WealthQuest III Variable Annuity PERFORMANCE REPORT

Transcription

1 PERFORMANCE REPORT The WealthQuest III Variable Annuity (not available in all states) is issued by American National Insurance Company (Policy Form WQIII-NQ and WQIII-PQ or 6WQIII-NQC and 6WQIII-PQC) and distributed through Securities Management and Research, Inc. (SM&R). Member FINRA/SIPC. SM&R is independent of the American National Family of Companies. SM&R s address is 701 Tama Street, Building B, P. O. Box 868, Marion, Iowa For complete information about the WealthQuest III Variable Annuity or any of its underlying portfolios, call for a free copy of the applicable prospectus. The Prospectus for the variable product contains more complete information including all insurance fees and charges. The Prospectuses for the underlying portfolios also include more complete information. All investors are advised to consider the invest ment objectives, risks, and charges and expenses of the underlying portfolios carefully before investing. The prospectuses contain other information about the portfolios and the investment companies. You should read the prospectuses carefully before investing. Variable products are suitable for long-term investing, such as retirement investing. Form 4922 PAGE 1 OF 7 August 2012

2 WealthQuest III Variable Annuity l P E R F O R M A N C E R E P O R T PORTFOLIO DISCLOSURES than larger, more-established companies owing to such factors as inexperienced management and limited financial resources. The following disclosures are applicable to the respective portfolios in which the subaccounts invest. (16) Additional risks of investing in this portfolio are: (a) the possibility of greater risk by investing in small-and medium-sized companies (in (1) An investment in the portfolio is not insured or addition to large, more-established companies) owing to such factors as guaranteed by the Federal Deposit Insurance Corporation or inexperienced management and limited financial resources; (b) the risk any other government agency. Although the portfolio seeks that the cost of borrowing money to leverage will exceed the returns of to preserve the value of the portfolio at $1.00 per share, it the securities purchased or that the securities purchased may actually is possible to lose money by investing in the portfolio. go down in values; thus, the portfolio s net asset value can decrease (2) The investment adviser is waiving all or part of its fees and, in addition, more quickly than if the portfolio had not borrowed. may reimburse the underlying investment option for a portion of its (17) The securities of smaller, less well-known companies may be more expenses. If these reimbursements or waivers were not in effect, total volatile than those of larger companies. returns would have been lower. (18) Investing in emerging growth companies is riskier than investing (3) Portfolio turnover is greater than most funds, which may affect in more-established companies. Investing in foreign and/or emerging performance. markets securities involves risks relating to interest rates, currency (4) Investing in a single-sector mutual fund involves greater risk and exchange rates, economic, and political conditions. potential reward than investing in a more diversified fund. (19) An investment in stocks of mid-cap companies entails greater risk (5) International investments include currency risk due to fluctuations than the shares of larger companies. in exchange rates, as well as additional economic and political risks (20) Not available for investment in contracts issued on or after May 1, inherent to foreign country investing (6) High Yield Bond investing includes fixed income securities of medium (21) The fund invests substantial assets in REITs that involve risks not and lower-grade corporate debt securities generally associated with associated with investing in stocks. higher risks and higher yield potential. (22) The fund may invest a portion of its assets in synthetic instruments, (7) An investment in this portfolio is not insured or guaranteed by the such as warrants, futures, options, exchange-traded funds and American U.S. Government, its agencies, or instrumentalities. depositary Receipts (ADRs), the value of which may not correlate perfectly (8) At any given time, the fund may be subject to sector risk, which with the overall security market. Risks associated with synthetic instruments means a certain sector may underperform other sectors or the market may include counter party risk and sensitivity to interest rate changes and as a whole. The fund is not limited with respect to the sectors in which market price fluctuations. See the prospectus for more details. it can invest. (23) Foreign securities have additional risks, including exchange rate (9) The fund may invest in small and mid-sized companies that changes, political and economic upheaval, the relative lack of information involve greater risks not associated with investing in more established about these companies, relatively low market liquidity and the potential companies. Additionally, small companies may have business risk, lack of strict financial and accounting controls and standards. significant stock price fluctuations and illiquidity. (24) The values of convertible securities will be affected by market interest (10) The fund may invest up to 25% of its assets in securities of non- rates and the value of the underlying common stock into which these U.S. issuers that present risks not associated with investing solely in the securities may be converted. The prices of securities in the fund may United States. Securities of Canadian issuers and American Depository decline in response to market risks, changes in interest rates, effective Receipts are not subject to this 25% limitation. maturities and credit ratings of those securities. If the seller of a repurchase (11) Investing in mid-sized companies involves greater risk not associated with investing in more established companies. (12) International investing presents certain risks not associated with investing solely in the united States. These include, for instance risks relating to fluctuations in the value of the U.S. dollar relative to the value of other currencies, custody arrangements made for the fund s foreign agreement in which the fund invests defaults or declares bankruptcy, the fund may experience delays in selling the securities underlying the repurchase agreement. As a result, the fund may experience losses, reduced levels of income and additional expenses. (25) Formerly Alger American Small Capitalization Portfolio. Not available for investment in contracts issued on or after July 1, holdings, political risks, differences in accounting procedures and the (26) Effective September 23, 2009, the Fund name changed from The lesser degree of public information required to be provided by non-u.s. Alger American Fund to The Alger Fund. All portfolios names of The companies. Alger American Fund also changed by removing American from the (13) Investing in micro and small companies involves greater risks not associated with investing in more established companies, such as business risk, significant stock prize fluctuations and illiquidity. (14) The real estate industry is highly cyclical, and the underlying value of securities issued by companies doing business in that sector may be illiquid and fluctuate widely. The real estate industry, and therefore name. The Alger American Fund Class O shares were reclassified as Class I-2 shares. (27) Effective May 2, 2011, the Invesco V.I. Dynamics Fund was acquired by the Invesco V.I. Capital Development Fund and the Invesco V.I. Financial Services Fund was acquired by the Invesco V.I. Dividend Growth Fund. the performance of the fund, is highly sensitive to economic conditions, (28) Effective December 2, 2011, the Federated Capital Income Fund II interest rates, property taxes, overbuilding, real estate values and name changed to Federated Managed Volatility Fund II. changes in rental income. (15) An additional risk of investing in the portfolio is the possibility of greater risk by investing in smaller, less seasoned companies rather Form 4922 PAGE 2 OF 7 August 2012

3 WealthQuest III Variable Annuity l P E R F O R M A N C E R E P O R T NON-STANDARDIZED PERFORMANCE REPORT DISCLOSURES: The Non-Standardized performance reports are current as of the date shown at the top of the report. Performance data quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor s units, when redeemed, may be worth more or less than their original cost. performance may be lower or higher than the performance data quoted. The WealthQuest III Variable Annuity is a long-term investment vehicle and each premium payment is subject to a maximum deferred sales charge of 7% in the first year, declining each year through year 6 following that premium payment. There may be a 10% IRS tax penalty for early withdrawals prior to age 59½. * The Non-Standardized performance figures reported on pages 4 and 5 reflect hypothetical past performance of the WealthQuest III Variable Annuity s subaccounts based on the underlying portfolios, which were in existence prior to their availability for sale in the WealthQuest III Variable Annuity. Each portfolio s date of inception ( Inception Date ) is shown. Returns were calculated on a pro forma basis from the inception date of the portfolios. Mortality and Expense Risk and Administrative Charge have been assessed in determining pro forma returns although these portfolios were not available for sale through this contract during a portion of the period. Returns are cumulative for portfolios in existence less than one year. The Non-Standardized Performance Reports represent past performance based on a $1,000 hypothetical investment and reflect the deduction of a Mortality and Expense Risk Fee and Administrative Asset Fee. The Mortality and Expense Risk Fee and Administration Asset Fee as an annual percentage of average net assets is 1.35% prior to February 1, 2002 and 1.20% after January 31, The non-standardized reports do not reflect charges for optional enhanced death benefit riders. The non-standardized performance report on page 4 does not reflect the deduction of the Surrender Charge and a $35 Annual Contract Fee. The performance figures would be lower if the Surrender Charge and Annual Contract Fee were included. The non-standardized performance report on page 5 reflects the deduction of the Surrender Charge and a $35 Annual Contract fee. The interest rates credited to the WealthQuest III Variable Deferred Annuity Fixed Accounts are guaranteed by American National Insurance Company never to fall below 3%. These Fixed Accounts may be subject to any applicable withdrawal charges if withdrawn. Rates subject to change without notice. N/A means the information or performance data is either not applicable or not available for all or part of the period indicated. yield is for the seven days ending on the date shown at the top of the report. The current yield quotation more closely reflects the current earnings of the money market portfolio in the product. Reflects the 7-day current yield with and without applicable investment advisory fee waivers or excess expense reimbursements. Year-To-Date returns are cumulative. The returns for subaccounts that invest in an underlying portfolio with a 12b-1 fee, reflect the historical performance of that share class of the underlying portfolio. Form 4922 PAGE 3 OF 7 August 2012

4 N O N - STANDARDIZED PERFORMANCE REPORT This report does not reflect deduction of a surrender charge or annual contract fee. It reflects non-standardized average annual total returns current as of 08/31/2012. The American National Insurance Company fixed account interest rate was 3.00% as of 08/31/2012. Performance data quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor s units, when redeemed, may be worth more or less than their original cost. performance may be lower or higher than the performance data quoted. The performance report for this product, current to the most recent month-end, can be found at Yield Inception Since With Without Subaccounts Date* Inception* YTD 1-Year 3-Year 5-Year 10-Year Waiver Waiver THE ALGER FUND CLASS I-2 SHARES (26) Alger Balanced Portfolio (26) 9/5/ % 4.75% 4.24% 6.61% 0.05% 3.69% Alger Large Cap Growth Portfolio (26) 1/9/ % 8.20% 9.03% 9.92% -0.43% 5.06% Alger Growth & Income Portfolio (26) 11/15/ % 10.75% 16.95% 12.21% 0.58% 4.62% Alger Capital Appreciation Portfolio (16,26) 1/25/ % 15.44% 14.54% 13.27% 3.09% 9.12% Alger Mid Cap Growth Portfolio (17,26) 5/3/ % 11.62% 8.93% 10.53% -4.06% 5.79% Alger Small Cap Growth Portfolio (15,25,26) 9/21/ % 8.54% 12.91% 13.03% 0.31% 9.35% FEDERATED INSURANCE SERIES Federated High Income Bond Fund II-Primary Shares (6) 3/1/ % 9.49% 12.90% 12.74% 7.56% 8.17% Federated Managed Volatility Fund II (2,28) 2/10/ % 8.40% 11.22% 10.01% 4.56% 6.78% Federated Kaufmann Fund II-Primary Shares (5,8,15) 4/30/ % 12.02% 5.96% 6.65% -2.29% 6.46% Federated Fund for U.S. Government Securities II (7) 3/28/ % 1.97% 2.98% 3.66% 4.13% 3.15% Federated Quality Bond Fund II-Primary Shares (5,6) 4/28/ % 6.35% 5.65% 5.94% 5.20% 3.99% FIDELITY VARIABLE INSURANCE PRODUCTS - SERVICE CLASS 2 SHARES Fidelity VIP Growth Strategies Portfolio (2,17) 12/27/ % 7.03% 1.52% 9.65% -3.42% 3.85% Fidelity VIP Contrafund Portfolio (2) 1/3/ % 12.56% 12.74% 11.14% 0.14% 6.85% Fidelity VIP Index 500 Portfolio (2) 8/27/ % 12.35% 16.20% 11.93% -0.20% 4.89% Fidelity VIP Growth Opportunities Portfolio (2) 1/3/ % 18.46% 18.71% 18.24% 0.34% 5.03% Fidelity VIP Mid Cap Portfolio (2) 12/28/ % 9.15% 2.73% 10.70% 0.72% 9.21% Fidelity VIP Value Portfolio (2) 5/9/ % 13.25% 16.51% 11.29% -2.33% 4.73% Fidelity VIP Value Strategies Portfolio (2) 2/20/ % 16.95% 14.49% 12.88% -1.10% 7.03% Fidelity VIP Value Leaders Portfolio (2) 6/17/ % 7.36% 6.17% 3.96% -6.37% N/A Fidelity VIP Growth & Income Portfolio (2) 12/31/ % 13.53% 18.13% 11.51% -0.85% 4.17% Fidelity VIP Equity-Income Portfolio (2) 10/9/ % 11.80% 14.65% 10.58% -2.57% 4.38% Fidelity VIP Investment Grade Bond Portfolio (2) 12/5/ % 4.08% 5.34% 6.20% 5.39% 4.11% Fidelity VIP Money Market Portfolio (1) 1/12/ % -0.79% -1.18% -1.16% -0.22% 0.55% -0.89% -0.89% AIM VARIABLE INSURANCE FUNDS (Invesco Variable Insurance Funds) - SERIES I SHARES (27) Invesco Van Kampen V.I. Mid Cap Growth Fund (8,9,10,23,27) 6/1/ % 1.89% 0.12% N/A N/A N/A Invesco V.I. Small Cap Equity Fund (3,8,10,13) 8/29/ % 7.30% 11.78% 12.92% 1.51% N/A Invesco V.I. Diversified Dividend Fund (4,10,11,22,27) 3/1/ % 12.27% 16.99% 9.61% -1.43% 3.31% Invesco V.I. Global Health Care Fund (3,4,10,11,12,23) 5/21/ % 13.93% 12.57% 9.91% 2.74% 5.34% Invesco V.I. Global Real Estate Fund (3,4,9,10,12,14,18,21,22,23,24) 3/31/ % 17.75% 10.21% 11.22% -3.05% 9.02% Invesco V.I. Technology Fund (3,4,10,11) 5/20/ % 10.98% 12.92% 12.58% 0.78% 5.84% Invesco V.I. Utilities Fund (4,10,11) 12/30/ % 3.11% 8.70% 10.70% 0.75% 8.69% MFS VARIABLE INSURANCE TRUST - INITIAL CLASS SHARES MFS Core Equity Series MFS Growth Series (18) MFS Investors Trust Series MFS Research Series T. ROWE PRICE T. Rowe Price Equity Income Portfolio T. Rowe Price International Stock Portfolio (5) T. Rowe Price Limited-Term Bond Portfolio T. Rowe Price Mid-Cap Growth Portfolio (19,20) 8/14/ % 11.64% 13.42% 11.68% 0.22% 5.12% 7/24/ % 13.29% 13.96% 12.84% 2.80% 7.22% 10/9/ % 13.79% 13.99% 9.58% 0.61% 5.05% 7/26/ % 12.92% 15.05% 11.68% 1.64% 6.16% 3/31/ % 11.14% 15.07% 10.05% -0.79% 5.05% 3/31/ % 7.55% -0.54% 5.43% -3.28% 5.28% 5/13/ % 1.41% 1.17% 1.54% 2.60% 2.33% 12/31/ % 9.08% 10.32% 14.55% 3.33% 9.70% Form 4922 PAGE 4 OF 7 August 2012

5 N O N - STANDARDIZED PERFORMANCE REPORT This report reflects deduction of a surrender charge and annual contract fee. It reflects non-standardized average annual total returns current as of 08/31/2012. The American National Insurance Company fixed account interest rate was 3.00% as of 08/31/2012. Performance data quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor s units, when redeemed, may be worth more or less than their original cost. performance may be lower or higher than the performance data quoted. The performance report for this product, current to the most recent month-end, can be found at Yield Inception Since With Without Subaccounts Date* Inception* YTD 1-Year 3-Year 5-Year 10-Year Waiver Waiver THE ALGER FUND CLASS I-2 SHARES (26) Alger Balanced Portfolio (26) 9/5/ % -1.85% -5.61% 1.66% -4.63% 0.37% Alger Large Cap Growth Portfolio (26) 1/9/ % 1.38% -1.12% 5.07% -5.46% 1.98% Alger Growth & Income Portfolio (26) 11/15/ % 3.77% 6.45% 7.38% -4.53% 1.31% Alger Capital Appreciation Portfolio (16,26) 1/25/ % 8.44% 4.04% 8.55% -1.65% 6.47% Alger Mid Cap Growth Portfolio (17,26) 5/3/ % 4.62% -1.21% 5.76% -9.78% 3.11% Alger Small Cap Growth Portfolio (15,25,26) 9/21/ % 1.70% 2.52% 8.37% -4.80% 7.01% FEDERATED INSURANCE SERIES Federated High Income Bond Fund II-Primary Shares (6) 3/1/ % 2.59% 2.51% 8.19% 3.57% 5.39% Federated Managed Volatility Fund II (2,28) 2/10/ % 1.57% 0.94% 5.22% 0.26% 3.82% Federated Kaufmann Fund II-Primary Shares (5,8,15) 4/30/ % 5.02% -3.99% 1.67% -7.34% 3.91% Federated Fund for U.S. Government Securities II (7) 3/28/ % -4.45% -6.79% -1.33% 0.16% -0.50% Federated Quality Bond Fund II-Primary Shares (5,6) 4/28/ % -0.35% -4.29% 1.02% 1.24% 0.47% FIDELITY VARIABLE INSURANCE PRODUCTS - SERVICE CLASS 2 SHARES Fidelity VIP Growth Strategies Portfolio (2,17) 12/27/ % 0.29% -8.16% 4.93% -8.93% 0.69% Fidelity VIP Contrafund Portfolio (2) 1/3/ % 5.56% 2.36% 6.32% -4.92% 4.10% Fidelity VIP Index 500 Portfolio (2) 8/27/ % 5.35% 5.70% 7.12% -5.41% 1.72% Fidelity VIP Growth Opportunities Portfolio (2) 1/3/ % 11.46% 8.21% 13.78% -5.18% 1.68% Fidelity VIP Mid Cap Portfolio (2) 12/28/ % 2.27% -7.02% 6.12% -4.00% 6.92% Fidelity VIP Value Portfolio (2) 5/9/ % 6.25% 6.01% 6.45% -7.88% 1.72% Fidelity VIP Value Strategies Portfolio (2) 2/20/ % 9.95% 4.00% 8.20% -6.51% 4.43% Fidelity VIP Value Leaders Portfolio (2) 6/17/ % 0.59% -3.79% -1.17% % N/A Fidelity VIP Growth & Income Portfolio (2) 12/31/ % 6.53% 7.63% 6.60% -6.19% 0.84% Fidelity VIP Equity-Income Portfolio (2) 10/9/ % 4.80% 4.15% 5.66% -8.20% 1.23% Fidelity VIP Investment Grade Bond Portfolio (2) 12/5/ % -2.48% -4.58% 1.27% 1.43% 0.60% Fidelity VIP Money Market Portfolio (1) 1/12/ % -7.04% % -6.28% -4.48% -3.46% -7.81% -7.81% AIM VARIABLE INSURANCE FUNDS (Invesco Variable Insurance Funds) - SERIES I SHARES (27) Invesco Van Kampen V.I. Mid Cap Growth Fund (8,9,10,23,27) 6/1/ % -4.53% -9.46% N/A N/A N/A Invesco V.I. Small Cap Equity Fund (3,8,10,13) 8/29/ % 0.54% 1.45% 8.22% -3.36% N/A Invesco V.I. Diversified Dividend Fund (4,10,11,22,27) 3/1/ % 5.27% 6.49% 4.62% -6.74% -0.16% Invesco V.I. Global Health Care Fund (3,4,10,11,12,23) 5/21/ % 6.93% 2.20% 4.96% -1.83% 2.19% Invesco V.I. Global Real Estate Fund (3,4,9,10,12,14,18,21,22,23,24) 3/31/ % 10.75% -0.01% 6.53% -8.65% 6.83% Invesco V.I. Technology Fund (3,4,10,11) 5/20/ % 3.98% 2.53% 7.84% -4.31% 2.84% Invesco V.I. Utilities Fund (4,10,11) 12/30/ % -3.39% -1.43% 5.95% -4.06% 6.23% MFS VARIABLE INSURANCE TRUST - INITIAL CLASS SHARES MFS Core Equity Series MFS Growth Series (18) MFS Investors Trust Series MFS Research Series T. ROWE PRICE T. Rowe Price Equity Income Portfolio T. Rowe Price International Stock Portfolio (5) T. Rowe Price Limited-Term Bond Portfolio T. Rowe Price Mid-Cap Growth Portfolio (19,20) 8/14/ % 4.64% 2.99% 6.90% -4.85% 1.99% 7/24/ % 6.29% 3.50% 8.10% -1.92% 4.36% 10/9/ % 6.79% 3.53% 4.62% -4.28% 1.88% 7/26/ % 5.92% 4.55% 6.86% -3.21% 3.17% 3/31/ % 4.14% 4.57% 5.13% -5.98% 2.00% 3/31/ % 0.77% % 0.53% -8.39% 2.51% 5/13/ % -4.98% -8.48% -3.50% -1.44% -1.38% 12/31/ % 2.21% 0.09% 10.03% -1.36% 7.32% Form 4922 PAGE 5 OF 7 August 2012

6 WealthQuest III Variable Annuity l P E R F O R M A N C E R E P O R T STANDARDIZED PERFORMANCE REPORT DISCLOSURES: The standardized performance report is current as of the date shown at the top of the report. Performance data quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor s units, when redeemed, may be worth more or less than their original cost. performance may be lower or higher than the performance data quoted. The WealthQuest III Variable Annuity is a long-term investment vehicle and each premium payment is subject to a maximum deferred sales charge of 7% in the first year, declining each year through year 6 following that premium payment. There may be a 10% IRS tax penalty for early withdrawals prior to age 59½. * Adoption Date is the date the underlying portfolio first became available in the American National Variable Annuity Separate Account. Wealth- Quest III Variable Annuity was first offered to the public on Returns are cumulative for portfolios that have been available through the Separate Account less than one year. The returns reflect the investment experience of a $1,000 investment as though WealthQuest III Variable Annuity had been in existence since the Adoption Date. The performance figures reflect the performance of the under lying portfolio adjusted by the deduction of a $35 Annual Contract Fee, Mortality and Expense Risk Fees and Administrative Asset Fee, and the Surrender Charge that would apply only in the event of a contract surrender at the end of the applicable period. The Mortality and Expense Risk Fee and Administration Asset Fee as an annual percentage of average net assets is 1.35% prior to February 1, 2002 and 1.20% after January 31, The WealthQuest III Variable Annuity contains a death benefit. The contract owner may choose between three optional enhanced death benefit riders. The charge for the 5% Guaranteed Death Benefit Rider, which is the most expensive optional death benefit, is.35%. Standardized Performance assumes that the contract owner has chosen the 5% Guaranteed Death Benefit Rider. The charge for the 5% Guaranteed Death Benefit Rider was.42% prior to February 1, 2002 and.35% after January 31, These charges are reflected in the standardized performance results. Yield is for the seven days ending on the date shown at the top of the report. The current yield quotation more closely reflects the current earnings of the money market portfolio in the product. Reflects the 7-day current yield with and without applicable investment advisory fee waivers or excess expense reimbursements. The returns for subaccounts that invest in an underlying portfolio with a 12b-1 fee, reflect the historical performance of that share class of the underlying portfolio. N/A means the information or performance data is either not applicable or not available for all or part of the period indicated. SEC and FINRA regulators require standardized performance to accompany all product performance figures. Form 4922 PAGE 6 OF 7 August 2012

7 STANDARDIZED PERFORMANCE REPORT This report reflects deduction of a surrender charge and annual contract fee. It reflects standardized average annual total returns current as of periods shown below. The American National Insurance Company fixed account interest rate was 3.00% as of 08/31/2012. Performance data quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor s units, when redeemed, may be worth more or less than their original cost. performance may be lower or higher than the performance data quoted. The performance report for this product, current to the most recent month-end, can be found at Returns as of 06/30/12 Returns as of 08/31/12 Yield Yield Adoption Since With Without Since With Without Subaccounts Date * Adoption * 1-Year 5-Year 10-Year Waiver Waiver Adoption* 1-Year 5-Year 10-Year Waiver Waiver THE ALGER FUND CLASS I-2 SHARES (26) Alger Balanced Portfolio (26) Alger Large Cap Growth Portfolio (26) Alger Growth & Income Portfolio (26) Alger Capital Appreciation Portfolio (16,26) Alger Mid Cap Growth Portfolio (17,26) Alger Small Cap Growth Portfolio (15,25,26) FEDERATED INSURANCE SERIES Federated High Income Bond Fund II-Primary Shares (6) 10/1/ % -3.07% 2.24% 4.57% 0.50% 2.14% 3.16% 4.96% Federated Managed Volatility Fund II (2,28) 10/1/ % -5.64% -1.13% 1.48% -2.45% 0.57% -0.13% 3.40% Federated Kaufmann Fund II-Primary Shares (5,8,15) 5/1/ % % -8.47% N/A 0.73% -4.34% -7.72% N/A Federated Fund for U.S. Government Securities II (7) 10/1/ % -6.18% -0.03% -0.73% 0.30% -7.12% -0.23% -0.93% Federated Quality Bond Fund II-Primary Shares (5,6) 5/1/ % -7.28% 0.55% N/A 0.40% -4.64% 0.85% N/A FIDELITY VARIABLE INSURANCE PRODUCTS - SERVICE CLASS 2 SHARES Fidelity VIP Growth Strategies Portfolio (2,17) 5/1/ % % -9.68% -1.55% -5.97% -8.49% -9.31% 0.27% Fidelity VIP Contrafund Portfolio (2) 4/28/ % -9.96% -5.89% 2.39% 6.02% 1.99% -5.30% 3.68% Fidelity VIP Index 500 Portfolio (2) 8/12/ % -6.32% -6.98% -0.18% 4.34% 5.30% -5.79% 1.30% Fidelity VIP Growth Opportunities Portfolio (2) 10/1/ % -6.21% -6.69% -0.26% -4.81% 7.79% -5.56% 1.25% Fidelity VIP Mid Cap Portfolio (2) 5/1/ % % -5.19% 5.30% 4.51% -7.36% -4.38% 6.51% Fidelity VIP Value Portfolio (2) 5/1/ % % % N/A -1.82% 5.60% -8.26% N/A Fidelity VIP Value Strategies Portfolio (2) 5/1/ % % -9.44% N/A 0.79% 3.62% -6.89% N/A Fidelity VIP Value Leaders Portfolio (2) 5/1/ % % % N/A -4.61% -4.14% % N/A Fidelity VIP Growth & Income Portfolio (2) 5/1/ % -5.06% -7.53% -0.27% -4.91% 7.22% -6.57% 0.41% Fidelity VIP Equity-Income Portfolio (2) 8/12/ % -8.61% % -0.89% 3.42% 3.77% -8.58% 0.80% Fidelity VIP Investment Grade Bond Portfolio (2) 8/12/ % -4.27% 0.87% 0.37% 1.57% -4.92% 1.04% 0.18% Fidelity VIP Money Market Portfolio (1) 4/30/ % % N/A N/A -8.10% -8.10% -6.44% % N/A N/A -8.11% -8.11% AIM VARIABLE INSURANCE FUNDS (Invesco Variable Insurance Funds) - SERIES I SHARES (27) Invesco Van Kampen V.I. Mid Cap Growth Fund (8,9,10,23,27) 5/1/ % N/A N/A N/A % N/A N/A N/A Invesco V.I. Small Cap Equity Fund (3,8,10,13) 4/30/ % % -5.13% N/A -3.26% 1.09% -3.75% N/A Invesco V.I. Diversified Dividend Fund (4,10,11,22,27) 5/2/ % -8.55% N/A N/A -5.02% 6.08% N/A N/A Invesco V.I. Global Health Care Fund (3,4,10,11,12,23) 5/1/ % -8.85% -2.77% 0.65% -1.80% 1.83% -2.22% 1.76% Invesco V.I. Global Real Estate Fund (3,4,9,10,12,14,18,21,22,23,24) 5/1/ % -9.62% % 5.50% 6.17% -0.37% -9.03% 6.42% Invesco V.I. Technology Fund (3,4,10,11) 5/1/ % % -4.57% -0.27% % 2.16% -4.70% 2.41% Invesco V.I. Utilities Fund (4,10,11) 5/1/ % -2.45% -5.22% 4.78% -4.13% -1.79% -4.44% 5.81% MFS VARIABLE INSURANCE TRUST - INITIAL CLASS SHARES MFS Core Equity Series MFS Growth Series (18) MFS Investors Trust Series MFS Research Series T. ROWE PRICE T. Rowe Price Equity Income Portfolio T. Rowe Price International Stock Portfolio (5) T. Rowe Price Limited-Term Bond Portfolio T. Rowe Price Mid-Cap Growth Portfolio (19,20) 5/1/ % % -5.24% -0.90% -4.23% -5.95% -5.01% -0.05% 5/1/ % % -6.07% -0.71% -9.76% -1.48% -5.85% 1.56% 5/1/ % -4.12% -6.23% -1.44% -8.14% 6.04% -4.92% 0.88% 5/1/ % -7.87% -2.30% 3.98% -7.80% 3.67% -2.04% 6.05% 5/1/ % % % 0.62% -4.14% -1.57% % 2.69% 5/1/ % % -5.71% 4.61% -7.92% 2.15% -5.18% 6.59% 10/1/ % -9.60% -6.77% -0.21% -0.74% 2.62% -5.24% 1.57% 10/1/ % -7.36% -3.04% 2.16% -1.17% 3.13% -2.30% 3.94% 10/1/ % -9.93% -5.95% -0.01% -2.10% 3.15% -4.66% 1.46% 10/1/ % -7.93% -5.07% 1.08% -1.80% 4.15% -3.60% 2.75% 10/1/ % -8.74% -8.16% 0.01% 0.33% 4.16% -6.36% 1.58% 10/1/ % % -9.83% 0.06% -3.75% % -8.76% 2.10% 10/1/ % -9.71% -1.81% -1.75% -0.59% -8.81% -1.82% -1.80% 10/1/ % % -2.32% 5.02% 4.66% -0.27% -1.75% 6.89% Form 4922 PAGE 7 OF 7 August 2012