Security Benefit Advisor Program

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1 Security Benefit Advisor Program Quarterly Performance Report as of March 31, 2015 You should consider the investment objectives, risks, charges, and expenses of the mutual funds carefully before investing. You may obtain prospectuses or summary prospectuses (if available) that contain this and other information about the mutual funds by calling our Service Center at You should read the prospectuses or summary prospectuses (if available) carefully before investing. Investing in mutual funds involves risk and there is no guarantee of investment results. The performance data quoted represents past performance. Past performance is no guarantee of future results. Investing in mutual funds involves risk. Investment return and principal value of an investment will fluctuate so that an investor s shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance data quoted. Go to then click "Prices" for the most recent month-end performance. One Security Benefit Place Topeka, Kansas securitybenefit.com

2 % 0.93% 1.40% 1.18% 1.35% 1.25% 1.07% 1.19% 2.04% 1.43% 1.33% 1.20% 1.15% 1.50% Money Market-Taxable Dreyfus General Money Market 1,5, % 0.01% 0.01% 0.02% 1.28% 2.32% 1.03% BofAML USD LIBOR 3 Mon CM 0.06% 0.23% 0.31% 0.33% 1.96% Rydex US Gov Money Market 2,5, % 0.00% 0.00% 0.00% 1.18% 2.27% 0.93% BofAML USD LIBOR 3 Mon CM 0.06% 0.23% 0.31% 0.33% 1.96% 1 7-day current yield as of : 0.01% 2 7-day current yield as of : 0.00% Aggressive Allocation American Century Str Alloc Agg % 8.33% 10.65% 10.33% 7.17% 7.49% 1.40% Morningstar Aggressive Target Risk 2.19% 5.39% 11.67% 10.83% 7.63% Bank Loan Guggenheim Floating Rate Strat % 2.97% 5.90% 6.68% 1.04% C 2/1/2016 S&P/LSTA Leveraged Loan TR 2.13% 2.53% 4.90% 5.06% 4.98% 193 Commodities Broad Basket PIMCO CommodityRealReturn % % % -4.19% -2.38% 2.85% 1.19% V Morningstar Long-Only Commodity TR -6.03% % % -2.79% -0.63% Conservative Allocation American Century Str Alloc Con % 5.46% 6.65% 7.22% 5.44% 5.98% 1.25% Morningstar Moderately Cons Target Risk 1.03% 3.46% 5.90% 6.69% 5.89% TRP Retirement Balanced % 3.51% 5.53% 5.99% 5.20% 5.39% 1.07% Morningstar Moderately Cons Target Risk 1.03% 3.46% 5.90% 6.69% 5.89% Corporate Bond Federated Bond % 4.95% 5.15% 6.40% 6.25% 6.40% 0.99% V Barclays US Corp IG TR USD 2.32% 6.81% 5.21% 6.50% 5.90% Diversified Emerging Mkts Goldman Sachs Emrg Mkts Eq % 5.15% 1.96% 1.44% 6.86% 6.26% 1.75% C 2/28/2015 MSCI EM NR USD 2.24% 0.44% 0.31% 1.75% 8.48% Invesco Developing Markets % -7.25% -1.45% 2.13% 9.63% 5.28% 1.41% C 6/30/2016 MSCI EM NR USD 2.24% 0.44% 0.31% 1.75% 8.48% Oppenheimer Developing Markets % -4.38% 2.31% 4.45% 10.93% 12.98% 1.32% C 10/28/2015 MSCI EM NR USD 2.24% 0.44% 0.31% 1.75% 8.48% Emerging Markets Bond PIMCO Emerging Markets Bond % 0.30% 2.02% 4.99% 6.77% 9.45% 1.20% JPM EMBI Global TR USD 2.06% 4.08% 4.38% 6.83% 8.04% Equity Energy Invesco Energy % % -2.94% 0.46% 5.51% 8.58% 1.15% S&P 1500 Energy TR -2.77% % 3.62% 7.64% 7.37% Equity Precious Metals Invesco Gold & Precious Metals % % % % 1.93% 5.32% 1.49% C 6/30/2016 MSCI World/Metals & Mining NR USD -4.64% % % % 2.16%

3 % 0.93% 1.43% 1.94% 1.16% 1.19% 0.76% 1.32% 0.97% 1.12% 1.18% 0.85% 1.19% 1.19% 1.10% Foreign Large Blend BlackRock Intl Opportunities % -5.63% 6.74% 4.92% 7.08% 11.84% 1.43% C 2/1/2016 MSCI ACWI Ex USA NR USD 3.49% -1.01% 6.40% 4.82% 5.46% Janus Overseas (Class S) % % -3.92% -4.79% 5.75% 1.52% 0.93% MSCI ACWI Ex USA NR USD 3.49% -1.01% 6.40% 4.82% 5.46% Foreign Large Growth American Century Intl Growth % -1.36% 9.19% 7.59% 5.97% 6.34% 1.43% MSCI ACWI Ex USA Growth NR USD 4.79% 1.71% 7.14% 5.75% 5.95% Fidelity Adv Intl Capital App % 6.07% 11.21% 9.14% 5.37% 6.49% 1.94% MSCI ACWI Ex USA Growth NR USD 4.79% 1.71% 7.14% 5.75% 5.95% Foreign Large Value Templeton Foreign % -7.15% 7.78% 5.94% 5.31% 10.78% 1.16% MSCI ACWI Ex USA Value NR USD 2.14% -3.76% 5.62% 3.84% 4.93% High Yield Bond Calamos High Income % 0.30% 5.47% 6.37% 6.03% 6.56% 1.19% BofAML US HY Master II TR USD 2.54% 2.05% 7.47% 8.40% 8.04% Franklin High Income % -1.33% 6.27% 7.69% 7.13% 7.89% 0.76% BofAML US HY Master II TR USD 2.54% 2.05% 7.47% 8.40% 8.04% Guggenheim High Yield % 1.27% 8.31% 7.31% 7.48% 6.78% 1.18% C 2/1/2016 BofAML US HY Master II TR USD 2.54% 2.05% 7.47% 8.40% 8.04% Pax World High Yield % -1.99% 5.04% 5.75% 6.11% 5.72% 0.97% BofAML US HY Master II TR USD 2.54% 2.05% 7.47% 8.40% 8.04% Inflation-Protected Bond PIMCO Real Return % 2.11% 0.23% 3.71% 4.16% 4.67% 1.10% V Barclays US Treasury US TIPS TR USD 1.42% 3.11% 0.63% 4.29% 4.55% Intermediate Government Goldman Sachs Gov Income % 3.64% 1.56% 2.84% 3.73% 4.61% 1.08% C 7/29/2015 Barclays US Government TR USD 1.60% 5.22% 2.32% 3.80% 4.50% Intermediate-Term Bond American Century Div Bond % 5.30% 2.79% 4.13% 4.80% 4.60% 0.85% Barclays US Agg Bond TR USD 1.61% 5.72% 3.10% 4.41% 4.93% Guggenheim Total Return Bond % 6.26% 6.85% 7.38% 0.87% C 2/1/2016 Barclays US Agg Bond TR USD 1.61% 5.72% 3.10% 4.41% 4.93% 905 Guggenheim U.S. Invst Grade Bond % 6.04% 5.77% 5.90% 3.75% 5.94% 1.02% C 2/1/2016 Barclays US Agg Bond TR USD 1.61% 5.72% 3.10% 4.41% 4.93% PIMCO Total Return % 4.97% 3.37% 4.30% 5.53% 5.22% 1.10% Barclays US Agg Bond TR USD 1.61% 5.72% 3.10% 4.41% 4.93%

4 1,333 1,333 1,333 1, % 1.18% 1.48% 1.29% 1.25% 1.26% 1.17% 0.97% 1.14% 1.08% 1.03% 1.18% 1.19% 1.18% Large Blend Dreyfus Appreciation % 7.46% 9.63% 11.45% 6.60% 10.66% 0.94% Russell 1000 TR USD 1.59% 12.73% 16.45% 14.73% 8.34% 1,333 1, Fidelity Adv Dividend Growth % 10.98% 14.34% 12.39% 7.23% 5.24% 1.18% Russell 1000 TR USD 1.59% 12.73% 16.45% 14.73% 8.34% 1,333 1, Guggenheim StylePlus Lrg Core % 13.31% 13.81% 11.65% 5.46% 10.51% 1.46% C 2/1/2016 Russell 1000 TR USD 1.59% 12.73% 16.45% 14.73% 8.34% 1,333 1, Wells Fargo Advtg Lg Cap Core % 15.51% 18.55% 15.38% 7.28% 1.14% C 11/30/2015 Russell 1000 TR USD 1.59% 12.73% 16.45% 14.73% 8.34% 1,333 1,184 Large Growth American Century Select % 17.01% 13.80% 13.83% 7.33% 5.35% 1.25% Russell 1000 Growth TR USD 3.84% 16.09% 16.34% 15.63% 9.36% 1, American Century Ultra % 14.38% 15.31% 14.66% 7.44% 6.66% 1.26% Russell 1000 Growth TR USD 3.84% 16.09% 16.34% 15.63% 9.36% 1, Fidelity Adv New Insights % 9.16% 14.20% 13.53% 9.44% 11.17% 1.17% Russell 1000 Growth TR USD 3.84% 16.09% 16.34% 15.63% 9.36% 1, Franklin Flex Cap Growth % 11.60% 13.19% 12.59% 8.16% 11.50% 0.97% Russell 1000 Growth TR USD 3.84% 16.09% 16.34% 15.63% 9.36% 1, INTECH U.S. Core % 14.11% 17.08% 15.67% 8.13% 18.77% 1.14% Russell 1000 Growth TR USD 3.84% 16.09% 16.34% 15.63% 9.36% 1, Invesco American Franchise % 13.02% 14.64% 13.53% 8.75% 1.08% Russell 1000 Growth TR USD 3.84% 16.09% 16.34% 15.63% 9.36% 1,328 Neuberger Berman Socially Resp % 11.46% 15.73% 13.70% 8.07% 7.86% 1.03% Russell 1000 Growth TR USD 3.84% 16.09% 16.34% 15.63% 9.36% 1, Pru Jennison 20/20 Focus % 8.96% 11.76% 10.29% 9.06% 7.92% 1.18% Russell 1000 Growth TR USD 3.84% 16.09% 16.34% 15.63% 9.36% 1, TRP Growth Stock % 16.26% 16.46% 15.65% 9.39% 10.84% 1.19% Russell 1000 Growth TR USD 3.84% 16.09% 16.34% 15.63% 9.36% 1, Wells Fargo Advtg Growth % 11.01% 12.20% 16.61% 12.29% 3.18% 1.18% Russell 1000 Growth TR USD 3.84% 16.09% 16.34% 15.63% 9.36% 1,

5 % 0.95% 1.12% 1.48% 0.83% 1.25% 1.23% 1.24% 1.05% 3.25% 2.41% 1.79% 1.11% 1.15% 1.22% 1.35% Large Value American Century Equity Income % 8.27% 11.86% 10.87% 6.75% 8.98% 1.18% Russell 1000 Value TR USD -0.72% 9.33% 16.44% 13.75% 7.21% BlackRock Equity Dividend % 6.65% 11.61% 11.61% 8.09% 10.05% 0.95% Russell 1000 Value TR USD -0.72% 9.33% 16.44% 13.75% 7.21% Dreyfus Strategic Value % 9.64% 17.58% 13.12% 8.15% 11.44% 0.98% C 1/1/2016 Russell 1000 Value TR USD -0.72% 9.33% 16.44% 13.75% 7.21% Guggenheim Large Cap Value % 5.73% 13.72% 10.86% 7.09% 8.72% 1.17% C 2/1/2016 Russell 1000 Value TR USD -0.72% 9.33% 16.44% 13.75% 7.21% Invesco Comstock % 7.10% 15.81% 13.30% 7.07% 11.10% 0.82% C 6/30/2016 Russell 1000 Value TR USD -0.72% 9.33% 16.44% 13.75% 7.21% Invesco Value Opportunities % 3.73% 13.14% 11.15% 5.03% 5.45% 1.24% C 6/30/2016 Russell 1000 Value TR USD -0.72% 9.33% 16.44% 13.75% 7.21% Neuberger Berman Lg Cp Val % 6.72% 14.95% 9.53% 6.15% 7.17% 1.23% Russell 1000 Value TR USD -0.72% 9.33% 16.44% 13.75% 7.21% Northern Large Cap Core % 10.81% 16.81% 14.82% 7.26% 0.62% C 7/31/2015 Russell 1000 Value TR USD -0.72% 9.33% 16.44% 13.75% 7.21% 991 Northern Large Cap Value % 10.39% 15.06% 10.71% 5.68% 6.28% 0.86% C 7/31/2015 Russell 1000 Value TR USD -0.72% 9.33% 16.44% 13.75% 7.21% Long/Short Equity Guggenheim Alpha Opportunity % 6.22% 12.88% 14.27% 9.11% 10.33% 2.12% C 2/1/2016 S&P 500 TR USD 0.95% 12.73% 16.11% 14.47% 8.01% Guggenheim Long Short Equity % 7.21% 6.87% 5.20% 4.84% 4.55% 1.88% V S&P 500 TR USD 0.95% 12.73% 16.11% 14.47% 8.01% Managed Futures Guggenheim Mgd Futures Strgy % 26.29% 4.79% 0.44% 1.13% 1.72% V Credit Suisse Mgd Futures Liquid TR USD 11.35% 35.75% 8.73% 5.20% 8.56% 90 Mid-Cap Blend Aston/Fairpointe Mid Cap % 7.03% 18.66% 14.93% 11.22% 13.16% 1.11% Russell Mid Cap TR USD 3.95% 13.68% 18.10% 16.16% 10.02% Dreyfus Opp Midcap Value % 6.43% 17.61% 14.94% 10.60% 13.33% 1.15% Russell Mid Cap TR USD 3.95% 13.68% 18.10% 16.16% 10.02% Invesco Mid Cap Core Equity % 4.22% 11.00% 8.92% 7.08% 10.83% 1.19% C 4/30/2015 Russell Mid Cap TR USD 3.95% 13.68% 18.10% 16.16% 10.02% RS Value % 14.08% 18.98% 12.92% 8.20% 8.05% 1.30% C 4/30/2015 Russell Mid Cap TR USD 3.95% 13.68% 18.10% 16.16% 10.02%

6 % 1.31% 1.28% 1.74% 1.21% 1.05% 1.27% 1.32% 1.17% 0.99% 1.40% 1.32% 1.09% 0.81% 0.87% 1.02% 2.88% 1.03% Mid-Cap Growth American Century Heritage % 13.55% 14.36% 14.67% 12.36% 9.11% 1.25% Russell Mid Cap Growth TR USD 5.38% 15.56% 17.41% 16.43% 10.19% Baron Asset % 12.57% 16.63% 14.98% 9.06% 11.60% 1.31% Russell Mid Cap Growth TR USD 5.38% 15.56% 17.41% 16.43% 10.19% Fidelity Adv Stk Slctr Mid Cap % 11.23% 15.68% 13.71% 7.34% 10.72% 1.28% Russell Mid Cap Growth TR USD 5.38% 15.56% 17.41% 16.43% 10.19% Guggenheim StylePlus Mid Growth % 15.63% 15.21% 14.00% 6.71% 10.15% 1.72% C 2/1/2016 Russell Mid Cap Growth TR USD 5.38% 15.56% 17.41% 16.43% 10.19% Invesco Mid Cap Growth % 13.72% 15.91% 14.20% 10.49% 12.53% 1.15% C 7/31/2015 Russell Mid Cap Growth TR USD 5.38% 15.56% 17.41% 16.43% 10.19% Pru Jennison Mid Cap Growth % 14.53% 14.46% 14.57% 11.29% 10.64% 1.05% Russell Mid Cap Growth TR USD 5.38% 15.56% 17.41% 16.43% 10.19% Wells Fargo Advtg Opportunity % 10.70% 14.16% 12.21% 8.09% 6.63% 1.23% C 1/31/2015 Russell Mid Cap Growth TR USD 5.38% 15.56% 17.41% 16.43% 10.19% Mid-Cap Value Fidelity Adv Levgd Co Stock % 7.82% 17.77% 14.55% 9.15% 13.80% 1.32% Russell Mid Cap Value TR USD 2.42% 11.70% 18.60% 15.84% 9.61% Fidelity Adv Value Strategies % 9.66% 16.39% 13.19% 7.70% 11.51% 1.17% Russell Mid Cap Value TR USD 2.42% 11.70% 18.60% 15.84% 9.61% Perkins Mid Cap Value % 6.51% 11.00% 9.66% 7.97% 13.50% 0.99% Russell Mid Cap Value TR USD 2.42% 11.70% 18.60% 15.84% 9.61% RidgeWorth Md Cap Value Equity % 7.45% 16.01% 13.07% 10.73% 11.99% 1.40% Russell Mid Cap Value TR USD 2.42% 11.70% 18.60% 15.84% 9.61% Moderate Allocation American Century Str Alloc Mod % 6.87% 8.94% 9.03% 6.56% 7.01% 1.32% Morningstar Moderately Aggr Target Risk 1.81% 4.80% 10.06% 9.72% 7.33% Calamos Growth and Income % 7.32% 7.94% 8.37% 6.61% 11.29% 1.09% Morningstar Moderately Aggr Target Risk 1.81% 4.80% 10.06% 9.72% 7.33% Invesco Equity and Income % 6.53% 12.51% 10.06% 7.16% 10.38% 0.80% C 6/30/2016 Morningstar Moderately Aggr Target Risk 1.81% 4.80% 10.06% 9.72% 7.33% Northern Glbl Asset Alloc % 2.51% 6.97% 7.39% 5.15% 6.37% 0.66% C 7/31/2015 Morningstar Moderately Aggr Target Risk 1.81% 4.80% 10.06% 9.72% 7.33% TRP Capital Appreciation % 12.28% 13.76% 12.26% 8.76% 8.50% 1.02% Morningstar Moderately Aggr Target Risk 1.81% 4.80% 10.06% 9.72% 7.33% Multialternative Guggenheim Multi-Hedge Strat % 8.79% 3.41% 4.04% 0.72% 1.52% V Morningstar Moderate Target Risk 1.37% 4.21% 8.05% 8.32% 6.78% Multisector Bond Pioneer Strategic Income % 3.08% 4.75% 5.78% 6.38% 7.13% 1.03% Barclays US Universal TR USD 1.73% 5.33% 3.49% 4.75% 5.15%

7 % 1.54% 1.37% 1.05% 1.85% 1.09% 1.50% 1.51% 1.35% 1.14% 1.26% 1.21% 1.38% 1.11% 1.14% Natural Resources Pru Jennison Natural Resources % % -7.47% -3.04% 5.65% 9.21% S&P North American Natural Resources TR -1.51% % 0.50% 3.86% 6.24% % Nontraditional Bond Guggenheim Macro Opportunities % 4.09% 6.48% 7.52% 1.32% C 2/1/2016 BofAML USD LIBOR 3 Mon CM 0.06% 0.23% 0.31% 0.33% 1.96% 224 Real Estate Fidelity Adv Real Estate % 24.37% 13.57% 15.08% 9.59% 11.83% 1.37% S&P United States REIT TR USD 4.74% 24.10% 14.18% 15.86% 9.60% Short-Term Bond PIMCO Low Duration % 0.63% 1.41% 1.89% 3.29% 2.96% 1.05% Barclays Govt/Credit 1-5 Yr TR USD 0.96% 1.99% 1.45% 2.18% 3.53% Small Blend Guggenheim Small Cap Value % -1.57% 11.54% 11.85% 16.20% 1.32% C 2/1/2016 Russell 2000 TR USD 4.32% 8.21% 16.27% 14.57% 8.82% PIMCO StocksPLUS Small Fund % 9.50% 19.01% 18.09% 13.22% 1.09% Russell 2000 TR USD 4.32% 8.21% 16.27% 14.57% 8.82% RidgeWorth Sm Cap Value Equity % 3.79% 13.60% 12.95% 9.60% 11.22% 1.50% Russell 2000 TR USD 4.32% 8.21% 16.27% 14.57% 8.82% RS Partners % -6.33% 13.55% 11.31% 7.36% 11.81% 1.45% C 4/30/2015 Russell 2000 TR USD 4.32% 8.21% 16.27% 14.57% 8.82% Wells Fargo Advtg Sm Cap Value % -7.29% 7.22% 6.60% 6.82% 10.60% 1.30% C 7/31/2015 Russell 2000 TR USD 4.32% 8.21% 16.27% 14.57% 8.82% Small Growth BlackRock Sm Cap Growth Equity % 7.67% 14.14% 13.69% 9.75% 9.54% 1.14% Russell 2000 Growth TR USD 6.63% 12.06% 17.74% 16.58% 10.02% ClearBridge Sm Cap Growth % 4.83% 15.11% 16.58% 10.16% 10.84% 1.26% Russell 2000 Growth TR USD 6.63% 12.06% 17.74% 16.58% 10.02% Invesco Small Cap Growth % 10.64% 17.78% 17.11% 10.59% 11.15% 1.21% Russell 2000 Growth TR USD 6.63% 12.06% 17.74% 16.58% 10.02% Oak Ridge Small Cap Growth % 13.09% 17.23% 15.61% 9.94% 10.80% 1.38% Russell 2000 Growth TR USD 6.63% 12.06% 17.74% 16.58% 10.02% Oppenheimer Discovery % 7.64% 16.17% 16.93% 9.93% 10.67% 1.11% Russell 2000 Growth TR USD 6.63% 12.06% 17.74% 16.58% 10.02% Pru Jennison Small Company % 11.42% 15.99% 14.59% 10.16% 10.85% 1.14% Russell 2000 Growth TR USD 6.63% 12.06% 17.74% 16.58% 10.02%

8 % 1.35% 1.48% 1.48% 1.75% 1.09% 1.13% 1.17% 1.20% 1.23% 1.25% 1.26% 1.26% 1.26% Small Value Guggenheim Mid Cap Value % -0.88% 11.94% 10.38% 8.96% 13.65% 1.39% Russell 2000 Value TR USD 1.98% 4.43% 14.79% 12.54% 7.53% Pru Small-Cap Value % 8.54% 15.25% 13.90% 7.34% 10.68% 1.24% C 11/30/2015 Russell 2000 Value TR USD 1.98% 4.43% 14.79% 12.54% 7.53% Royce Opportunity % -3.05% 14.30% 12.46% 8.48% 10.63% 1.48% Russell 2000 Value TR USD 1.98% 4.43% 14.79% 12.54% 7.53% Royce Value % 2.23% 9.31% 9.80% 8.57% 10.90% 1.48% Russell 2000 Value TR USD 1.98% 4.43% 14.79% 12.54% 7.53% Tactical Allocation PIMCO All Asset % -2.10% 2.63% 5.07% 4.80% 4.46% 1.62% C 7/31/2015 Morningstar Moderately Aggr Target Risk 1.81% 4.80% 10.06% 9.72% 7.33% Target Date TRP Retirement % 4.54% 7.07% 7.41% 5.86% 6.36% 1.09% Morningstar Lifetime Moderate % 4.16% 6.34% 7.70% 6.59% Target Date TRP Retirement % 5.35% 8.35% 8.42% 6.29% 4.37% 1.13% Morningstar Lifetime Moderate % 4.55% 7.10% 8.27% 6.89% Target Date TRP Retirement % 6.00% 9.48% 9.24% 6.58% 7.19% 1.17% Morningstar Lifetime Moderate % 4.93% 8.05% 8.93% 7.17% Target Date TRP Retirement % 6.69% 10.48% 9.94% 6.84% 4.58% 1.20% Morningstar Lifetime Moderate % 5.29% 9.20% 9.65% 7.42% Target Date TRP Retirement % 7.22% 11.34% 10.56% 7.11% 7.80% 1.23% Morningstar Lifetime Moderate % 5.52% 10.30% 10.28% 7.64% Target Date TRP Retirement % 7.58% 11.94% 10.96% 7.20% 4.78% 1.25% Morningstar Lifetime Moderate % 5.56% 11.04% 10.66% 7.80% Target Date TRP Retirement % 7.83% 12.31% 11.20% 7.33% 8.00% 1.26% Morningstar Lifetime Moderate % 5.44% 11.31% 10.77% 7.88% Target Date TRP Retirement % 7.85% 12.31% 11.19% 4.95% 1.26% Morningstar Lifetime Moderate % 5.26% 11.26% 10.69% 7.90% Target Date TRP Retirement % 7.83% 12.34% 11.20% 5.82% 1.26% Morningstar Lifetime Moderate % 5.05% 11.13% 10.56% 7.90%

9 % 1.45% 1.49% 1.13% 0.96% 1.05% 1.17% 0.91% 1.50% 1.28% 1.66% 1.13% Target Date TRP Retirement % 7.85% 12.31% 11.20% 4.94% 1.26% Morningstar Lifetime Moderate % 4.84% 10.96% 10.40% 7.84% Technology Invesco Technology % 13.48% 9.30% 12.47% 7.85% 3.93% 1.45% Morningstar SEC/Technology TR USD 1.49% 17.27% 13.03% 14.20% 10.42% RS Technology % 9.13% 11.85% 13.31% 10.44% 9.37% 1.49% Morningstar SEC/Technology TR USD 1.49% 17.27% 13.03% 14.20% 10.42% World Allocation BlackRock Global Allocation % 4.02% 6.80% 6.51% 7.16% 9.43% 1.13% Morningstar Global Allocation TR 1.73% 3.50% 7.68% 7.37% 6.61% Ivy Asset Strategy % -2.28% 7.79% 7.58% 10.41% 8.51% 0.96% Morningstar Global Allocation TR 1.73% 3.50% 7.68% 7.37% 6.61% World Bond American Century Intl Bond % -9.82% -3.54% -0.37% 1.46% 3.09% 1.05% Citi WGBI NonUSD USD -4.36% -9.82% -3.32% 0.38% 2.51% PIMCO Foreign Bond-Hedged % 10.48% 7.05% 6.80% 6.08% 5.78% 1.15% V Citi WGBI NonUSD USD -4.36% -9.82% -3.32% 0.38% 2.51% Templeton Global Bond % 1.03% 3.99% 4.47% 7.60% 7.93% 0.90% C 1/1/2016 Citi WGBI NonUSD USD -4.36% -9.82% -3.32% 0.38% 2.51% World Stock Deutsche Global Growth % 0.64% 9.90% 7.20% 6.30% 5.61% 1.50% MSCI ACWI NR USD 2.31% 5.42% 10.75% 8.99% 6.44% Franklin Mutual Global Disc % 6.07% 12.72% 9.63% 8.62% 10.08% 1.28% MSCI ACWI NR USD 2.31% 5.42% 10.75% 8.99% 6.44% Guggenheim World Equity Income % 3.21% 9.44% 6.41% 4.80% 7.42% 1.49% C 2/1/2016 MSCI ACWI NR USD 2.31% 5.42% 10.75% 8.99% 6.44% Oppenheimer Global % 8.82% 13.78% 10.84% 7.86% 11.63% 1.13% MSCI ACWI NR USD 2.31% 5.42% 10.75% 8.99% 6.44% *The average annual total return figures assume a one-time investment of $1,000 at the beginning of each period. All dividends are assumed to be reinvested. NAV performance returns do not reflect deduction of any front-end sales loads or contingent deferred sales loads that may be imposed by the funds. Such loads are waived by the funds for purchases made through this Program. If you purchase these funds outside of this Program, you may be subject to these charges. If the sales loads were reflected in the accompanying performance data, it would reduce the quoted performance. In addition, the NAV performance numbers do not reflect deduction of any Trust/Custodial Account charges, which would reduce the quoted performance. Because this performance information does not reflect deduction of Trust/Custodial Account charges, the quoted performance is higher than the performance experienced by your Trust/Custodial Account.

10 Fees and Expenses Fees and Expenses Option 3 Option 4 Option 5 Option 6 Option 7 Annual Account Fee $20 per year for account balances less than $25,000; No fee for account balances more than $25,000 Purchase Load 0.00% 5.50% 0.00% 0.00% 0.00% Account Distribution Fee (Custodial Fee) 1.00% 0.35% 1.25% 1.20% 1.25% Contingent Deferred Sales Charge Year CDSC One 1.00% Two 0.00% Rights of Accumulations Loan Fees All options (not available in all plans or IRAs) Loan Origination Fee $100 Loan Annual Maintenance Fee $50 Loan Interest Rate Prime + 1% Year CDSC One 1.00% Two 0.00% Year CDSC One 5.00% Two 4.00% Three 3.00% Four 2.00% Five 1.00% Six 0.00% 3 Investments in this fund that are withdrawn or transferred may be assessed a redemption fee, which is retained by the fund. Please consult with your financial representative. 4 This fund uses extended performance, which generally means that the fund manager calculates performance for the share class of the fund listed based upon on performance of a previous share class. Thus, older performance may have been higher or lower if the share class listed was in existence during such time periods. For specific periods using extended performance please consult the fund's prospectus. 5 The current yield more closely reflects the current earnings of the fund than the total return. 6 This Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in this Fund. 7 Effective December 5, 2014, Northern Large Cap Growth merged into Northern Large Cap Core. Effective January 9, 2015 Northern Large Cap Core is closed to new and additional investments. C - The difference between the gross expense ratio and the net expense ratio represents a contractual waiver of fees. A contractual waiver is generally provided for a specified period of time. V - The difference between the gross expense ratio and the net expense ratio represents a voluntary waiver of fees. Unlike a contractual waiver, a voluntary waiver is not provided for a specified period of time and may end without notice. Refer to the fund's prospectus for details about this voluntary waiver. Triple-digit or high double-digit performance is attributable, in part, to unusually favorable market conditions and may not be repeated or consistently achieved in the future. Recent market volatility may affect performance so that current performance may be lower. Performance, especially for short time periods, should not be the sole factor in making your investment decisions. The Fidelity Advisor Stock Selector Mid Cap and Prudential Jennison Small Company funds may not be available in all plans. Contact your financial representative or employer for details. Effective July 8, 2011, Invesco Developing Markets and Invesco Small Cap Growth are closed to new purchases or transfers. Effective April 23, 2012, Wells Fargo Advantage Growth will no longer be available for purchase or transfers. Effective June 30, 2014, the Clearbridge Small Cap Growth fund is closed to new purchases or transfers. The Security Benefit Advisor 403(b)(7) is a Custodial Account under 403(b)(7) of the Internal Revenue Code. The Security Benefit Advisor 457 is a Trust Account under 457 of the Internal Revenue Code. Security Benefit Advisor IRA is an IRA Custodial Account under 408(a) of the Internal Revenue Code. Account Charges - Fee Options 1 and 2 are no longer available for new accounts. For those accounts that have been established under these options the fees and expenses are as follows: Option 1 - Purchase Load of 5.25% with an account distribution fee of 0.35%; No CDSC. Option 2 No Purchase Load; account distribution fee of 0.85%. Option 2 also has a Contingent Deferred Sales Charge (CDSC): 5.00% for years 1 & 2, 4.00% for year 3, 3.00% for year 4, 2.00% for year 5, and 1.00% for year 6, and 0.00% for year 7. Broker Compensation Security Distributors, Inc. ( SDI ) pays commissions to the selling broker/dealer in connection with contributions to your custodial account. SDI may use any of its corporate assets to pay such commissions and other distribution costs. A portion of any payments made to the selling broker/dealer may be passed on to the registered representative in accordance with the broker/dealer s internal compensation programs. SDI pays commissions that range in amount from 1.00% to 5.00% as a percentage of initial and subsequent contributions at the time it receives them. SDI also pays asset-based commissions that range from an annual percentage of 0.25% to 1.00% of average account value. The commission amount generally varies according to the custodial account fee option selected. Please ask your registered representative for further information about what he or she and the selling broker/dealer for whom he or she works may receive in connection with your contributions to the custodial account.

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12 Administrative, Marketing, and Support Service Payments SDI (and its affiliates) may receive payments from the underlying funds, their advisers, sub-advisers, and distributors, or affiliates thereof, in consideration for distribution, administrative, marketing, and other services SDI (or its affiliates) provides. SDI negotiates these payments, which may differ by underlying fund (sometimes substantially), and the amounts SDI (or its affiliates) receive may be significant. Making these payments may provide an adviser, sub-adviser, or distributor (or affiliate thereof) with increased access to the SDI and its affiliates. SDI and its affiliates anticipate they will receive payments from the underlying funds, their advisers, sub-advisers, and distributors, or affiliates thereof in the form of 12b-1 fees, investor services fees and administrative payments that range in total from 0.25% to a maximum of 0.65% of the average net assets of the account invested in the underlying fund on an annual basis. This does not include the arrangements with certain of the investment advisers, sub-advisers, or distributors (or affiliates thereof) of certain of the Underlying Funds in which the payment is not based on the average net assets of the accounts invested in the underlying fund. Morningstar Rating Often simply called the Star Rating, the Morningstar Rating brings load-adjustments, performance (returns) and risk together into one evaluation. To determine a fund's star rating for a given time period (three, five, or ten years), the fund's risk-adjusted return is plotted on a bell curve: If the fund scores in the top 10% of its category, it receives 5 stars (Highest); if it falls in the next 22.5% it receives 4 stars (Above Average); a place in the middle 35% earns 3 stars (Average); those lower still, in the next 22.5%, receive 2 stars (Below Average); and the bottom 10% get only 1 star (Lowest). The Overall Morningstar Rating is a weighted average of the available three-, five-, and ten-year ratings Morningstar, Inc. All Rights Reserved. The information contained herein: 1) is proprietary to Morningstar and/or its content providers; 2) may not be copied or distributed; and 3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Securities are distributed by Security Distributors, Inc., a subsidiary of Security Benefit Corporation ( Security Benefit ). All Dow Jones (DJ) indexes, 2015 Dow Jones & Company Inc. All MSCI indexes, 2015 Morgan Stanley Capital International, Inc. Each of the Morningstar Analyst Benchmark indexes is unmanaged and cannot be invested in directly. Although index returns were gathered from reliable sources, Morningstar Associates cannot guarantee their accuracy or completeness. Security Distributors, Inc /03/31 Rev 2 4/14/2015 2:12:27 PM