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Securian Financial

Prospectuses and reports

As of April 30, 2021, the SFT Ivy Growth Fund and SFT Ivy Small Cap Growth Fund investment sub-adviser changed to Delaware Investments Fund Advisers (DIFA), a series of Macquarie Invement Management Buisness Trust.

Effective May 1, 2021, the SFT International Bond Fund (all share classes) investment sub-adviser changed from Franklin Advisers, Inc. to Brandywine Global Investment Management, LLC.

Effective May 1, 2021, SFT Dynamic Managed Volatility Fund was renamed SFT Balanced Stabilization Fund.

Effective May 1, 2021, SFT Managed Volatility Equity Fund was renamed SFT Equity Stabilization Fund.

DOFU 06-2021

1658408