Quarterly Performance Report June 30, 2016 Polaris: For Those Who Want More WHEN YOUR GOALS ARE Accumulation Tax-advantaged investing Professionally managed investments Annuities are long-term products designed for retirement. Early withdrawals may be subject to withdrawal charges. Withdrawals of taxable amounts are subject to ordinary income tax and, if taken prior to age 59½, an additional 10% federal tax may apply. An investment in a variable annuity involves investment risk, including possible loss of principal. The contract, when redeemed, may be worth more or less than the total amount invested. Retirement plans and accounts, such as 403(b)s, IRAs, 401(k)s, etc. can be tax-deferred regardless of whether or not they are funded with an annuity. The purchase of an annuity within a plan does not provide additional tax-deferred treatment of earnings. However, annuities do provide other features and benefi ts that may be important to you, including options for guaranteed lifetime income and a guaranteed death benefi t. 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
IMPORTANT NOTE We are pleased to provide you with this Performance Report PDF. Please be aware that performance data in this report is not as current as the performance data shown on the website. For the most current performance figures, you should refer to the Performance section of AIG.com/annuities.
Quarterly Performance Report June 30, 2016 Current performance may be higher or lower than the performance stated due to market volatility. The performance data shown represents past performance, which does not guarantee future results. The investment return and principal value of an investment will fluctuate and an investor s shares, when redeemed, may be worth more or less than their original cost. For most recent month-end performance, please visit aig.com/annuities. Early withdrawals may incur a withdrawal charge. Polaris Select Investor withdrawal charges decline over five years as follows: 7 7 6 6 5 0%. Polaris Select Investor Annuity is sold by prospectus only, which contains the investment objectives, risks, fees, charges, expenses and other information regarding the contract and underlying funds that should be considered carefully before investing. A prospectus may be obtained by calling 1-800-445-7862. Please read the prospectus carefully before investing. The Separate Account. The Separate Account is divided into variable portfolios. The Separate Account that funds Polaris Select Investor also funds other contracts that have been available for sale to the public longer than Polaris Select Investor. The variable portfolios have been part of the Separate Account since the portfolio inception dates shown. s. When you invest in a variable portfolio offered in the Polaris Select Investor Annuity, the Separate Account makes a corresponding investment in an underlying fund of the related trust the Anchor Series (AST), American s Insurance Series (AFIS), AIM Insurance s (Invesco Insurance s - AVIF), Lord Abbett Series (LASF), Franklin Templeton Insurance (FTVIPT), Season Series (SST) BlackRock Advisors, LLC Series s (BLK), Columbia s Series II (CFT II), Goldman Sachs Insurance (GST), Ivy s Insurance s (IVY), Neuberger Berman Advisers Management (NBAMT), PIMCO Insurance (PVT), The Universal Institutional s (UIF), VALIC Company I (VAL I), and/or the SunAmerica Series (SAST). Certain of the underlying funds of AST, AFIS, AVIF, FTVIPT, BLK, GST, IVY, CFT II, NBAMT, PVT, UIF, VAL I, and LASF existed prior to the date that the variable portfolios became available in the Separate Account that funds Polaris Select Investor. The AST underlies the Government and Quality Bond, Asset Allocation, Growth, SA BlackRock Advisors, LLC Multi-Asset Income, Natural Resources, and Capital Appreciation s; the AFIS underlies the American s Capital Income Builder ; the AVIF underlies the Invesco V.I. Comstock, Invesco V.I. Growth and Income, Invesco V.I. Balanced-Risk Allocation, and Invesco V.I. American Franchise s; the LASF underlies the Lord Abbett Series Growth & Income, Lord Abbett Bond Debenture, Lord Abbett amental Equity, Lord Abbett Short Duration Income s; the FTVIPT underlies the Franklin Strategic Income VIP, Franklin Founding s Allocation VIP, and Franklin Income VIP s; the SST underlies the Managed Allocation Balanced, Managed Allocation Moderate, Managed Allocation Moderate Growth, Managed Allocation Growth, Asset Allocation: Diversified Growth, Diversified Fixed Income, Focus Growth, Focus Value, International Equity, Large Cap Growth, large Cap Value, Stock, Small Cap, Mid Cap Growth, Mid Cap Value, and Real Return s; the BLK underlies the BlackRock Advisors, LLC ishares Alternative Strategies V.I., BlackRock Advisors, LLC Global Allocation V.I., BlackRock Advisors, LLC ishares Dynamic Allocation V.I., BlackRock Advisors, LLC ishares Dynamic Fixed Income V.I., and BlackRock Advisors, LLC ishares Equity Appreciation V.I. s; the CVT II underlies the Columbia - Emerging Markets Bond, and Columbia - Limited Duration Credit s; the GST underlies the Goldman Sachs Multi-Strategy Alternative, Goldman Sachs Global Markets Navigator, and Goldman Sachs Strategic Income s; the IVY underlies the Ivy s VIP Asset Strategy ; the NBAMT underlies the AMT Absolute Return Multi-Manager ; the PVT underlies the PIMCO All Asset, PIMCO Emerging Markets Bond, and PIMCO Unconstrained Bond s; the UIF underlies the UIF Global Infrastructure ; the VAL I underlies the VALIC Company I International Equities Index, VALIC Company I Stock Index, VALIC Company I Mid Cap Index, VALIC Company I Small Cap Index, VALIC Company I Global Social Awareness, and VALIC Company I Nasdaq-100 Index s; the SAST underlies the remaining portfolios. Returns. All returns are annualized, except for those reported for periods of less than 1 year. The following types of returns are included: Actual Returns (not in italics) are the standardized returns of the variable portfolios since their inception in the Separate Account. These returns are net of certain fees and charges (as disclosed below) of the Polaris Select Investor Annuity. Hypothetical Adjusted Historical Returns (shown in italics) are returns for periods prior to the date the variable portfolios became available in the Separate Account. These returns are derived from the performance of the corresponding underlying fund in the trust, net of certain fees and charges (as disclosed below) of Polaris Select Investor Annuity as if the portfolio had been available in the Separate Account during the stated period. We provide the trust portfolio inception dates to help you understand the time frame for the hypothetical adjusted historical returns since the trust s inception. In the case of the American s SAST portfolios, the hypothetical adjusted historical returns are derived from the performance of the corresponding portfolio in the underlying American s Insurance Series (AFIS) trust. Annual Returns (Actual and Hypothetical Adjusted Historical) represent what your return would be if you remain invested at the end of the stated period. Figures are net of management fees and contract charges, but not withdrawal charges or fees for optional features. Returns would be lower if withdrawal charges and fees for optional features were included in the calculations. Total Annual Returns (Actual and Hypothetical Adjusted Historical) represent what your return would have been if you withdrew all your money at the end of the stated period. Figures are net of management fees, contract charges and withdrawal charges but not fees for optional features. Returns would be lower if the fees for optional features were included in the calculations. Year-to-Date Returns (Returns YTD) show the change in unit value and are net of all fees and charges except the separate account charge and portfolio operating expenses, but not the annual contract administration charge, fees from optional features, and withdrawal charges. Returns would be lower if the annual contract administration charge, fees for optional features, and withdrawal charges were included in the calculations. Allocator Model Returns. The investments in each model are reconfigured annually. However, once you invest in a model, your investments are considered static because the variable portfolios and the percentages of contract value allocated to each variable portfolio within a model will not be changed by us, unless you contact us to update your allocations. The current investment allocations and inclusion of variable portfolios may differ from allocations in past years. The performance numbers represent blended performance of the actual variable portfolios and their respective allocations that were offered as part of each model each year since inception. It is assumed that the initial hypothetical investment is made on the model inception date and rebalanced and updated annually in accordance with the reconfigured model on each evaluation date. The model inception date is the date when the model was first offered for investment.
Subaccount Performance QUARTER-END ANNUAL RETURNS Returns YTD 2016 1-year 3-year 5-year 10-year Since Inception LARGE GROWTH Invesco V.I. American Franchise Invesco Advisers, Inc. 10/15/01 7/3/95-4.55% -2.84% 10.53% 7.59% 5.80% 3.65% 7.13% SA AB Growth AllianceBernstein LP 2/9/93 2/9/93-2.66% -0.25% 14.04% 11.71% 6.80% 8.06% 8.06% American s Growth SAST 2 Capital Research and Management Company 9/5/06 2/8/84 0.26% 0.51% 9.85% 8.62% 5.28% 5.27% 10.21% Large Cap Growth Goldman Sachs Asset Management, L.P./ Janus 3/1/99 2/8/99-1.25% -0.60% 10.76% 9.98% 6.40% 3.12% 3.15% Capital Management LLC/ SunAmerica Asset SA Columbia Focused Growth Columbia Management Investment Advisers, LLC 7/7/00 7/5/00-8.41% -9.58% 5.97% 4.27% 4.91% 2.15% 2.15% SA Marsico Focused Growth Marsico Capital 12/29/00 12/29/00-5.92% -9.14% 5.93% 7.05% 4.38% 3.66% 3.66% Capital Growth The Boston Company Asset Management LLC 7/5/00 7/5/00-0.61% 0.69% 9.46% 8.11% 4.88% 1.06% 1.06% Stock T.Rowe Price Associates, Inc. 11/10/14 4/15/97 1.06% -4.17% 10.56% 10.14% 6.62% 1.06% 6.79% Blue Chip Growth Massachusetts Financial Services Company 7/10/00 7/5/00-0.85% -2.47% 10.99% 8.22% 5.34% 0.00% 0.07% amental Growth Wells Capital Management, Incorporated 2/9/93 2/9/93-1.88% -3.04% 8.67% 7.65% 4.64% 4.53% 4.53% LARGE CORE BlackRock ishares Equity BlackRock Advisors, LLC 11/10/14 4/30/14-4.91% -8.34% -4.91% -3.46% Appreciation V.I. Lord Abbett amental Equity Lord Abbett & Co. LLC 11/10/14 4/30/03 0.53% -0.81% 6.72% 6.79% 5.03% 0.53% 7.28% Lord Abbett Growth and Income Lord Abbett & Co. LLC 5/1/02 12/11/89 4.30% 0.08% 7.39% 7.66% 3.69% 4.32% 8.00% SA MFS Massachusetts Investors Massachusetts Financial Services Company 2/9/93 2/9/93 1.00% -0.99% 8.39% 9.10% 6.01% 5.97% 5.97% Equity Opportunities Oppenheimers, Inc. 6/3/96 6/3/96 4.00% 4.22% 10.57% 10.67% 5.73% 6.05% 6.05% VALIC Company I Stock Index SunAmerica Asset 11/10/14 4/20/87 2.54% 2.56% 10.05% 10.49% 5.90% 2.54% 7.90% LARGE VALUE American s Growth-Income SAST 2 Capital Research and Management Company 9/5/06 2/8/84 2.40% 0.20% 9.85% 9.72% 5.05% 4.87% 8.96% SA Legg Mason BW Large Cap Value 1 Brandywine Global Investment 10/28/94 10/28/94 1.45% -0.73% 7.05% 7.74% 4.24% 8.16% 8.16% Invesco V.I. Comstock Invesco Advisers, Inc. 10/15/01 4/30/99-0.83% -8.21% 4.49% 7.64% 4.17% 4.66% 4.64% Invesco V.I. Growth and Income Invesco Advisers, Inc. 10/15/01 12/23/96 0.27% -5.40% 5.71% 7.74% 4.58% 5.53% 6.49% Growth-Income J.P. Morgan Investment Management Inc. 2/9/93 2/9/93 5.53% 3.78% 9.05% 10.67% 5.26% 7.11% 7.11% SA Columbia Focused Value Columbia Management Investment Advisers, LLC 10/4/01 10/1/01 2.95% -3.34% 7.10% 6.55% 3.99% 6.16% 6.44% Large Cap Value T.Rowe Price Associates, Inc./Wellington 3/1/99 2/8/99 3.89% -1.09% 5.97% 7.79% 4.56% 4.74% 4.65% Management Company LLP/ SunAmerica Asset Dogs of Wall Street SunAmerica Asset Management Corp. 4/1/98 4/1/98 10.26% 11.95% 10.99% 13.49% 8.32% 5.34% 5.34% SMALL AND MID-CAP GROWTH Growth Opportunities Invesco Advisers, Inc. 7/6/00 7/5/00-4.10% -14.95% 4.90% 5.73% 5.11% -0.60% -0.60% Mid-Cap Growth J.P. Morgan Investment Management Inc. 11/1/99 4/1/99-4.09% -11.17% 9.49% 8.14% 6.43% 2.68% 4.03% Mid Cap Growth T.Rowe Price Associates, Inc., J.P. Morgan 3/1/99 2/8/99-0.35% -5.79% 7.76% 7.10% 6.08% 6.87% 6.71% Investment Management, Inc. and SunAmerica Asset Aggressive Growth Wells Capital Management, Incorporated 6/3/96 6/3/96 0.43% -10.18% 5.23% 7.40% 2.51% 3.65% 3.65% SMALL AND MID-CAP CORE Small Cap ClearBridge Advisor, LLC/J.P. Morgan Investment Management Inc./SunAmerica Asset Withdrawal charge not deducted 3/1/99 2/8/99 0.16% -9.26% 4.82% 4.76% 3.60% 3.34% 3.03% VALIC Company I Mid Cap Index SunAmerica Asset 11/10/14 10/1/91 2.93% 0.06% 9.01% 9.02% 7.07% 2.93% 10.31% VALIC Company I Small Cap Index SunAmerica Asset 11/10/14 5/1/92-1.16% -7.79% 5.82% 7.02% 4.86% -1.16% 7.97% SMALL AND MID CAP VALUE Small & Mid Cap Value AllianceBernstein LP 8/2/02 8/1/02 4.67% -3.93% 6.87% 7.96% 6.04% 8.66% 8.66% Small Company Value Franklin Advisory Services, LLC 3/23/99 12/14/98 11.39% 0.91% 6.36% 7.89% 4.41% 8.17% 7.48% Mid Cap Value Goldman Sachs Asset Management, L.P./ 3/1/99 2/8/99 5.32% -2.37% 7.32% 7.65% 5.00% 8.05% 7.90% Massachusetts Financial Services Company/ SunAmerica Asset MULTI CAP Capital Appreciation Wellington Management Company LLP 3/23/87 3/23/87-2.46% -3.11% 12.45% 10.43% 8.87% 9.87% 9.87% Growth Wellington Management Company LLP 2/19/93 9/5/84 0.02% -4.05% 7.61% 7.20% 4.61% 5.51% 6.78% SPECIALTY Technology Columbia Management Advisors, LLC 7/5/00 7/5/00-0.94% -1.69% 15.39% 9.87% 6.04% -5.47% -5.47% Telecom Utility Massachusetts Financial Services Company 6/3/96 6/3/96 14.05% 0.92% 6.12% 6.84% 6.90% 4.59% 4.59% Morgan Stanley UIF Global Infrastructure Morgan Stanley Investment Management Inc. 11/10/14 3/1/90-0.22% 2.10% 8.02% 9.61% 6.87% -0.22% 6.84% Real Estate Pyramis Global Advisors, LLC 6/2/97 6/2/97 12.97% 21.18% 11.30% 9.65% 3.82% 7.45% 7.45% VALIC Company I Global Social Awareness SunAmerica Asset 11/10/14 10/2/89-0.03% -2.79% 7.76% 6.78% 3.67% -0.03% 6.64% VALIC Company I Nasdaq-100 Index SunAmerica Asset 11/10/14 10/2/00 3.14% 0.17% 14.53% 13.30% 10.15% 3.14% 0.52% Natural Resources Wellington Management Company LLP 10/31/94 1/4/88 12.80% -9.59% -6.75% -9.87% -2.72% 5.97% 5.86% FOREIGN AND GLOBAL STOCK American s Global Growth SAST 2 Capital Research and Management Company 9/5/06 4/30/97-4.09% -5.71% 6.80% 6.23% 5.39% 5.06% 7.18% International Equity Janus Capital Management LLC/T.Rowe Price 3/1/99 2/8/99-4.84% -13.35% -0.71% -1.02% -0.74% -0.02% -0.06% Associates, Inc./SunAmerica Asset Global Equities J.P. Morgan Asset Management Inc. 2/9/93 2/9/93-3.34% -8.47% 4.28% 3.15% 2.23% 4.31% 4.31% International Diversified Equities Morgan Stanley Investment Management Inc. 10/28/94 10/28/94-2.63% -9.52% 0.23% -0.57% 0.54% 1.54% 1.54% International Growth and Income Putnam Investment 6/2/97 6/2/97-5.52% -13.61% -1.33% -0.87% -1.44% 2.25% 2.25% VALIC Company I International Equities SunAmerica Asset 11/10/14 10/2/89-5.10% -10.78% 0.81% -0.23% -0.32% -5.10% 2.40% Index Foreign Value Templeton Investment Counsel, LLC 8/1/02 8/1/02-6.87% -17.71% -1.27% -1.20% 0.08% 4.16% 4.16% EMERGING MARKETS Emerging Markets J.P. Morgan Investment Management Inc. 6/2/97 6/2/97 4.93% -13.90% -4.25% -7.26% 0.05% 2.70% 2.70%
Subaccount Performance QUARTER-END ANNUAL RETURNS Returns YTD 2016 Withdrawal charge not deducted 1-year 3-year 5-year 10-year Since Inception MULTI-ALTERNATIVES BlackRock ishares Alternative BlackRock Advisors, LLC 11/10/14 4/30/14 4.32% 6.40% 4.32% 4.47% Strategies V.I. Goldman Sachs VIT Multi-Strategy Goldman Sachs Asset Management, L.P. 11/10/14 4/25/14-5.56% -7.76% -5.56% -4.51% Alternatives AMT Absolute Return Multi-Manager Neuberger Berman 11/10/14 5/1/14-4.83% -9.86% -4.83% -4.20% TACTICAL ASSET ALLOCATION BlackRock ishares Dynamic BlackRock Advisors, LLC 11/10/14 4/30/14-1.37% -2.09% -1.37% -0.63% Allocation V.I. Goldman Sachs VIT Global Markets Goldman Sachs Asset Management, L.P. 11/10/14 4/16/12-3.63% -6.27% 0.49% -3.63% 2.41% Navigator PIMCO All Asset Pacific Investment Management Company LLC 11/10/14 4/30/03-3.32% -1.62% -0.06% 1.09% 3.28% -3.32% 4.24% Ivy s VIP Asset Strategy Waddell & Reed Investment Management Company 11/10/14 5/1/95-8.63% -11.79% -0.54% 0.62% 3.80% -8.63% 7.28% RISK MANAGED ASSET ALLOCATION BlackRock Global Allocation V.I. BlackRock Advisors, LLC 11/10/14 11/18/03-1.92% -4.77% 1.94% 2.06% 3.93% -1.92% 5.69% SA BlackRock VCP Global Multi Asset BlackRock Investment 1/25/16 1/25/16 4.23% 4.23% VCP Managed Asset Allocation SAST Capital Research and Management Company 10/15/12 9/28/12 2.44% 0.53% 3.77% 5.38% 5.30% Invesco V.I. Balanced-Risk Allocation Invesco Advisers, Inc. 11/10/14 1/23/09 2.58% 3.69% 4.29% 5.00% 2.58% 3.83% VCP Value Invesco Advisers, Inc. 5/1/13 5/1/13-1.43% -5.19% 3.63% 3.82% 3.82% VCP Total Return Balanced Pacific Investment Management Company LLC 5/1/13 5/1/13 2.28% -1.99% 4.07% 3.32% 3.32% SA Schroders VCP Global Allocation Schroder Investment Management North America 1/25/16 1/25/16 5.77% 5.77% Inc. SA T. Rowe Price VCP Balanced T. Rowe Price Associates, Inc. 1/25/16 1/25/16 3.46% 3.46% SunAmerica Dynamic Allocation SM SunAmerica Asset and 1/23/12 1/23/12 1.02% -4.36% 2.49% 4.13% 4.13% SunAmerica Dynamic Strategy SM SunAmerica Asset and 7/16/12 7/16/12 1.10% -3.93% 2.24% 4.36% 4.36% INCOME ORIENTED American s Capital Income Builder Capital Research and Management Company 11/10/14 5/1/14 0.04% 1.43% 0.04% 0.38% Franklin Income VIP Franklin Advisers, Inc. 2/4/08 1/24/89 5.07% -1.81% 2.80% 3.93% 4.16% 3.57% 7.16% TRADITIONAL ASSET ALLOCATION SA BlackRock Advisors, LLC Multi-Asset BlackRock Investment 3/23/87 3/23/87 4.17% -0.47% 5.23% 4.92% 3.70% 5.90% 5.90% Income 3 American s Asset Allocation SAST Capital Research and Management Company 9/5/06 8/1/89 3.88% 3.62% 6.35% 7.55% 4.84% 4.63% 6.39% Asset Allocation Edge Asset Management, Inc. 7/1/93 7/1/93 5.42% 0.90% 5.99% 5.94% 5.17% 6.08% 6.08% Franklin Founding s Allocation VIP Franklin Templeton Services, LLC 2/4/08 7/2/07 1.75% -5.66% 2.91% 4.27% 2.38% 0.83% Managed Allocation Balanced SunAmerica Asset 2/14/05 2/13/05 2.56% -0.33% 3.84% 3.90% 3.24% 3.22% 3.22% Managed Allocation Moderate SunAmerica Asset 2/14/05 2/13/05 1.78% -1.77% 3.97% 3.82% 3.03% 3.19% 3.19% Managed Allocation Moderate Growth SunAmerica Asset 2/14/05 2/13/05 1.27% -2.76% 4.23% 3.99% 2.73% 3.08% 3.08% Managed Allocation Growth SunAmerica Asset 2/14/05 2/13/05 0.41% -4.33% 4.95% 4.53% 2.85% 3.35% 3.35% Balanced J.P. Morgan Investment Management Inc. 6/3/96 6/3/96 1.28% -0.15% 6.63% 7.03% 4.99% 4.65% 4.65% SA MFS Total Return Massachusetts Financial Services Company 10/28/94 10/28/94 4.78% 2.45% 6.29% 6.62% 4.58% 6.74% 6.74% Asset Allocation: Diversified Growth Putnam Investment 11/10/14 4/15/97-0.84% -4.79% 6.38% 6.39% 4.36% -0.84% 4.05% MULTI-SECTOR/NON TRADITIONAL BOND BlackRock ishares Dynamic Fixed BlackRock Advisors, LLC 11/10/14 4/30/14 1.33% 3.39% 1.33% 1.19% Income V.I. Franklin Strategic Income VIP Franklin Advisers, Inc. 11/10/14 7/1/99-1.98% -1.40% 0.73% 2.05% 4.29% -1.98% 4.85% Goldman Sachs VIT Strategic Income Goldman Sachs Asset Management, L.P. 11/10/14 4/14/14-3.70% -3.53% -3.70% -3.23% Lord Abbett Bond Debenture Lord Abbett & Co. LLC 11/10/14 12/3/01 1.18% 0.13% 3.79% 4.55% 5.13% 1.18% 4.28% PIMCO Unconstrained Bond Pacific Investment Management Company LLC 11/10/14 5/2/11-1.61% -2.56% -0.98% 0.32% -1.61% 0.20% FOREIGN AND GLOBAL BOND Columbia -Emerging Markets Bond Columbia Management Investment Advisers, LLC 11/10/14 4/30/12 1.71% 6.14% 2.03% 1.71% 1.86% Global Bond Goldman Sachs Asset Management, L.P. 7/1/93 7/1/93 8.26% 8.69% 1.21% 0.16% 2.96% 3.89% 3.89% PIMCO Emerging Markets Bond Pacific Investment Management Company LLC 11/10/14 9/30/02 1.60% 5.52% 2.56% 2.13% 0.99% 1.60% 5.03% CORPORATE/GOV T. BOND Ultra Short Bond 4 Dimensional Advisors LP 2/9/93 2/9/93-0.61% -1.38% -1.53% -1.55% -0.68% 0.95% 0.95% Corporate Bond Federated Investment Management Company 7/1/93 7/1/93 6.96% 4.47% 3.68% 4.01% 5.87% 4.81% 4.81% SA JP Morgan MFS Core Bond J.P. Morgan Investment Management Inc./ 10/28/94 10/28/94 4.77% 4.00% 1.89% 2.08% 4.33% 5.09% 5.09% Massachusetts Financial Services Company Diversified Fixed Income PineBridge Investments LLC and Wellington 3/10/99 2/8/99 4.72% 3.94% 2.08% 2.02% 3.28% 2.89% 2.81% Management Company LLP Government and Quality Bond Wellington Management Company LLP 9/5/84 9/5/84 3.92% 4.01% 2.03% 1.92% 2.94% 5.26% 5.26% INFLATION PROTECTED SECURITIES Real Return Wellington Management Company LLP 2/14/05 2/13/05 3.11% 1.25% -0.07% -0.17% 1.46% 1.36% 1.36% SHORT-TERM BOND Columbia -Limited Duration Credit Columbia Management Investment Advisers, LLC 11/10/14 5/7/10-0.87% -0.30% -1.23% -0.10% -0.87% 0.48% Lord Abbett Short Duration Lord Abbett & Co. LLC 11/10/14 4/14/14 0.61% 0.86% 0.61% 0.46% HIGH-YIELD BOND High-Yield Bond PineBridge Investments LLC 2/9/93 2/9/93 7.77% -0.77% 2.02% 4.12% 3.94% 4.72% 4.72% 1 Effective September 8, 2015, the Davis Venture Value portfolio managed by Davis Advisors, changed to the SA Legg Mason BW Large Cap Value portfolio managed by Brandywine Global Investment.
Subaccount Performance QUARTER-END ANNUAL RETURNS Returns YTD 2016 1-year 3-year 5-year 10-year Withdrawal charge deducted Since Inception LARGE GROWTH Invesco V.I. American Franchise Invesco Advisers, Inc. 10/15/01 7/3/95-4.55% -9.84% 8.86% 6.83% 5.80% 3.65% 7.13% SA AB Growth AllianceBernstein LP 2/9/93 2/9/93-2.66% -7.25% 12.48% 11.07% 6.80% 8.06% 8.06% American s Growth SAST 2 Capital Research and Management Company 9/5/06 2/8/84 0.26% -6.49% 8.16% 7.89% 5.28% 5.27% 10.21% Large Cap Growth Goldman Sachs Asset Management, L.P./ Janus 3/1/99 2/8/99-1.25% -7.60% 9.10% 9.29% 6.40% 3.12% 3.15% Capital Management LLC/ SunAmerica Asset SA Columbia Focused Growth Columbia Management Investment Advisers, LLC 7/7/00 7/5/00-8.41% -16.58% 4.16% 3.41% 4.91% 2.15% 2.15% SA Marsico Focused Growth Marsico Capital 12/29/00 12/29/00-5.92% -16.14% 4.11% 6.28% 4.38% 3.66% 3.66% Capital Growth The Boston Company Asset Management LLC 7/5/00 7/5/00-0.61% -6.31% 7.76% 7.37% 4.88% 1.06% 1.06% Stock T.Rowe Price Associates, Inc. 11/10/14 4/15/97 1.06% -11.17% 8.90% 9.45% 6.62% -3.25% 6.79% Blue Chip Growth Massachusetts Financial Services Company 7/10/00 7/5/00-0.85% -9.47% 9.35% 7.48% 5.34% 0.00% 0.07% amental Growth Wells Capital Management, Incorporated 2/9/93 2/9/93-1.88% -10.04% 6.95% 6.89% 4.64% 4.53% 4.53% LARGE CORE BlackRock ishares Equity BlackRock Advisors, LLC 11/10/14 4/30/14-4.91% -15.34% -9.40% -6.40% Appreciation V.I. Lord Abbett amental Equity Lord Abbett & Co. LLC 11/10/14 4/30/03 0.53% -7.81% 4.93% 6.01% 5.03% -3.79% 7.28% Lord Abbett Growth and Income Lord Abbett & Co. LLC 5/1/02 12/11/89 4.30% -6.92% 5.62% 6.91% 3.69% 4.32% 8.00% SA MFS Massachusetts Investors Massachusetts Financial Services Company 2/9/93 2/9/93 1.00% -7.99% 6.66% 8.38% 6.01% 5.97% 5.97% Equity Opportunities Oppenheimers, Inc. 6/3/96 6/3/96 4.00% -2.78% 8.91% 10.00% 5.73% 6.05% 6.05% VALIC Company I Stock Index SunAmerica Asset 11/10/14 4/20/87 2.54% -4.44% 8.37% 9.81% 5.90% -1.72% 7.90% LARGE VALUE American s Growth-Income SAST 2 Capital Research and Management Company 9/5/06 2/8/84 2.40% -6.80% 8.17% 9.03% 5.05% 4.87% 8.96% SA Legg Mason BW Large Cap Value 1 Brandywine Global Investment 10/28/94 10/28/94 1.45% -7.73% 5.28% 6.99% 4.24% 8.16% 8.16% Invesco V.I. Comstock Invesco Advisers, Inc. 10/15/01 4/30/99-0.83% -15.21% 2.62% 6.89% 4.17% 4.66% 4.64% Invesco V.I. Growth and Income Invesco Advisers, Inc. 10/15/01 12/23/96 0.27% -12.40% 3.89% 6.99% 4.58% 5.53% 6.49% Growth-Income J.P. Morgan Investment Management Inc. 2/9/93 2/9/93 5.53% -3.22% 7.35% 9.99% 5.26% 7.11% 7.11% SA Columbia Focused Value Columbia Management Investment Advisers, LLC 10/4/01 10/1/01 2.95% -10.34% 5.32% 5.77% 3.99% 6.16% 6.44% Large Cap Value T.Rowe Price Associates, Inc./Wellington 3/1/99 2/8/99 3.89% -8.09% 4.16% 7.04% 4.56% 4.74% 4.65% Management Company LLP/ SunAmerica Asset Dogs of Wall Street SunAmerica Asset Management Corp. 4/1/98 4/1/98 10.26% 4.95% 9.34% 12.88% 8.32% 5.34% 5.34% SMALL AND MID-CAP GROWTH Growth Opportunities Invesco Advisers, Inc. 7/6/00 7/5/00-4.10% -21.95% 3.05% 4.92% 5.11% -0.60% -0.60% Mid-Cap Growth J.P. Morgan Investment Management Inc. 11/1/99 4/1/99-4.09% -18.17% 7.79% 7.40% 6.43% 2.68% 4.03% Mid Cap Growth T.Rowe Price Associates, Inc., J.P. Morgan 3/1/99 2/8/99-0.35% -12.79% 6.00% 6.33% 6.08% 6.87% 6.71% Investment Management, Inc. and SunAmerica Asset Aggressive Growth Wells Capital Management, Incorporated 6/3/96 6/3/96 0.43% -17.18% 3.39% 6.64% 2.51% 3.65% 3.65% SMALL AND MID-CAP CORE Small Cap ClearBridge Advisor, LLC/J.P. Morgan Investment Management Inc./SunAmerica Asset 3/1/99 2/8/99 0.16% -16.26% 2.97% 3.92% 3.60% 3.34% 3.03% VALIC Company I Mid Cap Index SunAmerica Asset 11/10/14 10/1/91 2.93% -6.94% 7.30% 8.31% 7.07% -1.33% 10.31% VALIC Company I Small Cap Index SunAmerica Asset 11/10/14 5/1/92-1.16% -14.79% 4.00% 6.25% 4.86% -5.53% 7.97% SMALL AND MID CAP VALUE Small & Mid Cap Value AllianceBernstein LP 8/2/02 8/1/02 4.67% -10.93% 5.09% 7.21% 6.04% 8.66% 8.66% Small Company Value Franklin Advisory Services, LLC 3/23/99 12/14/98 11.39% -6.09% 4.56% 7.15% 4.41% 8.17% 7.48% Mid Cap Value Goldman Sachs Asset Management, L.P./ 3/1/99 2/8/99 5.32% -9.37% 5.55% 6.90% 5.00% 8.05% 7.90% Massachusetts Financial Services Company/ SunAmerica Asset MULTI CAP Capital Appreciation Wellington Management Company LLP 3/23/87 3/23/87-2.46% -10.11% 10.84% 9.74% 8.87% 9.87% 9.87% Growth Wellington Management Company LLP 2/19/93 9/5/84 0.02% -11.05% 5.86% 6.43% 4.61% 5.51% 6.78% SPECIALTY Technology Columbia Management Advisors, LLC 7/5/00 7/5/00-0.94% -8.69% 13.86% 9.17% 6.04% -5.47% -5.47% Telecom Utility Massachusetts Financial Services Company 6/3/96 6/3/96 14.05% -6.08% 4.31% 6.06% 6.90% 4.59% 4.59% Morgan Stanley UIF Global Infrastructure Morgan Stanley Investment Management Inc. 11/10/14 3/1/90-0.22% -4.90% 6.27% 8.91% 6.87% -4.56% 6.84% Real Estate Pyramis Global Advisors, LLC 6/2/97 6/2/97 12.97% 14.18% 9.67% 8.95% 3.82% 7.45% 7.45% VALIC Company I Global Social Awareness SunAmerica Asset 11/10/14 10/2/89-0.03% -9.79% 6.01% 6.00% 3.67% -4.37% 6.64% VALIC Company I Nasdaq-100 Index SunAmerica Asset 11/10/14 10/2/00 3.14% -6.83% 12.98% 12.68% 10.15% -1.11% 0.52% Natural Resources Wellington Management Company LLP 10/31/94 1/4/88 12.80% -16.59% -9.11% -11.44% -2.72% 5.97% 5.86% FOREIGN AND GLOBAL STOCK American s Global Growth SAST 2 Capital Research and Management Company 9/5/06 4/30/97-4.09% -12.71% 5.01% 5.43% 5.39% 5.06% 7.18% International Equity Janus Capital Management LLC/T.Rowe Price 3/1/99 2/8/99-4.84% -20.35% -2.78% -2.09% -0.74% -0.02% -0.06% Associates, Inc./SunAmerica Asset Global Equities J.P. Morgan Asset Management Inc. 2/9/93 2/9/93-3.34% -15.47% 2.41% 2.26% 2.23% 4.31% 4.31% International Diversified Equities Morgan Stanley Investment Management Inc. 10/28/94 10/28/94-2.63% -16.52% -1.81% -1.61% 0.54% 1.54% 1.54% International Growth and Income Putnam Investment 6/2/97 6/2/97-5.52% -20.61% -3.42% -1.93% -1.44% 2.25% 2.25% VALIC Company I International Equities SunAmerica Asset 11/10/14 10/2/89-5.10% -17.78% -1.19% -1.26% -0.32% -9.59% 2.40% Index Foreign Value Templeton Investment Counsel, LLC 8/1/02 8/1/02-6.87% -24.71% -3.37% -2.28% 0.08% 4.16% 4.16% 2 The American s SAST s ( Feeder s ), part of the SunAmerica Series ( SAST ), invest all of their assets in corresponding funds ( Master s ) of the American s Insurance Series ( AFIS ). Investing in a Feeder may result in higher fees and expenses than investing directly in a Master as the Feeder s will bear their own portfolio expenses as well as their pro rata share of each Feeder s corresponding Master fees and expenses. Please see the prospectus and Statement of Additional Information for more information regarding the master-feeder fund structure.
Subaccount Performance QUARTER-END ANNUAL RETURNS Returns YTD 2016 1-year 3-year 5-year 10-year Withdrawal charge deducted Since Inception EMERGING MARKETS Emerging Markets J.P. Morgan Investment Management Inc. 6/2/97 6/2/97 4.93% -20.90% -6.48% -8.66% 0.05% 2.70% 2.70% MULTI-ALTERNATIVES BlackRock ishares Alternative BlackRock Advisors, LLC 11/10/14 4/30/14 4.32% -0.60% 0.10% 1.81% Strategies V.I. Goldman Sachs VIT Multi-Strategy Goldman Sachs Asset Management, L.P. 11/10/14 4/25/14-5.56% -14.76% -10.06% -7.47% Alternatives AMT Absolute Return Multi-Manager Neuberger Berman 11/10/14 5/1/14-4.83% -16.86% -9.31% -7.17% TACTICAL ASSET ALLOCATION BlackRock ishares Dynamic BlackRock Advisors, LLC 11/10/14 4/30/14-1.37% -9.09% -5.75% -3.46% Allocation V.I. Goldman Sachs VIT Global Markets Goldman Sachs Asset Management, L.P. 11/10/14 4/16/12-3.63% -13.27% -1.53% -8.07% 1.29% Navigator PIMCO All Asset Pacific Investment Management Company LLC 11/10/14 4/30/03-3.32% -8.62% -2.11% 0.11% 3.28% -7.76% 4.24% Ivy s VIP Asset Strategy Waddell & Reed Investment Management Company 11/10/14 5/1/95-8.63% -18.79% -2.60% -0.38% 3.80% -13.24% 7.28% RISK MANAGED ASSET ALLOCATION BlackRock Global Allocation V.I. BlackRock Advisors, LLC 11/10/14 11/18/03-1.92% -11.77% -0.02% 1.12% 3.93% -6.31% 5.69% SA BlackRock VCP Global Multi Asset BlackRock Investment 1/25/16 1/25/16-2.77% -2.77% VCP Managed Asset Allocation SAST Capital Research and Management Company 10/15/12 9/28/12 2.44% -6.47% 1.88% 3.95% 3.89% Invesco V.I. Balanced-Risk Allocation Invesco Advisers, Inc. 11/10/14 1/23/09 2.58% -3.31% 2.42% 4.16% -1.69% 3.83% VCP Value Invesco Advisers, Inc. 5/1/13 5/1/13-1.43% -12.19% 1.73% 2.03% 2.03% VCP Total Return Balanced Pacific Investment Management Company LLC 5/1/13 5/1/13 2.28% -8.99% 2.19% 1.52% 1.52% SA Schroders VCP Global Allocation Schroder Investment Management North America 1/25/16 1/25/16-1.23% -1.23% Inc. SA T. Rowe Price VCP Balanced T. Rowe Price Associates, Inc. 1/25/16 1/25/16-3.54% -3.54% SunAmerica Dynamic Allocation SM SunAmerica Asset and 1/23/12 1/23/12 1.02% -11.36% 0.55% 3.13% 3.13% SunAmerica Dynamic Strategy SM SunAmerica Asset and 7/16/12 7/16/12 1.10% -10.93% 0.30% 2.99% 2.99% INCOME ORIENTED American s Capital Income Builder Capital Research and Management Company 11/10/14 5/1/14 0.04% -5.57% -4.29% -2.42% Franklin Income VIP Franklin Advisers, Inc. 2/4/08 1/24/89 5.07% -8.81% 0.87% 3.06% 4.16% 3.57% 7.16% TRADITIONAL ASSET ALLOCATION SA BlackRock Advisors, LLC Multi-Asset BlackRock Investment 3/23/87 3/23/87 4.17% -7.47% 3.39% 4.08% 3.70% 5.90% 5.90% Income 3 American s Asset Allocation SAST Capital Research and Management Company 9/5/06 8/1/89 3.88% -3.38% 4.55% 6.80% 4.84% 4.63% 6.39% Asset Allocation Edge Asset Management, Inc. 7/1/93 7/1/93 5.42% -6.10% 4.18% 5.13% 5.17% 6.08% 6.08% Franklin Founding s Allocation VIP Franklin Templeton Services, LLC 2/4/08 7/2/07 1.75% -12.66% 0.99% 3.41% 2.38% 0.83% Managed Allocation Balanced SunAmerica Asset 2/14/05 2/13/05 2.56% -7.33% 1.95% 3.03% 3.24% 3.22% 3.22% Managed Allocation Moderate SunAmerica Asset 2/14/05 2/13/05 1.78% -8.77% 2.09% 2.94% 3.03% 3.19% 3.19% Managed Allocation Moderate Growth SunAmerica Asset 2/14/05 2/13/05 1.27% -9.76% 2.36% 3.13% 2.73% 3.08% 3.08% Managed Allocation Growth SunAmerica Asset 2/14/05 2/13/05 0.41% -11.33% 3.10% 3.68% 2.85% 3.35% 3.35% Balanced J.P. Morgan Investment Management Inc. 6/3/96 6/3/96 1.28% -7.15% 4.84% 6.26% 4.99% 4.65% 4.65% SA MFS Total Return Massachusetts Financial Services Company 10/28/94 10/28/94 4.78% -4.55% 4.49% 5.84% 4.58% 6.74% 6.74% Asset Allocation: Diversified Growth Putnam Investment 11/10/14 4/15/97-0.84% -11.79% 4.58% 5.60% 4.36% -5.20% 4.05% MULTI-SECTOR/NON TRADITIONAL BOND BlackRock ishares Dynamic BlackRock Advisors, LLC 11/10/14 4/30/14 1.33% -3.61% -2.97% -1.58% Fixed Income V.I. Franklin Strategic Income VIP Franklin Advisers, Inc. 11/10/14 7/1/99-1.98% -8.40% -1.28% 1.11% 4.29% -6.38% 4.85% Goldman Sachs VIT Strategic Income Goldman Sachs Asset Management, L.P. 11/10/14 4/14/14-3.70% -10.53% -8.14% -6.10% Lord Abbett Bond Debenture Lord Abbett & Co. LLC 11/10/14 12/3/01 1.18% -6.87% 1.90% 3.70% 5.13% -3.12% 4.28% PIMCO Unconstrained Bond Pacific Investment Management Company LLC 11/10/14 5/2/11-1.61% -9.56% -3.07% -0.69% -5.99% -0.58% FOREIGN AND GLOBAL BOND Columbia -Emerging Markets Bond Columbia Management Investment Advisers, LLC 11/10/14 4/30/12 1.71% -0.86% 0.07% -2.58% 0.71% Global Bond Goldman Sachs Asset Management, L.P. 7/1/93 7/1/93 8.26% 1.69% -0.78% -0.86% 2.96% 3.89% 3.89% PIMCO Emerging Markets Bond Pacific Investment Management Company LLC 11/10/14 9/30/02 1.60% -1.48% 0.62% 1.19% 0.99% -2.69% 5.03% CORPORATE/GOV T. BOND Ultra Short Bond 4 Dimensional Advisors LP 2/9/93 2/9/93-0.61% -8.38% -3.64% -2.64% -0.68% 0.95% 0.95% Corporate Bond Federated Investment Management Company 7/1/93 7/1/93 6.96% -2.53% 1.79% 3.14% 5.87% 4.81% 4.81% SA JP Morgan MFS Core Bond J.P. Morgan Investment Management Inc./ 10/28/94 10/28/94 4.77% -3.00% -0.08% 1.14% 4.33% 5.09% 5.09% Massachusetts Financial Services Company Diversified Fixed Income PineBridge Investments LLC and Wellington 3/10/99 2/8/99 4.72% -3.06% 0.12% 1.08% 3.28% 2.89% 2.81% Management Company LLP Government and Quality Bond Wellington Management Company LLP 9/5/84 9/5/84 3.92% -2.99% 0.07% 0.97% 2.94% 5.26% 5.26% INFLATION PROTECTED SECURITIES Real Return Wellington Management Company LLP 2/14/05 2/13/05 3.11% -5.75% -2.11% -1.19% 1.46% 1.36% 1.36% SHORT-TERM BOND Columbia -Limited Duration Credit Columbia Management Investment Advisers, LLC 11/10/14 5/7/10-0.87% -7.30% -3.33% -1.13% -5.23% 0.48% Lord Abbett Short Duration Lord Abbett & Co. LLC 11/10/14 4/14/14 0.61% -6.14% -3.71% -2.28% HIGH-YIELD BOND High-Yield Bond PineBridge Investments LLC 2/9/93 2/9/93 7.77% -7.77% 0.06% 3.26% 3.94% 4.72% 4.72% 3 Effective January 12, 2015, the Multi-Asset managed by Wellington Management Company, LLP, changed to the SA BlackRock Multi-Asset Income managed by BlackRock Investment.
Polaris Allocator Models Asset Class Allocation Large Cap Growth Large Cap Core Large Cap Value Small and Mid Cap Multi Cap Specialty Foreign and Global Stock Emerging Markets Inflation Protected Securities Corp/Global/Gov t Bond High Yield 2016 Morningstar Investment Management Model 1 50% Stocks 50% Fixed Income Model 2 60% Stocks 40% Fixed Income Model 3 70% Stocks 30% Fixed Income Model 4 90% Stocks 10% Fixed Income Please note: The investment allocations shown below were updated as of 5/2/16, and may differ from allocations of the past year. Model 1 Model 2 Model 3 Model 4 LARGE GROWTH SA AB Growth AllianceBernstein, L.P. 1% 1% 1% 2% SA Marsico Focused Growth Marsico Capital 1% 1% 1% 2% Blue Chip Growth Massachusetts Financial Services Company 2% 3% 4% 4% Capital Growth The Boston Company Asset 2% 3% 3% 4% LARGE CORE SA MFS Massachusetts Investors Massachusetts Financial Services Company 6% 6% 7% 8% Equity Opportunities Oppenheimers, Inc. 3% 4% 4% 6% LARGE VALUE SA Legg Mason BW Large Cap Value 1 Brandywine Global Investment 4% 4% 4% 5% American s Growth-Income SAST 2 Capital Research and Management Company 1% 4% Invesco V.I. Comstock Invesco Advisers, Inc. 5% 5% 6% 8% Invesco V.I. Growth and Income Invesco Advisers, Inc. 6% 7% 8% 8% Growth-Income J.P. Morgan Investment Management Inc. 6% 7% 8% 8% Dogs of Wall Street SunAmerica Asset Management Corp. 3% 3% 3% 5% SMALL AND MID CAP Small & Mid Cap Value AllianceBernstein, L.P. 1% 1% 1% 2% Small Company Value Franklin Advisory Services LLC 2% 2% 1% MULTI CAP Capital Appreciation Wellington Management Company LLP 3% 3% 4% 5% SPECIALTY Real Estate Pyramis Global Advisors, LLC 1% FOREIGN & GLOBAL STOCK American s Global Growth SAST 2 Capital Research and Management Company 2% 3% 4% 6% International Diversified Equities Morgan Stanley Investment Management Inc. 3% 3% 4% 5% Foreign Value Templeton Investment Counsel, LLC 3% 3% 3% 4% EMERGING MARKETS Emerging Markets Pyramis Global Advisors, LLC 1% 2% 2% INFLATION PROTECTED SECURITIES Real Return Wellington Management Company LLP 5% 3% 2% CORP/GLOBAL/GOV T BOND Ultra Short Bond Dimensional Advisors LP 2% 1% Corporate Bond Federated Investment Management Company 10% 8% 7% 1% Global Bond Goldman Sachs Asset Mgmt. Int l 4% 4% 2% 2% SA JP Morgan MFS Core Bond J.P. Morgan Investment Management Inc./ 17% 13% 10% 5% Massachusetts Financial Services Company Gov t and Quality Bond Wellington Management Company LLP 8% 8% 7% 2% HIGH-YIELD BOND High-Yield Bond PineBridge Investments LLC 4% 3% 2% Quarter-end Annual Returns withdrawal charge not deducted Polaris Allocator Models designed by Ibbotson Associates YTD 1-year 3-year 5-year 10-year Since Inception Model 1 Equity 50% / Fixed Income 50% 9/30/02 1.24% 4.99% 7.65% 7.34% 5.60% 6.62% Model 2 Equity 60% / Fixed Income 40% 9/30/02 1.26% 5.35% 8.60% 7.81% 5.71% 7.31% Model 3 Equity 70% / Fixed Income 30% 9/30/02 1.38% 6.17% 9.86% 8.39% 6.08% 8.17% Model 4 Equity 90% / Fixed Income 10% 9/30/02 1.72% 7.71% 12.27% 9.90% 6.28% 8.63% Quarter-end Annual Returns withdrawal charge deducted Polaris Allocator Models designed by Ibbotson Associates 1-year 3-year 5-year 10-year Since Inception Model 1 Equity 50% / Fixed Income 50% 9/30/02-2.01% 5.90% 6.58% 5.60% 6.62% Model 2 Equity 60% / Fixed Income 40% 9/30/02-1.65% 6.87% 7.06% 5.71% 7.31% Model 3 Equity 70% / Fixed Income 30% 9/30/02-0.83% 8.17% 7.65% 6.08% 8.17% Model 4 Equity 90% / Fixed Income 10% 9/30/02 0.71% 10.66% 9.21% 6.28% 8.63%
Select Strategies Select Strategies Polaris Allocator Model (one of four) AMT Absolute Return Multi-Manager (Neuberger Berman) Allocation 70% 6% Select Strategy 1 Allocator Model 1 Select Strategy 2 Allocator Model 2 Select Strategy 3 Allocator Model 3 Select Strategy 4 Allocator Model 4 BlackRock ishares Alternative Strategies V.I. 6% Goldman Sachs VIT Multi-Strategy Alternatives 6% Morgan Stanley UIF Global Infrastructure 5% Alternatives Select Strategy Example 30% PIMCO Unconstrained Bond 4% Real Estate (Pyramis) 3% 70% Polaris Allocator Model Quarter-end Annual Returns withdrawal charge not deducted Select Strategies YTD 1-year 3-year 5-year 10-year Since Inception Strategy 1 11/10/14 1.26% 1.59% Strategy 2 11/10/14 1.28% 1.63% Strategy 3 11/10/14 1.36% 1.78% Strategy 4 11/10/14 1.60% 2.12% Quarter-end Annual Returns withdrawal charge deducted Select Strategies YTD 1-year 3-year 5-year 10-year Since Inception Strategy 1 11/10/14-5.74% -5.41% Strategy 2 11/10/14-5.72% -5.37% Strategy 3 11/10/14-5.64% -5.22% Strategy 4 11/10/14-5.40% -4.88% Additional information about alternative investments and Select Strategies These alternative investment funds expect to invest in positions that emphasize alternative investment strategies and/or non-traditional asset classes and, as a result, are subject to special risks. Alternative investment strategies may be riskier than traditional investment strategies and involve leverage or may use various complex hedging techniques, like options and derivatives. The performance of these types of strategies may not be highly correlated with traditional investments in debt or equities and the correlation of returns may not be stable over time. This means that when the value of traditional investments is decreasing, the value of alternative asset classes may be increasing or decreasing or be relatively unchanged. Often, alternative asset classes are not registered under the U.S. securities laws or similar laws in other countries, and therefore, are subject to less regulation and have additional risks than securities that are registered in the U.S. Each fund s prospectus has information on that fund s investment strategies and risks. Clients may invest in only one Select Strategy at a time. Clients may withdraw money from their Select Strategy according to the provisions of their Polaris Select Investor contract. Early withdrawals may be subject to withdrawal charges and an additional 10% federal tax may apply to amounts withdrawn prior to age 59½. The amount requested will be proportionately withdrawn from each of the allocations in the contract unless directed differently. If a withdrawal is made from specific portfolios that changes the existing percentages, the investment may no longer be consistent with the intended objectives. A Select Strategy may not be appropriate if your client is interested in directing his or her own investments or does not want exposure to alternative funds. Select Strategies are not intended to provide investment advice. While certain portfolios may be included in a Select Strategy, this does not mean that these portfolios included in a Select Strategy are superior to any other portfolio not included in a Select Strategy. Please see back cover for more information on Morningstar Investment Management.
Subaccount Performance CALENDAR YEAR RETURNS 2015 2014 2013 2012 2011 LARGE GROWTH Invesco V.I. American Franchise Invesco Advisers, Inc. 10/15/01 7/3/95 3.60% 6.99% 38.27% 12.16% -7.41% SA AB Growth AllianceBernstein LP 2/9/93 2/9/93 9.77% 12.63% 35.60% 15.01% -3.60% American s Growth SAST 2 Capital Research and Management Company 9/5/06 2/8/84 5.37% 7.00% 28.32% 16.26% -5.62% Large Cap Growth Goldman Sachs Asset Management, L.P./ Janus 3/1/99 2/8/99 3.16% 12.12% 28.96% 16.52% -2.84% Capital Management LLC/ SunAmerica Asset SA Columbia Focused Growth Columbia Management Investment Advisers, LLC 7/7/00 7/5/00 2.04% 5.70% 31.76% 11.69% -8.21% SA Marsico Focused Growth Marsico Capital 12/29/00 12/29/00-1.08% 9.74% 32.89% 9.81% -2.84% Capital Growth The Boston Company Asset Management LLC 7/5/00 7/5/00 4.16% 7.14% 27.52% 12.34% -2.61% Stock T.Rowe Price Associates, Inc. 11/10/14 4/15/97 9.05% 7.12% 36.56% 16.75% -2.91% Blue Chip Growth Massachusetts Financial Services Company 7/10/00 7/5/00 2.99% 10.42% 32.17% 10.05% -6.77% amental Growth Wells Capital Management, Incorporated 2/9/93 2/9/93 0.17% 6.15% 35.22% 14.62% -6.76% LARGE CORE BlackRock ishares Equity BlackRock Advisors, LLC 11/10/14 4/30/14-7.72% Appreciation V.I. Lord Abbett amental Equity Lord Abbett & Co. LLC 11/10/14 4/30/03-4.50% 18.48% 34.27% 9.37% -5.53% Lord Abbett Growth and Income Lord Abbett & Co. LLC 5/1/02 12/11/89-3.93% 6.47% 34.41% 10.86% -7.11% SA MFS Massachusetts Investors Massachusetts Financial Services Company 2/9/93 2/9/93-1.12% 9.39% 30.05% 17.52% -3.23% Equity Opportunities Oppenheimers, Inc. 6/3/96 6/3/96 1.62% 8.96% 29.46% 15.25% -1.46% VALIC Company I Stock Index SunAmerica Asset 11/10/14 4/20/87-0.05% 12.04% 30.47% 14.31% 0.71% LARGE VALUE American s Growth-Income SAST 2 Capital Research and Management Company 9/5/06 2/8/84 0.06% 9.07% 31.64% 15.83% -3.15% SA Legg Mason BW Large Cap Value 1 Brandywine Global Investment 10/28/94 10/28/94-0.05% 5.31% 31.88% 11.21% -5.52% Invesco V.I. Comstock Invesco Advisers, Inc. 10/15/01 4/30/99-7.22% 7.91% 34.17% 17.62% -3.18% Invesco V.I. Growth and Income Invesco Advisers, Inc. 10/15/01 12/23/96-4.37% 8.76% 32.30% 13.10% -3.33% Growth-Income J.P. Morgan Investment Management Inc. 2/9/93 2/9/93-3.49% 12.58% 29.99% 12.21% 6.92% SA Columbia Focused Value Columbia Management Investment Advisers, LLC 10/4/01 10/1/01-5.21% 9.84% 29.85% 14.21% -14.66% Large Cap Value T.Rowe Price Associates, Inc./Wellington 3/1/99 2/8/99-6.11% 8.06% 28.69% 14.96% -3.29% Management Company LLP/ SunAmerica Asset Dogs of Wall Street SunAmerica Asset Management Corp. 4/1/98 4/1/98 0.70% 9.27% 34.78% 12.35% 11.06% SMALL AND MID-CAP GROWTH Growth Opportunities Invesco Advisers, Inc. 7/6/00 7/5/00-1.99% 2.34% 35.94% 16.00% -3.65% Mid-Cap Growth J.P. Morgan Investment Management Inc. 11/1/99 4/1/99 1.60% 9.78% 40.50% 14.55% -7.24% Mid Cap Growth T.Rowe Price Associates, Inc., J.P. Morgan 3/1/99 2/8/99-0.98% 8.18% 32.99% 15.64% -6.81% Investment Management, Inc. and SunAmerica Asset Aggressive Growth Wells Capital Management, Incorporated 6/3/96 6/3/96-2.51% -0.80% 41.02% 14.71% -3.32% SMALL AND MID-CAP CORE Small Cap ClearBridge Advisor, LLC/J.P. Morgan Investment Management Inc./SunAmerica Asset Withdrawal charge not deducted 3/1/99 2/8/99-6.92% 3.57% 36.09% 9.72% -6.14% VALIC Company I Mid Cap Index SunAmerica Asset 11/10/14 10/1/91-3.57% 8.21% 31.66% 16.24% -3.08% VALIC Company I Small Cap Index SunAmerica Asset 11/10/14 5/1/92-5.52% 3.62% 37.12% 14.79% -5.35% SMALL AND MID CAP VALUE Small & Mid Cap Value AllianceBernstein LP 8/2/02 8/1/02-7.10% 7.67% 35.94% 17.03% -9.22% Small Company Value Franklin Advisory Services, LLC 3/23/99 12/14/98-8.69% -1.32% 33.56% 16.25% -4.47% Mid Cap Value Goldman Sachs Asset Management, L.P./ 3/1/99 2/8/99-7.06% 11.14% 29.76% 15.12% -5.78% Massachusetts Financial Services Company/ SunAmerica Asset MULTI CAP Capital Appreciation Wellington Management Company, LLP 3/23/87 3/23/87 7.27% 13.70% 34.00% 22.22% -8.29% Growth Wellington Management Company, LLP 2/19/93 9/5/84-1.19% 6.01% 33.36% 12.46% -7.54% SPECIALTY Technology Columbia Management Advisors, LLC 7/5/00 7/5/00 8.61% 23.16% 24.19% 6.34% -6.75% Telecom Utility Massachusetts Financial Services Company 6/3/96 6/3/96-13.22% 10.98% 18.36% 11.93% 4.88% Morgan Stanley UIF Global Infrastructure Morgan Stanley Investment Management Inc. 11/10/14 3/1/90-14.83% 13.87% 16.20% 16.97% 14.40% Real Estate Pyramis Global Advisors, LLC 6/2/97 6/2/97 0.46% 28.03% -3.40% 15.65% 6.68% VALIC Company I Global Social Awareness SunAmerica Asset Management LLC 11/10/14 10/2/89-1.42% 6.79% 27.46% 16.01% -7.20% VALIC Company I Nasdaq-100 Index SunAmerica Asset Management LLC 11/10/14 10/2/00 8.00% 17.39% 34.74% 16.65% 1.84% Natural Resources Wellington Management Company LLP 10/31/94 1/4/88-22.45% -19.62% 4.38% 2.14% -21.34% FOREIGN AND GLOBAL STOCK American s Global Growth SAST 2 Capital Research and Management Company 9/5/06 4/30/97 5.49% 0.85% 27.41% 20.85% -10.08% International Equity Janus Capital Management LLC/T.Rowe Price 3/1/99 2/8/99-4.17% -7.59% 17.95% 15.43% -14.40% Associates, Inc./SunAmerica Asset Global Equities J.P. Morgan Asset Management Inc. 2/9/93 2/9/93-2.55% 2.80% 24.50% 15.33% -11.62% International Diversified Equities Morgan Stanley Investment Management Inc. 10/28/94 10/28/94-1.07% -9.68% 19.00% 15.83% -15.83% International Growth and Income Putnam Investment 6/2/97 6/2/97-2.92% -10.67% 20.40% 19.70% -14.96% VALIC Company I International Equities SunAmerica Asset 11/10/14 10/2/89-2.09% -6.48% 17.69% 15.75% -14.05% Index Foreign Value Templeton Investment Counsel, LLC 8/1/02 8/1/02-5.92% -7.99% 21.73% 18.01% -12.81% EMERGING MARKETS Emerging Markets J.P. Morgan Investment Management Inc. 6/2/97 6/2/97-15.43% -7.15% -4.69% 17.20% -27.10%
Subaccount Performance CALENDAR YEAR RETURNS Withdrawal charge not deducted 2015 2014 2013 2012 2011 MULTI-ALTERNATIVES BlackRock ishares Alternative BlackRock Advisors, LLC 11/10/14 4/30/14-2.32% Strategies V.I. Goldman Sachs VIT Multi-Strategy Goldman Sachs Asset Management, L.P. 11/10/14 4/25/14-5.93% Alternatives AMT Absolute Return Multi-Manager Neuberger Berman 11/10/14 5/1/14-6.10% TACTICAL ASSET ALLOCATION BlackRock ishares Dynamic BlackRock Advisors, LLC 11/10/14 4/30/14-5.04% Allocation V.I. Goldman Sachs Global Markets Goldman Sachs Asset Management, L.P. 11/10/14 4/16/12-6.85% 1.96% 12.32% Navigator PIMCO All Asset Pacific Investment Management Company LLC 11/10/14 4/30/03-10.18% -0.64% -0.99% 13.55% 0.81% Ivy s VIP Asset Strategy Waddell & Reed Investment Management Company 11/10/14 5/1/95-9.35% -6.33% 23.76% 17.88% -8.22% RISK MANAGED ASSET ALLOCATION BlackRock Global Allocation V.I. BlackRock Advisors, LLC 11/10/14 11/18/03-2.08% -0.33% 13.16% 8.76% -4.69% SA BlackRock VCP Global Multi Asset BlackRock Investment 1/25/16 1/25/16 VCP Managed Asset Allocation SAST Capital Research and Management Company 10/15/12 9/28/12-2.44% 1.57% 18.84% Invesco V.I. Balanced-Risk Allocation Invesco Advisers, Inc. 11/10/14 1/23/09-5.45% 4.55% 0.31% 9.43% -12.91% VCP Value Invesco Advisers, Inc. 5/1/13 5/1/13-3.34% 7.07% VCP Total Return Balanced Pacific Investment Management Company LLC 5/1/13 5/1/13-4.88% 5.06% SA Schroders VCP Global Allocation Schroder Investment Management North America 1/25/16 1/25/16 Inc. SA T. Rowe Price VCP Balanced T. Rowe Price Associates, Inc. 1/25/16 1/25/16 SunAmerica Dynamic Allocation SM SunAmerica Asset and 1/23/12 1/23/12-6.19% 3.18% 15.85% SunAmerica Dynamic Strategy SM SunAmerica Asset and 7/16/12 7/16/12-6.45% 3.16% 16.26% INCOME ORIENTED American s Capital Income Builder Capital Research and Management Company 11/10/14 5/1/14-2.87% Franklin Income VIP Franklin Advisers, Inc. 2/4/08 1/24/89-8.07% 3.47% 12.70% 11.43% 1.26% TRADITIONAL ASSET ALLOCATION SA BlackRock Advisors, LLC Multi-Asset BlackRock Investment 3/23/87 3/23/87-5.77% 8.15% 16.19% 7.27% -2.25% Income 3 American s Asset Allocation SAST Capital Research and Management Company 9/5/06 8/1/89-0.02% 3.93% 22.01% 14.48% -0.14% Asset Allocation Edge Asset Management, Inc. 7/1/93 7/1/93-3.04% 6.02% 16.30% 10.42% -0.39% Franklin Founding s Allocation VIP Franklin Templeton Services, LLC 2/4/08 7/2/07-7.24% 1.72% 22.42% 14.08% -2.62% Managed Allocation Balanced SunAmerica Asset 2/14/05 2/13/05-2.41% 4.17% 10.25% 9.47% -0.59% Managed Allocation Moderate SunAmerica Asset 2/14/05 2/13/05-2.71% 4.11% 13.17% 10.55% -2.94% Managed Allocation Moderate Growth SunAmerica Asset 2/14/05 2/13/05-2.81% 4.00% 16.01% 11.71% -4.62% Managed Allocation Growth SunAmerica Asset 2/14/05 2/13/05-2.94% 4.08% 22.33% 13.65% -7.64% Balanced J.P. Morgan Investment Management Inc. 6/3/96 6/3/96-1.31% 9.95% 17.88% 11.65% 0.85% SA MFS Total Return Massachusetts Financial Services Company 10/28/94 10/28/94-1.79% 6.99% 17.41% 9.81% 0.60% Asset Allocation: Diversified Growth Putnam Investment 11/10/14 4/15/97-1.49% 7.85% 22.73% 14.38% -3.59% MULTI-SECTOR/NON TRADITIONAL BOND BlackRock ishares Dynamic BlackRock Advisors, LLC 11/10/14 4/30/14-2.55% Fixed Income V.I. Franklin Strategic Income VIP Franklin Advisers, Inc. 11/10/14 7/1/99-4.92% 0.75% 2.19% 11.52% 1.45% Goldman Sachs Strategic Income Goldman Sachs Asset Management, L.P. 11/10/14 4/14/14-3.32% Lord Abbett Bond Debenture Lord Abbett & Co. LLC 11/10/14 12/3/01-2.61% 0.41% 6.99% 11.30% 3.24% PIMCO Unconstrained Bond Pacific Investment Management Company LLC 11/10/14 5/2/11-2.85% 1.50% -2.57% 6.52% FOREIGN AND GLOBAL BOND Columbia -Emerging Columbia Management Investment Advisers, LLC 11/10/14 4/30/12-2.39% -0.58% -8.66% Markets Bond Global Bond Goldman Sachs Asset Management, L.P. 7/1/93 7/1/93-4.17% -1.67% -4.84% 2.46% 4.37% PIMCO Emerging Markets Bond Pacific Investment Management Company LLC 11/10/14 9/30/02-3.38% -0.01% -8.06% 14.21% -0.29% CORPORATE/GOVT. BOND Ultra Short Bond 4 Dimensional Advisors LP 2/9/93 2/9/93-1.55% -1.62% -1.60% -1.55% -1.65% Corporate Bond Federated Investment Management Company 7/1/93 7/1/93-2.55% 4.39% 0.04% 9.96% 4.93% SA JP Morgan MFS Core Bond J.P. Morgan Investment Management Inc./ 10/28/94 10/28/94-1.46% 3.41% -4.88% 5.85% 4.95% Massachusetts Financial Services Company Diversified Fixed Income PineBridge Investments LLC and Wellington 3/10/99 2/8/99-1.62% 3.60% -4.15% 4.13% 5.93% Management Company LLP Government and Quality Bond Wellington Management Company LLP 9/5/84 9/5/84-0.81% 3.76% -3.41% 2.43% 5.62% INFLATION PROTECTED SECURITIES Real Return Wellington Management Company LLP 2/14/05 2/13/05-2.43% 0.52% -6.28% 2.63% 4.91% SHORT-TERM BOND Columbia -Limited Columbia Management Investment Advisers, LLC 11/10/14 5/7/10-3.56% -4.32% 0.08% 4.88% 0.98% Duration Credit Lord Abbett Short Duration Lord Abbett & Co. LLC 11/10/14 4/14/14-0.52% HIGH-YIELD BOND High-Yield Bond PineBridge Investments LLC 2/9/93 2/9/93-5.58% -0.51% 6.46% 15.34% 2.96% 4 Effective May 1, 2016 the Cash Management portfolio changed its name to the Ultra Short Bond portfolio managed by Dimensional Advisors LP.