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Investment Process

The Ibbotson ETF Allocation Series consists of five risk-based asset allocation portfolios that invest in ETFs. The objective of each Portfolio is to provide disciplined, diversified access to a variety of asset classes that is consistent with an investor's risk profile and investment time horizon.

The Ibbotson ETF Allocation Series Portfolios are not Exchange Traded Funds (ETFs), instead they consist of five risk-based asset allocation portfolios that invest in underlying ETFs, which are typically open-end investment companies or unit investment trusts.

Asset allocation cannot assure a profit nor protect against a loss.

An investor should consider the investment objectives, risks, charges and expenses of the Fund (or of the Investment Company) carefully before investing. To obtain a prospectus containing this and other information, please call 1-866-432-2926. Read the prospectus carefully before you invest.

RISKS

Investing involves risk including loss of principle. Additional information regarding the risks of this investment is available by clicking the disclosure link at the top of the page.

Shares of the Portfolios are offered only to participating insurance companies and their separate accounts to fund the benefits of Variable Contracts, and to qualified pension and retirement plans and registered and unregistered separate accounts.

ALPS Portfolio Solutions Distributor, Inc. is the Distributor for the Ibbotson Portfolios. ALPS Advisors, Inc. is the investment adviser to the Portfolio and Ibbotson Associates, Inc. is the investment sub-adviser to the Portfolio. ALPS and Ibbotson Associates are unaffiliated entities.

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