Most investments today target speculative returns, with uncertain levels of risk, over an uncertain period. While opportunistic, this approach to investing brings a degree of uncertainty. Cboe Vest was founded in 2012 based on the conviction that investors desire more certainty in their investment outcomes. To address this market need, Cboe Vest created Target Outcome Investments®, which target a defined return profile, with an allowance for a specific level of risk, at a particular point in time. These leading-edge investments were first introduced to the market in 2013 with Cboe Vest’s flagship Buffer Protect Strategy. Today, Cboe Vest manages $10B+ of Target Outcome Investments*, seeking to buffer losses, provide consistent income, enhance returns, or manage volatility, with a level of predictability unattainable with most other investments available today. These investments are available as mutual funds, exchange-traded funds (ETFs), unit investment trusts (UITs), retirement-specific products such as collective investment trusts (CITs), and customizable managed accounts / sub-advisory services. To explore the evolution of Target Outcome Investments, visit cboevest.com/#/timeline. *As of 12/31/2022.