Pioneer PRISM XC Variable Annuity - Pioneer Investments

Pioneer Variable Contracts Trust –
Pioneer Ibbotson Allocation Portfolios
Pioneer Ibbotson Growth Allocation VCT
Portfolio
Pioneer Ibbotson Moderate Allocation VCT
Portfolio
Management
Fees
12b-1/Service
Fees
Other
Expenses
Acquired
Fund
Fees and
Expenses*
Total
Annual
Portfolio
Expenses
Contractual
Expense
Subsidy or
Deferral
Net Total
Annual
Portfolio
Expenses
0.17% 0.25% 0.11% 0.82% 1.35% 0.15% 1.20%(10)
0.17% 0.25% 0.13% 0.79% 1.34% 0.16% 1.18%(11)
The Net Total Annual Portfolio Expenses have been restated to reflect contractual arrangements in effect as of May 1, 2009,
under which investment advisers or managers of investment portfolios have agreed to waive and/or pay expenses of the
portfolios. Each of these arrangements is in effect until at least April 30, 2010 (excluding optional extensions). Net Total
Annual Portfolio Expenses have not been restated to reflect expense reductions that certain investment portfolios achieved as
a result of directed brokerage arrangements. The investment portfolios provided the information on their expenses, and we
have not independently verified the information. Unless otherwise indicated the information provided is for the year ended
December 31, 2008.
* Acquired Fund Fees and Expenses are fees and expenses incurred indirectly by a portfolio as a result of investing shares of one or more
underlying portfolios.
(1) Fees and expenses of this Portfolio are based on the Portfolio’s fiscal year ended October 31, 2008. Other expenses have been revised
to reflect the estimated effect of additional prospectus and shareholder report printing and mailing expenses expected to be incurred by
the fund going forward.
(2) Other Expenses include 0.02% of deferred expense reimbursement from a prior period.
(3) Other Expenses include 0.08% of deferred expense reimbursement from a prior period.
(4) MetLife Advisers, LLC has contractually agreed, for the period May 1, 2009 through April 30, 2010, to reduce the Management Fee
for each Class of the Portfolio to the annual rate of 0.73% for the first $300 million of the Portfolio’s average daily net assets and
0.705% for the next $700 million.
(5) MetLife Advisers, LLC has contractually agreed, for the period May 1, 2009 through April 30, 2010, to reduce the Management Fee
for each Class of the Portfolio to the annual rate of 0.345% for the first $500 million of the Portfolio’s average daily net assets and
0.335% for the next $500 million. Other Expenses include Treasury Guarantee Program expenses of 0.012% incurred for the period
September 19, 2008 through December 31, 2008.
(6) MetLife Advisers, LLC has contractually agreed, for the period May 1, 2009 through April 30, 2010, to reduce the Management Fee
for each Class of the Portfolio to the annual rate of 0.85% for the first $500 million of the Portfolio’s average daily net assets and
0.80% for amounts over $500 million.
(7) MetLife Advisers, LLC has contractually agreed, for the period May 1, 2009 through April 30, 2010, to reduce the management fee
for each Class of the Portfolio to the annual rate of 0.65% for the first $1.25 billion of the Portfolio’s average daily net assets, 0.60%
for the next $250 million, and 0.50% for amounts over $1.5 billion.
(8) Under a contractual expense limitation in effect through May 1, 2010, Pioneer has agreed not to impose all or a portion of its
management fee and, if necessary, to limit other ordinary operating expenses to the extent required to reduce Class I expenses to
0.62% of the average daily net assets attributable to Class I shares. Class II shares expenses will be reduced only to the extent
Portfolio-wide expenses are reduced for Class I shares. Any differences in the fee waiver and expense limitation among classes result
from rounding in the daily calculation of a class’ net assets and expense limit, which may exceed 0.01% annually.
(9) Under a contractual expense limitation in effect through May 1, 2010, Pioneer has agreed not to impose all or a portion of its
management fee and, if necessary, to limit other ordinary operating expenses to the extent required to reduce Class II expenses to
1.00% of the average daily net assets attributable to Class II shares.
(10) The Portfolio is a “fund of funds” that invests in underlying portfolios that are managed by Pioneer and in underlying funds that are
not managed by Pioneer. As an investor in the underlying portfolios, the Portfolio will bear its pro rata portion of the operating
expenses of the underlying portfolios, including the management fee. Under a contractual expense limitation in effect through May 1,
2010, Pioneer has contractually agreed not to impose all or a portion of its management fee and, if necessary, to limit other direct
ordinary operating expenses to the extent required to reduce Class II expenses, other than acquired fund fees and expenses to 0.38%
of the average daily net assets.
(11) The Portfolio is a “fund of funds” that invests in underlying portfolios that are managed by Pioneer and in underlying funds that are
not managed by Pioneer. As an investor in the underlying portfolios, the Portfolio will bear its pro rata portion of the operating
expenses of the underlying portfolios, including the management fee. Under a contractual expense limitation in effect through May 1,
2010, Pioneer has contractually agreed not to impose all or a portion of its management fee and, if necessary, to limit other direct
ordinary operating expenses to the extent required to reduce Class II expenses, other than acquired fund fees and expenses to 0.39%
of the average daily net assets.
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