Vestmark

VAST® Focused Index Portfolios

Portfolio Construction

VAST® Focused Index Portfolios are SMA strategies based on specific indices offered by S&P Dow Jones Indices, a leader in index construction. Each index is constructed to measure the performance of a subset of securities from an underlying index. Constituents are selected and weighted to reflect the Global Industry Classification Standard (GICS®) Industry Group coverage and weighting of the underlying index.

VAST Portfolio Construction 2046x1806
VAST Portfolio Construction 1570x944

How are the Indices constructed?

Building an SMA strategy based on a focused index allows investors to gain exposure to a broad-based market segment, without having to hold every security in the broad-based index. Each strategy holds approximately 50 or 100 securities, making them a suitable choice for investors who require a lower investment minimum, or who want simpler portfolio strategies.

S&P Dow Jones Indices has created three new indices that offer investors exposure to the broad market S&P 500® Index and the S&P 500® Catholic Values Index, but with fewer securities. SMA strategies based on these indices are currently only available through VAST.

Index Name

Ticker

Definition

Additional information about the index

S&P 500® Focused 50 Index

SPX50

seeks to track the performance of a subset of 50 constituents from the S&P 500®, selected and weighted to reflect the performance characteristics and GICS® industry group coverage of the S&P 500®.

Index Data

S&P 500® Focused 100 Index

SPX100

seeks to track the performance of a subset of 100 constituents from the S&P 500®, selected and weighted to reflect the performance characteristics and GICS® industry group coverage of the S&P 500®.

Index Data

S&P 500® Catholic Values Focused 100 Index

SPCV100

seeks to track the performance of a subset of 100 constituents from the S&P 500® Catholic Values Index, selected and weighted to reflect the performance characteristics and GICS® industry group coverage of the S&P 500® Catholic Values Index.

Index Data


In addition, three strategies based on the time-tested indices below are available, allowing exposure to specific themes including Dividend-payers, ESG and International Developed Markets.

Index Name

Ticker

Definition

Additional information about the index

Dow Jones US Dividend 100 Index

DJUSDIV

designed to track the performance of high-dividend-yielding stocks in the U.S. with a record of consistently paying dividends, selected for fundamental strength relative to their peers, based on financial ratios.

Index Data

S&P 500® ESG Elite Index

SPXESEUP

designed to track the performance of securities meeting strict sustainability criteria, while maintaining similar overall sector weights as the S&P 500.

Index Data

S&P Developed Markets 100 ADR Index

BKTDM

seeks to track all American depositary receipts trading on the NYSE, NYSE American, and NASDAQ that represent shares in the 100 largest companies from international developed markets.

Index Data


For more information on any of the indices, visit the S&P Dow Jones Indices website at the links provided.


VAST Portfolios typically invest directly in an optimized subset of securities that seeks to track the performance of the designated index by attempting to mimic the characteristics of the designated index, such as the designated index’s exposure and risk characteristics. VAST Portfolios invest both in securities included in the designated index and securities that are not included in the designated index. The performance of a VAST Portfolio will not be the same as the selected index for a number of reasons; indices typically have far more positions than a VAST Portfolio, which can mean lower volatility, and indices do not have contributions and withdrawals. Indices are unmanaged and it is not possible to invest directly in an index. Financial advisors and financial intermediaries may impose reasonable restrictions on the management of investor account(s) subject to approval by VAS. Please consult our full disclosure document for a discussion of risks related to VAST

The S&P Focused Indices and other indices referenced above are products of S&P Dow Jones Indices LLC or its affiliates (“S&P DJI”) and has been licensed for use by Vestmark, Inc. and its affiliates (collectively, “Vestmark”). S&P®, S&P 500®, US 500 and The 500 are trademarks of S&P Global, Inc. or its affiliates (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). These trademarks have been licensed for use by S&P DJI and sublicensed for certain purposes by Vestmark. The Vast Focused Index Portfolios based on the S&P DJI indices are not sponsored, endorsed, sold or promoted by S&P DJI, Dow Jones, S&P, and none of such parties makes any representations regarding the advisability of investing in such products, nor do they have any liability for any errors, omissions or interruptions in such indices.

Each of the applicable S&P indices related to VAST (“Index(es)”) and associated data are a product of S&P Dow Jones Indices LLC, its affiliates and/or their licensors and has been licensed for use by Vestmark. © 2022 S&P Dow Jones Indices LLC, its affiliates and/or their licensors. All rights reserved. Redistribution or reproduction in whole or in part are prohibited without written permission of S&P Dow Jones Indices LLC. For more information on any of S&P Dow Jones Indices LLC’s indices please visit www.spdji.com. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“SPFS”) and Dow Jones® is a registered trademark of Dow Jones. Neither S&P Dow Jones Indices LLC, SPFS, Dow Jones, their affiliates nor their licensors (“S&P DJI”) make any representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent and S&P DJI shall have no liability for any errors, omissions, or interruptions of any index or the data included therein.

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