0001140019 2025-05-01 2025-05-01 0001140019 ck0001140019:C000068094Member 2025-05-01 2025-05-01 0001140019 ck0001140019:C000068094Member ck0001140019:C000042670Member 2025-05-01 2025-05-01 0001140019 ck0001140019:C000068094Member ck0001140019:C000042669Member 2025-05-01 2025-05-01 0001140019 ck0001140019:C000068094Member ck0001140019:C000042674Member 2025-05-01 2025-05-01 0001140019 ck0001140019:C000068094Member ck0001140019:C000042673Member 2025-05-01 2025-05-01 0001140019 ck0001140019:C000078453Member 2025-05-01 2025-05-01 0001140019 ck0001140019:C000078453Member ck0001140019:C000042669Member 2025-05-01 2025-05-01 0001140019 ck0001140019:C000078454Member 2025-05-01 2025-05-01 0001140019 ck0001140019:C000078454Member ck0001140019:C000042669Member 2025-05-01 2025-05-01 0001140019 ck0001140019:C000078454Member ck0001140019:C000042673Member 2025-05-01 2025-05-01 pure N-4 TALCOTT RESOLUTION LIFE INSURANCE CO SEPARATE ACCOUNT 11 0001140019 N-4 false 2026-04-23 <div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.316%"><tr><td style="width:1.0%"></td><td style="width:17.913%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:34.894%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.946%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.769%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.365%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.513%"></td><td style="width:0.1%"></td></tr><tr style="height:41pt"><td colspan="3" rowspan="2" style="background-color:#dedfe0;border-bottom:1pt solid #000;border-left:0.5pt solid #231f20;border-right:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:12.97pt;padding-right:12.97pt;text-align:center;text-indent:-0.45pt"><span><br/></span></div><div style="padding-left:12.97pt;padding-right:12.97pt;text-align:center;text-indent:-0.45pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.02em;line-height:120%">UNDERLYING FUND TYPE</span></div></td><td colspan="3" rowspan="2" style="background-color:#dedfe0;border-bottom:1pt solid #000;border-left:0.5pt solid #231f20;border-right:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:14.56pt;padding-right:14.56pt;text-align:center;text-indent:-4.7pt"><span><br/></span></div><div style="padding-left:14.56pt;padding-right:14.56pt;text-align:center;text-indent:-4.7pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">UNDERLYING</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.055em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">FUND</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.115em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">AND ADVISER/SUBADVISER</span></div></td><td colspan="3" rowspan="2" style="background-color:#dedfe0;border-bottom:1pt solid #000;border-left:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:7.6pt;padding-right:-1.31pt;text-align:center"><span><br/></span></div><div style="padding-left:0.78pt;padding-right:0.78pt;text-align:center;text-indent:1.1pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">CURRENT EXPENSES</span></div></td><td colspan="9" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-right:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:1.02pt;padding-right:1.02pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">AVERAGE</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.115em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">ANNUAL </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">TOTAL</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.05em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">RETURNS</span></div><div style="padding-left:1.02pt;padding-right:1.02pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">(as</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.05em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">of</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.05em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">December 31, 2024)</span></div></td></tr><tr style="height:37pt"><td colspan="3" style="background-color:#dedfe0;border-bottom:1pt solid #000;border-left:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.85pt;padding-right:-2.63pt"><span><br/></span></div><div style="padding-right:-2.43pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">1</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.135em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.02em;line-height:120%">YEAR</span></div></td><td colspan="3" style="background-color:#dedfe0;border-bottom:1pt solid #000;border-left:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-right:-1.31pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">5</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.135em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.02em;line-height:120%">YEARS</span></div><div style="padding-right:-1.31pt;text-align:center;text-indent:3.3pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">(or</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.015em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">since </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">inception)</span></div></td><td colspan="3" style="background-color:#dedfe0;border-bottom:1pt solid #000;border-left:0.5pt solid #231f20;border-right:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-right:-1.31pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">10</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.12em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.02em;line-height:120%">YEARS</span></div><div style="padding-right:-1.31pt;text-align:center;text-indent:3.3pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">(or</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.015em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">since </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">inception)</span></div></td></tr><tr style="height:80pt"><td colspan="3" rowspan="3" style="border-left:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.57pt;padding-right:24.22pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">US Fund Mid-Cap Blend</span></div></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.05pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Thornburg American Opportunities Fund - Class R3* </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">(Effective 3/23/2026, Thornburg Small/Mid Cap Core Fund was renamed Thornburg American Opportunities Fund) (Closed to Contracts issued on or about 5/1/2010) (This subaccount was closed to new investors effective 2/1/2026)</span></div></td><td colspan="3" rowspan="3" style="border-right:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1.31%</span></td><td colspan="3" rowspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">19.48%</span></td><td colspan="3" rowspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">6.71%</span></td><td colspan="3" rowspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">8.16%</span></td></tr><tr style="height:26pt"><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.32pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Adviser: Thornburg Investment Management Inc.</span></div></td></tr><tr style="height:14pt"><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.32pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Subadviser: N/A</span></div></td></tr><tr style="height:69pt"><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.57pt;padding-right:24.22pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">US Fund Mid-Cap Blend</span></div></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.05pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Thornburg American Opportunities Fund - Class R4* </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">(Effective 3/23/2026, Thornburg Small/Mid Cap Core Fund was renamed Thornburg American Opportunities Fund) (This subaccount was closed to new investors effective 2/1/2026)</span></div></td><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1.21%</span></td><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">19.61%</span></td><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">6.82%</span></td><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">8.27%</span></td></tr><tr style="height:26pt"><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.32pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Adviser: Thornburg Investment Management Inc.</span></div></td></tr><tr style="height:14pt"><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.32pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Subadviser: N/A</span></div></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.316%"><tr><td style="width:1.0%"></td><td style="width:17.913%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:34.894%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.946%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.769%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.365%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.513%"></td><td style="width:0.1%"></td></tr><tr style="height:41pt"><td colspan="3" rowspan="2" style="background-color:#dedfe0;border-bottom:1pt solid #000;border-left:0.5pt solid #231f20;border-right:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:12.97pt;padding-right:12.97pt;text-align:center;text-indent:-0.45pt"><span><br/></span></div><div style="padding-left:12.97pt;padding-right:12.97pt;text-align:center;text-indent:-0.45pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.02em;line-height:120%">UNDERLYING FUND TYPE</span></div></td><td colspan="3" rowspan="2" style="background-color:#dedfe0;border-bottom:1pt solid #000;border-left:0.5pt solid #231f20;border-right:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:14.56pt;padding-right:14.56pt;text-align:center;text-indent:-4.7pt"><span><br/></span></div><div style="padding-left:14.56pt;padding-right:14.56pt;text-align:center;text-indent:-4.7pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">UNDERLYING</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.055em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">FUND</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.115em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">AND ADVISER/SUBADVISER</span></div></td><td colspan="3" rowspan="2" style="background-color:#dedfe0;border-bottom:1pt solid #000;border-left:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:7.6pt;padding-right:-1.31pt;text-align:center"><span><br/></span></div><div style="padding-left:0.78pt;padding-right:0.78pt;text-align:center;text-indent:1.1pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">CURRENT EXPENSES</span></div></td><td colspan="9" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-right:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:1.02pt;padding-right:1.02pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">AVERAGE</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.115em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">ANNUAL </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">TOTAL</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.05em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">RETURNS</span></div><div style="padding-left:1.02pt;padding-right:1.02pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">(as</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.05em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">of</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.05em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">December 31, 2024)</span></div></td></tr><tr style="height:37pt"><td colspan="3" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.85pt;padding-right:-2.63pt"><span><br/></span></div><div style="padding-right:-2.43pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">1</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.135em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.02em;line-height:120%">YEAR</span></div></td><td colspan="3" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-right:-1.31pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">5</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.135em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.02em;line-height:120%">YEARS</span></div><div style="padding-right:-1.31pt;text-align:center;text-indent:3.3pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">(or</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.015em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">since </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">inception)</span></div></td><td colspan="3" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-right:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-right:-1.31pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">10</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.12em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.02em;line-height:120%">YEARS</span></div><div style="padding-right:-1.31pt;text-align:center;text-indent:3.3pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">(or</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.015em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">since </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">inception)</span></div></td></tr><tr style="height:65pt"><td colspan="3" rowspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 3.57pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">US Fund Mid-Cap Growth</span></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.05pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Thornburg Focus Growth Fund - Class R3* </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">(Effective 3/23/2026, Thornburg Small/Mid Cap Growth Fund was renamed Thornburg Focus Growth Fund) (This subaccount was closed to new investors effective 2/1/2026)</span></div></td><td colspan="3" rowspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1.46%</span></td><td colspan="3" rowspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">19.61%</span></td><td colspan="3" rowspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">4.90%</span></td><td colspan="3" rowspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">7.03%</span></td></tr><tr style="height:26pt"><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.32pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Adviser: Thornburg Investment Management Inc.</span></div></td></tr><tr style="height:14pt"><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.32pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Subadviser: N/A</span></div></td></tr><tr style="height:69pt"><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 3.57pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">US Fund Mid-Cap Growth</span></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.05pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Thornburg Focus Growth Fund - Class R4* </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">(Effective 3/23/2026, Thornburg Small/Mid Cap Growth Fund was renamed Thornburg Focus Growth Fund) (This subaccount was closed to new investors effective 2/1/2026)</span></div></td><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1.36%</span></td><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">19.70%</span></td><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">5.00%</span></td><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">7.13%</span></td></tr><tr style="height:26pt"><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.32pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Adviser: Thornburg Investment Management Inc.</span></div></td></tr><tr style="height:14pt"><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.32pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Subadviser: N/A</span></div></td></tr></table></div><div><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;letter-spacing:-0.01em;line-height:120%">* Denotes Underlying Funds and their investment advisers that have entered into temporary expense reimbursements and /or fee waivers. See the prospectus for the Underlying Fund for further information.</span></div> <div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.316%"><tr><td style="width:1.0%"></td><td style="width:17.913%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:34.894%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.946%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.769%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.365%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.513%"></td><td style="width:0.1%"></td></tr><tr style="height:41pt"><td colspan="3" rowspan="2" style="background-color:#dedfe0;border-bottom:1pt solid #000;border-left:0.5pt solid #231f20;border-right:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:12.97pt;padding-right:12.97pt;text-align:center;text-indent:-0.45pt"><span><br/></span></div><div style="padding-left:12.97pt;padding-right:12.97pt;text-align:center;text-indent:-0.45pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.02em;line-height:120%">UNDERLYING FUND TYPE</span></div></td><td colspan="3" rowspan="2" style="background-color:#dedfe0;border-bottom:1pt solid #000;border-left:0.5pt solid #231f20;border-right:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:14.56pt;padding-right:14.56pt;text-align:center;text-indent:-4.7pt"><span><br/></span></div><div style="padding-left:14.56pt;padding-right:14.56pt;text-align:center;text-indent:-4.7pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">UNDERLYING</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.055em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">FUND</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.115em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">AND ADVISER/SUBADVISER</span></div></td><td colspan="3" rowspan="2" style="background-color:#dedfe0;border-bottom:1pt solid #000;border-left:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:7.6pt;padding-right:-1.31pt;text-align:center"><span><br/></span></div><div style="padding-left:0.78pt;padding-right:0.78pt;text-align:center;text-indent:1.1pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">CURRENT EXPENSES</span></div></td><td colspan="9" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-right:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:1.02pt;padding-right:1.02pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">AVERAGE</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.115em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">ANNUAL </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">TOTAL</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.05em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">RETURNS</span></div><div style="padding-left:1.02pt;padding-right:1.02pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">(as</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.05em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">of</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.05em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">December 31, 2024)</span></div></td></tr><tr style="height:37pt"><td colspan="3" style="background-color:#dedfe0;border-bottom:1pt solid #000;border-left:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.85pt;padding-right:-2.63pt"><span><br/></span></div><div style="padding-right:-2.43pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">1</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.135em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.02em;line-height:120%">YEAR</span></div></td><td colspan="3" style="background-color:#dedfe0;border-bottom:1pt solid #000;border-left:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-right:-1.31pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">5</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.135em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.02em;line-height:120%">YEARS</span></div><div style="padding-right:-1.31pt;text-align:center;text-indent:3.3pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">(or</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.015em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">since </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">inception)</span></div></td><td colspan="3" style="background-color:#dedfe0;border-bottom:1pt solid #000;border-left:0.5pt solid #231f20;border-right:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-right:-1.31pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">10</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.12em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.02em;line-height:120%">YEARS</span></div><div style="padding-right:-1.31pt;text-align:center;text-indent:3.3pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">(or</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.015em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">since </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">inception)</span></div></td></tr><tr style="height:80pt"><td colspan="3" rowspan="3" style="border-left:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.57pt;padding-right:24.22pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">US Fund Mid-Cap Blend</span></div></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.05pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Thornburg American Opportunities Fund - Class R3* </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">(Effective 3/23/2026, Thornburg Small/Mid Cap Core Fund was renamed Thornburg American Opportunities Fund) (Closed to Contracts issued on or about 5/1/2010) (This subaccount was closed to new investors effective 2/1/2026)</span></div></td><td colspan="3" rowspan="3" style="border-right:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1.31%</span></td><td colspan="3" rowspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">19.48%</span></td><td colspan="3" rowspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">6.71%</span></td><td colspan="3" rowspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">8.16%</span></td></tr><tr style="height:26pt"><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.32pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Adviser: Thornburg Investment Management Inc.</span></div></td></tr><tr style="height:14pt"><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.32pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Subadviser: N/A</span></div></td></tr><tr style="height:69pt"><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.57pt;padding-right:24.22pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">US Fund Mid-Cap Blend</span></div></td><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.05pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Thornburg American Opportunities Fund - Class R4* </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">(Effective 3/23/2026, Thornburg Small/Mid Cap Core Fund was renamed Thornburg American Opportunities Fund) (This subaccount was closed to new investors effective 2/1/2026)</span></div></td><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1.21%</span></td><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">19.61%</span></td><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">6.82%</span></td><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">8.27%</span></td></tr><tr style="height:26pt"><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.32pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Adviser: Thornburg Investment Management Inc.</span></div></td></tr><tr style="height:14pt"><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.32pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Subadviser: N/A</span></div></td></tr></table></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.316%"><tr><td style="width:1.0%"></td><td style="width:17.913%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:34.894%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.946%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.769%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.365%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.513%"></td><td style="width:0.1%"></td></tr><tr style="height:41pt"><td colspan="3" rowspan="2" style="background-color:#dedfe0;border-bottom:1pt solid #000;border-left:0.5pt solid #231f20;border-right:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:12.97pt;padding-right:12.97pt;text-align:center;text-indent:-0.45pt"><span><br/></span></div><div style="padding-left:12.97pt;padding-right:12.97pt;text-align:center;text-indent:-0.45pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.02em;line-height:120%">UNDERLYING FUND TYPE</span></div></td><td colspan="3" rowspan="2" style="background-color:#dedfe0;border-bottom:1pt solid #000;border-left:0.5pt solid #231f20;border-right:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:14.56pt;padding-right:14.56pt;text-align:center;text-indent:-4.7pt"><span><br/></span></div><div style="padding-left:14.56pt;padding-right:14.56pt;text-align:center;text-indent:-4.7pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">UNDERLYING</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.055em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">FUND</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.115em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">AND ADVISER/SUBADVISER</span></div></td><td colspan="3" rowspan="2" style="background-color:#dedfe0;border-bottom:1pt solid #000;border-left:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:7.6pt;padding-right:-1.31pt;text-align:center"><span><br/></span></div><div style="padding-left:0.78pt;padding-right:0.78pt;text-align:center;text-indent:1.1pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">CURRENT EXPENSES</span></div></td><td colspan="9" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-right:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:1.02pt;padding-right:1.02pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">AVERAGE</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.115em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">ANNUAL </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">TOTAL</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.05em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">RETURNS</span></div><div style="padding-left:1.02pt;padding-right:1.02pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">(as</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.05em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">of</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.05em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">December 31, 2024)</span></div></td></tr><tr style="height:37pt"><td colspan="3" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.85pt;padding-right:-2.63pt"><span><br/></span></div><div style="padding-right:-2.43pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">1</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.135em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.02em;line-height:120%">YEAR</span></div></td><td colspan="3" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-right:-1.31pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">5</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.135em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.02em;line-height:120%">YEARS</span></div><div style="padding-right:-1.31pt;text-align:center;text-indent:3.3pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">(or</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.015em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">since </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">inception)</span></div></td><td colspan="3" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-right:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-right:-1.31pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">10</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.12em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.02em;line-height:120%">YEARS</span></div><div style="padding-right:-1.31pt;text-align:center;text-indent:3.3pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">(or</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.015em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">since </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">inception)</span></div></td></tr><tr style="height:65pt"><td colspan="3" rowspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 3.57pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">US Fund Mid-Cap Growth</span></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.05pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Thornburg Focus Growth Fund - Class R3* </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">(Effective 3/23/2026, Thornburg Small/Mid Cap Growth Fund was renamed Thornburg Focus Growth Fund) (This subaccount was closed to new investors effective 2/1/2026)</span></div></td><td colspan="3" rowspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1.46%</span></td><td colspan="3" rowspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">19.61%</span></td><td colspan="3" rowspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">4.90%</span></td><td colspan="3" rowspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">7.03%</span></td></tr><tr style="height:26pt"><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.32pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Adviser: Thornburg Investment Management Inc.</span></div></td></tr><tr style="height:14pt"><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.32pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Subadviser: N/A</span></div></td></tr><tr style="height:69pt"><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 3.57pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">US Fund Mid-Cap Growth</span></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.05pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Thornburg Focus Growth Fund - Class R4* </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">(Effective 3/23/2026, Thornburg Small/Mid Cap Growth Fund was renamed Thornburg Focus Growth Fund) (This subaccount was closed to new investors effective 2/1/2026)</span></div></td><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1.36%</span></td><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">19.70%</span></td><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">5.00%</span></td><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">7.13%</span></td></tr><tr style="height:26pt"><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.32pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Adviser: Thornburg Investment Management Inc.</span></div></td></tr><tr style="height:14pt"><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.32pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Subadviser: N/A</span></div></td></tr></table></div><div><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;letter-spacing:-0.01em;line-height:120%">* Denotes Underlying Funds and their investment advisers that have entered into temporary expense reimbursements and /or fee waivers. See the prospectus for the Underlying Fund for further information.</span></div> <div style="margin-top:0.4pt;padding-left:2.57pt;padding-right:24.22pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">US Fund Mid-Cap Blend</span></div> <div style="margin-top:0.05pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Thornburg American Opportunities Fund - Class R3* </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">(Effective 3/23/2026, Thornburg Small/Mid Cap Core Fund was renamed Thornburg American Opportunities Fund) (Closed to Contracts issued on or about 5/1/2010) (This subaccount was closed to new investors effective 2/1/2026)</span></div> 0.0131 0.1948 0.0671 0.0816 <div style="margin-top:0.4pt;padding-left:2.32pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Adviser: Thornburg Investment Management Inc.</span></div> <div style="margin-top:0.4pt;padding-left:2.57pt;padding-right:24.22pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">US Fund Mid-Cap Blend</span></div> <div style="margin-top:0.05pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Thornburg American Opportunities Fund - Class R4* </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">(Effective 3/23/2026, Thornburg Small/Mid Cap Core Fund was renamed Thornburg American Opportunities Fund) (This subaccount was closed to new investors effective 2/1/2026)</span></div> 0.0121 0.1961 0.0682 0.0827 <div style="margin-top:0.4pt;padding-left:2.32pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Adviser: Thornburg Investment Management Inc.</span></div> <span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">US Fund Mid-Cap Growth</span> <div style="margin-top:0.05pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Thornburg Focus Growth Fund - Class R3* </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">(Effective 3/23/2026, Thornburg Small/Mid Cap Growth Fund was renamed Thornburg Focus Growth Fund) (This subaccount was closed to new investors effective 2/1/2026)</span></div> 0.0146 0.1961 0.0490 0.0703 <div style="margin-top:0.4pt;padding-left:2.32pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Adviser: Thornburg Investment Management Inc.</span></div> <span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">US Fund Mid-Cap Growth</span> <div style="margin-top:0.05pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Thornburg Focus Growth Fund - Class R4* </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">(Effective 3/23/2026, Thornburg Small/Mid Cap Growth Fund was renamed Thornburg Focus Growth Fund) (This subaccount was closed to new investors effective 2/1/2026)</span></div> 0.0136 0.1970 0.0500 0.0713 <div style="margin-top:0.4pt;padding-left:2.32pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Adviser: Thornburg Investment Management Inc.</span></div> <div><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;letter-spacing:-0.01em;line-height:120%">* Denotes Underlying Funds and their investment advisers that have entered into temporary expense reimbursements and /or fee waivers. See the prospectus for the Underlying Fund for further information.</span></div> <div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.316%"><tr><td style="width:1.0%"></td><td style="width:17.913%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:34.894%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.946%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.769%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.365%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.513%"></td><td style="width:0.1%"></td></tr><tr style="height:41pt"><td colspan="3" rowspan="2" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-right:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:12.97pt;padding-right:12.97pt;text-align:center;text-indent:-0.45pt"><span><br/></span></div><div style="padding-left:12.97pt;padding-right:12.97pt;text-align:center;text-indent:-0.45pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.02em;line-height:120%">UNDERLYING FUND TYPE</span></div></td><td colspan="3" rowspan="2" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-right:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:14.56pt;padding-right:14.56pt;text-align:center;text-indent:-4.7pt"><span><br/></span></div><div style="padding-left:14.56pt;padding-right:14.56pt;text-align:center;text-indent:-4.7pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">UNDERLYING</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.055em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">FUND</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.115em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">AND ADVISER/SUBADVISER</span></div></td><td colspan="3" rowspan="2" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:7.6pt;padding-right:-1.31pt;text-align:center"><span><br/></span></div><div style="padding-left:0.78pt;padding-right:0.78pt;text-align:center;text-indent:1.1pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">CURRENT EXPENSES</span></div></td><td colspan="9" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-right:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:1.02pt;padding-right:1.02pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">AVERAGE</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.115em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">ANNUAL </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">TOTAL</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.05em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">RETURNS</span></div><div style="padding-left:1.02pt;padding-right:1.02pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">(as</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.05em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">of</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.05em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">December 31, 2024)</span></div></td></tr><tr style="height:37pt"><td colspan="3" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.85pt;padding-right:-2.63pt"><span><br/></span></div><div style="padding-right:-2.43pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">1</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.135em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.02em;line-height:120%">YEAR</span></div></td><td colspan="3" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-right:-1.31pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">5</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.135em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.02em;line-height:120%">YEARS</span></div><div style="padding-right:-1.31pt;text-align:center;text-indent:3.3pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">(or</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.015em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">since </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">inception)</span></div></td><td colspan="3" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-right:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-right:-1.31pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">10</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.12em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.02em;line-height:120%">YEARS</span></div><div style="padding-right:-1.31pt;text-align:center;text-indent:3.3pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">(or</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.015em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">since </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">inception)</span></div></td></tr><tr style="height:80pt"><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.57pt;padding-right:24.22pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">US Fund Mid-Cap Blend</span></div></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.05pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Thornburg American Opportunities Fund - Class R4* </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">(Effective 3/23/2026, Thornburg Small/Mid Cap Core Fund was renamed Thornburg American Opportunities Fund) (Closed to Contracts issued on or about 8/1/2013) (This subaccount was closed to new investors effective 2/1/2026)</span></div></td><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1.21%</span></td><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">19.61%</span></td><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">6.82%</span></td><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">8.27%</span></td></tr><tr style="height:26pt"><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.32pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Adviser: Thornburg Investment Management Inc.</span></div></td></tr><tr style="height:14pt"><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.32pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Subadviser: N/A</span></div></td></tr></table></div>* Denotes Underlying Funds and their investment advisers that have entered into temporary expense reimbursements and /or fee waivers. See the prospectus for the Underlying Fund for further information <div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.316%"><tr><td style="width:1.0%"></td><td style="width:17.913%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:34.894%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.946%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.769%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.365%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.513%"></td><td style="width:0.1%"></td></tr><tr style="height:41pt"><td colspan="3" rowspan="2" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-right:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:12.97pt;padding-right:12.97pt;text-align:center;text-indent:-0.45pt"><span><br/></span></div><div style="padding-left:12.97pt;padding-right:12.97pt;text-align:center;text-indent:-0.45pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.02em;line-height:120%">UNDERLYING FUND TYPE</span></div></td><td colspan="3" rowspan="2" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-right:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:14.56pt;padding-right:14.56pt;text-align:center;text-indent:-4.7pt"><span><br/></span></div><div style="padding-left:14.56pt;padding-right:14.56pt;text-align:center;text-indent:-4.7pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">UNDERLYING</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.055em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">FUND</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.115em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">AND ADVISER/SUBADVISER</span></div></td><td colspan="3" rowspan="2" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:7.6pt;padding-right:-1.31pt;text-align:center"><span><br/></span></div><div style="padding-left:0.78pt;padding-right:0.78pt;text-align:center;text-indent:1.1pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">CURRENT EXPENSES</span></div></td><td colspan="9" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-right:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:1.02pt;padding-right:1.02pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">AVERAGE</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.115em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">ANNUAL </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">TOTAL</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.05em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">RETURNS</span></div><div style="padding-left:1.02pt;padding-right:1.02pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">(as</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.05em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">of</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.05em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">December 31, 2024)</span></div></td></tr><tr style="height:37pt"><td colspan="3" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.85pt;padding-right:-2.63pt"><span><br/></span></div><div style="padding-right:-2.43pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">1</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.135em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.02em;line-height:120%">YEAR</span></div></td><td colspan="3" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-right:-1.31pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">5</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.135em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.02em;line-height:120%">YEARS</span></div><div style="padding-right:-1.31pt;text-align:center;text-indent:3.3pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">(or</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.015em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">since </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">inception)</span></div></td><td colspan="3" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-right:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-right:-1.31pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">10</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.12em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.02em;line-height:120%">YEARS</span></div><div style="padding-right:-1.31pt;text-align:center;text-indent:3.3pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">(or</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.015em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">since </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">inception)</span></div></td></tr><tr style="height:80pt"><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.57pt;padding-right:24.22pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">US Fund Mid-Cap Blend</span></div></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.05pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Thornburg American Opportunities Fund - Class R4* </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">(Effective 3/23/2026, Thornburg Small/Mid Cap Core Fund was renamed Thornburg American Opportunities Fund) (Closed to Contracts issued on or about 8/1/2013) (This subaccount was closed to new investors effective 2/1/2026)</span></div></td><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1.21%</span></td><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">19.61%</span></td><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">6.82%</span></td><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">8.27%</span></td></tr><tr style="height:26pt"><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.32pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Adviser: Thornburg Investment Management Inc.</span></div></td></tr><tr style="height:14pt"><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.32pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Subadviser: N/A</span></div></td></tr></table></div>* Denotes Underlying Funds and their investment advisers that have entered into temporary expense reimbursements and /or fee waivers. See the prospectus for the Underlying Fund for further information <div style="margin-top:0.4pt;padding-left:2.57pt;padding-right:24.22pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">US Fund Mid-Cap Blend</span></div> <div style="margin-top:0.05pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Thornburg American Opportunities Fund - Class R4* </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">(Effective 3/23/2026, Thornburg Small/Mid Cap Core Fund was renamed Thornburg American Opportunities Fund) (Closed to Contracts issued on or about 8/1/2013) (This subaccount was closed to new investors effective 2/1/2026)</span></div> 0.0121 0.1961 0.0682 0.0827 <div style="margin-top:0.4pt;padding-left:2.32pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Adviser: Thornburg Investment Management Inc.</span></div> <div><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;letter-spacing:-0.01em;line-height:120%">* Denotes Underlying Funds and their investment advisers that have entered into temporary expense reimbursements and /or fee waivers. See the prospectus for the Underlying Fund for further information.</span></div> <div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.316%"><tr><td style="width:1.0%"></td><td style="width:17.913%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:34.894%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.946%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.769%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.365%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.513%"></td><td style="width:0.1%"></td></tr><tr style="height:41pt"><td colspan="3" rowspan="2" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-right:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:12.97pt;padding-right:12.97pt;text-align:center;text-indent:-0.45pt"><span><br/></span></div><div style="padding-left:12.97pt;padding-right:12.97pt;text-align:center;text-indent:-0.45pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.02em;line-height:120%">UNDERLYING FUND TYPE</span></div></td><td colspan="3" rowspan="2" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-right:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:14.56pt;padding-right:14.56pt;text-align:center;text-indent:-4.7pt"><span><br/></span></div><div style="padding-left:14.56pt;padding-right:14.56pt;text-align:center;text-indent:-4.7pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">UNDERLYING</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.055em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">FUND</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.115em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">AND ADVISER/SUBADVISER</span></div></td><td colspan="3" rowspan="2" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:7.6pt;padding-right:-1.31pt;text-align:center"><span><br/></span></div><div style="padding-left:0.78pt;padding-right:0.78pt;text-align:center;text-indent:1.1pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">CURRENT EXPENSES</span></div></td><td colspan="9" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-right:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:1.02pt;padding-right:1.02pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">AVERAGE</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.115em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">ANNUAL </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">TOTAL</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.05em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">RETURNS</span></div><div style="padding-left:1.02pt;padding-right:1.02pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">(as</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.05em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">of</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.05em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">December 31, 2024)</span></div></td></tr><tr style="height:37pt"><td colspan="3" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.85pt;padding-right:-2.63pt"><span><br/></span></div><div style="padding-right:-2.43pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">1</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.135em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.02em;line-height:120%">YEAR</span></div></td><td colspan="3" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-right:-1.31pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">5</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.135em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.02em;line-height:120%">YEARS</span></div><div style="padding-right:-1.31pt;text-align:center;text-indent:3.3pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">(or</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.015em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">since </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">inception)</span></div></td><td colspan="3" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-right:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-right:-1.31pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">10</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.12em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.02em;line-height:120%">YEARS</span></div><div style="padding-right:-1.31pt;text-align:center;text-indent:3.3pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">(or</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.015em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">since </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">inception)</span></div></td></tr><tr style="height:80pt"><td colspan="3" rowspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.57pt;padding-right:24.22pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">US Fund Mid-Cap Blend</span></div></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.05pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Thornburg American Opportunities Fund - Class R4* </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">(Effective 3/23/2026, Thornburg Small/Mid Cap Core Fund was renamed Thornburg American Opportunities Fund) (Closed to Contracts issued on or about 8/1/2013) (This subaccount was closed to new investors effective 2/1/2026)</span></div></td><td colspan="3" rowspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1.21%</span></td><td colspan="3" rowspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">19.61%</span></td><td colspan="3" rowspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">6.82%</span></td><td colspan="3" rowspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">8.27%</span></td></tr><tr style="height:26pt"><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.32pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Adviser: Thornburg Investment Management Inc.</span></div></td></tr><tr style="height:14pt"><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.32pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Subadviser: N/A</span></div></td></tr><tr style="height:80pt"><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 3.57pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">US Fund Mid-Cap Growth</span></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.05pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Thornburg Focus Growth Fund - Class R4* </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">(Effective 3/23/2026, Thornburg Small/Mid Cap Growth Fund was renamed Thornburg Focus Growth Fund) (Closed to Contracts issued on or about 8/1/2011) (This subaccount was closed to new investors effective 2/1/2026)</span></div></td><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1.36%</span></td><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">19.70%</span></td><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">5.00%</span></td><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">7.13%</span></td></tr><tr style="height:26pt"><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.32pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Adviser: Thornburg Investment Management Inc.</span></div></td></tr><tr style="height:14pt"><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.32pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Subadviser: N/A</span></div></td></tr></table></div><div><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;letter-spacing:-0.01em;line-height:120%">* Denotes Underlying Funds and their investment advisers that have entered into temporary expense reimbursements and /or fee waivers. See the prospectus for the Underlying Fund for further information.</span></div> <div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.316%"><tr><td style="width:1.0%"></td><td style="width:17.913%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:34.894%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.946%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.769%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.365%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.513%"></td><td style="width:0.1%"></td></tr><tr style="height:41pt"><td colspan="3" rowspan="2" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-right:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:12.97pt;padding-right:12.97pt;text-align:center;text-indent:-0.45pt"><span><br/></span></div><div style="padding-left:12.97pt;padding-right:12.97pt;text-align:center;text-indent:-0.45pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.02em;line-height:120%">UNDERLYING FUND TYPE</span></div></td><td colspan="3" rowspan="2" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-right:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:14.56pt;padding-right:14.56pt;text-align:center;text-indent:-4.7pt"><span><br/></span></div><div style="padding-left:14.56pt;padding-right:14.56pt;text-align:center;text-indent:-4.7pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">UNDERLYING</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.055em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">FUND</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.115em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">AND ADVISER/SUBADVISER</span></div></td><td colspan="3" rowspan="2" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:7.6pt;padding-right:-1.31pt;text-align:center"><span><br/></span></div><div style="padding-left:0.78pt;padding-right:0.78pt;text-align:center;text-indent:1.1pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">CURRENT EXPENSES</span></div></td><td colspan="9" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-right:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:1.02pt;padding-right:1.02pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">AVERAGE</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.115em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">ANNUAL </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">TOTAL</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.05em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">RETURNS</span></div><div style="padding-left:1.02pt;padding-right:1.02pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">(as</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.05em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">of</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.05em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">December 31, 2024)</span></div></td></tr><tr style="height:37pt"><td colspan="3" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.85pt;padding-right:-2.63pt"><span><br/></span></div><div style="padding-right:-2.43pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">1</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.135em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.02em;line-height:120%">YEAR</span></div></td><td colspan="3" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-right:-1.31pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">5</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.135em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.02em;line-height:120%">YEARS</span></div><div style="padding-right:-1.31pt;text-align:center;text-indent:3.3pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">(or</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.015em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">since </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">inception)</span></div></td><td colspan="3" style="background-color:#dedfe0;border-left:0.5pt solid #231f20;border-right:0.5pt solid #231f20;border-top:0.5pt solid #231f20;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-right:-1.31pt;text-align:center"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:120%">10</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.12em;line-height:120%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.02em;line-height:120%">YEARS</span></div><div style="padding-right:-1.31pt;text-align:center;text-indent:3.3pt"><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">(or</span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.015em;line-height:139%"> </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:139%">since </span><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;letter-spacing:-0.01em;line-height:139%">inception)</span></div></td></tr><tr style="height:80pt"><td colspan="3" rowspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.57pt;padding-right:24.22pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">US Fund Mid-Cap Blend</span></div></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.05pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Thornburg American Opportunities Fund - Class R4* </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">(Effective 3/23/2026, Thornburg Small/Mid Cap Core Fund was renamed Thornburg American Opportunities Fund) (Closed to Contracts issued on or about 8/1/2013) (This subaccount was closed to new investors effective 2/1/2026)</span></div></td><td colspan="3" rowspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1.21%</span></td><td colspan="3" rowspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">19.61%</span></td><td colspan="3" rowspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">6.82%</span></td><td colspan="3" rowspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">8.27%</span></td></tr><tr style="height:26pt"><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.32pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Adviser: Thornburg Investment Management Inc.</span></div></td></tr><tr style="height:14pt"><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.32pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Subadviser: N/A</span></div></td></tr><tr style="height:80pt"><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 3.57pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">US Fund Mid-Cap Growth</span></td><td colspan="3" style="border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.05pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Thornburg Focus Growth Fund - Class R4* </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">(Effective 3/23/2026, Thornburg Small/Mid Cap Growth Fund was renamed Thornburg Focus Growth Fund) (Closed to Contracts issued on or about 8/1/2011) (This subaccount was closed to new investors effective 2/1/2026)</span></div></td><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">1.36%</span></td><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">19.70%</span></td><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">5.00%</span></td><td colspan="3" rowspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">7.13%</span></td></tr><tr style="height:26pt"><td colspan="3" style="border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.32pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Adviser: Thornburg Investment Management Inc.</span></div></td></tr><tr style="height:14pt"><td colspan="3" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:0.4pt;padding-left:2.32pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Subadviser: N/A</span></div></td></tr></table></div><div><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;letter-spacing:-0.01em;line-height:120%">* Denotes Underlying Funds and their investment advisers that have entered into temporary expense reimbursements and /or fee waivers. See the prospectus for the Underlying Fund for further information.</span></div> <div style="margin-top:0.4pt;padding-left:2.57pt;padding-right:24.22pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">US Fund Mid-Cap Blend</span></div> <div style="margin-top:0.05pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Thornburg American Opportunities Fund - Class R4* </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">(Effective 3/23/2026, Thornburg Small/Mid Cap Core Fund was renamed Thornburg American Opportunities Fund) (Closed to Contracts issued on or about 8/1/2013) (This subaccount was closed to new investors effective 2/1/2026)</span></div> 0.0121 0.1961 0.0682 0.0827 <div style="margin-top:0.4pt;padding-left:2.32pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Adviser: Thornburg Investment Management Inc.</span></div> <span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">US Fund Mid-Cap Growth</span> <div style="margin-top:0.05pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:100%">Thornburg Focus Growth Fund - Class R4* </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-style:italic;font-weight:400;line-height:100%">(Effective 3/23/2026, Thornburg Small/Mid Cap Growth Fund was renamed Thornburg Focus Growth Fund) (Closed to Contracts issued on or about 8/1/2011) (This subaccount was closed to new investors effective 2/1/2026)</span></div> 0.0136 0.1970 0.0500 0.0713 <div style="margin-top:0.4pt;padding-left:2.32pt;padding-right:-2.63pt"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Adviser: Thornburg Investment Management Inc.</span></div> <div><span style="color:#231f20;font-family:'Times New Roman',serif;font-size:9pt;font-weight:400;letter-spacing:-0.01em;line-height:120%">* Denotes Underlying Funds and their investment advisers that have entered into temporary expense reimbursements and /or fee waivers. See the prospectus for the Underlying Fund for further information.</span></div>