The $SPX return of -0.68% in April masked the 11th largest #drawdown since 1987. The market dropped 18.75% from its 2/19 all-time high 4/8. From 4/1 to 4/8, the $SPX declined 11.19% before rallying 11.83% from through month-end. In response, #volatility reached crisis-era levels

#May 2025 Monthly Returns*: $SPX 6.29% $PUT 0.96% $BXM 0.90% $AGG -0.72% $VIX Daily Close Average: 20.46 (High: 24.76, Low: 17.24) #volatility #Markets *Past performance is no guarantee of future results. Source: Morningstar DirectSM and Bloomberg® Index Services

#QTD as of May 31, 2025 Returns: $SPX 5.57% $PUT -0.68% $BXM -0.74% $AGG -0.33% $VIX Daily Close Average: 26.08 (High: 52.33, Low: 17.24) #volatility #Markets *Past performance is no guarantee of future results. Source: Morningstar DirectSM and Bloomberg® Index

YTD 2025 through #May 31 Returns: $SPX 1.06% $PUT -3.48% $BXM -3.81% $AGG 2.45% $VIX Daily Close Average: 21.59 (High: 52.33, Low: 14.77) #volatility #Markets *Past performance is no guarantee of future results. Source: Morningstar DirectSM and Bloomberg®

Trailing 1-Year Returns as of #May 31, 2025*: $SPX 13.52% $PUT 7.58% $BXM 9.30% $AGG 5.46% $VIX Daily Close Average: 18.66 (High: 52.33, Low: 11.94) #volatility #Markets *Past performance is no guarantee of future results. Source: Morningstar DirectSM and

After a negative first quarter of 2025 and near-bear market territory in April, the $SPX advanced 10.94% in the second quarter. The $VIX reached an intra-quarter high of 52.33 on April 8 before markets recovered from the tariff tantrum in impressive form. The $SPX ended the

#June 2025 Monthly Returns*: $SPX 5.09% $PUT 3.20% $BXM 2.66% $AGG 1.54% $VIX Daily Close Average: 18.40 (High: 22.17, Low: 16.32) #volatility #markets *Past performance is no guarantee of future results. Source: Morningstar DirectSM and Bloomberg® Index Services

#Q2 2025 Returns: $SPX 10.94% $PUT 2.50% $BXM 1.90% $AGG 1.21% $VIX Daily Close Average: 23.56 (High: 52.33, Low: 16.32) #volatility #Markets *Past performance is no guarantee of future results. Source: Morningstar DirectSM and Bloomberg® Index Services Limited.

YTD 2025 through #June 30 Returns: $SPX 6.20% $PUT -0.39% $BXM -1.25% $AGG 4.02% $VIX Daily Close Average: 21.06 (High: 52.33, Low: 14.77) #volatility #Markets *Past performance is no guarantee of future results. Source: Morningstar DirectSM and Bloomberg® Index

Trailing 1-Year Returns as of #June 30, 2025*: $SPX 15.16% $PUT 9.31% $BXM 10.25% $AGG 6.08% $VIX Daily Close Average: 19.11 (High: 52.33, Low: 12.03) #volatility #Markets *Past performance is no guarantee of future results. Source: Morningstar DirectSM and

Gateway is excited to announce we have acquired Belmont Capital Group to boost our options-based SMA strategies! With Belmont’s $1B+ AUM and single-stock risk expertise, we’re happy to enhance our custom-tailored, tax-efficient solutions and elevate client outcomes. Important

Higher market volatility isn't a reason to panic—it's an opportunity. Our CEO, Michael Buckius, notes that higher volatility & interest rates mean higher prices for equity options. This creates potential for increased income through options-selling strategies, offering a way to

#July 2025 Monthly Returns*: $SPX 2.24% $PUT 1.20% $BXM 0.72% $AGG -0.26% $VIX Daily Close Average: 16.38 (High: 17.79, Low: 14.93) #volatility #markets *Past performance is no guarantee of future results. Source: Morningstar DirectSM and Bloomberg® Index Services

YTD 2025 through #July 31 Returns: $SPX 8.59% $PUT 0.80% $BXM -0.54% $AGG 3.75% $VIX Daily Close Average: 20.34 (High: 52.33, Low: 14.77) #volatility #Markets *Past performance is no guarantee of future results. Source: Morningstar DirectSM and Bloomberg® Index

Trailing 1-Year Returns as of #July 31, 2025*: $SPX 16.33% $PUT 8.89% $BXM 9.80% $AGG 3.38% $VIX Daily Close Average: 19.29 (High: 52.33, Low: 12.77) #volatility #Markets *Past performance is no guarantee of future results. Source: Morningstar DirectSM and