Series F (Floating Rate Strategies Series)-Variable Annuity (n/a)

The Fund will, under normal circumstances, invest at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in floating rate senior secured syndicated bank loans, floating rate revolving.

The Investment Manager's investment philosophy is based on the belief that thorough research and independent thought can lead to performance that outperforms benchmark indexes with lower volatility and correlation of returns. The fund is actively managed, and investment decisions are made based on investment views. The Investment Manager may determine to sell a security for several reasons, including to adjust the portfolio’s average maturity or duration, or to shift assets into or out of higher-yielding securities; if a security’s credit rating has been changed, the Investment Manager’s credit outlook has changed, or for other similar reasons; to meet redemption requests; to take gains; or due to relative value. The fund may also invest in securities that are in default at the time of purchase. Under adverse or unstable market conditions or abnormal circumstances, the Fund can make temporary investments that are inconsistent with the Fund’s principal investment strategies. The fund may enter into a series of purchase and sale contracts or by using other investment techniques (such as dollar rolls).