A Simplified Approach

VAST Portfolios typically invest directly in an optimized subset of securities that seeks to track the performance of the designated index by attempting to mimic the characteristics of the designated index, such as the designated index’s exposure and risk characteristics. VAST Portfolios invest both in securities included in the designated index and securities that are not included in the designated index. The performance of a VAST Portfolio will not be the same as the selected index for a number of reasons; indices typically have far more positions than a VAST Portfolio, which can mean lower volatility, and indices do not have contributions and withdrawals. Indices are unmanaged and it is not possible to invest directly in an index. Financial advisors and financial intermediaries may impose reasonable restrictions on the management of investor account(s) subject to approval by VAS. Please consult our full disclosure document for a discussion of risks related to VAST

The S&P Focused Indices and other indices referenced above are products of S&P Dow Jones Indices LLC or its affiliates (“S&P DJI”) and has been licensed for use by Vestmark, Inc. and its affiliates (collectively, “Vestmark”). S&P®, S&P 500®, US 500 and The 500 are trademarks of S&P Global, Inc. or its affiliates (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). These trademarks have been licensed for use by S&P DJI and sublicensed for certain purposes by Vestmark. The Vast Focused Index Portfolios based on the S&P DJI indices are not sponsored, endorsed, sold or promoted by S&P DJI, Dow Jones, S&P, and none of such parties makes any representations regarding the advisability of investing in such products, nor do they have any liability for any errors, omissions or interruptions in such indices.

Each of the applicable S&P indices related to VAST (“Index(es)”) and associated data are a product of S&P Dow Jones Indices LLC, its affiliates and/or their licensors and has been licensed for use by Vestmark. © 2023 S&P Dow Jones Indices LLC, its affiliates and/or their licensors. All rights reserved. Redistribution or reproduction in whole or in part are prohibited without written permission of S&P Dow Jones Indices LLC. For more information on any of S&P Dow Jones Indices LLC’s indices please visit www.spdji.com. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“SPFS”) and Dow Jones® is a registered trademark of Dow Jones. Neither S&P Dow Jones Indices LLC, SPFS, Dow Jones, their affiliates nor their licensors (“S&P DJI”) make any representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent and S&P DJI shall have no liability for any errors, omissions, or interruptions of any index or the data included therein.