Alps Variable Investment Trust

08/25/2026 | Press release | Distributed by Public on 08/25/2026 10:26

Prospectus by Investment Company (Form 497)

ALPS VARIABLE INVESTMENT TRUST

(the "Trust")

ALPS | Alerian Energy Infrastructure Portfolio (the "Fund")

SUPPLEMENT DATED AUGUST 25, 2026 TO THE FUND'S SUMMARY PROSPECTUS, PROSPECTUS, AND STATEMENT OF ADDITIONAL INFORMATION ("SAI"), EACH DATED APRIL 30, 2026, AS SUPPLEMENTED

Effective August 20, 2026, Charles Perkins no longer serves as Portfolio Manager of the Fund. Accordingly, all references to Mr. Perkins in the Fund's Summary Prospectus, Prospectus, and SAI are hereby deleted.

Ryan Mischker continues to serve as Portfolio Manager of the Fund.

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PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

Alps Variable Investment Trust published this content on August 25, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on August 25, 2026 at 16:26 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]