Fund Overview

Adviser:

Mason Street Advisors, LLC

Subadviser:

Delaware Investments Fund Advisers

Objective/Focus:

Invests primarily in a core group of 30-40 U.S. equity securities believed to be undervalued relative to their intrinsic value. The objective is to seek long – term growth of capital and income.

Asset Class:

Large-Cap Stocks

Style:

Value

Funds with a limited number of holdings may be more greatly affected by any single event or market development than funds that include more holdings.

Fund Facts as of 06/30/21

Fund Inception

07-31-2001

First Available for Variable Annuity

07-31-2001

First Available for Variable Life

07-31-2001

Net Assets

$1.0 Billion

Top 10 Portfolio Holdings % of Net Assets

ConocoPhillips

3.6%

Equity Residential

3.3%

Raytheon Co.

3.3%

Discover Financial Services

3.3%

Oracle Corp.

3.2%

Motorola Solutions, Inc.

3.2%

Northrop Grumman Corp.

3.1%

U.S. Bancorp

3.1%

Merck & Co., Inc.

3.1%

Comcast Corp. –¬†¬†Class A

3.1%

Total % of Net Assets

32.3%

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Disclosed Holdings

Sector Weightings % of Equities

Information Technology

18.2%

Health Care

17.4%

Financials

15.3%

Industrials

12.3%

Communication Services

8.7%