[January 22, 2019]

Securian Asset Management Announces Fund Name Changes, Morningstar Ratings

Securian Asset Management, Inc., a wholly owned asset management subsidiary of Securian Financial Group, Inc., has changed the name of three of its mutual funds.

The Advantus Strategic Dividend Income Fund is now the Securian AM Real Asset Income Fund. Additionally, the two Advantus Managed Volatility Funds are now the Securian AM Dynamic Managed Volatility Fund and the Securian AM Managed Volatility Equity Fund.

The fund name changes follow the May 2018 rebranding of Advantus Capital Management to Securian Asset Management.

The now Securian AM Managed Volatility Funds have also reached their three-year anniversary marks and received Morningstar ratings-important milestones.

The Securian AM Dynamic Managed Volatility Fund has received a 5-star overall rating (highest rating) from Morningstar based on returns among 290 Multialternative Funds as of December 31, 2018.

The Securian AM Managed Volatility Equity Fund has received a 4-star overall rating from Morningstar based on returns among 199 Long-Short Equity Funds as of December 31, 2018.

"These investment products are designed to offer adaptability as market conditions change, achieving flexibility through varying equity allocations," said Craig Stapleton, CFA, FRM, a senior vice president with Securian Asset Management and its head of ALM and quantitative strategies. "These strategies seek to reduce equity exposure when markets are more unstable, and increase exposure when market volatility is low."

ABOUT SECURIAN ASSET MANAGEMENT
As of the end of December 2018, Securian Asset Management manages over $38 billion for institutional clients, including corporations, endowments and foundations, government entities and pension plan managers. It specializes in fixed income, managed volatility, real assets, alterative investments and private credit-including privately placed bonds and commercial mortgage loans. Securian Asset Management also manages mutual funds, retirement investments and variable insurance fund investments.

DOFU 01-2019

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Disclosures:

The Funds' investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be obtained by calling 1-855-824-1355 or visiting www.securianamfunds.com. Read it carefully before investing.

Past performance is no guarantee of future results.

Mutual fund investing involves risk. Principal loss is possible. The Adviser may be unsuccessful in managing volatility and the Funds may experience a high level of volatility in their returns. The securities used in the strategy are subject to price volatility, and the strategy may not result in less volatile returns for the Funds relative to the market as a whole, and they could be more volatile.

The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating™ for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating™ metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Securian AM Dynamic Managed Volatility Fund received a 5 star rating among 290 Multialternative Funds for the 3 year period as of 12/31/18. The Securian AM Managed Volatility Equity Fund received a 4-star rating among 199 Long-Short Equity Funds for the 3 year period as of December 31, 2018. © 2019 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (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.

The Securian AM Funds are distributed by Quasar Distributors, LLC. Securian Asset Management, Inc. is the investment adviser. Securian Financial Group is not affiliated with Quasar Distributors, LLC.

Effective May 1, 2018 Advantus Capital Management, Inc. changed its name to Securian Asset Management, Inc. Securian Asset Management, Inc. is a subsidiary of Securian Financial Group, Inc.

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