Securian's high-quality investment options

Securian Retirement Services provides a diversified range of investment options through a group variable annuity contract issued by the Minnesota Life Insurance Company.

Securian's investment options
Securian offers a diversified, standard investment array or the ability to select up to 20 options from our full array.

» View our investment options

Securian's standard array
For plan sponsors seeking assistance in selecting and monitoring plan investments, we offer a diversified, standard investment array. Not only does Securian preselect the options, we closely monitor the array and modify it when our due diligence analysis deems it necessary. An Investment Policy Statement and Due Diligence Report – both specifically designed for the standard array – are also provided.

Securian's full array
Plan sponsors wanting to create their own array can choose up to 20 options from our full investment array. Securian supports those efforts with selection tools and participant educational resources so plan sponsors can confidently select options and provide participants with the information needed to build individual portfolios. We also provide an Investment Policy Statement and an annual Due Diligence Report that can be used to monitor plan investments.

Separate Account Name		Underlying Investment Option		Standard Array
Guaranteed
General Account5 *Guaranteed Return Account5 If a guaranteed account is desired, only one of the guaranteed accounts can be selected.
Lifecycle Portfolios
LifeStrategy I1,2		Vanguard Lifestrategy Growth Fund
LifeStrategy II1,2		Vanguard Lifestrategy Moderate Growth Fund
LifeStrategy III1,2		Vanguard Lifestrategy Conservative Growth Fund
Cash
Money Market9		Advantus Money Market
Fixed Income
Short-Term Bond7		PIMCO Low Duration Fund, Institutional Shares
Aggregate Bond7		Advantus Aggregate Bond
Intermediate-Term Bond Index I7		Vanguard Intermediate-Term Bond Index Fund, Investor Shares
Long-Term Investment-Grade Bond7		Vanguard Long-Term Investment-Grade Fund, Investor Shares
Mortgage4		Ivy Mortgage Securities Fund, Class Y
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Specialty Funds
Multisector Bond I2,7,8		Loomis Sayles Bond Fund, Institutional Class
High Yield Bond I7,8		PIMCO High Yield Fund, Institutional Shares
Real Estate3		Ivy Real Estate Securities Fund, Class Y
Managed I		Ivy Balanced Fund, Class Y
Managed III		Vanguard Wellesley Income Fund
Managed IV		Van Kampen Equity and Income Fund, Class A Shares
Tactical Asset Allocation I1,2		Ivy Asset Strategy Fund, Class Y
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Domestic Equities
Large Value Equity Index I		Advantus S&P 500®/Citigroup Value Index
Large Value Equity II		Vanguard Windsor II Fund
Large Value Equity III1		T. Rowe Price Value Fund, Advisor Class
Large Value Equity VII		Van Kampen Comstock Fund, Class A Shares
Large Value Equity VIII		American Century Large Company Value Fund, Investor Class Shares
Large Value Equity XII		DFA US Large Cap Value Portfolio
Large Value Equity XIII		Allianz NFJ Large-Cap Value Fund, Institutional Shares
Multicap Value Equity I1		American Century Equity Income Fund, Investor Class Shares
Large Equity Index I		Advantus S&P 500® Index
Large Equity II2		Fidelity VIP Contrafund Portfolio
Large Equity IV		Domini Social Equity Fund
Large Equity VII		Victory Institutional Diversified Stock Fund
Large Equity VIII		Janus Adviser INTECH Risk-Managed Core Fund, Class I
Large Growth Equity Index I		Advantus S&P 500®/Citigroup Growth Index
Large Growth Equity III1		Janus Advisor Forty Fund
Large Growth Equity VI		Marsico Focus Fund
Large Growth Equity VII2		Ivy Large Cap Growth Fund, Class Y
Large Growth Equity VIII		T. Rowe Price Growth Stock Fund, Advisor Class
Large Growth Equity IX1,2		Janus Adviser Large Cap Growth Fund, Class I
Large Growth Equity X		Turner Core Growth Fund, Investor Class
Mid-Cap Value Equity I1		Janus Mid Cap Value Fund
Mid-Cap Value Equity III1,2		Goldman Sachs Mid Cap Value Fund, Institutional Shares
Mid-Cap Value Equity IV1		RiverSource Mid Cap Value Fund, Class R5
Small/Mid Value Equity I1		AllianceBernstein Small/Mid Cap Value Fund, Class R
Mid-Cap Equity I1		Vanguard Strategic Equity Fund
Mid-Cap Equity II1		Victory Special Value Fund, Class A
Small/Mid Equity Index I1		Vanguard Extended Market Index Fund
Mid-Cap Growth Equity I1		Disciplined Growth Investors Mid Cap Growth
Mid-Cap Growth Equity II1,2		Ivy Mid Cap Growth Fund, Class Y
Mid-Cap Growth Equity III1,2		Goldman Sachs Growth Opportunities Fund, Institutional Shares
Small Value Equity IX1		Wells Fargo Advantage Small Cap Disciplined Fund, Institutional Class
Small Value Equity XI1		Asten I River Road Small Cap Value Fund, Class N
Small Mid Value Equity II1		Allianz NFJ Small-Cap Value Fund, Institutional Shares
Small Value Equity XII1		Dreman Contrarian Small Cap Value Fund, Class I
Small/Mid Value Equity III1		DFA U.S. Targeted Value Portfolio
Small Equity III1		DFA U.S. Small Cap Portfolio
Small Equity VII1,3		Aston/TAMRO Small Cap Fund, Class N
Small Growth Equity V1		Turner Small Cap Growth Fund
Small Growth Equity IX1		Ivy Small Cap Growth Fund, Class Y
Small Growth Equity XII1		Alger SmallCap Growth Fund, I Shares**
Small Growth Equity XIII1		Allianz RCM Small-Cap Growth Fund, Institutional Class
Small/Mid Growth Equity I1		Baron Growth Fund
Small/Mid Growth Equity III1		Alger SmallCap and MidCap Growth Fund, Class I
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International Equities
International Value II2		Dodge & Cox International Stock Fund
International Value III2		DFA International Value Portfolio
International Core Index I2		American Beacon International Equity Index Fund, Institutional Class
International Core I2		GMO International Core Equity Fund, Class III
International Core III2		Julius Baer International Equity Fund II, Class I
International Growth I2,10		Janus Adviser International Growth Fund
International Growth II2		Van Kampen International Growth Fund, Class I Shares
Emerging Markets I2,10		Goldman Sachs Emerging Markets Equity Fund, Institutional Shares
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Strategic Dimension Funds
Technology I2,6		Allianz RCM Technology Fund, Institutional Shares
Science and Technology I1,2,6		Ivy Science and Technology Fund, Class Y
Health Care Equity II1,6		Alger Health Sciences Fund, Class A
Natural Resources I2,6		Ivy Global Natural Resources Fund, Class Y

We also offer a self-directed account. If the Guaranteed Return Account is selected, the self-directed account cannot be offered. Securities offered through Securian Financial Services, Inc., Member FINRA/SIPC, 400 Robert Street North, St. Paul, MN 55101, 1-888-237-1838.

*The Money Market Account can be substituted for the Guaranteed Return Account in the standard array. The Guaranteed Return Account is not available to defined benefit plan sponsors.

**Only available as part of the Standard Array.

¹ Investing in smaller and micro-cap companies involves greater risks not associated with investing in more established companies, such as business risk, stock price fluctuations and illiquidity.

² Investment risks associated with international investing, in addition to other risks, include currency fluctuations, political and economic instability and differences in accounting standards.

³ Investment risk associated in investing in real estate, in addition to other risks, includes rental income fluctuation, depreciation, property tax value changes, and differences in real estate market values.

⁴ The risks incurred by mortgage securities include, but are not limited to, reinvestment of prepaid loans at lower rates of return. In addition, the net asset value of mortgage securities may fluctuate in response to changes in interest rates and are not guaranteed.

⁵ The guarantees for the General and Guaranteed Return Accounts are solely based on the financial strength and claims paying ability of Minnesota Life.

⁶ Since this fund focuses its investments on companies in one specified sector, the fund may involve a greater degree of risk than an investment with greater diversification.

⁷ Investments in fixed income securities are subject to interest rate risk and, as such, the net asset value of bond and real estate funds will fall as interest rates rise.

⁸ Investments in high-yield securities are subject to greater credit risk and price fluctuation than many fixed income investments.

⁹ This money market separate account invests in short term financial instruments and does not attempt to hold the unit value at $1.00. The fluctuating unit value, which may be positive or negative, may result in a loss.

¹⁰ Investments in emerging markets involve heightened risks due to their smaller size and decreased liquidity.

The contract separate accounts and their performance are not guaranteed, and amounts placed in the separate account investment options may increase or decrease in value.

“Standard & Poor’s®,” “S&P®,” “S&P500®,” “Standard & Poor’s 500®,” “500,” “S&P 500/Citigroup Growth Index” and “S&P 500/Citigroup Value Index” are registered trademarks of the McGraw-Hill Companies, Inc. and have been licensed for use by The Minnesota Life Insurance Company. The Minnesota Life variable separate account (the “Product”) is not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of investing in the Products. The underlying fund seeks investment results generally corresponding to the Index from which it takes its name. You may not invest directly in an Index.

DOFU: 1-2008
A00048-0108