About the Indices
The Dow Jones Industrial Average (DJIA) is a price-weighted average of 30 actively traded “blue chip” stocks, primarily industrials, but also including financials and other service-oriented companies. The MSCI All Country World (ACWI) ex-U.S. Index is a free fl oat-adjusted market capitalization-weighted index designed to measure the equity market performance of 44 global developed and emerging markets, excluding the U.S. The Russell 1000 Index measures the performance of the large-cap segment of the U.S. equity universe. It is a subset of the Russell 3000 Index and includes approximately 1000 of the largest securities in that index. The Russell 3000 Index measures the performance of the largest 3000 U.S. companies, representing approximately 98% of the investable U.S. equity market. The Russell 3000 Value Index measures the performance of the value segment of the U.S. equity universe. It includes those Russell 3000 Index companies with lower price-to-book ratios and lower forecasted growth values. The S&P 500 Index is an unmanaged, broad-based, market-cap weighted index of 500 U.S. stocks.

About the Funds
Investments in stocks are subject to risk, including the possible loss of principal. Focused funds are less diversified than typical mutual funds; therefore the performance of each holding in a focused fund has a greater impact upon the overall portfolio, which increases risk.  The Funds employ a Disciplined Strategy and will not deviate from this strategy (except to the extent necessary to comply with federal tax laws or other applicable laws). If the Funds are committed to a strategy that is unsuccessful, the Funds will not meet their investment goals. Because the Funds will not use certain techniques available to other mutual funds to reduce stock market exposure, they may be more susceptible to general market declines than other mutual funds.

AIG ESG Dividend Fund: ESG screening limits the availability of investment opportunities for the Fund. If the Fund changes its ESG standards or a company stops meeting the Fund’s ESG standards, the Fund may sell the affected investments even if this means the Fund loses money.

Focused Dividend Strategy Fund and Strategic Value Fund: Stocks of small-cap and mid-cap companies are generally more volatile than and not as readily marketable as those of larger companies, and may have less resources and a greater risk of business failure than do large companies.

International Dividend Strategy Fund: Effective July 2, 2012, the name of the SunAmerica International Equity Fund was changed to the SunAmerica International Dividend Strategy Fund and certain changes were made to the Fund’s investment strategy and techniques. Prior to this date, the Fund was managed as an international equity fund employing a different strategy. Stocks of international companies are subject to additional risks including currency fluctuations, economic and political instability, greater market volatility, and limited liquidity. These risks can be greater in the case of emerging country securities. The Fund may invest in medium-capitalization and small-capitalization companies, which involve additional risks such as limited liquidity and greater volatility. Preferred stocks are subject to interest rate fluctuations as well as credit risk, which is the possibility that an issuer of preferred stock will fail to make its dividend payments. The market may fail to recognize the intrinsic value of particular dividend-paying stocks the Fund may hold.

Neither AIG, its affiliates, nor their licensed sales professionals provide tax advice. Please consult with your tax professional for advice concerning your particular situation.

When comparing the Funds to short-term fixed income investments, you should realize that the Funds provide income through dividend-yielding stocks. Investments in these stocks involve risk, including the possible loss of principal. Dividend income may vary depending on market performance, and may be taxed as either ordinary income or capital gains. In contrast, short-term fixed income investments such as CDs and U.S. Treasuries provide interest income. CDs offer a return of principal and a fixed rate of return if held to maturity. Further, CDs are Federal Deposit Insurance Corporation (FDIC) insured. CD income is taxed as ordinary income. U.S. Treasuries are backed by the U.S. government, and if held to maturity, offer a fixed rate of return and guaranteed principal value. Income from U.S. Treasuries is exempt from state and local income tax, but subject to federal income tax. Please discuss the benefits and risks of investing in these products with your financial advisor.