IETFX

Morningstar Income and Growth ETF Asset Allocation Portfolio

Morningstar Income and Growth ETF Asset Allocation Portfolio

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2Q22 Portfolio Commentary

Explore a deep dive review of performance, portfolio positioning, economic and market overviews from June 2022.

Overview

   Investment Objective

The Morningstar Income and Growth ETF Asset Allocation Portfolio seeks to provide investors with current income and capital appreciation.

   Strategy

The Portfolio seeks to achieve its objective by investing in exchange-traded funds (ETFs) that invest primarily in fixed-income securities and money market instruments. A smaller portion of the Portfolio is invested in ETFs that primarily invest in equity securities of large, medium and small sized companies.

Fund Details

Fund Type

Variable Insurance Trust
Primary Benchmark

Income & Growth Blended Benchmark (40% Equity)

Ticker CUSIP ISIN Net Assets as of Inception Date
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Performance and Fees

Returns

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Total Returns
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Total Returns
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Performance data quoted represents past performance. Past performance is no guarantee of future results so that shares, when redeemed, may be worth more or less than their original cost. The investment return and principal value will fluctuate. Current performance may be higher or lower than the performance quoted.

The performance shown does not reflect the impact of costs associated with variable contracts, qualified pension and retirement plans or registered and unregistered separate accounts which, when deducted, will reduce the return figures quoted.

Fund inception date: 04/30/2007

Income & Growth Blended Benchmark (40% Equity): a blended benchmark consisting of 28% Russell 3000 Index – TR / 12% Morningstar Global Markets ex-US Index – NR / 46% Bloomberg US Universal Index – TR / 9% FTSE WGBI Non-USD Index / 5% ICE BofAML Treasury 3 Month Index – TR. One may not invest directly in an index.

$10,000 Hypothetical Investment

The chart above represents the total return historical performance of a hypothetical investment of $10,000 in the Fund over the life of the Fund. Performance calculations are as of the end of each month. Past performance is no guarantee of future results. This chart does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.

Fees


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^ What You Pay reflects the Adviser’s and Sub-Adviser's decision to contractually limit expenses through 04/29/2023. Please see the prospectus for additional information.

Facts and Characteristics

Fund Pricing

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Risk Metrics

For the 3 years ending

Standard Deviation
Sharpe Ratio
Sortino Ratio
Fund vs Index1
Alpha
Beta
R-Squared
Tracking Error
Upside Capture
Downside Capture
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Portfolio

Sector Breakdown

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Asset Allocations

Fund Holdings

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Distributions

Fund Distributions

Distribution Frequency: Annually
Ex-Date Record Date Payable Date STCG LTCG Return of Capital Qualified Dividend Ordinary Income Income Total Section 19a
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No distribution information at this time.
Document Name Date Document Category Document Type Download
AVIT Performance Bulletin 10/31/2022 Literature Performance Bulletin
Morningstar Income and Growth ETF Asset Allocation Portfolio Class I Fact Sheet 09/30/2022 Literature Fact Sheet
Morningstar Income and Growth ETF Asset Allocation Portfolio Class II Fact Sheet 09/30/2022 Literature Fact Sheet
Morningstar ETF Asset Allocation Portfolios Market Commentary 09/30/2022 Literature Commentary
Morningstar ETF Asset Allocation Portfolios Commentary 09/30/2022 Literature Commentary
Mutual Fund and VIT Offerings 09/30/2022 Literature Fund List
ALPS Variable Investment Trust 3rd Fiscal Quarter Holdings 09/30/2022 Regulatory 3rd Fiscal Quarter Holdings
ALPS Variable Investment Trust Semi-Annual Report 06/30/2022 Regulatory Semi-Annual Report
ALPS Variable Investment Trust Statement of Additional Information 04/29/2022 Regulatory Statement of Additional Information
ALPS Variable Investment Trust Statutory Prospectus 04/29/2022 Regulatory Statutory Prospectus
Morningstar Income and Growth ETF Asset Allocation Portfolio Summary Prospectus 04/29/2022 Regulatory Summary Prospectus
ALPS Variable Investment Trust 1st Fiscal Quarter Holdings 03/31/2022 Regulatory 1st Fiscal Quarter Holdings
ALPS Variable Investment Trust Annual Report 12/31/2021 Regulatory Annual Report

Funds Related to IETFX

AGTFX

Morningstar Aggressive Growth ETF Asset Allocation Portfolio

Learn More About AGTFX

BETFX

Morningstar Balanced ETF Asset Allocation Portfolio

Learn More About BETFX

CETFX

Morningstar Conservative ETF Asset Allocation Portfolio

Learn More About CETFX

GETFX

Morningstar Growth ETF Asset Allocation Portfolio

Learn More About GETFX

Fund Disclosure

Shares of the Portfolio are only offered to participating insurance companies and their separate accounts to fund the benefits of variable annuity contracts and variable life insurance policies. Shares of the Portfolio also may be used as investment vehicles for qualified pension and retirement plans and certain registered and unregistered separate accounts.

The Morningstar ETF Asset Allocation Portfolio Series are not exchange-traded funds (ETFs), instead, they consist of five risk-based asset allocation portfolios that invest in underlying ETFs, which are typically open-end investment companies or unit investment trusts.

The Portfolio allocates investments among multiple ETF asset classes including: US equity, fixed income, real estate and international ETFs. Asset allocation does not assure a profit or protect against down markets. The stocks of smaller companies are subject to above-average market price fluctuations. There are specific risks associated with international investing, such as currency fluctuations, foreign taxation, differences in financial reporting practices and rapid changes in political and economic conditions. Real estate investments are subject to specific risks, such as risks related to general and local economic conditions and risks related to individual properties. Fixed income securities are subject to interest rate risk, prepayment risk and market risk. Commodity trading is highly speculative and involves a high degree of risk.

ALPS Portfolio Solutions Distributor, Inc. does not distribute the underlying ETFs within the Portfolio.

© Morningstar Investment Management, LLC. All rights reserved. Morningstar Investment Management, LLC is a registered investment adviser and a subsidiary of Morningstar, Inc. The Morningstar name and logo are registered marks of Morningstar, Inc.

The Fund is not sponsored, endorsed, sold or promoted by Morningstar, Inc. or any of its affiliates (all such entities, collectively, “Morningstar Entities”). The Morningstar Entities make no representation or warranty, express or implied, to the owners of the Fund or any member of the public regarding the advisability of investing in mutual funds generally or in the Fund in particular or the ability of the Morningstar Index Data to track general mutual fund market performance.

THE MORNINGSTAR ENTITIES DO NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF THE MORNINGSTAR INDEX DATA OR ANY DATA INCLUDED THEREIN AND MORNINGSTAR ENTITIES SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN.

ALPS Advisors, Inc. is the investment adviser to the Portfolio and Morningstar Investment Management, LLC is the investment sub-adviser to the Portfolio. ALPS Advisors, Inc. and ALPS Portfolio Solutions Distributor, Inc., affiliated entities, are unaffiliated with Morningstar Investment Management, LLC.

ALPS Portfolio Solutions Distributor, Inc. is the distributor for the Portfolio.