Oil prices were steady overnight as all eyes now turn to the OPEC+ (including Russia) production meeting later tonight. Days earlier, US oil companies ExxonMobil and Chevron also reported a triple increase in profits for Q2. US and European energy stocks got a boost as British giant BP reported its highest profit in 14 years of $US8.5 billion for the second quarter. The S&P 500 fell by 0.7%, the Dow by 1.2% and tech heavy Nasdaq by 0.2%. Overnight, Wall Street was weaker across the board as House Speaker Nancy Pelosi touched down in Taiwan. At 8am AEDT, the ASX 200 August futures is pointing down by 0.20%. Local shares are set to open lower today. US and European energy stocks got a boost after huge profit by BP.Market jitters as Pelosi lands in Taiwan.April 29, 2023: Variable Insurance Trust Core Fixed Income, Variable Insurance Trust Equity Index, Variable Insurance Trust Large Cap Value, Variable Insurance Trust Mid Cap Value, Variable Insurance Trust Growth Opportunities, Variable Insurance Trust International Equity Insights, Variable Insurance Trust Government Money Market, Variable Insurance Trust Multi-Strategy Alternatives Portfolio, Variable Insurance Trust Strategic Growth, Variable Insurance Trust Small Cap Equity Insights, Variable Insurance Trust U.S.April 29, 2023: Absolute Return Tracker, Balanced Strategy Portfolio, Commodity Strategy, Defensive Equity, Dynamic Global Equity, Global Infrastructure, Global Real Estate Securities, Growth and Income Strategy Portfolio, Growth Strategy Portfolio, International Equity Dividend and Premium, International Real Estate Securities, International Tax-Managed Equity, Managed Futures Strategy, Real Estate Securities, Satellite Strategies Portfolio, U.S.March 30, 2023: Clean Energy Income, Energy Infrastructure and MLP Energy Infrastructure.February 28, 2023: China Equity, Emerging Markets Equity, Emerging Markets Equity Insights, ESG Emerging Markets Equity, GQG Partners International Opportunities, Income Builder, International Equity ESG, International Equity Income, International Equity Insights, International Small Cap Insights, Large Cap Growth Insights, Large Cap Value Insights, Multi-Manager Alternatives, Multi-Manager Global Equity, Multi-Manager Non-Core Fixed Income, Multi-Manager Real Assets Strategy, Rising Dividend Growth, Small Cap Equity Insights, Small Cap Growth Insights, Small Cap Value Insights and U.S.December 29, 2022: Capital Growth, Concentrated Growth, Enhanced Dividend Global Equity Portfolio, Equity Income, Flexible Cap, Focused Value, Global Managed Beta, Growth Opportunities, Large Cap Value, Mid Cap Value, Small Cap Growth, Small Cap Value, Small/Mid Cap Growth, Small/Mid Cap Value, Strategic Factor Allocation, Strategic Growth, Tactical Tilt Overlay, Target Date Retirement, Target Date 2025, Target Date 2030, Target Date 2035, Target Date 2040, Target Date 2045, Target Date 2050, Target Date 2055, Target Date 2060, Tax-Advantaged Global Equity Portfolio, Technology Opportunities and US Equity ESG.July 29, 2022: Bond, Core Fixed Income, Dynamic Municipal Income, Emerging Markets Debt, Global Core Fixed Income, Government Income, High Yield, High Yield Floating Rate, High Yield Municipal, Income, Inflation Protected Securities, Investment Grade Credit, Local Emerging Markets Debt, Long Short Credit Strategies, Short Duration Government, Short Duration Income, Short Duration Tax-Free, Short-Term Conservative Income, Strategic Income and U.S.Pursuant to a contractual arrangement, the Fund’s waivers and/or expense limitations will remain in place at least through the dates found below and prior to such date the Investment Adviser may not terminate the arrangements without the approval of the Fund’s Board of Trustees.

The expense ratios of the Fund, both current (net of any fee waivers or expense limitations) and before waivers (gross of any fee waivers or expense limitations) are as set forth below.

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