Security Benefit Advisor Program

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 800.888.2461. 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 www.securitybenefit.com then click "Prices" for the most recent month-end performance. One Security Benefit Place Topeka, Kansas 66636-0001 securitybenefit.com

349 193 95 632 632 153 528 528 528 220 81 71 1.03% 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, 6 3-95 0.00% 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, 6 6-12 0.00% 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 3-31-15: 0.01% 2 7-day current yield as of 3-31-15: 0.00% Aggressive Allocation American Century Str Alloc Agg 10-96 3.05% 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% 349 310 198 Bank Loan Guggenheim Floating Rate Strat 11-11 1.90% 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 11-02 -5.23% -28.12% -12.65% -4.19% -2.38% 2.85% 1.19% V Morningstar Long-Only Commodity TR -6.03% -33.16% -12.09% -2.79% -0.63% 95 44 Conservative Allocation American Century Str Alloc Con 10-96 1.22% 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% 632 521 262 TRP Retirement Balanced 10-03 1.35% 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% 632 521 262 Corporate Bond Federated Bond 6-95 2.16% 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% 153 127 86 Diversified Emerging Mkts Goldman Sachs Emrg Mkts Eq 12-97 4.44% 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% 528 341 162 Invesco Developing Markets 1-94 -3.39% -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% 528 341 162 Oppenheimer Developing Markets 11-96 -1.35% -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% 528 341 162 Emerging Markets Bond PIMCO Emerging Markets Bond 7-97 2.08% 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% 220 108 47 Equity Energy Invesco Energy 3-02 -4.67% -24.16% -2.94% 0.46% 5.51% 8.58% 1.15% S&P 1500 Energy TR -2.77% -12.55% 3.62% 7.64% 7.37% 81 75 48 Equity Precious Metals Invesco Gold & Precious Metals 3-02 -5.01% -21.40% -23.54% -12.23% 1.93% 5.32% 1.49% C 6/30/2016 MSCI World/Metals & Mining NR USD -4.64% -21.41% -13.59% -10.22% 2.16% 71 67 51

635 635 293 293 305 595 595 595 595 192 300 905 905 905 905 1.53% 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 9-97 5.21% -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% 635 566 308 Janus Overseas (Class S) 4 7-09 -1.49% -14.17% -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% 635 566 308 Foreign Large Growth American Century Intl Growth 10-96 4.32% -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% 293 277 175 Fidelity Adv Intl Capital App 3 11-97 3.87% 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% 293 277 175 Foreign Large Value Templeton Foreign 10-82 4.59% -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% 305 259 130 High Yield Bond Calamos High Income 8-99 2.33% 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% 595 501 350 Franklin High Income 12-69 2.04% -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% 595 501 350 Guggenheim High Yield 8-96 2.42% 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% 595 501 350 Pax World High Yield 10-99 1.99% -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% 595 501 350 Inflation-Protected Bond PIMCO Real Return 12-02 1.40% 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% 192 174 87 Intermediate Government Goldman Sachs Gov Income 8-97 1.08% 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% 300 273 217 Intermediate-Term Bond American Century Div Bond 12-01 1.58% 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% 905 803 584 Guggenheim Total Return Bond 11-11 1.77% 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 8-85 1.43% 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% 905 803 584 PIMCO Total Return 12-02 2.06% 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% 905 803 584

1,333 1,333 1,333 1,333 0.94% 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 1-84 -0.15% 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 1,184 808 Fidelity Adv Dividend Growth 12-98 1.03% 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 1,184 808 Guggenheim StylePlus Lrg Core 9-62 1.25% 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 1,184 808 Wells Fargo Advtg Lg Cap Core 12-07 3.47% 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 8-97 5.39% 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% 1,328 915 American Century Ultra 10-96 3.81% 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% 1,328 915 Fidelity Adv New Insights 7-03 2.67% 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% 1,328 915 Franklin Flex Cap Growth 10-91 5.65% 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% 1,328 915 INTECH U.S. Core 4 7-09 2.86% 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% 1,328 915 Invesco American Franchise 3-99 3.54% 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 3-97 1.59% 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% 1,328 915 Pru Jennison 20/20 Focus 7-98 3.11% 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% 1,328 915 TRP Growth Stock 9-02 5.90% 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% 1,328 915 Wells Fargo Advtg Growth 2-00 4.77% 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% 1,328 915

160 160 90 319 319 319 319 1.18% 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 3-97 -0.18% 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% 991 689 BlackRock Equity Dividend 10-94 -1.08% 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% 991 689 Dreyfus Strategic Value 9-95 1.63% 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% 991 689 Guggenheim Large Cap Value 8-44 0.21% 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% 991 689 Invesco Comstock 10-68 -0.12% 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% 991 689 Invesco Value Opportunities 10-95 -0.96% 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% 991 689 Neuberger Berman Lg Cp Val 8-96 -0.56% 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% 991 689 Northern Large Cap Core 7 12-05 0.38% 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 8-00 0.50% 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% 991 689 Long/Short Equity Guggenheim Alpha Opportunity 7-03 -2.05% 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% 160 82 34 Guggenheim Long Short Equity 3-02 3.38% 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% 160 82 34 Managed Futures Guggenheim Mgd Futures Strgy 3-07 8.22% 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 9-94 2.29% 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% 319 268 168 Dreyfus Opp Midcap Value 9-95 1.04% 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% 319 268 168 Invesco Mid Cap Core Equity 6-87 2.30% 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% 319 268 168 RS Value 6-93 4.78% 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% 319 268 168

415 415 415 415 787 787 787 787 787 200 208 1.25% 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 7-97 7.96% 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 6-87 3.44% 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 2-96 4.54% 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 9-69 5.38% 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 12-95 7.11% 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 12-96 6.11% 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 2-00 3.34% 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 12-00 4.03% 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% 415 349 232 Fidelity Adv Value Strategies 12-83 4.34% 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% 415 349 232 Perkins Mid Cap Value 4 7-09 0.00% 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% 415 349 232 RidgeWorth Md Cap Value Equity 10-03 0.29% 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% 415 349 232 Moderate Allocation American Century Str Alloc Mod 10-96 2.01% 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% 787 697 444 Calamos Growth and Income 9-88 0.62% 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% 787 697 444 Invesco Equity and Income 8-60 0.01% 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% 787 697 444 Northern Glbl Asset Alloc 7-93 1.69% 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% 787 697 444 TRP Capital Appreciation 12-04 3.13% 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% 787 697 444 Multialternative Guggenheim Multi-Hedge Strat 9-05 2.76% 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% 200 129 Multisector Bond Pioneer Strategic Income 4-99 1.27% 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% 208 165 97

140 224 234 449 620 620 620 620 620 656 656 656 656 656 656 1.16% 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 1-90 -2.35% -25.81% -7.47% -3.04% 5.65% 9.21% S&P North American Natural Resources TR -1.51% -13.47% 0.50% 3.86% 6.24% 140 110 54 1.16% Nontraditional Bond Guggenheim Macro Opportunities 11-11 1.79% 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 9-02 5.44% 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% 234 190 150 Short-Term Bond PIMCO Low Duration 12-02 0.70% 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% 449 390 273 Small Blend Guggenheim Small Cap Value 7-08 1.75% -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% 620 559 PIMCO StocksPLUS Small Fund 7-06 4.65% 9.50% 19.01% 18.09% 13.22% 1.09% Russell 2000 TR USD 4.32% 8.21% 16.27% 14.57% 8.82% 620 559 RidgeWorth Sm Cap Value Equity 10-03 2.28% 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% 620 559 360 RS Partners 7-95 -1.38% -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% 620 559 360 Wells Fargo Advtg Sm Cap Value 11-00 -2.83% -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% 620 559 360 Small Growth BlackRock Sm Cap Growth Equity 9-93 5.21% 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% 656 577 402 ClearBridge Sm Cap Growth 7-98 1.21% 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% 656 577 402 Invesco Small Cap Growth 10-95 5.51% 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% 656 577 402 Oak Ridge Small Cap Growth 1-94 7.11% 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% 656 577 402 Oppenheimer Discovery 9-86 7.42% 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% 656 577 402 Pru Jennison Small Company 1-90 5.62% 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% 656 577 402

362 362 362 362 198 116 125 194 144 194 144 193 143 173 1.39% 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 5-97 1.69% -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% 362 297 201 Pru Small-Cap Value 11-99 2.20% 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% 362 297 201 Royce Opportunity 5-00 1.02% -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% 362 297 201 Royce Value 6-01 3.32% 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% 362 297 201 Tactical Allocation PIMCO All Asset 4 1-06 -0.06% -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% 198 117 55 Target Date 2000-2010 TRP Retirement 2010 10-03 1.65% 4.54% 7.07% 7.41% 5.86% 6.36% 1.09% Morningstar Lifetime Moderate 2010 1.25% 4.16% 6.34% 7.70% 6.59% 116 109 38 Target Date 2011-2015 TRP Retirement 2015 4 5-07 2.03% 5.35% 8.35% 8.42% 6.29% 4.37% 1.13% Morningstar Lifetime Moderate 2015 1.36% 4.55% 7.10% 8.27% 6.89% 125 116 23 Target Date 2016-2020 TRP Retirement 2020 10-03 2.35% 6.00% 9.48% 9.24% 6.58% 7.19% 1.17% Morningstar Lifetime Moderate 2020 1.50% 4.93% 8.05% 8.93% 7.17% 194 165 55 Target Date 2021-2025 TRP Retirement 2025 4 5-07 2.71% 6.69% 10.48% 9.94% 6.84% 4.58% 1.20% Morningstar Lifetime Moderate 2025 1.66% 5.29% 9.20% 9.65% 7.42% 144 112 23 Target Date 2026-2030 TRP Retirement 2030 10-03 3.00% 7.22% 11.34% 10.56% 7.11% 7.80% 1.23% Morningstar Lifetime Moderate 2030 1.84% 5.52% 10.30% 10.28% 7.64% 194 165 55 Target Date 2031-2035 TRP Retirement 2035 4 5-07 3.22% 7.58% 11.94% 10.96% 7.20% 4.78% 1.25% Morningstar Lifetime Moderate 2035 1.99% 5.56% 11.04% 10.66% 7.80% 144 112 23 Target Date 2036-2040 TRP Retirement 2040 10-03 3.34% 7.83% 12.31% 11.20% 7.33% 8.00% 1.26% Morningstar Lifetime Moderate 2040 2.09% 5.44% 11.31% 10.77% 7.88% 193 164 50 Target Date 2041-2045 TRP Retirement 2045 5-07 3.36% 7.85% 12.31% 11.19% 4.95% 1.26% Morningstar Lifetime Moderate 2045 2.14% 5.26% 11.26% 10.69% 7.90% 143 111 Target Date 2046-2050 TRP Retirement 2050 12-06 3.40% 7.83% 12.34% 11.20% 5.82% 1.26% Morningstar Lifetime Moderate 2050 2.17% 5.05% 11.13% 10.56% 7.90% 173 127

108 194 194 459 459 298 298 298 903 903 903 903 1.26% 1.45% 1.49% 1.13% 0.96% 1.05% 1.17% 0.91% 1.50% 1.28% 1.66% 1.13% Target Date 2051+ TRP Retirement 2055 5-07 3.41% 7.85% 12.31% 11.20% 4.94% 1.26% Morningstar Lifetime Moderate 2055 2.19% 4.84% 10.96% 10.40% 7.84% 108 43 Technology Invesco Technology 3-02 4.13% 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% 194 186 147 RS Technology 11-95 2.15% 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% 194 186 147 World Allocation BlackRock Global Allocation 10-94 2.68% 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% 459 327 166 Ivy Asset Strategy 7-00 1.57% -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% 459 327 166 World Bond American Century Intl Bond 10-98 -4.89% -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% 298 232 138 PIMCO Foreign Bond-Hedged 12-02 2.41% 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% 298 232 138 Templeton Global Bond 9-86 0.08% 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% 298 232 138 World Stock Deutsche Global Growth 3 6-01 4.21% 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% 903 702 350 Franklin Mutual Global Disc 11-96 3.14% 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% 903 702 350 Guggenheim World Equity Income 10-93 1.78% 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% 903 702 350 Oppenheimer Global 12-69 7.33% 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% 903 702 350 *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.

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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