Cboe Vest S&P 500(R) Enhanced Growth Strategy Fund (Ticker: ENGIX), the First Index-Based Fund Targeting Enhanced Growth, Wins 2021 Refinitiv Lipper Fund Award

¹The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The Consistent Return measure is a richer risk-adjusted performance measure than others currently available in the marketplace. It takes into account both short- and long-term risk-adjusted performance relative to fund classification. The overall calculation is based on an equal-weighted average of percentile rankings of the Consistent Return metrics over three-, five-, and 10-year periods. The highest 0% of funds in each classification are named Lipper Leaders for Consistent Return, the next 20% receive a rating of 4, the middle 20% are rated 3, the next 20% are rated 2, and the lowest 20% are rated 1. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award. The 2021 Lipper Fund Award for Cboe Vest Enhanced Growth Strategy Fund (Institutional class, ENGIX) was out of 20 funds and over three years in Options Arbitrage/Option Strategies Funds classification. For more information, see lipperfundawards.com. Although Refinitiv Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Refinitiv Lipper. A Lipper Leader for Consistent Return may be the best fit for investors who value a fund’s year-to-year consistency relative to other funds in a particular group. Investors are cautioned that some peer groups are inherently more volatile than others, and even a Lipper Leader for Consistent Return in a volatile group may not be well suited to shorter-term goals or less risk-tolerant investors.

The advisor is unaware of any undisclosed facts that could potentially invalidate the appropriateness of the award. Furthermore, the advisor does not have any unfavorable ratings to disclose. The receipt of this award is not representative of client experiences because the award criteria do not consider client experience or input. The award is not indicative of Cboe Vest’s future performance, or any future performance pertaining to its clients’ investments. Furthermore, the rating should not be construed by a client or prospective client as a guarantee that they will experience a certain level of results.

²https://www.prnewswire.com/news-releases/cboe-vest-sp-500-enhanced-growth-strategy-fund-engix-named-leading-structured-investment-of-the-year-300623333.html

³The Overall Morningstar Rating for Cboe Vest S&P 500 Enhanced Growth Strategy Fund (ENGIX), a weighted average of three-, five-, and ten-year (if applicable) ratings, is out of 114 funds in the Options-Based category, based on risk-adjusted return as of 2/28/2021. Past performance is no guarantee of future results. The Morningstar Rating is for the Institutional share class (ENGIX) only; other classes may have different performance characteristics.

The Morningstar Rating^TM for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating^TM does not include any adjustment for sales loads. The top 10% of funds in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Past performance is no guarantee of future results.

The receipt of this rating is not representative of client experiences because the rating criteria do not consider client experience or input. The rating is not indicative of Cboe Vest’s future performance, or any future performance pertaining to its clients’ investments. Furthermore, the rating should not be construed by a client or prospective client as a guarantee that they will experience a certain level of results. The Morningstar Rating^TM is based on objective, mathematical calculation and is not to be construed as an endorsement by Morningstar of any fund(s). The advisor is unaware of any undisclosed facts that could potentially invalidate the appropriateness of the rating.

©2021 Morningstar. All Right Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar not its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

⁴The Fund Innovation of the Year Award for 2020 is hosted by ranking entity Fund Intelligence. The shortlists and winners are comprised of the individuals and firms who have been nominated via the online submission process and through recommendations from market participants. Cboe Vest applied for consideration for the award but did not pay a fee. Judges will use the submitted application material, as well as any uploaded supplemental information, to make a determination on the firm, individual or product they believe to be the most suitable and deserving winners for each category. Judges have the discretionary power to move nominations into alternative categories that they think may be more suitable. The asset manager sales, marketing and leadership awards and the fund director awards will be adjudicated by a panel of industry experts convened by the Fund Intelligence and Fund Directions editorial teams. The industry judges, who must declare any conflict, will contribute their sector expertise to assess the shortlist of candidates and come to a decision on the winners. A separate panel of industry experts will judge the ETF categories. There were five companies that were shortlisted in the Fund Innovation of the Year category. Cboe Vest is the only advisor that received the award in this category.

The advisor is unaware of any undisclosed facts that could potentially invalidate the appropriateness of the award. Furthermore, the advisor does not have any unfavorable awards to disclose. The receipt of this award is not representative of client experiences because the award criteria do not consider client experience or input. The award is not indicative of Cboe Vest’s future performance, or any future performance pertaining to its clients’ investments. Furthermore, the award should not be construed by a client or prospective client as a guarantee that they will experience a certain level of results.

SOURCE: Cboe Vest Financial LLC