The S&P 500^® FC 7% VT TCA 0.50% Decrement Index is based on the “Fast Convergence” methodology developed by and licensed from Bank of America Corporation and BofA Securities, Inc. (“BofA”), which includes a risk control mechanism that uses an intraday volatility rebalancing methodology.

The index aims to control intraday realized volatility and adapt faster to changing market conditions than a traditional index that rebalances only end-of-day. The index also aims to mitigate drawdowns and improve risk-adjusted returns.

The index was developed in collaboration with BofA.