ibbotson ETF Allocation Series

Investor behavior studies show that the average investor tends to make emotional decisions about their investments. Investors chasing past performance often end up buying high and selling low. As shown by the chart, asset class leadership changes frequently. A well-diversified portfolio that includes a variety of asset classes increases the potential for returns while limiting volatility.

Exchange Traded Funds offer unique benefits when constructing an allocation:

Diversification - instant exposure to a variety of asset classes
ransparency - exact understanding of the underlying securities
Low Expense Ratios - allow for a fullyallocated portfolio at a similar cost to a single asset class fund
Flexibility - high liquidity enables fast, easy moves among asset classes

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.

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 Distributors, 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.

© 2007-2012 Ibbotson Associates. All rights reserved. Ibbotson Associates is a registered investment advisor and a wholly owned subsidiary of Morningstar, Inc. Ibbotson and the Ibbotson logo are either trademarks or service marks of Ibbotson Associates.