STOP THE PAPER! VISIT GENWORTH.COM TO REGISTER TO RECEIVE DOCUMENTS VIA E-MAIL. RETIREREADYSM VARIABLE INCOME PROVIDER May 1, 2008 Genworth Life & Annuity VA Separate Account 3 PROSPECTUS FOR A MODIFIED SINGLE PREMIUM IMMEDIATE VARIABLE ANNUITY Issued by Genworth Life and Annuity Insurance Company 41651 05/01/08
SUPPLEMENT DATED FEBRUARY 28, 2017 TO PROSPECTUS DATED MAY 1, 2008 (AS SUPPLEMENTED) FOR MODIFIED SINGLE PREMIUM PAYMENT VARIABLE IMMEDIATE ANNUITY CONTRACTS ISSUED BY GENWORTH LIFE AND ANNUITY INSURANCE COMPANY THROUGH ITS GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 3 This supplement updates certain information contained in your prospectus. Please read it carefully and keep it with your prospectus for future reference. The Board of Directors (the Board ) of State Street Variable Insurance Series Funds, Inc. approved the dissolution, liquidation and termination of the State Street Core Value Equity V.I.S. Fund (the Portfolio ). It is anticipated that the Portfolio will be liquidated on or about April 28, 2017. The Portfolio is available as an investment option under your variable annuity contract. In accordance with the Board s decision to terminate operations, the Portfolio will be liquidated effective at the close of trading on the New York Stock Exchange (the NYSE ) on or about April 28, 2017 (the Liquidation Date ). Assets held by the Separate Account that are invested in the Portfolio will be transferred at the close of trading on the NYSE on the Liquidation Date to the Goldman Sachs Variable Insurance Trust Goldman Sachs Government Money Market Fund. You may make transfers from the Portfolio to one or more of the Subaccounts investing in the Portfolios listed below. Transfers made from the Portfolio during the period from the date of this supplement to the Liquidation Date will not be considered a transfer for the purpose of calculating the number of transfers that may be made each calendar year without invoking our right to assess a transfer charge or for purposes of calculating the number of transfers that can be made each calendar year by U.S. Mail, voice response, telephone or facsimile. 41651 SUPPH 2/28/17
Subaccounts AB VARIABLE PRODUCTS SERIES FUND, INC. AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS) AMERICAN CENTURY VARIABLE PORTFOLIOS II, INC. BLACKROCK VARIABLE SERIES FUNDS, INC. COLUMBIA FUNDS VARIABLE SERIES TRUST II EATON VANCE VARIABLE TRUST FEDERATED INSURANCE SERIES Subaccount Investing In AB Global Thematic Growth Portfolio Class B AB Growth and Income Portfolio Class B AB International Value Portfolio Class B AB Large Cap Growth Portfolio Class B AB Small Cap Growth Portfolio Class B Invesco V.I. Comstock Fund Series II shares Invesco V.I. Core Equity Fund Series I shares Invesco V.I. Equity and Income Fund Series II shares Invesco V.I. Growth and Income Fund Series II shares Invesco V.I. International Growth Fund Series II shares VP Inflation Protection Fund Class II BlackRock Basic Value V.I. Fund Class III Shares BlackRock Global Allocation V.I. Fund Class III Shares BlackRock Value Opportunities V.I. Fund Class III Shares Columbia Variable Portfolio Select International Equity Fund Class 2 Variable Portfolio Loomis Sayles Growth Fund Class 1 VT Floating-Rate Income Fund Federated High Income Bond Fund II Service Shares Federated Kaufmann Fund II Service Shares Investment Objective Long-term growth of capital. Long-term growth of capital. Long-term growth of capital. Long-term growth of capital. Long-term growth of capital. Seeks capital growth and income through investments in equity securities, including common stocks, preferred stocks and securities convertible into common and preferred stocks. Long-term growth of capital. Seeks both capital appreciation and current income. Seeks long-term growth of capital and income. Long-term growth of capital. Pursues long-term total return using a strategy that seeks to protect against U.S. inflation. Seeks capital appreciation, and secondarily, income. Seeks high total investment return. Seeks long-term growth of capital. The fund seeks to provide shareholders with capital appreciation. The fund seeks long-term growth of capital. To provide a high level of current income. Seeks high current income. Seeks capital appreciation. Adviser (and Sub-Adviser(s), as applicable) AllianceBernstein, L.P. AllianceBernstein, L.P. AllianceBernstein, L.P. AllianceBernstein, L.P. AllianceBernstein, L.P. Invesco Advisers, Inc. Invesco Advisers, Inc. Invesco Advisers, Inc. Invesco Advisers, Inc. Invesco Advisers, Inc. American Century Investment Management, Inc. BlackRock Advisors, LLC BlackRock Advisors, LLC BlackRock Advisors, LLC Columbia Management Investment Advisers, LLC (subadvised by Threadneedle International Limited) Columbia Management Investment Advisers, LLC (subadvised by Loomis, Sayles & Company, L.P.) Eaton Vance Management Federated Investment Management Company Federated Equity Management Company of Pennsylvania (subadvised by Federated Global Investment Management Corp.) 2
FIDELITY VARIABLE INSURANCE PRODUCTS FUND FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST Subaccount Investing In VIP Balanced Portfolio Service Class 2 VIP Contrafund Portfolio Service Class 2 VIP Dynamic Capital Appreciation Portfolio Service Class 2 VIP Equity-Income Portfolio Service Class 2 VIP Growth Portfolio Service Class 2 VIP Growth & Income Portfolio Service Class 2 VIP Mid Cap Portfolio Service Class 2 VIP Value Strategies Portfolio Service Class 2 Franklin Income VIP Fund Class 2 Shares Franklin Mutual Global Discovery VIP Fund Class 2 Shares Franklin Mutual Shares VIP Fund Class 2 Shares Templeton Growth VIP Fund Class 2 Shares Investment Objective Seeks income and capital growth consistent with reasonable risk. Seeks long-term capital appreciation. Seeks capital appreciation. Seeks reasonable income. The fund will also consider the potential for capital appreciation. The fund s goal is to achieve a yield which exceeds the composite yield on the securities comprising the S&P 500 Index. Seeks to achieve capital appreciation. Seeks high total return through a combination of current income and capital appreciation. Seeks long-term growth of capital. Seeks capital appreciation. Seeks to maximize income while maintaining prospects for capital appreciation. The fund normally invests in both equity and debt securities. Seeks capital appreciation. The fund normally invests primarily in U.S. and foreign equity securities that the manager believes are undervalued. Seeks capital appreciation, with income as a secondary goal. The fund normally invests primarily in U.S. and foreign equity securities that the manager believes are undervalued. Seeks long-term capital growth. The fund normally invests predominantly in equity securities of companies located anywhere in the world, including developing markets. Adviser (and Sub-Adviser(s), as applicable) Fidelity Management & Research Company (FMR) (subadvised by Fidelity Investments Money Management, Inc. (FIMM), FMR Co., Inc. (FMRC), Fidelity Research & Analysis Company (FRAC), Fidelity Management & Research (U.K.) Inc. (FMR U.K.), Fidelity International Investment Advisors (FIIA), Fidelity International Investment Advisors (U.K.) Limited (FIIA(U.K.)L), and Fidelity Investments Japan Limited (FIJ)) FMR (subadvised by FMRC, FRAC, FMR U.K., FIIA, FIIA(U.K.)L, and FIJ) FMR (subadvised by FMRC, FRAC, FMR U.K., FIIA, FIIA(U.K.)L, and FIJ) FMR (subadvised by FMRC, FRAC, FMR U.K., FIIA, FIIA(U.K.)L, and FIJ) FMR (subadvised by FMRC, FRAC, FMR U.K., FIIA, FIIA(U.K.)L, and FIJ) FMR (subadvised by FMRC, FRAC, FMR U.K., FIIA, FIIA(U.K.)L, and FIJ) FMR (subadvised by FMRC, FRAC, FMR U.K., FIIA, FIIA(U.K.)L, and FIJ) FMR (subadvised by FMRC, FRAC, FMR U.K., FIIA, FIIA(U.K.)L, and FIJ) Franklin Advisers, Inc. Franklin Mutual Advisers, LLC Franklin Mutual Advisers, LLC Templeton Global Advisors Limited 3
GOLDMAN SACHS VARIABLE INSURANCE TRUST Subaccount Investing In Goldman Sachs Government Money Market Fund Service Shares 1 Goldman Sachs Large Cap Value Fund Service Shares Goldman Sachs Strategic Growth Fund Service Shares JANUS ASPEN SERIES Balanced Portfolio Service Shares LORD ABBETT SERIES FUND, INC. MFS VARIABLE INSURANCE TRUST MFS VARIABLE INSURANCE TRUST II OPPENHEIMER VARIABLE ACCOUNT FUNDS Forty Portfolio Service Shares Bond-Debenture Portfolio Class VC Shares Calibrated Dividend Growth Portfolio Class VC Shares Growth Opportunities Portfolio Class VC Shares Growth and Income Portfolio Class VC Shares International Opportunities Portfolio Class VC Shares MFS Total Return Series Service Class Shares MFS Utilities Series Service Class Shares MFS Massachusetts Investors Growth Stock Portfolio Service Shares Oppenheimer Capital Appreciation Fund/VA Service Shares Oppenheimer Conservative Balanced Fund/VA Service Shares Oppenheimer Global Fund/VA Service Shares Oppenheimer Main Street Fund/ VA Service Shares Oppenheimer Main Street Small Cap Fund /VA Service Shares Investment Objective Maximize current income to the extent consistent with the preservation of capital and the maintenance of liquidity by investing exclusively in high quality money market instruments. The Fund seeks long-term capital appreciation. Seeks long-term growth of capital. Seeks long-term capital growth, consistent with preservation of capital and balanced by current income. A non-diversified portfolio 2 that seeks long-term growth of capital. Seeks high current income and the opportunity for capital appreciation to produce a high total return. Seeks current income and capital appreciation. Seeks capital appreciation. Seeks long-term growth of capital and income without excessive fluctuations in market value. Seeks long-term capital appreciation. The fund s investment objective is to seek total return. The fund s investment objective is to seek total return. The fund s investment objective is to seek capital appreciation. The Fund seeks capital appreciation. The Fund seeks total return. The Fund seeks capital appreciation. The Fund seeks capital appreciation. The Fund seeks capital appreciation. Adviser (and Sub-Adviser(s), as applicable) Goldman Sachs Asset Management, L.P. Goldman Sachs Asset Management, L.P. Goldman Sachs Asset Management, L.P. Janus Capital Management LLC Janus Capital Management LLC Lord, Abbett & Co. LLC Lord, Abbett & Co. LLC Lord, Abbett & Co. LLC Lord, Abbett & Co. LLC Lord, Abbett & Co. LLC Massachusetts Financial Services Company Massachusetts Financial Services Company Massachusetts Financial Services Company OFI Global Asset Management, Inc. (subadvised by OppenheimerFunds, Inc.) OFI Global Asset Management, Inc. (subadvised by OppenheimerFunds, Inc.) OFI Global Asset Management, Inc. (subadvised by OppenheimerFunds, Inc.) OFI Global Asset Management, Inc. (subadvised by OppenheimerFunds, Inc.) OFI Global Asset Management, Inc. (subadvised by OppenheimerFunds, Inc.) 1 There can be no assurance that the Goldman Sachs Government Money Market Fund will be able to maintain a stable net asset value per share. During extended periods of low interest rates, the yield on the Goldman Sachs Government Money Market Fund may become extremely low and possibly negative. 2 A non-diversified portfolio is a portfolio that may hold a larger position in a smaller number of securities than a diversified portfolio. This means that a single security s increase or decrease in value may have a greater impact on the return and the net asset value of a non-diversified portfolio than a diversified portfolio. 4
Subaccount Investing In Investment Objective Adviser (and Sub-Adviser(s), as applicable) PIMCO VARIABLE INSURANCE TRUST All Asset Portfolio Advisor Class Shares Seeks maximum real return, consistent with preservation of real capital and prudent investment management. Pacific Investment Management Company LLC/Research Affiliates, LLC High Yield Portfolio Administrative Class Shares Seeks maximum total return, consistent with preservation of capital and prudent investment management. Pacific Investment Management Company LLC Long-Term U.S. Government Portfolio Administrative Class Shares Seeks maximum total return, consistent with preservation of capital and prudent investment management. Pacific Investment Management Company LLC Low Duration Portfolio Administrative Class Shares Seeks maximum total return, consistent with preservation of capital and prudent investment management. Pacific Investment Management Company LLC Total Return Portfolio Administrative Class Shares Seeks maximum total return, consistent with preservation of capital and prudent investment management. Pacific Investment Management Company LLC THE PRUDENTIAL SERIES FUND Jennison Portfolio Class II Shares Seeks long-term growth of capital. Prudential Investments LLC (subadvised by Jennison Associates LLC) Jennison 20/20 Focus Portfolio Class II Shares Seeks long-term growth of capital. Prudential Investments LLC (subadvised by Jennison Associates LLC) Natural Resources Portfolio Class II Shares Seeks long-term growth of capital. Prudential Investments LLC (subadvised by Jennison Associates LLC) STATE STREET VARIABLE INSURANCE SERIES FUNDS, INC. Real Estate Securities V.I.S. Fund Class 1 Shares Seeks maximum total return through current income and capital appreciation. SSGA Funds Management, Inc. (subadvised by CenterSquare Investment Management, Inc.) Small-Cap Equity V.I.S. Fund Class 1 Shares Seeks long-term growth of capital. SSGA Funds Management, Inc. (subadvised by Palisade Capital Management, L.L.C, Champlain Investment Partners, LLC, GlobeFlex Capital, LP, Kennedy Capital Management, Inc. and SouthernSun Asset Management, Inc.) Total Return V.I.S. Fund Class 3 Shares Seeks the highest total return, composed of current income and capital appreciation, as is consistent with prudent investment risk. SSGA Funds Management, Inc. U.S. Equity V.I.S. Fund Class 1 Shares Seeks long-term growth of capital. SSGA Funds Management, Inc. WELLS FARGO VARIABLE TRUST Wells Fargo VT Omega Growth Fund Class 2 The fund seeks long-term capital appreciation. Wells Fargo Funds Management, LLC (subadvised by Wells Capital Management Incorporated) The following Portfolios are not available to contracts issued on or after May 1, 2008: Subaccount Investing In Investment Objective Adviser (and Sub-Adviser(s), as applicable) AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS) Invesco V.I. Value Opportunities Fund Series II Shares Long-term growth of capital. Invesco Advisers, Inc. BLACKROCK VARIABLE SERIES FUNDS, INC. BlackRock Large Cap Growth V.I. Fund Class III Shares Seeks long-term capital growth. BlackRock Advisors, LLC 5
Subaccount Investing In Investment Objective Adviser (and Sub-Adviser(s), as applicable) LEGG MASON PARTNERS VARIABLE EQUITY TRUST 2 ClearBridge Variable Aggressive Growth Portfolio Class II Seeks capital appreciation. Legg Mason Partners Fund Advisor, LLC (subadvised by ClearBridge Investments, LLC; Western Asset Management Company manages the portion of the fund s cash and short term investments allocated to it) ClearBridge Variable Large Cap Value Portfolio Class II Seeks long-term growth of capital. Current income is a secondary objective. Legg Mason Partners Fund Advisor, LLC (subadvised by ClearBridge Investments, LLC; Western Asset Management Company manages the portion of the fund s cash and short term investments allocated to it) MFS VARIABLE INSURANCE TRUST MFS Investors Trust Series Service Class Shares The fund s investment objective is to seek capital appreciation. Massachusetts Financial Services Company OPPENHEIMER VARIABLE ACCOUNT FUNDS Oppenheimer Discovery Mid Cap Growth Fund/VA Service Shares The Fund seeks capital appreciation. RYDEX VARIABLE TRUST NASDAQ 100 Fund 1 Seeks to provide investment results that correspond to a benchmark for over-the-counter securities. The portfolio s current benchmark is the NASDAQ 100 Index TM. STATE STREET VARIABLE INSURANCE SERIES FUNDS, INC. Income V.I.S. Fund Class 1 Shares Premier Growth Equity V.I.S. Fund Class 1 Shares S&P 500 Index V.I.S. Fund 2 Seeks maximum income consistent with prudent investment management and the preservation of capital. Seeks long-term growth of capital and future income rather than current income. Seeks growth of capital and accumulation of income that corresponds to the investment return of the S&P 500 Composite Stock Index. OFI Global Asset Management, Inc. (subadvised by OppenheimerFunds, Inc.) Security Global Investors, LLC known as Guggenheim Investments SSGA Funds Management, Inc. SSGA Funds Management, Inc. SSGA Funds Management, Inc. 1 The NASDAQ 100 Index is an unmanaged index that is a widely recognized indicator of OTC Market performance. 2 Standard & Poor s, S&P, and S&P 500 are trademarks of the McGraw-Hill Companies, Inc. and have been licensed for use by State Street Global Advisors. The S&P 500 Index Fund is not sponsored, endorsed, sold or promoted by Standard & Poor s, and Standard & Poor s makes no representation or warranty, express or implied, regarding the availability of investing in this portfolio or the contract. Not all of these Portfolios may be available in all states or all markets. Prospectuses for the Portfolios listed above may be obtained free of charge from our Home Office by calling: 800.352.9910 or by writing: Genworth Life and Annuity Insurance Company 6610 West Broad Street Richmond, Virginia 23230 Please include your name, the Annuitant s name, your contract number and your current mailing address on any written correspondence so we can ensure that the correct prospectuses are mailed to you. 6
SUPPLEMENT DATED AUGUST 14, 2014 TO PROSPECTUS DATED MAY 1, 2008 (AS SUPPLEMENTED) FOR MODIFIED SINGLE PREMIUM IMMEDIATE VARIABLE ANNUITY CONTRACTS ISSUED BY GENWORTH LIFE AND ANNUITY INSURANCE COMPANY THROUGH ITS GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 3 This supplement updates certain information contained in your variable annuity prospectus. Please read it and keep it with your prospectus for future reference. In a supplement dated August 1, 2014, the Legg Mason Partners Variable Equity Trust (the Trust ) announced that the Board of Trustees (the Board ) of the Trust approved a reorganization pursuant to which the assets of the ClearBridge Variable All Cap Value Portfolio Class I (the Acquired Fund ) would be acquired, and the liabilities of the Acquired Fund would be assumed, by the ClearBridge Variable Large Cap Value Portfolio Class I (the Acquiring Fund ), in exchange for shares of the Acquiring Fund. Shares of the Acquiring Fund would be distributed to fund shareholders, and the Acquired Fund would then be terminated. The reorganization is expected to be effected on or about December 5, 2014. Shareholders of the Acquired Fund will not be asked to vote with respect to the reorganization. On the date of the reorganization, assets held by the Separate Account that are invested in the ClearBridge Variable All Cap Value Portfolio Class I will be transferred to the ClearBridge Variable Large Cap Value Portfolio Class I. Contract owners that have Contract Value allocated to the Subaccount investing in the Acquired Fund on the date of the reorganization will, therefore, have their Contract Value transferred to the Subaccount investing in the Acquiring Fund. The Acquiring Fund will be available as an investment option under your contract on or about December 5, 2014, to accommodate this reorganization. It is anticipated that the Acquired Fund will be closed to purchases two days prior to the reorganization effective date. References to the Acquired Fund in the prospectus are updated accordingly to reflect the reorganization, the termination of the Acquired Fund and the availability of the Acquiring Fund as of the date of the reorganization.
Information about the investment objective and investment adviser for the Acquiring Fund is provided below: Subaccount Investing In Investment Objective Adviser ClearBridge Variable Large Cap Value Portfolio Class I Seeks long-term capital growth. Current income is a secondary objective. Legg Mason Partners Fund Advisor, LLC (subadvised by ClearBridge Investments, LLC; Western Asset Management Company manages the fund s cash and short term investments) You may make transfers from the Acquired Fund to one or more of the Subaccounts listed below. Such transfers will be considered a transfer for purposes of calculating the number of transfers that can be made each calendar year by U.S. Mail, voice response, telephone or facsimile. We will not, however, assess any charges for transfers made to any of these Portfolios. A transfer that is made automatically as a result of the reorganization will not be considered a transfer for any of the purposes described above. Subaccounts AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS) ALLIANCEBERNSTEIN VARIABLE PRODUCTS SERIES FUND, INC. AMERICAN CENTURY VARIABLE PORTFOLIOS II, INC. BLACKROCK VARIABLE SERIES FUNDS, INC. Subaccount Investing In Invesco V.I. Comstock Fund Series II shares Invesco V.I. Core Equity Fund Series I shares Invesco V.I. Equity and Income Fund Series II shares Invesco V.I. Growth and Income Fund Series II shares Invesco V.I. International Growth Fund Series II shares AllianceBernstein Global Thematic Growth Portfolio Class B Investment Objective Seeks capital growth and income through investments in equity securities, including common stocks, preferred stocks and securities convertible into common and preferred stocks. Long-term growth of capital. Adviser (and Sub-Adviser(s), as applicable) Invesco Advisers, Inc. Invesco Advisers, Inc. Seeks both capital appreciation Invesco Advisers, Inc. and current income. Seeks long-term growth of capital Invesco Advisers, Inc. and income. Long-term growth of capital. Invesco Advisers, Inc. Long-term growth of capital. AllianceBernstein Growth and Long-term growth of capital. Income Portfolio Class B AllianceBernstein International Long-term growth of capital. Value Portfolio Class B AllianceBernstein Large Cap Long-term growth of capital. Growth Portfolio Class B AllianceBernstein Small Cap Growth Long-term growth of capital. Fund Class B VP Inflation Protection Fund The fund pursues long-term total Class II return using a strategy that seeks to protect against U.S. inflation. BlackRock Basic Value V.I. Fund Class III Shares BlackRock Global Allocation V.I. Fund Class III Shares BlackRock Value Opportunities V.I. Fund Class III Shares 2 Seeks capital appreciation, and secondarily, income. AllianceBernstein, L.P. AllianceBernstein, L.P. AllianceBernstein, L.P. AllianceBernstein, L.P. AllianceBernstein, L.P. American Century Investment Management, Inc. BlackRock Advisors, LLC (subadvised by BlackRock Investment Management, LLC) Seeks high total investment return. BlackRock Advisors, LLC (subadvised by BlackRock Investment Management, LLC) Seeks long-term growth of capital. BlackRock Advisors, LLC (subadvised by BlackRock Investment Management, LLC)
COLUMBIA FUNDS VARIABLE INSURANCE TRUST I EATON VANCE VARIABLE TRUST FEDERATED INSURANCE SERIES FIDELITY VARIABLE INSURANCE PRODUCTS FUND FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST Subaccount Investing In Columbia Variable Portfolio Marsico Growth Fund Class 1 Columbia Variable Portfolio Marsico International Opportunities Fund Class 2 VT Floating-Rate Income Fund Federated High Income Bond Fund II Service Shares Federated Kaufmann Fund II Service Shares VIP Balanced Portfolio Service Class 2 VIP Contrafund Portfolio Service Class 2 VIP Dynamic Capital Appreciation Portfolio Service Class 2 VIP Equity-Income Portfolio Service Class 2 VIP Growth Portfolio Service Class 2 VIP Growth & Income Portfolio Service Class 2 VIP Mid Cap Portfolio Service Class 2 VIP Value Strategies Portfolio Service Class 2 Franklin Income VIP Fund Class 2 Shares Franklin Mutual Shares VIP Fund Class 2 Shares Mutual Global Discovery Securities Fund Class 2 Shares Investment Objective The fund seeks long-term growth of capital. The fund seeks long-term growth of capital. To provide a high level of current income. Seeks high current income. Seeks capital appreciation. Seeks income and capital growth consistent with reasonable risk. Seeks long-term capital appreciation. Seeks capital appreciation. Adviser (and Sub-Adviser(s), as applicable) Columbia Management Investment Advisers, LLC (subadvised by Marsico Capital Management, LLC) Columbia Management Investment Advisers, LLC (subadvised by Marsico Capital Management, LLC) Eaton Vance Management Federated Investment Management Company Federated Equity Management Company of Pennsylvania (subadvised by Federated Global Investment Management Corp.) Fidelity Management & Research Company (FMR) (subadvised by Fidelity Investments Money Management, Inc. (FIMM), FMR Co., Inc. (FMRC), Fidelity Research & Analysis Company (FRAC), Fidelity Management & Research (U.K.) Inc. (FMR U.K.), Fidelity International Investment Advisors (FIIA), Fidelity International Investment Advisors (U.K.) Limited (FIIA(U.K.)L), and Fidelity Investments Japan Limited (FIJ)) FMR (subadvised by FMRC, FRAC, FMR U.K., FIIA, FIIA(U.K.)L, and FIJ) FMR (subadvised by FMRC, FRAC, FMR U.K., FIIA, FIIA(U.K.)L, and FIJ) Seeks reasonable income. The FMR (subadvised by FMRC, fund will also consider the FRAC, FMR U.K., FIIA, potential for capital appreciation. FIIA(U.K.)L, and FIJ) The fund s goal is to achieve a yield which exceeds the composite yield on the securities comprising the S&P 500 Index. Seeks to achieve capital appreciation. Seeks high total return through a combination of current income and capital appreciation. FMR (subadvised by FMRC, FRAC, FMR U.K., FIIA, FIIA(U.K.)L, and FIJ) FMR (subadvised by FMRC, FRAC, FMR U.K., FIIA, FIIA(U.K.)L, and FIJ) Seeks long-term growth of capital. FMR (subadvised by FMRC, FRAC, FMR U.K., FIIA, FIIA(U.K.)L, and FIJ) Seeks capital appreciation. FMR (subadvised by FMRC, FRAC, FMR U.K., FIIA, FIIA(U.K.)L, and FIJ) Seeks to maximize income while Franklin Advisers, Inc. maintaining prospects for capital appreciation. The fund normally invests in both equity and debt securities. Seeks capital appreciation, with Franklin Mutual Advisers, LLC income as a secondary goal. The fund normally invests primarily in U.S. and foreign equity securities that the manager believes are undervalued. Seeks capital appreciation. The Franklin Mutual Advisers, LLC fund normally invests primarily in U.S. and foreign equity securities that the manager believes are undervalued. Templeton Growth VIP Seeks long-term capital growth. Templeton Global Advisors 3
GE INVESTMENTS FUNDS, INC. Subaccount Investing In Fund Class 2 Shares Core Value Equity Fund Class 1 Shares Real Estate Securities Fund Class 1 Shares Small-Cap Equity Fund Class 1 Shares Total Return Fund Class 3 Shares Adviser (and Sub-Adviser(s), Investment Objective as applicable) The fund normally invests Limited primarily in equity securities of companies located anywhere in the world, including emerging markets. Seeks long-term growth of capital GE Asset Management and future income. Incorporated Seeks maximum total return through current income and capital appreciation. Seeks long-term growth of capital. Seeks the highest total return, composed of current income and capital appreciation, as is consistent with prudent investment risk. GE Asset Management Incorporated (subadvised by CenterSquare Investment Management, Inc.) GE Asset Management Incorporated (subadvised by Palisade Capital Management, L.L.C, Champlain Investment Partners, LLC, GlobeFlex Capital, LP, Kennedy Capital Management, Inc. and SouthernSun Asset Management, Inc.) GE Asset Management Incorporated (subadvised by BlackRock Investment Management, LLC) U.S. Equity Fund Class 1 Shares Seeks long-term growth of capital. GE Asset Management Incorporated GOLDMAN SACHS VARIABLE INSURANCE TRUST JANUS ASPEN SERIES LORD ABBETT SERIES FUND, INC. MFS VARIABLE INSURANCE TRUST Goldman Sachs Large Cap Value Fund Service Shares Goldman Sachs Money Market Fund Service Shares Goldman Sachs Strategic Growth Fund Service Shares The Fund seeks long-term capital appreciation. Maximize current income to the extent consistent with the preservation of capital and the maintenance of liquidity by investing exclusively in high quality money market instruments. Seeks long-term growth of capital. Balanced Portfolio Service Shares Seeks long-term capital growth, consistent with preservation of capital and balanced by current income. Forty Portfolio Service Shares Bond-Debenture Portfolio Class VC Shares Calibrated Dividend Growth Portfolio Class VC Shares Growth Opportunities Portfolio Class VC Shares Growth and Income Portfolio Class VC Shares International Opportunities Portfolio Class VC Shares MFS Investors Growth Stock Series Service Class Shares MFS Total Return Series Service Class Shares MFS Utilities Series Service Class Shares A non-diversified portfolio 1 that seeks long-term growth of capital. Seeks high current income and the opportunity for capital appreciation to produce a high total return. Seeks current income and capital appreciation. Seeks capital appreciation. Seeks long-term growth of capital and income without excessive fluctuations in market value. Seeks long-term capital appreciation. The fund s investment objective is to seek capital appreciation. The fund s investment objective is to seek total return. The fund s investment objective is to seek total return. Goldman Sachs Asset Management, L.P. Goldman Sachs Asset Management, L.P. Goldman Sachs Asset Management, L.P. Janus Capital Management LLC Janus Capital Management LLC Lord, Abbett & Co. LLC Lord, Abbett & Co. LLC Lord, Abbett & Co. LLC Lord, Abbett & Co. LLC Lord, Abbett & Co. LLC Massachusetts Financial Services Company Massachusetts Financial Services Company Massachusetts Financial Services Company 1 A non-diversified portfolio is a portfolio that may hold a larger position in a smaller number of securities than a diversified portfolio. This means that a single security s increase or decrease in value may have a greater impact on the return and the net asset value of a non-diversified portfolio than a diversified portfolio. 4
OPPENHEIMER VARIABLE ACCOUNT FUNDS PIMCO VARIABLE INSURANCE TRUST Subaccount Investing In Oppenheimer Capital Appreciation Fund/VA Service Shares Oppenheimer Capital Income Fund/VA Service Shares Oppenheimer Global Fund/VA Service Shares Oppenheimer Main Street Fund/VA Service Shares Oppenheimer Main Street Small Cap Fund /VA Service Shares All Asset Portfolio Advisor Class Shares High Yield Portfolio Administrative Class Shares Long-Term U.S. Government Portfolio Administrative Class Shares Low Duration Portfolio Administrative Class Shares Investment Objective The Fund seeks capital appreciation. The Fund seeks total return. The Fund seeks capital appreciation. The Fund seeks capital appreciation. The Fund seeks capital appreciation. Seeks maximum real return consistent with preservation of real capital and prudent investment management. Seeks maximum total return, consistent with preservation of capital and prudent investment management. Seeks maximum total return, consistent with preservation of capital and prudent investment management. Seeks maximum total return, consistent with preservation of capital and prudent investment management. Adviser (and Sub-Adviser(s), as applicable) Oppenheimer Funds Oppenheimer Funds Oppenheimer Funds Oppenheimer Funds Oppenheimer Funds Pacific Investment Management Company LLC/Research Affiliates, LLC Pacific Investment Management Company LLC Pacific Investment Management Company LLC Pacific Investment Management Company LLC THE PRUDENTIAL SERIES FUND WELLS FARGO VARIABLE TRUST Total Return Portfolio Administrative Class Shares Jennison Portfolio Class II Shares Jennison 20/20 Focus Portfolio Class II Shares Natural Resources Portfolio Class II Shares Wells Fargo Advantage VT Omega Growth Fund Class 2 Seeks maximum total return, consistent Pacific Investment Management with preservation of capital and prudent Company LLC investment management. Seeks long-term growth of capital. Prudential Investments LLC (subadvised by Jennison Associates LLC) Seeks long-term growth of capital. Prudential Investments LLC (subadvised by Jennison Associates LLC) Seeks long-term growth of capital. Prudential Investments LLC (subadvised by Jennison Associates LLC) The fund seeks long-term capital appreciation. Wells Fargo Funds Management, LLC (subadvised by Wells Capital Management Incorporated) 5
The following Portfolios are not available to contracts issued on or after May 1, 2008: AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS) BLACKROCK VARIABLE SERIES FUNDS, INC. GE INVESTMENTS FUNDS, INC. LEGG MASON PARTNERS VARIABLE EQUITY TRUST 2 Subaccount Investing In Invesco V.I. Value Opportunities fund Series II shares BlackRock Large Cap Growth V.I. Fund Class III Shares Investment Objective Long-term growth of capital. Seeks long-term capital growth. Adviser (and Sub-Adviser(s), as applicable) Invesco Advisers, Inc. BlackRock Advisors, LLC (subadvised by BlackRock Investment Management, LLC) Income Fund Class 1 Shares Seeks maximum income consistent with GE Asset Management prudent investment management and the Incorporated preservation of capital. Premier Growth Equity Seeks long-term growth of capital and GE Asset Management Fund Class 1 Shares future income rather than current income. Incorporated S&P 500 Index Fund 1 ClearBridge Variable Aggressive Growth Portfolio Class II ClearBridge Variable All Cap Value Portfolio Class I ClearBridge Variable Large Cap Value Portfolio Class II Seeks growth of capital and accumulation of income that corresponds to the investment return of the S&P 500 Composite Stock Index. Seeks capital appreciation. Seeks long-term capital growth. Current income is a secondary consideration. GE Asset Management Incorporated (subadvised by SSgA Funds Management, Inc.) Legg Mason Partners Fund Advisor, LLC (subadvised by ClearBridge Advisors, LLC; Western Asset Management Company manages the fund s cash and short term investments) Legg Mason Partners Fund Advisor, LLC (subadvised by ClearBridge Advisors, LLC; Western Asset Management Company manages the fund s cash and short term investments) Seeks long-term growth of capital. Legg Mason Partners Fund Current income is a secondary objective. Advisor, LLC (subadvised by ClearBridge Advisors, LLC; Western Asset Management Company manages the fund s cash and short term investments) MFS VARIABLE INSURANCE TRUST OPPENHEIMER VARIABLE ACCOUNT FUNDS MFS Investors Trust Series Service Class Shares Oppenheimer Discovery Mid Cap Growth Fund/VA Service Shares The fund s investment objective is to seek capital appreciation. Seeks capital appreciation. RYDEX VARIABLE TRUST NASDAQ 100 Fund 3 Seeks to provide investment results that correspond to a benchmark for over-thecounter securities. The portfolio s current benchmark is the NASDAQ 100 Index TM. Massachusetts Financial Services Company Oppenheimer Funds Guggenheim Investments 1 Standard & Poor s, S&P, and S&P 500 are trademarks of the McGraw-Hill Companies, Inc. and have been licensed for use by GE Asset Management Incorporated. The S&P 500 Index Fund is not sponsored, endorsed, sold or promoted by Standard & Poor s, and Standard & Poor s makes no representation or warranty, express or implied, regarding the availability of investing in this portfolio or the contract. 2 The Board of Trustees of the Trust has approved a reorganization pursuant to which the assets of ClearBridge Variable All Cap Value Portfolio Class I will be acquired, and its liabilities assumed, by ClearBridge Variable Large Cap Value Portfolio - Class I, in exchange for shares of ClearBridge Variable Large Cap Value Portfolio Class I. Shares of ClearBridge Variable Large Cap Value Portfolio - Class I will be distributed to fund shareholders, and ClearBridge Variable All Cap Value - Class I will then be terminated. The reorganization is expected to be effected on or about December 5, 2014. It is anticipated that ClearBridge Variable All Cap Value Portfolio Class I shares will be closed to purchases two days prior to the reorganization effective date. ClearBridge Variable Large Cap Value Portfolio - Class I will be available on or about December 5, 2014. 3 The NASDAQ 100 Index is an unmanaged index that is a widely recognized indicator of OTC Market performance. 6
Not all of these Portfolios may be available in all states or all markets. Prospectuses for the Portfolios listed above may be obtained free of charge from our Home Office by calling: 800.352.9910 or by writing: Genworth Life and Annuity Insurance Company 6610 West Broad Street Richmond, VA 23230 Please include your name, the Annuitant s name, your contract number and your current mailing address on any written correspondence so we can ensure that the correct prospectuses are mailed to you. 7
SUPPLEMENT DATED JUNE 30, 2010 TO PROSPECTUS DATED MAY 1, 2008 (AS SUPPLEMENTED) FOR MODIFIED SINGLE PREMIUM PAYMENT VARIABLE IMMEDIATE ANNUITY CONTRACTS ISSUED BY GENWORTH LIFE AND ANNUITY INSURANCE COMPANY THROUGH ITS GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 3 This supplement updates certain information contained in your variable annuity prospectus. Please read it carefully and keep it with your prospectus for future reference. On April 26, 2010, the Board of Trustees (the Board ) of Eaton Vance Variable Trust voted to liquidate and terminate the Eaton Vance VT Worldwide Health Sciences Fund (the Portfolio ) after a determination that continuation of the Portfolio is not in the best interest of the Portfolio or its shareholders. In accordance with the Board s decision to terminate operations, the Portfolio will be liquidated effective at the close of trading on the New York Stock Exchange (the NYSE ) on September 17, 2010. Assets held by the Separate Account which are invested in the Portfolio will be transferred at the close of trading on the NYSE on September 17, 2010 to the GE Investments Funds, Inc. Money Market Fund. You may make transfers from the Portfolio to one or more of the Subaccounts investing in the Portfolios listed below. Transfers made from the Portfolio during the period from the date of this supplement to September 17, 2010 will not be considered a transfer for the purpose of calculating the number of transfers that may be made each calendar year without invoking our right to assess a transfer charge or for purposes of calculating the number of transfers that can be made each calendar year by U.S. Mail, voice response, telephone or facsimile. Subaccounts Subaccount Investing In Invesco V.I. Capital Appreciation Fund Series I shares (formerly, AIM V.I. Capital Appreciation Fund Series I shares) Invesco V.I. Core Equity Fund Series I shares (formerly, AIM V.I. Core Equity Fund Series I shares) Invesco V.I. International Growth Fund Series II shares (formerly, AIM V.I. International Growth Fund Series II shares) Invesco Van Kampen V.I. Capital Growth Fund Series II shares (formerly, Capital Growth Portfolio Class II shares) Investment Objective Long-term growth of capital. Adviser (and Sub-Adviser(s), as applicable) Invesco Advisers, Inc. AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS) Long-term growth of capital. Invesco Advisers, Inc. Long-term growth of capital. Invesco Advisers, Inc. Seeks capital growth. Invesco Advisers, Inc. 41651 SUPPF 06/30/10
ALLIANCEBERNSTEIN VARIABLE PRODUCTS SERIES FUND, INC. AMERICAN CENTURY VARIABLE PORTFOLIOS II, INC. BLACKROCK VARIABLE SERIES FUNDS, INC. COLUMBIA FUNDS VARIABLE INSURANCE TRUST I EATON VANCE VARIABLE TRUST EVERGREEN VARIABLE ANNUITY TRUST Subaccount Investing In Invesco Van Kampen V.I. Comstock Fund Series II shares (formerly, Comstock Portfolio Class II shares) Invesco Van Kampen V.I. Equity and Income Fund Series II shares (formerly, Equity and Income Portfolio Class II shares) AllianceBernstein Global Thematic Growth Portfolio Class B AllianceBernstein Growth and Income Portfolio Class B AllianceBernstein International Value Portfolio Class B AllianceBernstein Large Cap Growth Portfolio Class B AllianceBernstein Small Cap Growth Fund Class B VP Inflation Protection Fund Class II BlackRock Basic Value V.I. Fund Class III Shares BlackRock Global Allocation V.I. Fund Class III Shares BlackRock Value Opportunities V.I. Fund Class III Shares Columbia Marsico Growth Fund, Variable Series Class A Columbia Marsico International Opportunities Fund, Variable Series Class B VT Floating-Rate Income Fund Adviser (and Sub-Adviser(s), Investment Objective as applicable) Seeks capital growth and income Invesco Advisers, Inc. through investments in equity securities, including common stocks, preferred stocks and securities convertible into common and preferred stocks. Seeks both capital appreciation and Invesco Advisers, Inc. current income. Long-term growth of capital. Long-term growth of capital. Long-term growth of capital. Long-term growth of capital. Long-term growth of capital. The fund pursues long-term total return using a strategy that seeks to protect against U.S. inflation. Seeks capital appreciation, and secondarily, income. Seeks high total investment return. Seeks long-term growth of capital. The fund seeks long-term growth of capital. The fund seeks long-term growth of capital. To provide a high level of current income. AllianceBernstein, L.P. AllianceBernstein, L.P. AllianceBernstein, L.P. AllianceBernstein, L.P. AllianceBernstein, L.P. American Century Investment Management, Inc. BlackRock Advisors, LLC (subadvised by BlackRock Investment Management, LLC) BlackRock Advisors, LLC (subadvised by BlackRock Investment Management, LLC and BlackRock Asset Management U.K. Limited) BlackRock Advisors, LLC (subadvised by BlackRock Investment Management, LLC) Columbia Management Investment Advisers, LLC (subadvised by Marsico Capital Management, LLC) Columbia Management Investment Advisers, LLC (subadvised by Marsico Capital Management, LLC) Eaton Vance Management Evergreen VA Omega Fund Seeks long term capital growth. Evergreen Investment Management Class 2 1 Company, LLC 1 Effective July 16, 2010, the Evergreen VA Omega Fund Class 2 will be reorganized into the following fund: Subaccount Investing In Investment Objective Adviser (and Sub-Adviser(s), as applicable) WELLS FARGO VARIABLE TRUST Wells Fargo Advantage VT Omega Growth Fund Class 2 The fund seeks long-term capital appreciation. Wells Fargo Funds Management, LLC (sub-advised by Wells Capital Management Incorporated) 2
FEDERATED INSURANCE SERIES FIDELITY VARIABLE INSURANCE PRODUCTS FUND FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST Subaccount Investing In Federated High Income Bond Fund II Service Shares Federated Kaufmann Fund II Service Shares VIP Balanced Portfolio Service Class 2 VIP Contrafund Portfolio Service Class 2 VIP Dynamic Capital Appreciation Portfolio Service Class 2 VIP Equity-Income Portfolio Service Class 2 VIP Growth Portfolio Service Class 2 VIP Growth & Income Portfolio Service Class 2 VIP Mid Cap Portfolio Service Class 2 VIP Value Strategies Portfolio Service Class 2 Franklin Income Securities Fund Class 2 Shares Mutual Global Discovery Securities Fund Class 2 Shares Investment Objective Seeks high current income by investing in lower-rated corporate debt obligations, commonly referred to as junk bonds. Seeks capital appreciation. Seeks income and capital growth consistent with reasonable risk. Seeks long-term capital appreciation. Seeks capital appreciation. Seeks reasonable income. The fund will also consider the potential for capital appreciation. The fund s goal is to achieve a yield which exceeds the composite yield on the securities comprising the Standard & Poor s 500 SM Index (S&P 500 ). Seeks to achieve capital appreciation. Seeks high total return through a combination of current income and capital appreciation. Seeks long-term growth of capital. Seeks capital appreciation. Seeks to maximize income while maintaining prospects for capital appreciation. The fund normally invests in both equity and debt securities. Seeks capital appreciation. The fund normally invests primarily in U.S. and foreign equity securities that the manager believes are undervalued. The fund also invests, to a lesser extent, in risk arbitrage securities and distressed companies. Adviser (and Sub-Adviser(s), as applicable) Federated Investment Management Company Federated Equity Management Company of Pennsylvania (subadvised by Federated Global Investment Management Corp.) Fidelity Management & Research Company (FMR) (subadvised by Fidelity Investments Money Management, Inc. (FIMM), FMR Co., Inc. (FMRC), Fidelity Research & Analysis Company (FRAC), Fidelity Management & Research (U.K.) Inc. (FMR U.K.), Fidelity International Investment Advisors (FIIA), Fidelity International Investment Advisors (U.K.) Limited (FIIA(U.K.)L), and Fidelity Investments Japan Limited (FIJ)) FMR (subadvised by FMRC, FRAC, FMR U.K., FIIA, FIIA(U.K.)L, and FIJ) FMR (subadvised by FMRC, FRAC, FMR U.K., FIIA, FIIA(U.K.)L, and FIJ) FMR (subadvised by FMRC, FRAC, FMR U.K., FIIA, FIIA(U.K.)L, and FIJ) FMR (subadvised by FMRC, FRAC, FMR U.K., FIIA, FIIA(U.K.)L, and FIJ) FMR (subadvised by FMRC, FRAC, FMR U.K., FIIA, FIIA(U.K.)L, and FIJ) FMR (subadvised by FMRC, FRAC, FMR U.K., FIIA, FIIA(U.K.)L, and FIJ) FMR (subadvised by FMRC, FRAC, FMR U.K., FIIA, FIIA(U.K.)L, and FIJ) Franklin Advisers, Inc. Franklin Mutual Advisers, LLC 3
GE INVESTMENTS FUNDS, INC. GOLDMAN SACHS VARIABLE INSURANCE TRUST JANUS ASPEN SERIES LORD ABBETT SERIES FUND, INC. Subaccount Investing In Mutual Shares Securities Fund Class 2 Shares Templeton Growth Securities Fund Class 2 Shares Core Value Equity Fund Class 1 Shares Money Market Fund 1 Real Estate Securities Fund Class 1 Shares Small-Cap Equity Fund Class 1 Shares Total Return Fund Class 3 Shares U.S. Equity Fund Class 1 Shares Goldman Sachs Large Cap Value Fund Service Shares Goldman Sachs Strategic Growth Fund Service Shares Balanced Portfolio Service Shares Forty Portfolio Service Shares Capital Structure Class VC Shares (formerly, America s Value Portfolio Class VC Shares) Adviser (and Sub-Adviser(s), as applicable) Franklin Mutual Advisers, LLC Investment Objective Seeks capital appreciation, with income as a secondary goal. The fund normally invests primarily in U.S. and foreign equity securities that the manager believes are undervalued. The fund also invests, to a lesser extent, in risk arbitrage securities and distressed companies. Seeks long-term capital growth. The Templeton Global Advisors Limited fund normally invests primarily in equity securities of companies located anywhere in the world, including those in the U.S. and in emerging markets. Seeks long-term growth of capital and GE Asset Management Incorporated future income. Seeks a high level of current income GE Asset Management Incorporated consistent with the preservation of capital and the maintenance of liquidity. Seeks maximum total return through GE Asset Management Incorporated current income and capital (subadvised by Urdang Securities appreciation. Management, Inc.) Seeks long-term growth of capital. GE Asset Management Incorporated (subadvised by Palisade Capital Management, L.L.C, Champlain Investment Partners, LLC, GlobeFlex Capital, LP and SouthernSun Asset Management, Inc.) Seeks the highest total return, composed of current income and capital appreciation, as is consistent with prudent investment risk. Seeks long-term growth of capital. The fund seeks long-term capital appreciation. Seeks long-term growth of capital. Seeks long-term capital growth, consistent with preservation of capital and balanced by current income. A non-diversified portfolio 2 that seeks long-term growth of capital. Seeks current income and capital appreciation. GE Asset Management Incorporated (subadvised by Urdang Securities Management, Inc. and Palisade Capital Management, L.L.C.) GE Asset Management Incorporated Goldman Sachs Asset Management, L.P. Goldman Sachs Asset Management, L.P. Janus Capital Management LLC Janus Capital Management LLC Lord, Abbett & Co. LLC 1 During extended periods of low interest rates, the yields of the Money Market Fund may become extremely low and possibly negative. 2 A non-diversified portfolio is a portfolio that may hold a larger position in a smaller number of securities than a diversified portfolio. This means that a single security s increase or decrease in value may have a greater impact on the return and the net asset value of a non-diversified portfolio than a diversified portfolio. 4
MFS VARIABLE INSURANCE TRUST OPPENHEIMER VARIABLE ACCOUNT FUNDS PIMCO VARIABLE INSURANCE TRUST Subaccount Investing In Bond-Debenture Portfolio Class VC Shares Growth Opportunities Portfolio Class VC Shares Growth and Income Portfolio Class VC Shares International Opportunities Portfolio Class VC Shares (formerly, International Portfolio Class VC Shares) MFS Investors Growth Stock Series Service Class Shares MFS Total Return Series Service Class Shares MFS Utilities Series Service Class Shares Oppenheimer Balanced Fund/ VA Service Shares Oppenheimer Capital Appreciation Fund/VA Service Shares Oppenheimer Global Securities Fund/VA Service Shares Oppenheimer Main Street Fund/ VA Service Shares Oppenheimer Main Street Small Cap Fund/VA Service Shares All Asset Portfolio Advisor Class Shares High Yield Portfolio Administrative Class Shares Investment Objective Seeks high current income and the opportunity for capital appreciation to produce a high total return. Seeks capital appreciation. Seeks long-term growth of capital and income without excessive fluctuations in market value. Seeks long-term capital appreciation. The fund s investment objective is to seek capital appreciation. The fund s investment objective is to seek total return. The fund s investment objective is to seek total return. Seeks a high total investment return, which includes current income and capital appreciation in the value of its shares. Seeks capital appreciation by investing in securities of well-known established companies. Seeks long-term capital appreciation by investing a substantial portion of its assets in securities of foreign issuers, growth-type companies, cyclical industries and special situations that are considered to have appreciation possibilities. Seeks high total return. Seeks capital appreciation. Seeks maximum real return consistent with preservation of real capital and prudent investment management. Seeks maximum total return, consistent with preservation of capital and prudent investment management. Invests at least 80% of its assets in a diversified portfolio of high yield securities ( junk bonds ) rated below investment grade but rated at least Caa by Moody s or CCC by S&P, or, if unrated, determined by PIMCO to be of comparable quality, subject to a maximum of 5% of its total assets in securities rated Caa by Moody s or CCC by S&P, or, if unrated, determined by PIMCO to be of comparable quality. Adviser (and Sub-Adviser(s), as applicable) Lord, Abbett & Co. LLC Lord, Abbett & Co. LLC Lord, Abbett & Co. LLC Lord, Abbett & Co. LLC Massachusetts Financial Services Company Massachusetts Financial Services Company Massachusetts Financial Services Company OppenheimerFunds, Inc. OppenheimerFunds, Inc. OppenheimerFunds, Inc. OppenheimerFunds, Inc. OppenheimerFunds, Inc. Pacific Investment Management Company LLC Pacific Investment Management Company LLC 5