International Growth Fund

Fund Overview

Advisor

Mason Street Advisors, LLC

Subadvisor

FIAM LLC, a Fidelity Investments Company

Objective/Focus:

The Portfolio primarily invests in common stocks of companies with growth potential which are domiciled or trade primarily on exchanges outside the United States, including emerging markets. Normally, the Portfolio will invest in a core group of 60–100 equity securities. These companies may be of any size. The objective is long-term growth of capital.

Asset Class:

International Stocks

Style:

Growth

Overseas investments can pose more risks than domestic investments. Unit values are subject to fluctuations in foreign stock markets, currency values, interest rates, government regulations and political conditions. The Portfolio may hold fewer securities than other diversified portfolios because of its focused investment strategy. Holding fewer securities increases the risk that the value of the Portfolio could go down because of poor performance of a single investment.

Top 10 Portfolio Holdings % of Net Assets

Total % of Net Assets

40.50%