys | 0.8 % |
| MaxLinear, Inc. | 0.7 % |
| Argan, Inc. | 0.7 % |
| Plexus Corp. | 0.7 % |
| ESCO Technologies, Inc. | 0.7 % |
| Enova International, Inc. | 0.7 % |
| Kulicke & Soffa Industries, Inc. | 0.6 % |
| StoneX Group, Inc. | 0.6 % |
| Silicon Laboratories, Inc. | 0.6 % |
®
Index Portfolio (the "Portfolio”) for the period of January 1, 2026 to June 30, 2026.
Portfolio Expenses -
What were the Portfolio co
sts
for the las
t six mon
ths?(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 In vest ment | Costs paid as a percentage of a $10,000 investment (ann u alized) |
| AVIP S&P MidCap 400 ® Index Portfolio (Class I) | $ 22 | 0.41 % |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 541,427,503 |
Total number of portfolio holdings | 404 |
Portfolio turnover rate | 8 % |
Graphical Representation of Holdings (As of June 30, 20
2
6)The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net as
se
ts of the Portfolio.Top 10 Holdings
| Twilio, Inc. Class A | 0.9 % |
| Carpenter Technology Corp. | 0.9 % |
| MKS, Inc. | 0.8 % |
| Curtiss-Wright Corp. | 0.8 % |
| nVent Electric PLC | 0.8 % |
| Entegris, Inc. | 0.8 % |
| ATI, Inc. | 0.7 % |
| Illumina, Inc. | 0.7 % |
| TechnipFMC PLC | 0.7 % |
| Sterling Infrastructure, Inc. | 0.7 % |
Portfolio Composition
Sector Allocation
Top 10 Holdings
| Twilio, Inc. Class A | 0.9 % |
| Carpenter Technology Corp. | 0.9 % |
| MKS, Inc. | 0.8 % |
| Curtiss-Wright Corp. | 0.8 % |
| nVent Electric PLC | 0.8 % |
| Entegris, Inc. | 0.8 % |
| ATI, Inc. | 0.7 % |
| Illumina, Inc. | 0.7 % |
| TechnipFMC PLC | 0.7 % |
| Sterling Infrastructure, Inc. | 0.7 % |
Portfolio Expenses -
What were the Portfolio costs for the last six
months
?(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 Investment | Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP S&P MidCap 400 ® Index Portfolio (Class II) | $ 106(a) | 8.48 % |
(a) | Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher. |
(a) | Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher. |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 541,427,503 |
Total number of portfolio holdings | 404 |
Portfolio turnover rate | 8 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the ne
t asse
ts of the Portfolio.Top 10 Holdings
| Twilio, Inc. Class A | 0.9 % |
| Carpenter Technology Corp. | 0.9 % |
| MKS, Inc. | 0.8 % |
| Curtiss-Wright Corp. | 0.8 % |
| nVent Electric PLC | 0.8 % |
| Entegris, Inc. | 0.8 % |
| ATI, Inc. | 0.7 % |
| Illumina, Inc. | 0.7 % |
| TechnipFMC PLC | 0.7 % |
| Sterling Infrastructure, Inc. | 0.7 % |
Portfolio Composition
Sector Allocation
Top 10 Holdings
| Twilio, Inc. Class A | 0.9 % |
| Carpenter Technology Corp. | 0.9 % |
| MKS, Inc. | 0.8 % |
| Curtiss-Wright Corp. | 0.8 % |
| nVent Electric PLC | 0.8 % |
| Entegris, Inc. | 0.8 % |
| ATI, Inc. | 0.7 % |
| Illumina, Inc. | 0.7 % |
| TechnipFMC PLC | 0.7 % |
| Sterling Infrastructure, Inc. | 0.7 % |
Portfolio Expenses -
What were the Portfolio costs for the last six months?
(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 Investment | Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP BlackRock Advantage Large Cap Growth Portfolio (Class I) | $ 37 | 0.71 % |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 461,383,142 |
Total number of portfolio holdings | 93 |
Portfolio turnover rate | 35 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Holdings
| NVIDIA Corp. | 10.5 % |
| Apple, Inc. | 10.0 % |
| Microsoft Corp. | 7.1 % |
| Broadcom, Inc. | 5.7 % |
| Amazon.com, Inc. | 4.9 % |
| Alphabet, Inc. Class A | 3.9 % |
| Advanced Micro Devices, Inc. | 3.7 % |
| Alphabet, Inc. Class C | 3.4 % |
| Meta Platforms, Inc. Class A | 3.3 % |
| Tesla, Inc. | 3.2 % |
Portfolio Composition
Sector Allocation
Top 10 Holdings
| NVIDIA Corp. | 10.5 % |
| Apple, Inc. | 10.0 % |
| Microsoft Corp. | 7.1 % |
| Broadcom, Inc. | 5.7 % |
| Amazon.com, Inc. | 4.9 % |
| Alphabet, Inc. Class A | 3.9 % |
| Advanced Micro Devices, Inc. | 3.7 % |
| Alphabet, Inc. Class C | 3.4 % |
| Meta Platforms, Inc. Class A | 3.3 % |
| Tesla, Inc. | 3.2 % |
Portfolio Expenses -
What were the Portfolio costs for the last six
months
?(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 Investment | Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP BlackRock Advantage Large Cap Growth Portfolio (Class II) | $ 105(a) | 8.71 % |
(a) | Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher. |
(a) | Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher. |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 461,383,142 |
Total number of portfolio holdings | 93 |
Portfolio turnover rate | 35 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Holdings
| NVIDIA Corp. | 10.5 % |
| Apple, Inc. | 10.0 % |
| Microsoft Corp. | 7.1 % |
| Broadcom, Inc. | 5.7 % |
| Amazon.com, Inc. | 4.9 % |
| Alphabet, Inc. Class A | 3.9 % |
| Advanced Micro Devices, Inc. | 3.7 % |
| Alphabet, Inc. Class C | 3.4 % |
| Meta Platforms, Inc. Class A | 3.3 % |
| Tesla, Inc. | 3.2 % |
Portfolio Composition
Sector Allocation
Top 10 Holdings
| NVIDIA Corp. | 10.5 % |
| Apple, Inc. | 10.0 % |
| Microsoft Corp. | 7.1 % |
| Broadcom, Inc. | 5.7 % |
| Amazon.com, Inc. | 4.9 % |
| Alphabet, Inc. Class A | 3.9 % |
| Advanced Micro Devices, Inc. | 3.7 % |
| Alphabet, Inc. Class C | 3.4 % |
| Meta Platforms, Inc. Class A | 3.3 % |
| Tesla, Inc. | 3.2 % |
Portfolio Expenses -
What were the Portfolio costs for the last six months?
(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 Investment | Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP Constellation Dynamic Risk Balanced Portfolio (Class I) | $ 43 | 0.83 % |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 1,489,932,173 |
Total number of portfolio holdings | 135 |
Portfolio turnover rate | 9 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Holdings
| Vanguard S&P 500 ETF | 25.3 % |
| iShares Core S&P 500 ETF | 22.0 % |
| Vanguard Intermediate-Term Corporate Bond ETF | 7.1 % |
| Vanguard Total Stock Market ETF | 6.6 % |
| iShares Core S&P Total U.S. Stock Market ETF | 6.4 % |
| iShares MBS ETF | 3.1 % |
| Invesco QQQ Trust Series 1 ETF | 2.4 % |
| U.S. Treasury Bond 4.625%, 02/15/2055 | 1.7 % |
| U.S. Treasury Bond 4.750%, 05/15/2055 | 1.2 % |
| U.S. Treasury Bond 3.250%, 05/15/2042 | 1.1 % |
Portfolio Composition
Sector Allocation
Top 10 Holdings
| Vanguard S&P 500 ETF | 25.3 % |
| iShares Core S&P 500 ETF | 22.0 % |
| Vanguard Intermediate-Term Corporate Bond ETF | 7.1 % |
| Vanguard Total Stock Market ETF | 6.6 % |
| iShares Core S&P Total U.S. Stock Market ETF | 6.4 % |
| iShares MBS ETF | 3.1 % |
| Invesco QQQ Trust Series 1 ETF | 2.4 % |
| U.S. Treasury Bond 4.625%, 02/15/2055 | 1.7 % |
| U.S. Treasury Bond 4.750%, 05/15/2055 | 1.2 % |
| U.S. Treasury Bond 3.250%, 05/15/2042 | 1.1 % |
Portfolio Expenses -
What were the Portfolio costs for the last six months?
(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 Investment | Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP Constellation Dynamic Risk Balanced Portfolio (Class II) | $ 109(a) | 8.94 % |
(a) | Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher. |
(a) | Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher. |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 1,489,932,173 |
Total number of portfolio holdings | 135 |
Portfolio turnover rate | 9 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Holdings
| Vanguard S&P 500 ETF | 25.3 % |
| iShares Core S&P 500 ETF | 22.0 % |
| Vanguard Intermediate-Term Corporate Bond ETF | 7.1 % |
| Vanguard Total Stock Market ETF | 6.6 % |
| iShares Core S&P Total U.S. Stock Market ETF | 6.4 % |
| iShares MBS ETF | 3.1 % |
| Invesco QQQ Trust Series 1 ETF | 2.4 % |
| U.S. Treasury Bond 4.625%, 02/15/2055 | 1.7 % |
| U.S. Treasury Bond 4.750%, 05/15/2055 | 1.2 % |
| U.S. Treasury Bond 3.250%, 05/15/2042 | 1.1 % |
Portfolio Composition
Sector Allocation
Top 10 Holdings
| Vanguard S&P 500 ETF | 25.3 % |
| iShares Core S&P 500 ETF | 22.0 % |
| Vanguard Intermediate-Term Corporate Bond ETF | 7.1 % |
| Vanguard Total Stock Market ETF | 6.6 % |
| iShares Core S&P Total U.S. Stock Market ETF | 6.4 % |
| iShares MBS ETF | 3.1 % |
| Invesco QQQ Trust Series 1 ETF | 2.4 % |
| U.S. Treasury Bond 4.625%, 02/15/2055 | 1.7 % |
| U.S. Treasury Bond 4.750%, 05/15/2055 | 1.2 % |
| U.S. Treasury Bond 3.250%, 05/15/2042 | 1.1 % |
Portfolio Expenses -
What were the Portfolio costs for the last six months?
(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 Investment | Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP Core Plus Bond Portfolio (Class I) | $ 29 | 0.59 % |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 502,418,047 |
Total number of portfolio holdings | 606 |
Portfolio turnover rate | 44 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Holdings
| U.S. Treasury Note 4.125%, 03/31/2032 | 6.1 % |
| U.S. Treasury Bond 4.250%, 08/15/2054 | 2.5 % |
| Palmer Square CLO 2023-3A AR TSFR3M + 122, 01/20/2039 | 1.5 % |
| Madison Park Funding LXI Ltd. 2023-61A AR TSFR3M + 122, 01/20/2039 | 1.5 % |
| Diameter Capital CLO 4 Ltd. 2022-4A ARR TSFR3M + 123, 01/15/2039 | 1.5 % |
| AB BSL CLO 7 Ltd. 2025-7A A1 TSFR3M + 123, 01/15/2039 | 1.5 % |
| Pikes Peak CLO 2026-22A A1 TSFR3M + 119, 04/20/2039 | 1.5 % |
| Regatta XVI Funding Ltd. 2019-2A A1R2 TSFR3M + 119, 04/15/2039 | 1.5 % |
| MidOcean Credit CLO XIII Ltd. 2023-13A AR1 TSFR3M + 120, 01/21/2039 | 1.5 % |
| ARES Loan Funding I Ltd. 2021-ALFA AR TSFR3M + 117, 04/15/2039 | 1.5 % |
Portfolio Composition
Sector Allocation
Top 10 Holdings
| U.S. Treasury Note 4.125%, 03/31/2032 | 6.1 % |
| U.S. Treasury Bond 4.250%, 08/15/2054 | 2.5 % |
| Palmer Square CLO 2023-3A AR TSFR3M + 122, 01/20/2039 | 1.5 % |
| Madison Park Funding LXI Ltd. 2023-61A AR TSFR3M + 122, 01/20/2039 | 1.5 % |
| Diameter Capital CLO 4 Ltd. 2022-4A ARR TSFR3M + 123, 01/15/2039 | 1.5 % |
| AB BSL CLO 7 Ltd. 2025-7A A1 TSFR3M + 123, 01/15/2039 | 1.5 % |
| Pikes Peak CLO 2026-22A A1 TSFR3M + 119, 04/20/2039 | 1.5 % |
| Regatta XVI Funding Ltd. 2019-2A A1R2 TSFR3M + 119, 04/15/2039 | 1.5 % |
| MidOcean Credit CLO XIII Ltd. 2023-13A AR1 TSFR3M + 120, 01/21/2039 | 1.5 % |
| ARES Loan Funding I Ltd. 2021-ALFA AR TSFR3M + 117, 04/15/2039 | 1.5 % |
Portfolio Expenses -
What were the Portfolio costs for the last six months?
(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 Investment | Costs paid as a percentageof a $10,000 investment (annualized) |
| AVIP Core Plus Bond Portfolio (Class II) | $ 107(a) | 8.80 % |
(a) | Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher. |
(a) | Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher. |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 502,418,047 |
Total number of portfolio holdings | 606 |
Portfolio turnover rate | 44 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Holdings
| U.S. Treasury Note 4.125%, 03/31/2032 | 6.1 % |
| U.S. Treasury Bond 4.250%, 08/15/2054 | 2.5 % |
| Palmer Square CLO 2023-3A AR TSFR3M + 122, 01/20/2039 | 1.5 % |
| Madison Park Funding LXI Ltd. 2023-61A AR TSFR3M + 122, 01/20/2039 | 1.5 % |
| Diameter Capital CLO 4 Ltd. 2022-4A ARR TSFR3M + 123, 01/15/2039 | 1.5 % |
| AB BSL CLO 7 Ltd. 2025-7A A1 TSFR3M + 123, 01/15/2039 | 1.5 % |
| Pikes Peak CLO 2026-22A A1 TSFR3M + 119, 04/20/2039 | 1.5 % |
| Regatta XVI Funding Ltd. 2019-2A A1R2 TSFR3M + 119, 04/15/2039 | 1.5 % |
| MidOcean Credit CLO XIII Ltd. 2023-13A AR1 TSFR3M + 120, 01/21/2039 | 1.5 % |
| ARES Loan Funding I Ltd. 2021-ALFA AR TSFR3M + 117, 04/15/2039 | 1.5 % |
Portfolio Composition
Sector Allocation
Top 10 Holdings
| U.S. Treasury Note 4.125%, 03/31/2032 | 6.1 % |
| U.S. Treasury Bond 4.250%, 08/15/2054 | 2.5 % |
| Palmer Square CLO 2023-3A AR TSFR3M + 122, 01/20/2039 | 1.5 % |
| Madison Park Funding LXI Ltd. 2023-61A AR TSFR3M + 122, 01/20/2039 | 1.5 % |
| Diameter Capital CLO 4 Ltd. 2022-4A ARR TSFR3M + 123, 01/15/2039 | 1.5 % |
| AB BSL CLO 7 Ltd. 2025-7A A1 TSFR3M + 123, 01/15/2039 | 1.5 % |
| Pikes Peak CLO 2026-22A A1 TSFR3M + 119, 04/20/2039 | 1.5 % |
| Regatta XVI Funding Ltd. 2019-2A A1R2 TSFR3M + 119, 04/15/2039 | 1.5 % |
| MidOcean Credit CLO XIII Ltd. 2023-13A AR1 TSFR3M + 120, 01/21/2039 | 1.5 % |
| ARES Loan Funding I Ltd. 2021-ALFA AR TSFR3M + 117, 04/15/2039 | 1.5 % |
Portfolio Expenses -
What were the Portfolio costs for the last six months?
(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 Investment | Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP Intech U.S. Low Volatility Portfolio (Class I) | $ 31 | 0.62 % |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 525,134,055 |
Total number of portfolio holdings | 185 |
Portfolio turnover rate | 47 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Holdings
| NVIDIA Corp. | 7.1 % |
| Apple, Inc. | 6.1 % |
| Microsoft Corp. | 3.8 % |
| Amazon.com, Inc. | 2.9 % |
| Alphabet, Inc. Class A | 2.6 % |
| Broadcom, Inc. | 2.4 % |
| Alphabet, Inc. Class C | 2.1 % |
| Meta Platforms, Inc. Class A | 1.3 % |
| Consolidated Edison, Inc. | 1.1 % |
| Micron Technology, Inc. | 1.1 % |
Portfolio Composition
Sector Allocation
Top 10 Holdings
| NVIDIA Corp. | 7.1 % |
| Apple, Inc. | 6.1 % |
| Microsoft Corp. | 3.8 % |
| Amazon.com, Inc. | 2.9 % |
| Alphabet, Inc. Class A | 2.6 % |
| Broadcom, Inc. | 2.4 % |
| Alphabet, Inc. Class C | 2.1 % |
| Meta Platforms, Inc. Class A | 1.3 % |
| Consolidated Edison, Inc. | 1.1 % |
| Micron Technology, Inc. | 1.1 % |
Portfolio Expenses -
What were the Portfolio costs for the last six months?
(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 Investment | Costs paid as a percentageof a $10,000 investment (annualized) |
| AVIP Intech U.S. Low Volatility Portfolio (Class II) | $ 105(a) | 8.79 % |
(a) | Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher. |
(a) | Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher. |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 525,134,055 |
Total number of portfolio holdings | 185 |
Portfolio turnover rate | 47 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Holdings
| NVIDIA Corp. | 7.1 % |
| Apple, Inc. | 6.1 % |
| Microsoft Corp. | 3.8 % |
| Amazon.com, Inc. | 2.9 % |
| Alphabet, Inc. Class A | 2.6 % |
| Broadcom, Inc. | 2.4 % |
| Alphabet, Inc. Class C | 2.1 % |
| Meta Platforms, Inc. Class A | 1.3 % |
| Consolidated Edison, Inc. | 1.1 % |
| Micron Technology, Inc. | 1.1 % |
Portfolio Composition
Sector Allocation
Top 10 Holdings
| NVIDIA Corp. | 7.1 % |
| Apple, Inc. | 6.1 % |
| Microsoft Corp. | 3.8 % |
| Amazon.com, Inc. | 2.9 % |
| Alphabet, Inc. Class A | 2.6 % |
| Broadcom, Inc. | 2.4 % |
| Alphabet, Inc. Class C | 2.1 % |
| Meta Platforms, Inc. Class A | 1.3 % |
| Consolidated Edison, Inc. | 1.1 % |
| Micron Technology, Inc. | 1.1 % |
Portfolio Expenses -
What were the Portfolio costs for the last six months?
(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 Investment | Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP AB Relative Value Portfolio (Class I) | $ 39 | 0.74 % |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 129,155,913 |
Total number of portfolio holdings | 79 |
Portfolio turnover rate | 30 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Holdings
| Berkshire Hathaway, Inc. Class B | 4.1 % |
| RTX Corp. | 3.9 % |
| JPMorgan Chase & Co. | 3.7 % |
| Johnson & Johnson | 3.5 % |
| Philip Morris International, Inc. | 3.2 % |
| Alphabet, Inc. Class C | 3.1 % |
| Cisco Systems, Inc. | 3.1 % |
| UnitedHealth Group, Inc. | 2.7 % |
| Taiwan Semiconductor Manufacturing Co. Ltd. – ADR | 2.4 % |
| Amazon.com, Inc. | 2.1 % |
Portfolio Composition
Sector Allocation
Top 10 Holdings
| Berkshire Hathaway, Inc. Class B | 4.1 % |
| RTX Corp. | 3.9 % |
| JPMorgan Chase & Co. | 3.7 % |
| Johnson & Johnson | 3.5 % |
| Philip Morris International, Inc. | 3.2 % |
| Alphabet, Inc. Class C | 3.1 % |
| Cisco Systems, Inc. | 3.1 % |
| UnitedHealth Group, Inc. | 2.7 % |
| Taiwan Semiconductor Manufacturing Co. Ltd. – ADR | 2.4 % |
| Amazon.com, Inc. | 2.1 % |
Portfolio Expenses -
What were the Portfolio costs for the last six months?
(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 Investment | Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP Constellation Managed Risk Balanced Portfolio (Class I) | $ 30 | 0.59 % |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 487,704,469 |
Total number of portfolio holdings | 17 |
Portfolio turnover rate | 0 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Holdings
| iShares Core U.S. Aggregate Bond ETF | 36.0 % |
| iShares Core S&P 500 ETF | 26.2 % |
| iShares iBoxx $ Investment Grade Corporate Bond ETF | 5.6 % |
| Vanguard S&P 500 ETF | 5.4 % |
| Invesco QQQ Trust Series 1 ETF | 4.8 % |
| iShares Core MSCI EAFE ETF | 4.3 % |
| Vanguard Total Stock Market ETF | 4.2 % |
| iShares Core S&P Mid-Cap ETF | 3.2 % |
| State Street SPDR Portfolio S&P 500 Value ETF | 2.7 % |
| iShares Russell 1000 ETF | 1.9 % |
Portfolio Composition
Top 10 Holdings
| iShares Core U.S. Aggregate Bond ETF | 36.0 % |
| iShares Core S&P 500 ETF | 26.2 % |
| iShares iBoxx $ Investment Grade Corporate Bond ETF | 5.6 % |
| Vanguard S&P 500 ETF | 5.4 % |
| Invesco QQQ Trust Series 1 ETF | 4.8 % |
| iShares Core MSCI EAFE ETF | 4.3 % |
| Vanguard Total Stock Market ETF | 4.2 % |
| iShares Core S&P Mid-Cap ETF | 3.2 % |
| State Street SPDR Portfolio S&P 500 Value ETF | 2.7 % |
| iShares Russell 1000 ETF | 1.9 % |
Portfolio Expenses -
What were the Portfolio costs for the last six months?
(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 Investment | Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP Constellation Managed Risk Moderate Growth Portfolio (Class I) | $ 30 | 0.58 % |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 1,207,565,566 |
Total number of portfolio holdings | 16 |
Portfolio turnover rate | 10 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Holdings
| iShares Core S&P 500 ETF | 28.1 % |
| iShares Core U.S. Aggregate Bond ETF | 25.5 % |
| Vanguard S&P 500 ETF | 18.4 % |
| Vanguard Total Bond Market ETF | 6.7 % |
| Vanguard Total Stock Market ETF | 5.9 % |
| iShares Core S&P Total U.S. Stock Market ETF | 5.8 % |
| Invesco QQQ Trust Series 1 ETF | 2.8 % |
| iShares Core MSCI EAFE ETF | 1.9 % |
| iShares Russell 1000 ETF | 1.6 % |
| State Street SPDR Portfolio S&P 500 Value ETF | 1.3 % |
Portfolio Composition
Top 10 Holdings
| iShares Core S&P 500 ETF | 28.1 % |
| iShares Core U.S. Aggregate Bond ETF | 25.5 % |
| Vanguard S&P 500 ETF | 18.4 % |
| Vanguard Total Bond Market ETF | 6.7 % |
| Vanguard Total Stock Market ETF | 5.9 % |
| iShares Core S&P Total U.S. Stock Market ETF | 5.8 % |
| Invesco QQQ Trust Series 1 ETF | 2.8 % |
| iShares Core MSCI EAFE ETF | 1.9 % |
| iShares Russell 1000 ETF | 1.6 % |
| State Street SPDR Portfolio S&P 500 Value ETF | 1.3 % |
Portfolio Expenses -
What were the Portfolio costs for the last six months?
(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 Investment | Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP Constellation Managed Risk Growth Portfolio (Class I) | $ 31 | 0.60 % |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 414,824,918 |
Total number of portfolio holdings | 14 |
Portfolio turnover rate | 0 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Holdings
| iShares Core S&P 500 ETF | 36.0 % |
| iShares Core U.S. Aggregate Bond ETF | 17.8 % |
| Invesco QQQ Trust Series 1 ETF | 8.9 % |
| Vanguard Total Stock Market ETF | 6.7 % |
| iShares Core MSCI EAFE ETF | 6.5 % |
| iShares Core S&P Mid-Cap ETF | 4.7 % |
| Vanguard S&P 500 ETF | 4.2 % |
| State Street SPDR Portfolio S&P 500 Value ETF | 3.4 % |
| iShares Russell 1000 ETF | 3.1 % |
| iShares Core S&P Total U.S. Stock Market ETF | 2.7 % |
Portfolio Composition
Top 10 Holdings
| iShares Core S&P 500 ETF | 36.0 % |
| iShares Core U.S. Aggregate Bond ETF | 17.8 % |
| Invesco QQQ Trust Series 1 ETF | 8.9 % |
| Vanguard Total Stock Market ETF | 6.7 % |
| iShares Core MSCI EAFE ETF | 6.5 % |
| iShares Core S&P Mid-Cap ETF | 4.7 % |
| Vanguard S&P 500 ETF | 4.2 % |
| State Street SPDR Portfolio S&P 500 Value ETF | 3.4 % |
| iShares Russell 1000 ETF | 3.1 % |
| iShares Core S&P Total U.S. Stock Market ETF | 2.7 % |
Portfolio Expenses -
What were the Portfolio costs for the last six months?
(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 Investment | Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP Moderately Conservative Model Portfolio (Class I) | $ 25 | 0.49 % |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 155,400,965 |
Total number of portfolio holdings | 17 |
Portfolio turnover rate | 10 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Holdings
| PIMCO Total Return Institutional | 17.1 % |
| AVIP Core Plus Bond Portfolio | 15.0 % |
| AVIP S&P 500 ® Index Portfolio | 14.0 % |
| PIMCO Low Duration Institutional | 12.0 % |
| AVIP Bond Portfolio | 10.0 % |
| AVIP S&P MidCap 400 ® Index Portfolio | 8.0 % |
| AVIP High Income Bond Portfolio | 6.0 % |
| AVIP BlackRock Advantage International Equity Portfolio | 4.0 % |
| DFA International Core Equity Portfolio Institutional | 3.0 % |
| AVIP BlackRock Advantage Large Cap Value Portfolio | 3.0 % |
Portfolio Composition
Top 10 Holdings
| PIMCO Total Return Institutional | 17.1 % |
| AVIP Core Plus Bond Portfolio | 15.0 % |
| AVIP S&P 500 ® Index Portfolio | 14.0 % |
| PIMCO Low Duration Institutional | 12.0 % |
| AVIP Bond Portfolio | 10.0 % |
| AVIP S&P MidCap 400 ® Index Portfolio | 8.0 % |
| AVIP High Income Bond Portfolio | 6.0 % |
| AVIP BlackRock Advantage International Equity Portfolio | 4.0 % |
| DFA International Core Equity Portfolio Institutional | 3.0 % |
| AVIP BlackRock Advantage Large Cap Value Portfolio | 3.0 % |
Portfolio Expenses -
What were the Portfolio costs for the last six months?
(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 Investment | Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP Balanced Model Portfolio (Class I) | $ 22 | 0.43 % |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 670,663,815 |
Total number of portfolio holdings | 19 |
Portfolio turnover rate | 10 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Holdings
| AVIP S&P 500 ® Index Portfolio | 16.0 % |
| PIMCO Total Return Institutional | 12.0 % |
| AVIP S&P MidCap 400 ® Index Portfolio | 11.0 % |
| AVIP Core Plus Bond Portfolio | 10.0 % |
| PIMCO Low Duration Institutional | 8.0 % |
| AVIP BlackRock Advantage International Equity Portfolio | 7.0 % |
| AVIP Bond Portfolio | 7.0 % |
| DFA International Core Equity Portfolio Institutional | 5.0 % |
| AVIP BlackRock Advantage Large Cap Value Portfolio | 4.0 % |
| AVIP High Income Bond Portfolio | 4.0 % |
Portfolio Composition
Top 10 Holdings
| AVIP S&P 500 ® Index Portfolio | 16.0 % |
| PIMCO Total Return Institutional | 12.0 % |
| AVIP S&P MidCap 400 ® Index Portfolio | 11.0 % |
| AVIP Core Plus Bond Portfolio | 10.0 % |
| PIMCO Low Duration Institutional | 8.0 % |
| AVIP BlackRock Advantage International Equity Portfolio | 7.0 % |
| AVIP Bond Portfolio | 7.0 % |
| DFA International Core Equity Portfolio Institutional | 5.0 % |
| AVIP BlackRock Advantage Large Cap Value Portfolio | 4.0 % |
| AVIP High Income Bond Portfolio | 4.0 % |
Portfolio Expenses -
What were the Portfolio costs for the last six months?
(Based on a hypothetical $10,000 investment)
Portfolio (Class) | Costs of a $10,000 Investment | Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP Moderate Growth Model Portfolio (Class I) | $ 22 | 0.42 % |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets | $ 1,386,692,641 |
Total number of portfolio holdings | 19 |
Portfolio turnover rate | 11 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Holdings
| AVIP S&P 500 ® Index Portfolio | 19.0 % |
| AVIP S&P MidCap 400 ® Index Portfolio | 13.0 % |
| AVIP BlackRock Advantage International Equity Portfolio | 8.0 % |
| DFA International Core Equity Portfolio Institutional | 7.0 % |
| PIMCO Total Return Institutional | 7.0 % |
| AVIP Core Plus Bond Portfolio | 7.0 % |
| AVIP BlackRock Advantage Large Cap Value Portfolio | 6.0 % |
| AVIP AB Relative Value Portfolio | 5.0 % |
| AVIP Bond Portfolio | 5.0 % |
| AVIP BlackRock Advantage Large Cap Core Portfolio | 4.0 % |
Portfolio Composition
Top 10 Holdings
| AVIP S&P 500 ® Index Portfolio | 19.0 % |
| AVIP S&P MidCap 400 ® Index Portfolio | 13.0 % |
| AVIP BlackRock Advantage International Equity Portfolio | 8.0 % |
| DFA International Core Equity Portfolio Institutional | 7.0 % |
| PIMCO Total Return Institutional | 7.0 % |
| AVIP Core Plus Bond Portfolio | 7.0 % |
| AVIP BlackRock Advantage Large Cap Value Portfolio | 6.0 % |
| AVIP AB Relative Value Portfolio | 5.0 % |
| AVIP Bond Portfolio | 5.0 % |
| AVIP BlackRock Advantage Large Cap Core Portfolio | 4.0 % |
Portfolio Expenses -
What were the Portfolio costs for the last six months?
(Based on a hypothetical $10,000 investment)
Portfolio (Class) |
Costs of a $10,000 Investment |
Costs paid as a percentage of a $10,000 investment (annualized) |
| AVIP Growth Model Portfolio (Class I) | $ 24 |
0.45 % |
Key Portfolio Statistics (As of June 30, 2026)
The following table outlines key Portfolio statistics that you should pay attention to.
Net assets |
$ 358,840,212 |
Total number of portfolio holdings |
19 |
Portfolio turnover rate |
10 % |
Graphical Representation of Holdings (As of June 30, 2026)
The tables below show the investment makeup of the Portfolio, presented in terms of percentages of the net assets of the Portfolio.
Top 10 Holdings
| AVIP S&P 500 ® Index Portfolio |
18.9 % |
| AVIP S&P MidCap 400 ® Index Portfolio |
15.0 % |
| AVIP BlackRock Advantage International Equity Portfolio | 11.0 % |
| DFA International Core Equity Portfolio Institutional | 9.1 % |
| AVIP BlackRock Advantage Large Cap Value Portfolio | 7.0 % |
| AVIP AB Relative Value Portfolio | 6.0 % |
| AVIP BlackRock Advantage Large Cap Core Portfolio | 6.0 % |
| AVIP BlackRock Advantage Small Cap Growth Portfolio | 4.0 % |
| DFA Emerging Markets Portfolio Institutional | 3.0 % |
| AVIP AB Small Cap Portfolio | 3.0 % |
Portfolio Composition
Top 10 Holdings
| AVIP S&P 500 ® Index Portfolio |
18.9 % |
| AVIP S&P MidCap 400 ® Index Portfolio |
15.0 % |
| AVIP BlackRock Advantage International Equity Portfolio | 11.0 % |
| DFA International Core Equity Portfolio Institutional | 9.1 % |
| AVIP BlackRock Advantage Large Cap Value Portfolio | 7.0 % |
| AVIP AB Relative Value Portfolio | 6.0 % |
| AVIP BlackRock Advantage Large Cap Core Portfolio | 6.0 % |
| AVIP BlackRock Advantage Small Cap Growth Portfolio | 4.0 % |
| DFA Emerging Markets Portfolio Institutional | 3.0 % |
| AVIP AB Small Cap Portfolio | 3.0 % |
| [1] | Based on operations for the period from May 18, 2026 (inception) to June 30, 2026. Expenses for the full reporting period would be higher. |