VIT

VARIABLE INSURANCE TRUST PORTFOLIOS

The TOPS® ETF Portfolios and TOPS® Managed Risk Portfolios are Variable Insurance
Trust (VIT) Portfolios and are offered through variable annuities and variable life insurance in more than 15 different insurance platforms.

TOPS® Conservative ETF Portfolio

TOPS® Conservative ETF Portfolio

ABOUT

TOPS_Conservative

Allocation data is as of the most recently filed report. Portfolio allocations are subject to change and should not be considered investment advice.

The TOPS® Conservative Portfolio seeks to preserve capital and provide moderate capital appreciation.

ValMark believes the Portfolio is appropriate for investors with short-term to intermediate-term investment horizons who seek capital preservation as well as the opportunity for modest income and modest capital appreciation.

The Portfolio employs a fund-of-funds structure that invests at least 80% of it’s assets in ETFs. The ETFs included in the portfolio provide exposure to Government and Fixed Income Securities, Corporate Fixed Income Securities, Common and Preferred Stocks, Real Estate-Related Securities and Natural Resource- Related Securities.

PRICES

PERFORMANCE

HYPOTHETICAL GROWTH OF $10,000

PORTFOLIO DOCUMENTS

Click here to access fund documents.

TOPS® Balanced ETF Portfolio

TOPS® Balanced ETF Portfolio

ABOUT

TOPS_Balanced

Allocation data is as of the most recently filed report. Portfolio allocations are subject to change and should not be considered investment advice.

The TOPS® Balanced ETF Portfolio seeks income and capital appreciation.

ValMark believes the Portfolio is appropriate for investors with intermediate term to long-term investment horizons who seek to balance out a desire for investment returns with a desire for lower levels of risk than typically found in funds with more aggressive asset allocation.

The Portfolio employs a fund-of-funds structure that invests 80% of it’s assets in ETFs. The ETFs included in the portfolio provide exposure to Government Fixed Income Securities, Corporate Fixed Income Securities, Common and Preferred Stocks, Real Estate-Related Securities and Natural Resource- Related Securities.

PRICES

PERFORMANCE

HYPOTHETICAL GROWTH OF $10,000

PORTFOLIO DOCUMENTS

Click here to access fund documents.

TOPS® Moderate Growth ETF Portfolio

TOPS® Moderate Growth ETF Portfolio

TOPS_Managed Risk Balanced

Allocation data is as of the most recently filed report. Portfolio allocations are subject to change and should not be considered investment advice.

ABOUT

The TOPS® Managed Risk Moderate Growth ETF Portfolio seeks capital appreciation with less volatility than the equity markets as a whole.

ValMark believes the Portfolio is appropriate for investors with long-term investment horizons who are willing to accept lower-to-moderate return volatility in pursuit of higher returns than are typically found in funds with more conservative asset allocation.

The Portfolio employs a fund-of-funds structure that invests 80% of it’s assets in ETFs. The ETFs included in the portfolio provide exposure to Government Fixed Income Securities, Corporate Fixed Income Securities, Common and Preferred Stocks, Real Estate-Related Securities and Natural Resource- Related Securities.

PRICES

PERFORMANCE

HYPOTHETICAL GROWTH OF $10,000

PORTFOLIO DOCUMENTS

Click here to access fund documents.

TOPS® Growth ETF Portfolio

TOPS® Growth ETF Portfolio

TOPS_Managed Risk Balanced

Allocation data is as of the most recently filed report. Portfolio allocations are subject to change and should not be considered investment advice.

ABOUT

The TOPS® Managed Risk Moderate Growth ETF Portfolio seeks capital appreciation with less volatility than the equity markets as a whole.

ValMark believes the Portfolio is appropriate for investors with long-term investment horizons who are willing to accept lower-to-moderate return volatility in pursuit of higher returns than are typically found in funds with more conservative asset allocation.

The Portfolio employs a fund-of-funds structure that invests 80% of it’s assets in ETFs. The ETFs included in the portfolio provide exposure to Government Fixed Income Securities, Corporate Fixed Income Securities, Common and Preferred Stocks, Real Estate-Related Securities and Natural Resource- Related Securities.

PRICES

PERFORMANCE

HYPOTHETICAL GROWTH OF $10,000

PORTFOLIO DOCUMENTS

Click here to access fund documents.

TOPS® Aggressive Growth ETF Portfolio

TOPS® Aggressive Growth ETF Portfolio

TOPS_Managed Risk Balanced

Allocation data is as of the most recently filed report. Portfolio allocations are subject to change and should not be considered investment advice.

ABOUT

The TOPS® Managed Risk Moderate Growth ETF Portfolio seeks capital appreciation with less volatility than the equity markets as a whole.

ValMark believes the Portfolio is appropriate for investors with long-term investment horizons who are willing to accept lower-to-moderate return volatility in pursuit of higher returns than are typically found in funds with more conservative asset allocation.

The Portfolio employs a fund-of-funds structure that invests 80% of it’s assets in ETFs. The ETFs included in the portfolio provide exposure to Government Fixed Income Securities, Corporate Fixed Income Securities, Common and Preferred Stocks, Real Estate-Related Securities and Natural Resource- Related Securities.

PRICES

PERFORMANCE

HYPOTHETICAL GROWTH OF $10,000

PORTFOLIO DOCUMENTS

Click here to access fund documents.

TOPS® Managed Risk Balanced ETF Portfolio

TOPS® Managed Risk Balanced ETF Portfolio

ABOUT

TOPS_Managed Risk Flex-02

Allocation data is as of the most recently filed report. Portfolio allocations are subject to change and should not be considered investment advice.

The TOPS® Managed Risk Flex ETF Portfolio seeks to provide income and capital appreciation with less volatility than the fixed income and equity markets as a whole.

ValMark believes the Portfolio is appropriate for investors with intermediate-term to long-term investment horizons who seek to balance out a desire for investment returns with a desire for lower levels of risk than typically found in funds with medium-to-aggressive asset allocation.

The Portfolio employs a fund-of-funds structure that invests 80% of it’s assets in ETFs. The ETFs included in the portfolio provide exposure to Government Fixed Income Securities, Corporate Fixed Income Securities, Common and Preferred Stocks, Real Estate-Related Securities and Natural Resource- Related Securities.

PRICES

PERFORMANCE

HYPOTHETICAL GROWTH OF $10,000

PORTFOLIO DOCUMENTS

Click here to access fund documents.

TOPS® Managed Risk Moderate Growth ETF Portfolio

TOPS® Managed Risk Moderate Growth ETF Portfolio

ABOUT

TOPS_Managed Risk Moderate

Allocation data is as of the most recently filed report. Portfolio allocations are subject to change and should not be considered investment advice.

The TOPS® Managed Risk Moderate Growth ETF Portfolio seeks capital appreciation with less volatility than the equity markets as a whole.

ValMark believes the Portfolio is appropriate for investors with long-term investment horizons who are willing to accept lower-to-moderate return volatility in pursuit of higher returns than are typically found in funds with more conservative asset allocation.

The Portfolio employs a fund-of-funds structure that invests 80% of it’s assets in ETFs. The ETFs included in the portfolio provide exposure to Government Fixed Income Securities, Corporate Fixed Income Securities, Common and Preferred Stocks, Real Estate-Related Securities and Natural Resource- Related Securities.

PRICES

PERFORMANCE

HYPOTHETICAL GROWTH OF $10,000

PORTFOLIO DOCUMENTS

Click here to access fund documents.

TOPS® Managed Risk Growth ETF Portfolio

TOPS® Managed Risk Growth ETF Portfolio

ABOUT

TOPS_Managed Risk Moderate

Allocation data is as of the most recently filed report. Portfolio allocations are subject to change and should not be considered investment advice.

The TOPS® Managed Risk Moderate Growth ETF Portfolio seeks capital appreciation with less volatility than the equity markets as a whole.

ValMark believes the Portfolio is appropriate for investors with long-term investment horizons who are willing to accept lower-to-moderate return volatility in pursuit of higher returns than are typically found in funds with more conservative asset allocation.

The Portfolio employs a fund-of-funds structure that invests 80% of it’s assets in ETFs. The ETFs included in the portfolio provide exposure to Government Fixed Income Securities, Corporate Fixed Income Securities, Common and Preferred Stocks, Real Estate-Related Securities and Natural Resource- Related Securities.

PRICES

PERFORMANCE

HYPOTHETICAL GROWTH OF $10,000

PORTFOLIO DOCUMENTS

Click here to access fund documents.

TOPS® Managed Risk Flex ETF Portfolio

TOPS® Managed Risk Flex ETF Portfolio

ABOUT

TOPS_Managed Risk Flex-02

Allocation data is as of the most recently filed report. Portfolio allocations are subject to change and should not be considered investment advice.

The TOPS® Managed Risk Flex ETF Portfolio seeks to provide income and capital appreciation with less volatility than the fixed income and equity markets as a whole.

ValMark believes the Portfolio is appropriate for investors with intermediate-term to long-term investment horizons who seek to balance out a desire for investment returns with a desire for lower levels of risk than typically found in funds with medium-to-aggressive asset allocation.

The Portfolio employs a fund-of-funds structure that invests 80% of it’s assets in ETFs. The ETFs included in the portfolio provide exposure to Government Fixed Income Securities, Corporate Fixed Income Securities, Common and Preferred Stocks, Real Estate-Related Securities and Natural Resource- Related Securities.

PRICES

PERFORMANCE

HYPOTHETICAL GROWTH OF $10,000

PORTFOLIO DOCUMENTS

Click here to access fund documents.

This material must be preceded or accompanied by a prospectus, which outlines specific charges and expenses associated with the product, a hypothetical illustration showing the effect on performance of various assumptions regarding the cost of insurance protection, among other important information. Individuals may also obtain a personalized illustration of historical performance, which reflects the cost of the individual’s policy insurance protection. Please review this material with a current variable annuity prospectus, product material (product brochure or illustration) and the current monthly performance for the specific product.

TOPS® ETF Portfolios assess fees and expenses that are separate and distinct from each respective underlying insurance contract or fund option.
Please read the product and fund prospectuses carefully before you invest or send money. Investors should consider the investment objectives, strategies, risk factors, charges and expenses of the underlying variable portfolios carefully before investing. The fund prospectus contains this and other information about the underlying variable portfolios.

There is the risk that you could lose money through your investment in the portfolios. Many factors affect the portfolios’ net asset value and performance. The portfolios may be subject to credit risk where issuers might not make payments on debt securities, resulting in losses. By investing in ETFs, the cost of 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-U.S. dollar currencies will subject a portfolio to currency trading risks that include market risk and country risk. It is possible to lose money by investing in securities.
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’ 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.

Investors should carefully consider the investment objectives, risks, charges and  expenses of the TOPS® 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® ETF Portfolios are managed by ValMark Advisers, Inc. and distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. Northern Lights Distributors, LLC is not affiliated with ValMark Advisers, Inc. or Milliman, Inc.