Funds are offered by prospectus only. Please read the prospectus carefully prior to purchasing. Before investing, investors should carefully consider the investment objectives, risks, charges and expenses of a fund.

Securian AM Funds are advised by Liberty Street Advisors and distributed by Foreside Fund Services, LLC.

IVY FUNDS mutual funds and IVY VARIABLE INSURANCE PORTFOLIOS are managed by Delaware Management Company (DMC), a series of Macquarie Investment Management Business Trust, and distributed by Delaware Distributors, L.P. As of April 30, 2021, the Ivy family of mutual funds became a part of the Delaware Funds by Macquarie family of funds.

Securian Funds are distributed through Securian Financial Services, Inc. Securities Dealer, Member FINRA/SIPC, an affiliate of Securian Asset Management, Inc. Shares of Securian Funds are sold only through the Trust's currently effective prospectus and are not available to the general public. An individual investor has access to the Funds only through the purchase of a Minnesota Life Insurance Company or Securian Life Insurance Company variable insurance product. For information about the variable insurance products that offer shares of the Funds, please refer to the appropriate separate account prospectus.