My Account

Overview

Offers long-term capital growth and current income potential by investing approximately 60% of the portfolio in stocks and the remainder in a diversified portfolio of intermediate-term bonds.

Key Facts
Investment Objective
Seeks long-term capital growth and current income by investing approximately 60% of its assets in equity securities and the remainder in bonds and other fixed-income securities
Inception Date
05/01/1991
Morningstar Category
Moderate Allocation
Total Assets
$368,956,367
As of 02/29/2024
Distribution Frequency
Quarterly
Morningstar Overall Rating
Based on risk-adjusted return
Out of 703 funds. Moderate Allocation category
As of 01/31/2024
Fees
Gross Expense Ratio
0.90%
Net Expense Ratio
0.77%
Trading Information
Ticker
AVBIX
CUSIP
024936403

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance.

Performance

AVBIX

Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value fluctuates. Redemption value may be more or less than original cost. Returns less than one year are not annualized.

Average annual total returns illustrate the annual compounded returns that would have produced the cumulative total return if the fund's performance had remained constant throughout the period indicated. Returns for periods less than one year are not annualized. For periods prior to the inception of a class, performance is for the oldest class, restated with applicable fees, if any.

VP Balanced Fund

Data reflects past performance, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value fluctuates. Redemption value may be more or less than original cost. Returns less than one year are not annualized.

30-Day SEC Yield (Subsidized/Unsubsidized): Represents net investment income earned by a fund over a 30-day period, expressed as an annual percentage rate based on the fund's share price at the end of the 30-day period. Subsidized yield reflects fee waivers and/or expense reimbursements during the period. Without waivers and/or reimbursements, yields would be reduced. Unsubsidized yield does not adjust for any fee waivers and/or expense reimbursements in effect.

Yield to Worst: Lowest yield possible for a security given the current price, taking into account both call dates and maturity.

Yield to Maturity: The internal rate of return of the security based on the given market price—it is the single discount rate that equates a security price (inclusive of accrued interest) with its projected cashflows.

Data is not available at this time

Past performance is no guarantee of future results. Investment returns will fluctuate and it is possible to lose money.

Total Paid
Ordinary Dividends
Reinvest Price
12/21/2023
$0.0356
$0.0356
$7.61
09/26/2023
$0.0346
$0.0346
$6.99
06/27/2023
$0.0328
$0.0328
$7.21
03/28/2023
$0.0357
$0.0357
$6.87

Historical Distribution (CSV)

Ratings and Risk

As of 01/31/2024
Overall
Out of 703 funds. Moderate Allocation category
3 Year
Out of 703 funds
5 Year
Out of 662 funds
10 Year
Out of 494 funds

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance.

The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10- year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Portfolio

As of 01/31/2024
% Portfolio
Due to rounding, these values may exceed 100%Negative weights may be due to open security or capital stock trades at period end and/or unrealized loss on derivative positions as a percent of net assets at period end.

As of 01/31/2024101 Equity Issues
As of 01/31/2024
Sectors
% Portfolio
Information Technology
30%
Financials
14%
Health Care
13%
Consumer Discretionary
10%
Communication Services
9%
Industrials
8%
Consumer Staples
6%
Energy
4%
Real Estate
2%
Materials
2%
Utilities
1%
Diversified
<1%
Due to rounding, these values may exceed 100%
As of 01/31/2024
Company
% Portfolio
Microsoft Corp
5.48%
US 5YR NOTE (CBT) Mar24
3.18%
Apple Inc
2.98%
Alphabet Inc
2.63%
NVIDIA Corp
2.31%
Amazon.com Inc
1.88%
United States Treasury Note/Bond 4.63 09/15/2026
1.77%
Meta Platforms Inc
1.20%
Visa Inc
1.13%
UnitedHealth Group Inc
1.10%
% of Top Portfolio Holdings
23.66%
Due to rounding, these values may exceed 100%Negative weights may be due to open security or capital stock trades at period end and/or unrealized loss on derivative positions as a percent of net assets at period end.
As of 01/31/2024
Countries
Regions
Countries
% Portfolio
United States
99%
Denmark
1%
Netherlands
<1%
Multinational
<1%
Due to rounding, these values may exceed 100%
As of 01/31/2024
U.S. Government
61.14%
AAA
3.21%
AA
5.01%
A
10.49%
BBB
15.49%
BB
0.14%
B
0.11%
CCC
0.02%
CC
0.01%
D
0.01%
Non Rated
2.32%
Cash and Cash Equivalents
2.05%
Due to rounding, these values may exceed 100%Negative weights may be due to open security or capital stock trades at period end and/or unrealized loss on derivative positions as a percent of net assets at period end.
As of 01/31/2024
0 - 1 Years
4.79%
1 - 3 Years
13.75%
3 - 5 Years
16.86%
5 - 10 Years
46.96%
10 - 20 Years
11.47%
20 - 30 Years
5.44%
30+ Years
0.73%
Due to rounding, these values may exceed 100%Negative weights may be due to open security or capital stock trades at period end and/or unrealized loss on derivative positions as a percent of net assets at period end.
As of 01/31/2024
0 - 2.5%
14.40%
2.5 - 3%
7.83%
3 - 3.5%
8.10%
3.5 - 4%
9.46%
4 - 4.5%
11.20%
4.5 - 5%
19.96%
5 - 5.5%
6.12%
5.5 - 6%
6.16%
6 - 6.5%
7.09%
6.5 - 7%
4.47%
7 - 7.5%
3.09%
7.5 - 8%
1.13%
8 - 8.5%
0.51%
8.5 - 9%
0.23%
9 - 9.5%
0.25%
9.5 - 10%
0.01%
Due to rounding, these values may exceed 100%Negative weights may be due to open security or capital stock trades at period end and/or unrealized loss on derivative positions as a percent of net assets at period end.
4.30% Average Coupon
As of 01/31/2024
0 - 2 Years
14.04%
2 - 4 Years
18.98%
4 - 6 Years
26.86%
6 - 8 Years
26.14%
8 - 10 Years
1.68%
10 - 15 Years
9.69%
15+ Years
2.61%
Due to rounding, these values may exceed 100%Negative weights may be due to open security or capital stock trades at period end and/or unrealized loss on derivative positions as a percent of net assets at period end.
6.34 Years Average Effective Duration

Team

Charles Tan avatar
Charles Tan

Co-Chief Investment Officer

Global Fixed Income

Firm Start

2018


Industry Start

1994

Robert Gahagan avatar
Robert Gahagan

Senior Vice President

Senior Portfolio Manager

Firm Start

1983


Industry Start

1983

Jeff Houston, CFA avatar
Jeff Houston, CFA

Vice President

Senior Portfolio Manager

Firm Start

1990


Industry Start

1986

Jason Greenblath avatar
Jason Greenblath

Vice President

Senior Portfolio Manager

Firm Start

2019


Industry Start

2002

Daniel Shiffman, CFA avatar
Daniel Shiffman, CFA

Vice President

Senior Portfolio Manager

Firm Start

2004


Industry Start

1986

Jim Platz, CFA avatar
Jim Platz, CFA

Vice President

Portfolio Manager

Firm Start

2003


Industry Start

1986

Jesse Singh, CFA avatar
Jesse Singh, CFA

Vice President

Portfolio Manager

Firm Start

2007


Industry Start

1998

Gavin Fleischman avatar
Gavin Fleischman

Vice President

Portfolio Manager

Firm Start

2008


Industry Start

2000

Miguel Castillo avatar
Miguel Castillo

Vice President

Portfolio Manager

Firm Start

2008


Industry Start

2002

Justin Brown, CFA avatar
Justin Brown, CFA

Vice President

Portfolio Manager

Firm Start

2000


Industry Start

1993

Joe Reiland, CFA avatar
Joe Reiland, CFA

Vice President

Senior Portfolio Manager

Firm Start

2000


Industry Start

1995

Rob Bove avatar
Rob Bove

Portfolio Manager

Firm Start

2005


Industry Start

1995

Resources

Fund Literature
Fact Sheet

Returns or yields for the fund would have been lower if .13% of the management fee had not been waived. The advisor expects this waiver to continue until July 31, 2024, and cannot terminate it prior to such date without the approval of the Board of Directors. Review the annual or semiannual report for the most current information.

The VP Funds are managed by the same management team using the same objectives, approach, and philosophy as the retail fund. The VP portfolios are managed in a manner that under normal circumstances should produce similar performance. However, it is important to note that there are additional fees and charges assessed with investments in variable insurance products, those charges are disclosed in the separate account prospectus. The fees and charges will reduce returns when compared to that of the retail fund. There is no guarantee that the management team will achieve the same or similar performance in the future.

The value and/or returns of a portfolio will fluctuate with market and economic conditions.

Investments in fixed income securities are subject to the risks associated with debt securities including credit, price and interest rate risk.

Generally, as interest rates rise, bond prices fall. The opposite is true when interest rates decline.

Please see the prospectus for details about sales charges.

The gross expense ratio is the fund's total annual operating costs, expressed as a percentage of the fund's average net assets for a given time period. It is gross of any fee waivers or expense reimbursement. The net expense ratio is the expense ratio after the application of any waivers or reimbursement. This is the actual ratio that investors paid during the fund's most recent fiscal year. Please see the prospectus for more information.

Investment Blend: Reflects the blend of securities owned by a fund. For example, the percentage of foreign or domestic stocks held by an equity fund or the percentage of corporate and government securities owned by a bond fund. The U.S./Foreign Convertibles grouping includes Convertible Bonds, Equity Linked Securities and Convertible Preferred securities.

Sector Weights: This value represents the sectors of the equity securities included in the portfolio on a percent of equity assets basis. Due to rounding, these values may exceed 100%.

Top Holdings: This value represents the top holdings included in the portfolio on a percent of net assets basis. Equity holdings are grouped to include common shares, depository receipts, rights and warrants issued by the same company. Holdings are rounded to the nearest whole number, which may result in the display of less than ten holdings.

Countries: This value represents the countries included in the portfolio on a percent of assets basis.

Regions: This value represents the regions of the country represented by the securities included in the portfolio on a percent of assets basis.

Quality: Describes the portfolio of the fund in terms of the quality ratings of the securities it holds. Cash and cash equivalents include payable amounts related to securities purchased but not settled at period end. Credit quality ratings on underlying securities of a fund are obtained from three Nationally Recognized Statistical Rating Organizations ("NRSROs"), Standard & Poor's, Moody's and Fitch. Ratings are converted to the equivalent Standard & Poor's rating category for purposes of presentation. The median rating is used for securities rated by all three NRSROs. The common rating is used when two of the three NRSROs agree. The lower rating is used when only two NRSROs rate a security. A "nonrated" designation is assigned when a public rating is not available for a security. This designation does not necessarily indicate low credit quality. The letter ratings are provided to indicate the credit worthiness of the underlying bonds in the portfolio and generally range from AAA (highest) to D (lowest). Includes payable amounts related to securities purchased but not settled at period end.

Maturity: Describes the portfolio of the fund in terms of the different maturities of the securities it holds.
Weighted Average Life to Maturity (WALM):
Is a measure of the sensitivity of a fixed income portfolio to interest rate changes. WALM is the average time in years to receive the principal repayments. Accordingly, WALM reflects how a portfolio would react to deteriorating credit or tightening liquidity conditions.

Coupon: Describes the portfolio of the fund in terms of the different coupons of the securities it holds.

Duration: Describes the portfolio of the fund in terms of the different durations of the securities it holds.

For detailed descriptions of indices or investing terms referenced above, refer to our glossary.

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