# EDGAR Filing Document

**Accession Number:** 0001382990
**File Stem:** 0001398344-25-017188
**Filing Date:** 2025-8
**Character Count:** 4922
**Document Hash:** f0ac060f46a3a5003f3e5bc26d067708
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-25-017188.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001398344-25-017188

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**EFFECTIVENESS DATE**: 20250829

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALPS Variable Investment Trust
- **CENTRAL INDEX KEY:** 0001382990

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-139186
- **FILM NUMBER:** 251280330

**BUSINESS ADDRESS:**
- **STREET 1:** P.O. BOX 328
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80201-0328
- **BUSINESS PHONE:** 303-623-2577

**MAIL ADDRESS:**
- **STREET 1:** P.O. BOX 328
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80201-0328

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Financial Investors Variable Insurance Trust
- **DATE OF NAME CHANGE:** 20061207

## Series and Classes Contracts Data

### Morningstar Aggressive Growth ETF Asset Allocation Portfolio (Series ID: S000015808)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class I    | nan           | C000043412 |
| Class II   | AGTFX         | C000043413 |

---

### Morningstar Balanced ETF Asset Allocation Portfolio (Series ID: S000015809)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class I    | nan           | C000043414 |
| Class II   | BETFX         | C000043415 |

---

### Morningstar Conservative ETF Asset Allocation Portfolio (Series ID: S000015810)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class I    | nan           | C000043416 |
| Class II   | CETFX         | C000043417 |

---

### Morningstar Growth ETF Asset Allocation Portfolio (Series ID: S000015811)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class I    | nan           | C000043418 |
| Class II   | GETFX         | C000043419 |

---

### Morningstar Income and Growth ETF Asset Allocation Portfolio (Series ID: S000015812)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class II   | IETFX         | C000043420 |
| Class I    | nan           | C000043421 |

---

## Series and Classes Contracts Data

### Morningstar Aggressive Growth ETF Asset Allocation Portfolio (Series ID: S000015808)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000043412 | Class I      |  |
| C000043413 | Class II     | AGTFX           |

### Morningstar Balanced ETF Asset Allocation Portfolio (Series ID: S000015809)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000043414 | Class I      |  |
| C000043415 | Class II     | BETFX           |

### Morningstar Conservative ETF Asset Allocation Portfolio (Series ID: S000015810)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000043416 | Class I      |  |
| C000043417 | Class II     | CETFX           |

### Morningstar Growth ETF Asset Allocation Portfolio (Series ID: S000015811)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000043418 | Class I      |  |
| C000043419 | Class II     | GETFX           |

### Morningstar Income and Growth ETF Asset Allocation Portfolio (Series ID: S000015812)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000043420 | Class II     | IETFX           |
| C000043421 | Class I      |  |

**ALPS VARIABLE INVESTMENT TRUST**

(the "Trust")

Morningstar Conservative ETF Asset Allocation Portfolio: Class I (N/A) and Class II (CETFX)

Morningstar Income and Growth ETF Asset Allocation Portfolio: Class I (N/A) and Class II (IETFX)

Morningstar Balanced ETF Asset Allocation Portfolio: Class I (N/A) and Class II (BETFX)

Morningstar Growth ETF Asset Allocation Portfolio: Class I (N/A) and Class II (GETFX)

Morningstar Aggressive Growth ETF Asset Allocation Portfolio: Class I (N/A) and Class II (AGTFX)

(the "Funds")

SUPPLEMENT DATED AUGUST 29, 2025

TO THE SUMMARY PROSPECTUS, PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION ("SAI")

DATED MARCH 31, 2025

Effective immediately, the "Non-Diversification Risk" risk factor included in each of the Funds' Summary Prospectus and Prospectus, respectively, is hereby deleted in its entirety.

Effective immediately, the second paragraph under the sub-heading "Classification" in the Statement of Additional Information is hereby deleted in its entirety and replaced with the following:

 

***Classification***

The 1940 Act classifies mutual funds as diversified or non-diversified. The Alerian Portfolio is classified as non-diversified. The Morningstar Portfolios and the Global Opportunity Portfolio are classified as diversified.

\*\*\*\*\*

**PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE**