AIG Strategic Bond Fund

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1 Class A: SDIAX Class C: SDIBX Class C: NAICX Class W: SDIWX AIG Strategic Bond Fund Combining Four Global Bond Strategies to Deliver High Income and Capital Appreciation Potential

2 Combining Four Global Bond Strategies to Deliver High Income and Capital Appreciation Potential For Investors Seeking a High Level of Total Return Volatility and uncertainty in financial markets have left many bond investors embracing fresh approaches in their search for income and ways to help manage market risk. Traditional income strategies have typically helped anchor fixed income portfolios. However, given potentially higher interest rates and market sensitivity, investors may need to rethink these strategies. Consider expanding your portfolio to include a multi-sector solution that has the potential to take advantage of changing market conditions across the broader fixed income universe and has the flexibility to adapt to rapidly changing environments. The AIG Strategic Bond Fund can help you navigate today s market uncertainties while delivering high income and capital appreciation potential. A Flexible Multi-Sector Fixed Income Solution Low Interest Rate Sensitivity Long-Term Results Through Multiple Market Cycles

3 A Flexible Multi-Sector Fixed Income Solution The geographic and sector diversification within multi-sector fixed income strategies may provide investors with higher yield and low interest rate sensitivity. However, moving away from typical, domestic benchmark-driven strategies can intimidate investors. The AIG Strategic Bond Fund adopts a measured approach to fixed income investing, with broad, yet transparent guidelines and a keen eye towards managing risk. Active Allocation to Help Diversify Holdings and Enhance Returns The Fund has the flexibility to shift its investment focus to potentially capitalize on the most attractive areas of the fixed income markets. Flexible investment guidelines within given ranges enable the portfolio management team to adapt to changing conditions. The Fund employs the same approach used to manage accounts for large pension funds and other sophisticated investors, leading to a management style where prudent risks are undertaken to help deliver commensurate rewards. Flexible Investment Guidelines Lower Credit Quality Higher International Domestic U.S. High Yield 0 70% Emerging Market Bonds 0 40% U.S. Investment Grade Bonds 0 70% Non-USD Investment Grade Bonds 0 20% Diversification does not guarantee a profit or protection from loss.

4 Low Interest Rate Sensitivity The ability to shift allocations has helped enable the Fund to perform well over multiple market cycles and manage the effects of rising interest rates. Relatively low exposure to government bonds has enabled the Fund to move independently, as demonstrated by its zero correlation to US Treasuries. 1 This has helped shield investors from losses when rates have risen. For example, consider what happened from , when the Fed Funds Rate increased by more than 4%. During this period, the Fund generated a cumulative return of 26.8%, or an average of 8.2% per year. Of course, past performance does not guarantee future results. The Fund Has Historically Generated Strong Returns in Rising Rate Environments 6% Jan Dec % Fed Funds Target Rate 4% 3% 2% SDIAX returned 26.8% as the Fed Funds Rate increased from 1% to 5.25% 1% 0% Fed Funds Rate %* Fund Annual Return %* * As of December 31 for each year provided. Fund annual returns for Class A. Past performance does not guarantee future results. The Fund returns shown are at NAV and do not take into consideration sales charges; if they had, returns would be lower. Fund Expense Ratio, Class A: 1.34%. 1 Zephyr 10-year correlations as of 6/30/17. Correlation is measured on a scale from -1.0 to +1.0 in value. A correlation of 1.0 indicates a perfect positive relationship, while a correlation of -1.0 indicates a perfect negative relationship.

5 Long-Term Results Through Multiple Market Cycles The AIG Strategic Bond Fund is managed by PineBridge Investments, a global, multi-asset class investment manager with proven expertise in fixed income markets. The Fund combines strategic asset allocation and bottom-up security selection to provide total return potential throughout changing market conditions. Supported by a dedicated team of more than 80 investment professionals with specialized skills in each of the asset classes and sectors they cover, the Fund has delivered a long history of positive returns despite varying market cycles. Since its inception in late 1993, the Fund has experienced only three down years, with average annual total returns of 6.28%. Past performance is not a guarantee of future results. A Long History of Positive Returns Hypothetical Growth of $10,000 Annually Since Inception 50,000 40,000 30,000 20,000 10,000 $40, % Average Annual Return Since Inception Only 3 Down Years in the Fund s 23-Year History $0 11/93 6/96 6/99 6/02 6/05 6/08 6/11 6/14 6/17 $10,000 initial investment in Class A from Fund inception through June 30, 2017, with all income dividends and capital gains reinvested. Includes a maximum 4.75% sales charge. This chart is hypothetical and is for illustrative purposes only. Fund Average Annual Returns As of 6/30/17 Class A 1-Year 3-Year 5-Year 10-Year Since Inception (11/1/93) At Net Asset Value 5.36% 2.12% 3.72% 4.91% 6.28% With Maximum Sales Charge 0.28% 0.47% 2.73% 4.40% 6.06% Bloomberg Barclays U.S. Aggregate Bond Index -0.31% 2.48% 2.21% 4.48% 5.31% Performance data quoted represents past performance and is not a guarantee of future results. Assumes reinvestment of all distributions at net asset value. Class A maximum sales charge: 4.75%. Class A gross operating expenses: 1.34%. The Fund s daily net asset value is not guaranteed and shares are not insured by the FDIC, the Federal Reserve Board or any other agency. Current performance may be higher or lower than that shown. The investment return and principal value of an investment will fluctuate so that an investor s shares, when redeemed, may be worth more or less than their original cost. Performance as of the most recent month end is available at aig.com/funds. The Bloomberg Barclays U.S. Aggregate Bond Index represents securities that are U.S. domestic, taxable and dollar denominated. The index covers components for government and corporate securities, mortgage pass-though securities and asset-backed securities. Please note that indices are not managed and an investor cannot invest directly in an index.

6 About PineBridge Investments* PineBridge is global, multi-asset class investment manager with more than $80 billion in assets under management. The firm s fixed income capabilities feature a nimble investment approach able to add alpha where larger managers may not. Other features include: A broad fixed income investment management platform More than 80 portfolio managers and analysts Globally interconnected structure enables nimble communication and portfolio positioning Experienced team managing assets for institutional and retail clients around the globe CONTACT YOUR FINANCIAL ADVISOR or visit aig.com/funds for more information. *Data as of March 31, Important Information Interest rates and bond prices typically move inversely to each other; therefore, as with any bond fund, the value of an investment in this Fund may go up or down in response to changes in interest rates. High-yield bonds tend to have lower interest rate risk than higher-quality bonds of similar maturity but carry greater credit and default risk. Investing internationally involves special risks, such as currency fluctuations, and economic and political instability. Past performance is not indicative of future results. We are not soliciting or recommending any action based on this material. Certain information may be based on information received from sources PineBridge Investments considers reliable; PineBridge Investments does not represent that such information is accurate or complete. Any opinions, projections, forecasts and forward-looking statements presented herein are valid only as of the date of this document and are subject to change. There is no assurance that any stated targets or ranges will be met. This document is intended for distribution only to existing and prospective investors for whom it is suitable and does not constitute an offer of units. Its general circulation may be restricted by law in certain jurisdictions. Unless otherwise noted, all information is sourced from PineBridge Investments internal data. PineBridge Investments is a group of international companies acquired by Pacific Century Group from American International Group, Inc. in March PineBridge Investments companies provide investment advice and market asset management products and services to clients around the world. PineBridge Investments is a service mark proprietary to PineBridge Investments IP Holding Company Limited. PineBridge Investments is an independent and unaffiliated registered investment advisor and a subadvisor to certain SunAmerica Asset Management, LLC-advised mutual funds. Services and products are provided by one or more affiliates of PineBridge Investments; however certain incidental middle and back office services may be outsourced to third parties. Investors should carefully consider a Fund s investment objectives, risks, charges and expenses before investing. The prospectus, containing this and other important information, can be obtained from your financial advisor, the AIG Funds Sales Desk at , ext. 6003, or at aig.com/funds. Read the prospectus carefully before investing. AIG Funds are advised by SunAmerica Asset Management, LLC (SAAMCo) and distributed by AIG Capital Services, Inc. (ACS), Member FINRA. Harborside 5, 185 Hudson Street, Suite 3300, Jersey City, NJ 07311, SAAMCo and ACS are members of American International Group, Inc. (AIG). Not FDIC or NCUA/NCUSIF Insured May Lose Value No Bank or Credit Union Guarantee Not a Deposit Not Insured by any Federal Government Agency S5091BRO.16 (7/17) aig.com/funds