TOPS PROTECTED ETF PORTFOLIOS Introducing managed ETF portfolios - - PowerPoint PPT Presentation
TOPS PROTECTED ETF PORTFOLIOS Introducing managed ETF portfolios that seek to protect asset growth in bull markets and defend against major losses during market downturns by employing volatility management and capital protection strategies.
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PROFESSIONALLY MANAGED ETF PORTFOLIOS CAPITAL PROTECTION STRATEGY VOLATILITY MANAGEMENT
2461-NLD-11/14/2011
Introducing managed ETF portfolios that seek to protect asset growth in bull markets and defend against major losses during market downturns by employing volatility management and capital protection strategies.
For Advisor Use Only. Not To Be Distributed To Members of the public.
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decisions regarding any strategies or securities or financial instruments mentioned herein.
herein are suitable or appropriate for the recipient. Many of the products and services described or referenced herein involve significant risks, and the recipient should not make any decision or enter into any transaction unless the recipient has fully understood all such risks and has independently determined that such decisions or transactions are appropriate for the recipient.
considered to be a disclosure of all risks or a complete discussion of the risks involved.
legal, regulatory, tax, accounting or other advice. The recipient should not act on any information in this document without consulting its investment, hedging, trading, legal, regulatory, tax, accounting and other advisors.
For Advisor Use Only. Not To Be Distributed To Members of the public.
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in the U.S.
THE OPTIMIZED PORTFOLIO SYSTEM
Investment Alliance
For Advisor Use Only. Not To Be Distributed To Members of the public.
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For Advisor Use Only. Not To Be Distributed To Members of the public.
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For Advisor Use Only. Not To Be Distributed To Members of the public.
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CONTACT: Chief Investment Officer Michael.Mcclary@valmarksecurities.com 800-765-5201 Director of Investment Research Tyler.Denholm@valmarksecurities.com
For Advisor Use Only. Not To Be Distributed To Members of the public.
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Milliman, Inc. does not make any representations that products or services described or referenced herein are suitable or appropriate for the recipient. Many of the products and services described or referenced herein involve significant risks, and the recipient should not make any decision or enter into any transaction unless the recipient has fully understood all such risks and has independently determined that such decisions or transactions are appropriate for the recipient. Milliman, Inc. does not ensure a profit
Historical analysis charts included in this presentation are for illustrative purposes only. There performance depicted in these illustrations is not guaranteed. Realized performance may differ due to varying market conditions. Changes and modifications to enhance the strategy depicted in these illustrations can be made by Milliman at any time. Volatility targets shown in this presentation are estimates for illustrative purposes. Actual realized volatility might differ due to varying market conditions. Milliman does not guarantee the funds’ realized volatility. Any discussion of risks contained herein with respect to any product or service should not be considered to be a disclosure of all risks or a complete discussion of the risks involved. The recipient should not construe any of the material contained herein as investment, hedging, trading, legal, regulatory, tax, accounting or other advice. The recipient should not act on any information in this document without consulting its investment, hedging, trading, legal, regulatory, tax, accounting and other advisors. TOPS™ Protected ETF Portfolios assess fees and expenses that are separate and distinct from each respective underlying variable annuity or fund option. Early withdrawals or surrenders may be subject to surrender charges (contingent deferred sales charges). Withdrawals of taxable amounts are subject to ordinary income tax and, if taken prior to age 59½, a 10 percent federal tax penalty may apply. For tax purposes only, withdrawals will come first from any gain in the contract. Federal and state tax laws in this area are complex and subject to change. Consult your personal tax adviser on all tax matters. Withdrawals will generally reduce the death benefit, Contract Value and any living benefit amount. Guarantees based upon the claims-paying ability of th insurance company. Guarantees do not apply to the investment performance or account value of the underlying variable portfolios. Variable annuities are long-term investments designed to accumulate money on a tax-deferred basis for retirement purposes. Upon retirement, variable annuities may pay
contract value. Product, product features and rider availability vary by state. Variable annuities are subject to market fluctuation and risk. Principal value and investment returns will fluctuate and you may have a gain or loss when money is withdrawn. Variable annuities are long-term investments to help you meet retirement and other long-range goals. Withdrawals of tax-deferred accumulations are subject to ordinary income tax. Withdrawals made prior to age 59 1⁄2 may incur a 10% IRS tax penalty.
For Advisor Use Only. Not To Be Distributed To Members of the public.
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Investors should carefully consider the investment objectives, risks, charges and expenses of the TOPS™ Protected ETF Portfolios. This and other important information about the portfolios are contained in the prospectus, which can be obtained by calling 1‐855‐572‐5945. The prospectus should be read carefully before investing. The TOPS™ Protected ETF Portfolios are managed by Valmark Advisers, Inc. and distributed by Northern Lights Distributors, LL C. Northern Lights Distributors, LLC is not affiliated with ValMark Advisers, Inc. Milliman, Inc. Contact your registered representative to obtain current prospectuses. Please read the product and fund prospectuses carefully before you invest or send
As with all mutual funds, there is the risk that you could lose money through your investment in the portfolios. Many factors affect the portfolios’ net asset value and
investing in a portfolio will be higher than the cost of investing directly in the ETFs and may be higher than other mutual funds that invest directly in stocks and bonds. Foreign investing involves risks not typically associated with U.S. investments, including adverse fluctuations in foreign currency values, adverse political, social and economic developments, less liquidity, greater volatility, less developed or less efficient trading markets, political instability and differing auditing and legal standards. Foreign equity securities denominated in non‐US dollar currencies will subject a Portfolio to currency trading risks that include market risk and country risk. The portfolio’s futures contract short positions carry additional risks in that they may not provide an effective hedge because changes in futures contract prices may not track those of the ETFs they are intended to hedge. Futures create leverage, which can magnify a portfolio’s potential for gain or loss and, therefore, amplify the effects of market volatility on a portfolio’s share price. The portfolio’s positions in lower-quality bonds, known as “high yield” or “junk” bonds, present greater risk than bonds of higher quality, including an increased risk of default. The portfolios are also subject to different types of management risk such as the sub-adviser’s portfolio protection strategy may not effectively protect the portfolio from market declines and may limit the Portfolio’s participation in market gains. The Portfolios’ exposure to companies primarily engaged in the natural resource markets may subject a Portfolio to greater volatility than the securities market as a whole. Natural resource companies are affected by commodity price volatility, changes in interest rates, or factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs, and international economic, political and regulatory developments. Positions in small or medium capitalization company stocks may subject the portfolios to additional risk since they are subject to more abrupt or erratic market movements than those of larger, more established companies.
For Advisor Use Only. Not To Be Distributed To Members of the public.