Fund Overview

Adviser:

Mason Street Advisors, LLC

Objective/Focus:

The Portfolio will follow a flexible policy for allocating assets among 55-75% equity securities, 25-45% fixed income and debt securities, and 0-15% cash equivalents. The Portfolio’s strategy is to adjust the mix between asset sectors to capitalize on the changing financial markets and economic conditions. The objective is to realize as high a level of total return as is consistent with reasonable investment risk.

Asset Class:

Flexible Portfolio

Style:

Hybrid-Market-Oriented for stocks, High/Medium/Low Credit Quality, Moderate Interest Rate Sensitivity for bonds, and High Quality, Short Maturity for money market.

No investment strategy can guarantee a profit or protect against a loss.

The Portfolio may gain exposure to foreign investments by investing in one or more of the Series Fund’s foreign portfolios. Each of those underlying portfolios has its own investment risks, including that it will not perform as expected. In addition, the Portfolio will bear a pro rata share of the underlying portfolios’ expenses.