The Money Market Portfolio's current yield is based on investment income for the 7-day period. The effective yield assumes reinvested income. The yield quotation more closely reflects the current earnings of the money market fund than the total return quotation.
1
Non-standardized performance shown for periods prior to the inception of the share class used in this product is hypothetical and reflects the historical results of the underlying share class adjusted to reflect the impact Rule 12b-1 Distribution Plan fees would have had on that share class had the share class then existed. The share classes invest in the same portfolio of securities and will have similar performance, except to the extent that expenses borne by each class differ.
2
Non-standardized performance shown for periods prior to the inception of the share class used in this product is hypothetical and reflects the historical results of the underlying share class with the contract expenses applied to that share class’ performance. Returns listed would be lower if the actual share class available had existed because expenses in the share class available in this product are higher than the expenses in the underlying share class.
3
Certain performance information for this portfolio is currently unavailable as the portfolio’s sub-account inception date postdates the above performance results.
The Invesco V.I. Equity & Income Series II Shares portfolio's performance would have been lower had fees not been waived and/or expenses reimbursed.
Effective May 2, 2011, Invesco V.I. Basic Balanced Series II Shares subaccount merged into the Invesco Van Kampen V.I. Equity & Income Series II Shares subaccount. Non-standardized performance prior to 1/24/2002 is hypothetical based on the Invesco V.I. Basic Balanced Series I Shares which have lower expenses and therefore returns shown would be lower had the actual share class available then existed. Non-standardized performance from 1/24/2002 to 5/1/2002 is hypothetical based on the Invesco V.I. Basic Balanced Series II Shares prior to its addition to the product. Non-standardized performance from 5/1/2002 to 5/2/2011 is based on the Invesco V.I. Basic Balanced Series II Shares subaccount. Standardized performance from 5/1/2002 to 5/2/2011 is based on the Invesco V.I. Basic Balanced Series II Shares subaccount. Non-standardized performance after 5/2/2011 is that of Invesco Van Kampen V.I. Equity & Income Class II Shares. Standardized performance after 5/2/2011 is that of Invesco Van Kampen V.I. Equity & Income Class II Shares.
Effective November 20, 2017, Securian Funds Trust – Pyramis® Core Equity Fund – Class 2 Shares was replaced by Securian Funds Trust – Wellington Core Equity Fund – Class 2 Shares. Non-standardized performance prior to 1/12/2000 is hypothetical based on the Fidelity VIP Contrafund® – Initial Shares which have lower expenses and therefore returns shown would be lower had the actual share class available then existed. Non-standardized performance from 1/12/2000 to 2/01/2000 is hypothetical based on the Fidelity VIP Contrafund® – Service Class 2 Shares prior to its addition to the product. Non-standardized performance from 2/01/2000 to 5/01/2014 is based on Fidelity VIP Contrafund® – Service Class 2. Non-standardized performance results from 5/01/2014 to 11/20/2017 is that of Securian Funds Trust - Pyramis® Core Equity Fund. Non-standardized performance results after 11/20/2017 is that of Securian Funds Trust – Wellington Core Equity Fund – Class 2 Shares. Standardized performance of the subaccount prior to 5/01/2014 reflects only the returns of Fidelity VIP Contrafund® – Service Class 2 Shares. Standardized performance results from 5/01/2014 to 11/20/2017 is that of Securian Funds Trust - Pyramis® Core Equity Fund. Standardized performance results after 11/20/2017 is that of Securian Funds Trust – Wellington Core Equity Fund – Class 2 Shares.
Effective February 13, 2009, Putnam VT New Value merged into Putnam VT Equity Income. Performance prior to 2/13/2009 is that of Putnam VT New Value - Class IB Shares portfolio and performance results after 2/13/2009 is that of Putnam VT Equity Income - Class IB Shares portfolio.
On September 22, 2003, the Advantus Series Fund Asset Allocation Portfolio merged into Ivy VIP Balanced Portfolio, Advantus Series Fund International Stock Portfolio merged into Ivy VIP International Core Equity Portfolio, Advantus Series Fund Value Stock Portfolio merged into Ivy VIP Value Portfolio, Advantus Series Fund Small Company Value Portfolio merged into Ivy VIP Small Cap Value Portfolio, Advantus Series Fund Core Equity Portfolio merged into Ivy VIP Core Equity Portfolio, Advantus Series Fund Micro-Cap Growth Portfolio merged into Ivy VIP Micro Cap Growth Portfolio. Performance shown prior to 9/22/2003 is based on the performance of the underlying Advantus Series Fund portfolio. Performance after that date is based on performance of the underlying Ivy VIP portfolio.
Effective May 1, 2014, MFS® Value Series - Service Shares were replaced by Securian Funds Trust - T. Rowe Price Value Fund. Performance of the subaccount prior to 5/01/2014 reflects the returns of MFS Value Series - Service Shares and performance results after 5/01/2014 is that of Securian Funds Trust - T. Rowe Price Value Fund.
Effective May 1, 2014, Ivy VIP Growth was replaced by Securian Funds Trust - Ivy Growth Fund. Performance of the subaccount prior to 9/22/2003 is that of Advantus Series Fund Growth Portfolio. Performance results from 9/22/2003 through 5/01/2014 is that of Ivy VIP Growth. Performance results after 5/01/2014 is that of Securian Funds Trust – Ivy Growth Fund.
Effective May 1, 2014, Ivy VIP Small Cap Growth was replaced by Securian Funds Trust - Ivy Small Cap Growth Fund. Performance of the subaccount prior to 9/22/2003 is that of Advantus Series Fund Small Company Growth Portfolio. Performance results from 9/22/2003 through 5/01/2014 is that of Ivy VIP Small Cap Growth. Performance results after 5/01/2014 is that of Securian Funds Trust – Ivy Small Cap Growth Fund.
Effective November 5, 2018, Ivy VIP Micro Cap Growth merged into and was replaced by Ivy VIP Small Cap Growth. The performance shown prior to 11/5/18 is the historic performance of Ivy VIP Micro Cap Growth subaccount and the performance shown after 11/5/18 is the performance of Ivy VIP Small Cap Growth subaccount.
Effective December 3, 2018, SFT Mortgage Securities Fund merged into SFT Core Bond Fund. The performance shown is the historic performance of SFT Core Bond Fund and does not reflect the performance of the acquired SFT Mortgage Securities subaccount.
Effective November 18, 2016, Putnam VT Voyager merged into Putnam VT Growth Opportunities. Performance prior to 11/18/2016 is that of Putnam VT Voyager - Class IB Shares portfolio and performance results after 11/18/2016 is that of Putnam VT Growth Opportunities - Class IB Shares portfolio.
Effective May 24, 2019, Oppenheimer International Growth Fund/VA merged into and was replaced by Invesco Oppenheimer V.I. International Growth Fund. The performance shown prior to 5/24/2019 is the historic performance of Oppenheimer International Growth Fund/VA and the performance shown after 5/24/2019 is the performance of Invesco Oppenheimer V.I. International Growth Fund.
Subject to the November 1, 2018 Shareholder Meeting, effective on or about November 5, 2018 Ivy VIP Micro Cap Growth merged into Ivy VIP Small Cap Growth.
Effective December 3, 2018, SFT Mortgage Securities Fund merged into SFT Core Bond Fund.
Effective April 30, 2023, Putnam VT Growth Opportunities Fund was renamed Putnam VT Large Cap Growth Fund.
Effective November 20, 2017, Wellington Management Company LLP replaced FIAM, LLC as sub-adviser to the SFT Pyramis Core Equity Fund. Consequently, the fund’s name has changed to SFT Wellington Core Equity Fund. Please see the fund prospectus for additional information about the sub-adviser change. You may obtain a copy of the prospectus at www.securianfunds.com/prospectus.
Effective April 30, 2021, the investment advisor for the Ivy Variable Insurance Portfolios changed from Ivy Investment Management Company to Delaware Management Company. Additionally, effective July 1, 2021, each of the Ivy Variable Insurance Portfolio fund names was renamed to reflect the addition of “Delaware” as part of each Fund’s name.
Effective on or about May 30, 2017, and subject to certain shareholder and regulatory approvals, Janus and Henderson Group plc are expected to combine businesses. Effective as of the date of the merger, each Portfolio’s name will change to reflect “Janus Henderson VIT” as part of the Portfolio’s name.
Effective on May, 1, 2018 Advantus Capital Management, Inc. changed its name to Securian Asset Management, Inc. Effective as of the date of the name change, each Portfolio’s name changed to reflect the removal of “Advantus” as part of the Portfolio’s name. In addition, the SFT Advantus Bond Fund was renamed SFT Core Bond Fund.
Effective May 24, 2019, Oppenheimer International Growth Fund/VA merged into Invesco Oppenheimer V.I. International Growth Fund.
You could lose money by investing in a money market portfolio. Although the portfolio seeks to preserve its value at $1.00 per share, it cannot guarantee it will do so. Money market portfolios are neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The portfolio’s sponsor has no legal obligation to provide financial support to the portfolio, and you should not expect that the sponsor will provide financial support to the portfolio at any time.
Perkins Investment Management LLC is a subsidiary of Janus Henderson Group plc and serves as the sub-adviser on certain products.
The Delaware Ivy VIP Pathfinder Managed Volatility Portfolios' investment manager, Delaware Management Company (DMC), manages the investments in the underlying funds. An investment sub-advisor, Securian Asset Management, Inc., manages the volatility management strategy.
The performance of each Delaware Ivy VIP Pathfinder Portfolio is dependent on the performance of its underlying funds, and each Portfolio will assume the risks associated with its underlying funds. Because an investor is investing in funds indirectly through the Portfolio, the investor will pay a proportionate share of the applicable expenses of the underlying funds, as well as the expenses of the particular Portfolio. Please consult the prospectus for additional information about fees and expenses.
The Morningstar ETF Allocation Series Portfolios are not Exchange Traded Funds (ETFs), instead they consist of five risk-based asset allocation portfolios that invest in underlying ETFs, which are typically open-end investment companies or unit investment trusts. ETFs entail the same risks as direct stock ownership and portfolios structured as "fund of funds" will entail the same risks associated with the underlying funds and may have higher expenses than underlying funds purchased directly in the Separate Account.
The Ivy Variable Insurance Portfolios, Inc. are managed by Delaware Management Company (DMC) and distributed by Delaware Distributors, L.P.
The TOPS® Target Range™ Portfolios are managed by ValMark Advisers, Inc. and distributed by Northern Lights Distributors, LLC. and Milliman Financial Risk Management, LLC serves as the sub-advisor. Northern Lights Distributors, LLC is not affiliated with ValMark Advisers, Inc., Milliman Financial Risk Management, LLC or Securian Financial Group.
The TOPS® Managed Risk ETF Portfolios are managed by ValMark Advisers, Inc. and distributed by Northern Lights Distributors, LLC. and Milliman Financial Risk Management, LLC serves as the sub-advisor. Northern Lights Distributors, LLC is not affiliated with ValMark Advisers, Inc., Milliman Financial Risk Management, LLC or Securian Financial Group.
Standard & Poor’s®, "S&P®," "S&P500®," "Standard & Poor’s 500®," "Standard & Poor’s MidCap 400®" and "S&P MidCap 400®" are registered trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by Securian Funds Trust. SFT Index 400 Mid-Cap and SFT Index 500 are not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of investing in the Fund. The sub-account seeks investment results generally corresponding to the Index from which the sub-account takes its name. You may not invest directly in an Index.
Janus Henderson and Perkins are trademarks and registered trademarks of Janus Henderson Investors. The name Janus Henderson Investors includes HGI Group Limited, Henderson Global Investors (Brand Management) Sarl and Janus International Holding LLC.
Janus Henderson is a trademark of Janus Henderson Investors. The name Janus Henderson Investors includes HGI Group Limited, Henderson Global Investors (Brand Management) Sarl and Janus International Holding LLC.
BlackRock is a registered trademark of BlackRock, Inc. All other trademarks are the property of their respective owners.
FIDELITY, FIDELITY INVESTMENTS, FIDELITY INVESTMENTS and Pyramid logo, and Contrafund are registered service marks of FMR LLC. Used with permission.
Each Delaware Ivy VIP Pathfinder Portfolio's risk designation is relative only to the other Portfolios and does not represent comparisons to any other investment.
Here is a list of the risks associated with the variable insurance product's underlying investment choices. For specific risks related to each investment, see the prospectus.
The asset classes used here are provided by Securian Financial Services, Inc. (Securian Financial Services). Securian Financial Services reviews and updates the analysis on an annual basis. Securian Financial Services uses holdings based analysis as the primary determinant of investment style and asset class, but may supplement this analysis with returns based style analysis or qualitative information. Holdings based analysis is a technique that analyzes the underlying holdings of a fund to identify the overall style of the fund at a point in time or over a particular time period. Because the funds are classified according to their actual underlying holdings, the classification may not correspond to the stated investment style as described by the fund’s prospectus or other documents or by other ranking firms. A fund’s asset class category is subject to change at any time. You should read the fund’s prospectus carefully to understand the risks and objectives of the fund before you invest in it.
Asset Allocation: Neither diversification nor asset allocation guarantee against loss, they are methods used to manage risk. Because these funds deploy an asset allocation strategy, investment risks may vary. One should consult the prospectus for details.
Emerging Markets: Investments in emerging markets involve heightened risks due to their smaller size, decreased liquidity and exposure to political turmoil or rapid changes in economic conditions not normally experienced by more developed countries.
High Yield: High yield, lower-rated (junk) bonds generally have greater price swings and higher default risks. Debt obligations are affected by changes in interest rates and the creditworthiness of their issuers.
International Bond: Investment risks associated with international investing, in addition to other risks, may include currency fluctuations, political, social and economic instability and differences in accounting standards when investing in foreign markets. Debt obligations are affected by changes in interest rates and the creditworthiness of their issuers.
International Large Cap: Investment risks associated with international investing, in addition to other risks, may include currency fluctuations, political, social and economic instability and differences in accounting standards when investing in foreign markets.
International Small Cap: Investments in small, mid or micro cap companies involve greater risks not associated with investing in more established companies, such as business risk, stock price fluctuations, increased sensitivity to changing economic conditions, less certain growth prospects and illiquidity. Investment risks associated with international investing, in addition to other risks, may include currency fluctuations, political, social and economic instability and differences in accounting standards when investing in foreign markets.
Managed Volatility: Although Managed Volatility Portfolios seek to minimize the impact of market downturns, their hedging strategies may limit some upside potential. As with any variable investment, investing in Managed Volatility Portfolios involves investment risk, including the loss of principal. Neither diversification nor asset allocation guarantee against loss, they are methods used to manage risk. Because these funds deploy an asset allocation strategy, investment risks may vary. One should consult the prospectus for details.
Natural Resources & Commodities: Investments in commodities and natural resources involve heightened risk due to leveraging and speculative investment practices, lack of periodic valuation requirements and potentially complex tax structures.
Real Estate Equities: Investment risks associated with real estate investing, in addition to other risks, include rental income fluctuation, depreciation, property tax value changes, and differences in real estate market values.
Sector: Investments that focus in one sector may involve a greater degree of risk and volatility than an investment with greater diversification.
Small/Mid Cap Growth, Small/Mid Cap Value and Small/Mid Cap Blend: Investments in small, mid or micro cap companies involve greater risks not associated with investing in more established companies, such as business risk, stock price fluctuations, increased sensitivity to changing economic conditions, less certain growth prospects and illiquidity.
U.S. Domestic Short/Intermediate/Long-Term Bond: Investments in fixed income securities are subject to the creditworthiness of their issuers and interest rate risk. As such, the net asset value of bond and real estate funds will fall as interest rates rise.
