NATIONWIDE

VLI SEPARATE

ACCOUNT-4

Annual Report

to

Contract Owners

December 31, 2016

NATIONWIDE LIFE INSURANCE COMPANY

HOME OFFICE: COLUMBUS, OHIO

Report of Independent Registered Public Accounting Firm

The Board of Directors of Nationwide Life Insurance Company and subsidiaries and

Contract Owners of Nationwide VLI Separate Account-4:

We have audited the accompanying statement of assets, liabilities and contract owners’ equity of Nationwide VLI Separate Account-4 (comprised of the sub-accounts listed in note 1(b), (collectively, “the Accounts”)), as of December 31, 2016, and the related statements of operations for the period then ended, the statements of changes in contract owners’ equity for each of the periods in the two-year period then ended, and the financial highlights for each of the periods in the five-year period then ended. These financial statements and financial highlights are the responsibility of the Accounts’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of December 31, 2016, by correspondence with the transfer agents of the underlying mutual funds or by other appropriate auditing procedures. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of the Accounts as of December 31, 2016, the results of their operations for the period then ended, the changes in contract owners’ equity for each of the periods in the two-year period then ended, and the financial highlights for each of the periods in the five-year period then ended, in conformity with U.S. generally accepted accounting principles.

/s/    KPMG LLP

Columbus, Ohio

March 21, 2017

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENT OF ASSETS, LIABILITIES AND CONTRACT OWNERS’ EQUITY

December 31, 2016

Assets:
Investments at fair value:
VPS Dynamic Asset Allocation Portfolio - Class A (ALVDAA)
2,522 shares (cost $29,610)	$	29,325
VP Inflation Protection Fund - Class I (ACVIP1)
1,865,508 shares (cost $19,328,377)		18,897,600
Asset Allocation Fund - Class 2 (AMVAA2)
378,930 shares (cost $8,093,590)		8,143,198
Bond Fund - Class 2 (AMVBD2)
6,727,549 shares (cost $74,512,284)		71,782,949
Global Small Capitalization Fund - Class 2 (AMVGS2)
65,648 shares (cost $1,553,163)		1,294,582
Growth Fund - Class 2 (AMVGR2)
263,814 shares (cost $18,515,784)		17,654,437
International Fund - Class 2 (AMVI2)
366,460 shares (cost $6,853,769)		6,141,863
New World Fund - Class 2 (AMVNW2)
19,558 shares (cost $379,050)		382,160
Variable Series Funds, Inc. - BlackRock High Yield V.I. Fund - Class I (BRVHYI)
679,774 shares (cost $4,763,176)		4,921,562
Large Cap Core V.I. Fund - Class II (MLVLC2)
52,083 shares (cost $1,645,855)		1,663,540
Global Allocation V.I. Fund - Class II (MLVGA2)
587,293 shares (cost $9,639,913)		9,079,555
VP S&P 500 Index Portfolio (CVSPIP)
5,792 shares (cost $672,233)		709,206
Value Portfolio (DAVVL)
398,182 shares (cost $4,142,137)		3,623,456
VIP Emerging Markets Series: Service Class (DWVEMS)
172,762 shares (cost $3,063,235)		3,088,983
VIP Small Cap Value Series: Service Class (DWVSVS)
469,688 shares (cost $17,366,691)		18,632,517
VA Inflation-Protected Securities Portfolio (DFVIPS)
516,815 shares (cost $5,291,356)		5,121,641
VA International Small Portfolio (DFVIS)
77,018 shares (cost $912,636)		877,237
VA U.S. Targeted Value Portfolio (DFVUTV)
144,331 shares (cost $2,656,829)		2,789,926
Stock Index Fund, Inc. - Initial Shares (DSIF)
10,432,529 shares (cost $386,194,929)		478,435,765
Socially Responsible Growth Fund Inc - Initial Shares (DSRG)
297,991 shares (cost $9,540,457)		11,281,923
Global Income Builder VIP - Class A (DSGIBA)
1,041 shares (cost $24,206)		24,456
Floating-Rate Income Fund (ETVFR)
7,746,889 shares (cost $71,412,256)		71,736,192
Franklin Income Securities Fund - Class 2 (FTVIS2)
437,768 shares (cost $6,852,226)		6,732,871
Rising Dividends Securities Fund - Class 1 (FTVRDI)
652,058 shares (cost $16,354,368)		16,633,997
Small Cap Value Securities Fund - Class 1 (FTVSVI)
545,631 shares (cost $9,570,190)		10,874,429
Small Cap Value Securities Fund - Class 2 (FTVSV2)
566,934 shares (cost $10,658,451)		10,975,852
Mutual Global Discovery Securities Fund - Class 2 (FTVMD2)
109,743 shares (cost $2,356,614)		2,163,031

Templeton Developing Markets Securities Fund - Class 2 (FTVDM2)
327,867 shares (cost $2,902,090)	2,413,102
Templeton Foreign Securities Fund - Class 1 (TIF)
71,339 shares (cost $1,065,796)	990,903
Templeton Foreign Securities Fund - Class 2 (TIF2)
1,794,611 shares (cost $28,252,106)	24,424,653
Templeton Global Bond Securities Fund - Class 2 (FTVGI2)
480,025 shares (cost $8,564,899)	7,800,407
VIP Founding Funds Allocation Fund - Class 2 (FTVFA2)
91,667 shares (cost $665,962)	649,005
VIP Trust - Templeton Global Bond VIP Fund: Class 1 (FTVGB1)
866,334 shares (cost $14,673,110)	14,597,720
Van Kampen V.I. Mid Cap Growth Fund - Series I Shares (IVKMG1)
691,882 shares (cost $3,810,728)	3,383,304
Balanced-Risk Allocation Fund: Series I Shares (IVBRA1)
131,083 shares (cost $1,493,140)	1,486,484
Mid Cap Value Portfolio: Class 1 (JPMMV1)
3,075,441 shares (cost $32,158,470)	33,768,341
Small Cap Core Portfolio 1 (JPSCE1)
4,673 shares (cost $93,250)	105,104
Balanced Portfolio: Service Shares (JABS)
882,157 shares (cost $27,738,901)	28,132,001
Enterprise Portfolio: Service Shares (JAMGS)
87,632 shares (cost $4,866,892)	4,926,647
Flexible Bond Portfolio: Service Shares (JAFBS)
1,095,339 shares (cost $14,170,107)	13,834,131
Forty Portfolio: Service Shares (JACAS)
1,334,736 shares (cost $47,906,724)	41,096,537
Global Technology Portfolio: Service Shares (JAGTS)
1,765,830 shares (cost $13,356,675)	14,991,896
Overseas Portfolio: Service Shares (JAIGS)
814,051 shares (cost $26,985,266)	19,431,401
Perkins Mid Cap Value Portfolio: Service Shares (JAMVS)
88,917 shares (cost $1,381,240)	1,431,563
Retirement Emerging Markets Equity Portfolio - Service Shares (LZREMS)
1,651,880 shares (cost $31,552,431)	31,005,781
Lord Abbett Series Fund Inc. - Bond Debenture Portfolio: Class VC (LOVBD)
210,923 shares (cost $2,302,446)	2,518,417
Lord Abbett Series Fund Inc. - Mid Cap Stock Portfolio: Class VC (LOVMCV)
4,636 shares (cost $120,463)	118,299
Series Fund, Inc. - Total Return Portfolio - Class VC (LOVTRC)
697,385 shares (cost $11,741,263)	11,458,036
Lord Abbett Series Fund Inc. - Short Duration Income Portfolio: Class VC (LOVSDC)
822,288 shares (cost $12,275,537)	11,980,740
VIT II - MFS Blended Research Core Equity Portfolio - Service Class (MVBRES)
14,569 shares (cost $688,067)	673,976
Var Insurance Trust II - MFS Investors Growth Stock Portfolio: Initial Class (MV2IGI)
184,515 shares (cost $3,196,333)	2,837,847
Var Insurance Trust II - MFS Research International Portfolio: Service Class (MV2RIS)
194,277 shares (cost $2,952,754)	2,599,431
Variable Insurance Trust - MFS New Discovery Series - Intital Class (MNDIC)
20,915 shares (cost $343,084)	338,410
New Discovery Series - Service Class (MNDSC)
5,272 shares (cost $77,657)	79,140
Value Series - Initial Class (MVFIC)
634,482 shares (cost $10,753,058)	11,991,705
Value Series - Service Class (MVFSC)
3,492,204 shares (cost $63,887,726)	64,920,077

Variable Insurance Trust II - MFS International Value Portfolio - Service Class (MVIVSC)
3,707,369 shares (cost $76,838,527)	82,414,814
Core Plus Fixed Income Portfolio - Class I (MSVFI)
187,688 shares (cost $1,986,782)	2,002,634
Emerging Markets Debt Portfolio - Class I (MSEM)
2,784,828 shares (cost $23,512,002)	21,693,813
Global Real Estate Portfolio - Class II (VKVGR2)
470,074 shares (cost $4,851,738)	4,869,972
Universal Institutional Funds, Inc. - Mid Cap Growth Portfolio - Class I (MSVMG)
637,233 shares (cost $6,761,274)	5,556,668
Universal Institutional Funds, Inc. - Growth Portfolio - Class I (MSVEG)
64,971 shares (cost $1,815,454)	1,601,529
U.S. Real Estate Portfolio - Class I (MSVRE)
853,852 shares (cost $16,269,390)	18,263,898
NVIT Investor Destinations Managed Growth and Income Class I (IDPGI)
77 shares (cost $826)	804
NVIT Cardinal Managed Growth and Income Class I (NCPGI)
79 shares (cost $825)	804
NVIT Cardinal Managed Growth Class I (NCPG)
4,754 shares (cost $48,767)	48,253
NVIT Bond Index Fund Class I (NVBX)
9,547,955 shares (cost $102,733,537)	98,725,850
NVIT International Index Fund Class I (NVIX)
3,005,244 shares (cost $26,400,716)	25,664,786
American Century NVIT Multi Cap Value Fund - Class I (NVAMV1)
2,515,961 shares (cost $38,430,580)	41,186,276
American Funds NVIT Asset Allocation Fund - Class II (GVAAA2)
391,172 shares (cost $8,649,271)	9,262,941
American Funds NVIT Bond Fund - Class II (GVABD2)
121,416 shares (cost $1,414,627)	1,373,214
American Funds NVIT Global Growth Fund - Class II (GVAGG2)
276,664 shares (cost $7,565,160)	7,303,931
American Funds NVIT Growth Fund - Class II (GVAGR2)
131,233 shares (cost $8,556,273)	9,767,644
American Funds NVIT Growth-Income Fund - Class II (GVAGI2)
63,437 shares (cost $2,901,880)	3,277,773
Federated NVIT High Income Bond Fund - Class I (HIBF)
3,393,874 shares (cost $22,851,305)	22,161,996
NVIT Emerging Markets Fund - Class I (GEM)
1,249,591 shares (cost $13,720,939)	12,233,497
NVIT International Equity Fund - Class I (GIG)
1,763,416 shares (cost $18,305,930)	16,611,376
Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class II (NVIE6)
20,082 shares (cost $169,746)	187,768
Neuberger Berman NVIT Multi Cap Opportunities Fund - Class I (NVNMO1)
1,630,815 shares (cost $14,521,706)	15,835,213
Neuberger Berman NVIT Socially Responsible Fund - Class I (NVNSR1)
19,337 shares (cost $282,925)	254,286
NVIT Cardinal Aggressive Fund - Class I (NVCRA1)
420,976 shares (cost $4,160,918)	3,902,444
NVIT Cardinal Balanced Fund - Class I (NVCRB1)
16,615,722 shares (cost $173,500,844)	179,948,267
NVIT Cardinal Capital Appreciation Fund - Class I (NVCCA1)
606,111 shares (cost $6,854,376)	6,261,125
NVIT Cardinal Conservative Fund - Class I (NVCCN1)
399,257 shares (cost $4,183,131)	3,980,593
NVIT Cardinal Moderate Fund - Class I (NVCMD1)
658,054 shares (cost $7,510,581)	6,922,724

NVIT Cardinal Moderately Aggressive Fund - Class I (NVCMA1)
745,012 shares (cost $7,768,726)	6,816,856
NVIT Cardinal Moderately Conservative Fund - Class I (NVCMC1)
414,301 shares (cost $4,661,722)	4,358,446
NVIT Core Bond Fund - Class I (NVCBD1)
154,825 shares (cost $1,707,980)	1,650,434
NVIT Core Plus Bond Fund - Class I (NVLCP1)
199,895 shares (cost $2,294,388)	2,222,834
NVIT Nationwide Fund - Class I (TRF)
8,222,868 shares (cost $89,194,176)	131,648,112
NVIT Government Bond Fund - Class I (GBF)
4,956,368 shares (cost $55,867,308)	53,132,260
NVIT International Index Fund - Class II (GVIX2)
270,355 shares (cost $2,565,771)	2,308,830
NVIT Investor Destinations Aggressive Fund - Class II (GVIDA)
1,851,454 shares (cost $20,281,185)	23,254,258
NVIT Investor Destinations Balanced Fund - Class II (NVDBL2)
105,216 shares (cost $1,584,907)	1,590,863
NVIT Investor Destinations Capital Appreciation Fund - Class II (NVDCA2)
44,466 shares (cost $785,307)	758,592
NVIT Investor Destinations Conservative Fund - Class II (GVIDC)
1,390,968 shares (cost $14,367,965)	13,812,309
NVIT Investor Destinations Moderate Fund - Class II (GVIDM)
5,044,848 shares (cost $55,479,998)	62,909,259
NVIT Investor Destinations Moderately Aggressive Fund - Class II (GVDMA)
6,596,756 shares (cost $73,386,701)	86,549,441
NVIT Investor Destinations Moderately Conservative Fund - Class II (GVDMC)
1,526,157 shares (cost $16,898,901)	16,894,558
NVIT Mid Cap Index Fund - Class I (MCIF)
4,439,493 shares (cost $97,065,820)	107,613,309
NVIT Money Market Fund - Class I (SAM)
46,054,585 shares (cost $46,054,585)	46,054,585
NVIT Money Market Fund - Class V (SAM5)
149,888,754 shares (cost $149,888,754)	149,888,754
NVIT Multi-Manager International Growth Fund - Class I (NVMIG1)
1,455,290 shares (cost $17,089,719)	14,087,211
NVIT Multi-Manager International Value Fund - Class I (GVDIVI)
485,907 shares (cost $5,310,028)	4,684,143
NVIT Multi-Manager Large Cap Growth Fund - Class I (NVMLG1)
1,085,630 shares (cost $12,205,099)	11,876,795
NVIT Multi-Manager Large Cap Value Fund - Class I (NVMLV1)
1,807,143 shares (cost $18,730,828)	18,396,719
NVIT Multi-Manager Mid Cap Growth Fund - Class I (NVMMG1)
4,329,375 shares (cost $45,181,551)	43,899,865
NVIT Multi-Manager Mid Cap Value Fund - Class I (NVMMV1)
123,135 shares (cost $1,334,417)	1,306,467
NVIT Multi-Manager Mid Cap Value Fund - Class II (NVMMV2)
1,338,290 shares (cost $14,483,729)	14,252,785
NVIT Multi-Manager Small Cap Growth Fund - Class I (SCGF)
1,162,778 shares (cost $20,775,224)	18,116,080
NVIT Multi-Manager Small Cap Value Fund - Class I (SCVF)
2,940,662 shares (cost $35,075,401)	43,757,056
NVIT Multi-Manager Small Company Fund - Class I (SCF)
2,159,709 shares (cost $43,301,945)	46,368,946
NVIT Multi-Sector Bond Fund - Class I (MSBF)
1,304,558 shares (cost $11,961,342)	11,910,611
NVIT Short Term Bond Fund - Class I (NVSTB1)
3,134,141 shares (cost $32,725,969)	32,218,966

NVIT Short Term Bond Fund - Class II (NVSTB2)
118,388 shares (cost $1,233,784)	1,212,295
NVIT Large Cap Growth Fund - Class I (NVOLG1)
8,485,076 shares (cost $143,376,732)	134,997,557
Templeton NVIT International Value Fund - Class III (NVTIV3)
53,597 shares (cost $650,266)	569,195
Invesco NVIT Comstock Value Fund - Class I (EIF)
650,132 shares (cost $7,651,829)	11,422,819
NVIT Real Estate Fund - Class I (NVRE1)
5,084,024 shares (cost $40,035,951)	32,029,352
Loring Ward NVIT Capital Appreciation Fund - Class P (NVLCAP)
3,641 shares (cost $37,318)	40,963
Loring Ward NVIT Moderate Fund - Class P (NVLMP)
662 shares (cost $7,308)	7,620
NVIT Small Cap Index Fund Class II (NVSIX2)
73,832 shares (cost $917,327)	919,214
NVIT S&P 500 Index Fund Class I (GVEX1)
335,948 shares (cost $4,876,346)	5,056,024
Short Duration Bond Portfolio - I Class Shares (AMTB)
375,814 shares (cost $4,035,502)	3,953,562
Guardian Portfolio - I Class Shares (AMGP)
46,155 shares (cost $817,376)	676,627
Mid-Cap Growth Portfolio - I Class Shares (AMCG)
83,031 shares (cost $1,928,961)	1,877,338
Mid-Cap Growth Portfolio - S Class Shares (AMMCGS)
48,526 shares (cost $1,071,520)	1,024,866
Advisers Management Trust: Large Cap Value Portfolio - Class I (AMTP)
20,603 shares (cost $301,817)	313,985
Advisers Management Trust: Mid Cap Intrinsic Value Portfolio - Class I (AMRI)
331,278 shares (cost $4,770,451)	5,601,903
Socially Responsive Portfolio - I Class Shares (AMSRS)
90,699 shares (cost $1,551,700)	2,047,077
TOPS Managed Risk Balanced ETF Portfolio - Class 3 (NOTB3)
3,340 shares (cost $39,453)	37,575
TOPS Managed Risk Growth ETF Portfolio - Class 3 (NOTG3)
2,867 shares (cost $30,188)	31,077
TOPS Managed Risk Moderate Growth ETF Portfolio - Class 3 (NOTMG3)
3,862 shares (cost $42,283)	43,529
VPS Growth and Income Portfolio - Class A (ALVGIA)
791,167 shares (cost $23,017,102)	24,692,309
VPS International Value Portfolio - Class A (ALVIVA)
680,140 shares (cost $9,453,734)	9,032,262
VPS Small/Mid Cap Value Portfolio - Class A (ALVSVA)
1,042,151 shares (cost $21,125,398)	21,145,237
VP Capital Appreciation Fund - Class I (ACVCA)
45,989 shares (cost $649,930)	642,933
VP Income & Growth Fund - Class I (ACVIG)
2,051,104 shares (cost $14,606,266)	19,116,291
VP Inflation Protection Fund - Class II (ACVIP2)
921,938 shares (cost $10,065,920)	9,320,790
VP International Fund - Class I (ACVI)
380,959 shares (cost $3,716,384)	3,569,588
VP Mid Cap Value Fund - Class I (ACVMV1)
891,924 shares (cost $16,884,071)	18,828,508
VP Ultra(R) Fund - Class I (ACVU1)
37,269 shares (cost $575,035)	575,812
VP Value Fund - Class I (ACVV)
2,447,577 shares (cost $22,758,819)	25,650,604

MidCap Stock Portfolio - Initial Shares (DVMCS)
128,580 shares (cost $2,577,347)	2,583,182
Small Cap Stock Index Portfolio - Service Shares (DVSCS)
5,637,340 shares (cost $93,680,048)	106,432,980
Appreciation Portfolio - Initial Shares (DCAP)
462,446 shares (cost $19,872,356)	18,964,911
Opportunistic Small Cap Portfolio: Initial Shares (DSC)
21,240 shares (cost $918,229)	1,050,109
International Value Portfolio - Initial Shares (DVIV)
335,588 shares (cost $3,689,265)	3,255,199
Variable Series II - DWS Small Mid Cap Value VIP - Class B (SVSSVB)
13,198 shares (cost $204,113)	219,474
Variable Series II - DWS Large Cap Value VIP - Class B (SVSLVB)
5,739 shares (cost $86,373)	79,085
Managed Tail Risk Fund II: Primary Shares (FVCA2P)
140,835 shares (cost $819,339)	677,415
Quality Bond Fund II - Primary Shares (FQB)
2,230,268 shares (cost $25,231,484)	24,488,343
VIP Contrafund(R) Portfolio - Service Class (FCS)
905,263 shares (cost $30,223,075)	29,909,875
VIP Energy Portfolio - Service Class 2 (FNRS2)
395,730 shares (cost $8,134,686)	8,159,943
VIP Equity-Income Portfolio - Service Class (FEIS)
2,757,810 shares (cost $57,133,011)	60,285,731
VIP Freedom Fund 2010 Portfolio - Service Class (FF10S)
187,736 shares (cost $2,204,194)	2,307,281
VIP Freedom Fund 2020 Portfolio - Service Class (FF20S)
2,636,228 shares (cost $32,704,463)	33,031,931
VIP Freedom Fund 2030 Portfolio - Service Class (FF30S)
1,247,471 shares (cost $15,707,758)	15,880,306
VIP Freedom Income Fund Portfolio - Service Class (FFINS)
88,007 shares (cost $964,600)	965,437
VIP Growth Opportunities Portfolio - Service Class (FGOS)
7,266 shares (cost $249,594)	225,252
VIP Growth Portfolio - Service Class (FGS)
1,453,189 shares (cost $62,304,422)	85,883,470
VIP High Income Portfolio - Service Class (FHIS)
2,525,051 shares (cost $14,222,992)	13,483,771
VIP Index 500 Portfolio - Initial Class (FIP)
222,874 shares (cost $40,239,472)	50,692,699
VIP Investment Grade Bond Portfolio - Service Class (FIGBS)
14,892,347 shares (cost $190,539,011)	186,154,337
VIP Mid Cap Portfolio - Service Class (FMCS)
1,190,552 shares (cost $39,624,944)	40,121,602
VIP Money Market Portfolio - Initial Class (FMMP)
9,352,801 shares (cost $9,352,801)	9,352,801
VIP Overseas Portfolio - Service Class (FOS)
864,173 shares (cost $17,259,029)	15,330,429
VIP Value Strategies Portfolio - Service Class (FVSS)
218,426 shares (cost $2,877,229)	3,438,023
VIP Fidelity VIP Freedom Fund 2005 Portfolio - Service Class (FF05S)
28,659 shares (cost $330,826)	331,868
VIP Fidelity VIP Freedom Fund 2015 Portfolio - Service Class (FF15S)
656,175 shares (cost $8,226,968)	8,116,883
VIP Fidelity VIP Freedom Fund 2025 Portfolio - Service Class (FF25S)
1,380,516 shares (cost $17,748,568)	17,836,267
VIP Fidelity VIP Freedom Fund 2040 Portfolio - Service Class (FF40S)
460,724 shares (cost $8,390,200)	8,463,507

Mid Cap Value- Institutional Shares (GVMCE)
1,502,408 shares (cost $23,996,240)	24,384,076
Goldman Sachs Structured Small Cap Equity Fund (GVCSE)
41,188 shares (cost $565,412)	567,984
VIT Growth Opportunities Fund - Service Shares (GVGOPS)
186,412 shares (cost $1,281,146)	1,254,551
Goldman Sachs Global Markets Navigator Fund - Service Shares (GVGMNS)
1,669 shares (cost $20,128)	18,897
ClearBridge Variable Small Cap Growth Portfolio - Class I (SBVSG)
574,154 shares (cost $12,287,406)	12,235,219
Baron Growth Opportunities Fund Service Class (BNCAI)
137,859 shares (cost $5,963,741)	5,538,067
Capital Appreciation Fund/VA - Non-Service Shares (OVGR)
211,869 shares (cost $11,033,666)	10,245,997
Global Securities Fund/VA - Non-Service Shares (OVGS)
1,971,566 shares (cost $72,887,546)	69,044,225
International Growth Fund/VA - Non-Service Shares (OVIG)
6,483,026 shares (cost $14,271,203)	13,484,695
Main Street Fund(R)/VA - Non-Service Shares (OVGI)
1,155,780 shares (cost $27,178,308)	32,835,703
Main Street Small- & Mid-Cap Fund(R)/VA - Non-Service Shares (OVSC)
294,440 shares (cost $7,071,617)	7,090,118
Discovery Mid Cap Growth Fund/VA - Non-Service Shares (OVAG)
331,136 shares (cost $16,947,232)	24,057,020
Global Strategic Income Fund/VA: Non-service Shares (OVSB)
3,548,143 shares (cost $18,931,856)	17,527,828
All Asset Portfolio - Administrative Class (PMVAAA)
2,202,983 shares (cost $22,984,035)	22,051,859
CommodityRealReturn(R) Strategy Portfolio - Administrative Class (PMVRSA)
21,477 shares (cost $155,312)	169,021
Foreign Bond Portfolio (Unhedged) - Administrative Class (PMVFBA)
136,461 shares (cost $1,357,353)	1,334,592
Long-Term U.S. Government Portfolio - Administrative Class (PMVLGA)
114,265 shares (cost $1,421,602)	1,312,906
Low Duration Portfolio - Administrative Class (PMVLDA)
3,868,685 shares (cost $40,531,843)	39,615,336
Real Return Portfolio - Administrative Class (PMVRRA)
4,513,512 shares (cost $57,487,746)	55,380,795
Total Return Portfolio - Administrative Class (PMVTRA)
7,456,014 shares (cost $82,189,765)	79,331,992
Pioneer Emerging Markets VCT Portfolio - Class I Shares (PIVEMI)
23,516 shares (cost $384,929)	379,311
Pioneer Variable Contracts Trust - Pioneer High Yield VCT Portfolio: Class I (PIHYB1)
508,792 shares (cost $4,920,862)	4,731,765
VT Growth & Income Fund: Class IB (PVGIB)
36,673 shares (cost $842,270)	953,127
VT Growth Opportunities Fund: Class IB (PVGOB)
150,579 shares (cost $1,155,592)	1,163,973
VT International Equity Fund: Class IB (PVTIGB)
67,402 shares (cost $870,476)	831,062
VT Small Cap Value Fund: Class IB (PVTSCB)
63,412 shares (cost $905,710)	998,737
VI Growth and Income Fund - Series I Shares (ACGI)
277,763 shares (cost $5,999,235)	5,846,905
VI American Franchise Fund - Series I Shares (ACEG)
20,660 shares (cost $1,003,251)	1,106,972
VI Value Opportunities Fund - Series I Shares (AVBVI)
74 shares (cost $480)	479

VI High Yield Fund - Series I Shares (AVHY1)
2,651,397 shares (cost $14,667,545)	14,317,545
VI International Growth Fund - Series I Shares (AVIE)
1,308,681 shares (cost $44,801,872)	43,042,503
VI Mid Cap Core Equity Fund: Series I Shares (AVMCCI)
26,846 shares (cost $342,985)	345,510
VI Small Cap Equity Fund - Series I Shares (AVSCE)
14,114 shares (cost $248,879)	259,407
Micro-Cap Portfolio - Investment Class (ROCMC)
564,740 shares (cost $6,004,690)	6,274,262
Variable Fund - Multi-Hedge Strategies (RVARS)
22,157 shares (cost $531,325)	530,651
Equity Income Portfolio - II (TREI2)
983,172 shares (cost $28,167,011)	27,774,615
Health Sciences Portfolio - II (TRHS2)
660,161 shares (cost $24,031,293)	22,036,170
Limited-Term Bond Portfolio (TRLT1)
3,186,008 shares (cost $15,494,588)	15,420,280
Mid-Cap Growth Portfolio - II (TRMCG2)
927,348 shares (cost $25,353,463)	22,859,135
New America Growth Portfolio (TRNAG1)
1,493,421 shares (cost $37,416,507)	35,110,321
Personal Strategy Balanced Portfolio (TRPSB1)
207,672 shares (cost $4,071,316)	3,981,076
Blue Chip Growth Portfolio (TRBCGP)
2,053,315 shares (cost $44,737,252)	47,616,380
VIP Trust Emerging Markets Fund - Initial Class (VWEM)
759,075 shares (cost $9,594,166)	7,894,381
VIP Trust Global Hard Assets Fund - Initial Class (VWHA)
1,328,119 shares (cost $31,632,214)	32,060,787
Variable Insurance Fund - Balanced Portfolio (VVB)
405,756 shares (cost $9,005,182)	9,344,553
Insurance Fund - Capital Growth Portfolio (VVCG)
416,501 shares (cost $10,976,739)	11,811,965
Variable Insurance Fund - Diversified Value Portfolio (VVDV)
805,233 shares (cost $12,166,547)	13,777,535
Variable Insurance Fund - International Portfolio (VVI)
412,673 shares (cost $8,671,936)	8,059,498
Variable Insurance Fund - Mid-Cap Index Portfolio (VVMCI)
1,286,278 shares (cost $26,090,572)	27,153,337
Variable Insurance Fund - REIT Index Portfolio (VVREI)
684,029 shares (cost $8,784,912)	9,220,706
Variable Insurance Fund - Short-Term Investment-Grade Portfolio (VVSTC)
564,799 shares (cost $5,980,568)	6,003,812
Variable Insurance Fund - Small Company Growth Portfolio (VVSCG)
211,007 shares (cost $4,764,940)	4,536,661
Variable Insurance Fund - Total Bond Market Index Portfolio (VVHGB)
1,948,847 shares (cost $23,260,955)	22,937,928
Variable Insurance Portfolios - Asset Strategy (WRASP)
947,578 shares (cost $8,938,565)	7,622,314
Variable Insurance Portfolios - Growth (WRGP)
1,589,389 shares (cost $17,877,423)	16,376,266
Variable Insurance Portfolios - High Income (WRHIP)
10,602,439 shares (cost $40,717,388)	38,252,540
Variable Insurance Portfolios - Mid Cap Growth (WRMCG)
445,016 shares (cost $4,476,286)	4,199,927
Variable Insurance Portfolios - Real Estate Securities (WRRESP)
1,039,219 shares (cost $8,938,445)	8,724,553

Variable Insurance Portfolios - Science and Technology (WRSTP)
601,972 shares (cost $14,097,350)		13,447,823
Wells Fargo Variable Trust - VT Discovery Fund: Class 2 (SVDF)
540,127 shares (cost $15,518,992)		13,994,684
Advantage VT Opportunity Fund - Class 2 (SVOF)
244,075 shares (cost $6,703,527)		6,021,326
Advantage VT Small Cap Growth Fund - Class 2 (WFVSCG)
553,722 shares (cost $5,115,099)		4,612,507
Total Investments	$	4,732,604,741
Other Accounts Receivable		54,134
Accounts Receivable - VP International Fund - Class I (ACVI)		10,254
Accounts Receivable - VP Inflation Protection Fund - Class I (ACVIP1)		8,513
Accounts Receivable - Mid-Cap Growth Portfolio - I Class Shares (AMCG)		1,086
Accounts Receivable - Variable Series Funds, Inc. - BlackRock High Yield V.I. Fund - Class I (BRVHYI)		19,435
Accounts Receivable - Socially Responsible Growth Fund Inc - Initial Shares (DSRG)		12,852
Accounts Receivable - International Value Portfolio - Initial Shares (DVIV)		8
Accounts Receivable - VIP Contrafund(R) Portfolio - Service Class (FCS)		190,348
Accounts Receivable - VIP Growth Opportunities Portfolio - Service Class (FGOS)		126,062
Accounts Receivable - VIP Growth Portfolio - Service Class (FGS)		122,371
Accounts Receivable - NVIT Investor Destinations Managed Growth and Income Class I (IDPGI)		2
Accounts Receivable - Perkins Mid Cap Value Portfolio: Service Shares (JAMVS)		533
Accounts Receivable - Discovery Mid Cap Growth Fund/VA - Non-Service Shares (OVAG)		84,271
Accounts Receivable - Capital Appreciation Fund/VA - Non-Service Shares (OVGR)		27,196
Accounts Receivable - Variable Series II - DWS Large Cap Value VIP - Class B (SVSLVB)		5
Accounts Payable - Advisers Management Trust: Large Cap Value Portfolio - Class I (AMTP)		(547	)
Accounts Payable - VI Value Opportunities Fund - Series I Shares (AVBVI)		(3	)
Accounts Payable - Opportunistic Small Cap Portfolio: Initial Shares (DSC)		(8	)
Accounts Payable - Loring Ward NVIT Moderate Fund - Class P (NVLMP)		(4	)
Accounts Payable - NVIT Money Market Fund - Class I (SAM)		(161,434	)
Accounts Payable - Variable Series II - DWS Small Mid Cap Value VIP - Class B (SVSSVB)		(2	)
	$	4,733,099,813
Contract Owners’ Equity:
Accumulation units		4,733,099,813
Total Contract Owners’ Equity (note 8)	$	4,733,099,813

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENT OF OPERATIONS

Year Ended December 31, 2016

Investment Activity:	Total			ALVDAA			ACVIP1			AMVAA2			AMVBD2			AMVGS2			AMVGR2			AMVI2
Reinvested dividends	$	75,222,169			229			237,462			115,033			1,222,073			3,217			138,313			83,310
Asset charges (note 3)		(5,848,156	)		-			(24,386	)		(12,976	)		(72,695	)		(2,761	)		(42,357	)		(13,160	)
Net investment income (loss)		69,374,013			229			213,076			102,057			1,149,378			456			95,956			70,150
Realized gain (loss) on investments		46,700,180			(1,555	)		(117,230	)		41,453			(11,246	)		(95,724	)		152,600			(226,694	)
Change in unrealized gain (loss) on investments		32,203,948			2,087			(51,762	)		289,198			617,286			(127,729	)		(171,097	)		(83,550	)
Net gain (loss) on investments		78,904,128			532			(168,992	)		330,651			606,040			(223,453	)		(18,497	)		(310,244	)
Reinvested capital gains		206,359,654			6			47,854			151,298			251,767			228,140			1,617,818			463,255
Net increase (decrease) in contract owners’ equity resulting from operations	$	354,637,795			767			91,938			584,006			2,007,185			5,143			1,695,277			223,161
Investment Activity:	AMVNW2			BRVHYI			MLVLC2			MLVGA2			CVSPIP			DAVVL			DWVEMS			DWVSVS
Reinvested dividends	$	1,852			238,793			17,650			101,869			8,417			45,626			18,800			107,697
Asset charges (note 3)		(77	)		(6,351	)		(4,261	)		-			(1,450	)		(3,656	)		(6,162	)		(33,940	)
Net investment income (loss)		1,775			232,442			13,389			101,869			6,967			41,970			12,638			73,757
Realized gain (loss) on investments		(50	)		(57,340	)		(87,939	)		(25,132	)		43			(280,753	)		(118,539	)		(395,736	)
Change in unrealized gain (loss) on investments		3,110			351,867			128,244			280,171			49,896			101,850			345,215			3,291,330
Net gain (loss) on investments		3,060			294,527			40,305			255,039			49,939			(178,903	)		226,676			2,895,594
Reinvested capital gains		-			-			121,562			-			6,423			546,456			49,432			1,340,874
Net increase (decrease) in contract owners’ equity resulting from operations	$	4,835			526,969			175,256			356,908			63,329			409,523			288,746			4,310,225

Investment Activity:	DFVIPS			DFVIS			DFVUTV			DSIF			DSRG			DSGIBA			ETVFR			FTVIS2
Reinvested dividends	$	67,527			21,180			21,270			9,100,542			140,443			-			2,408,188			332,764
Asset charges (note 3)		(2,394	)		(1,915	)		(3,884	)		(657,957	)		(873	)		-			(95,625	)		-
Net investment income (loss)		65,133			19,265			17,386			8,442,585			139,570			-			2,312,563			332,764
Realized gain (loss) on investments		(17,693	)		(23,621	)		(95,160	)		27,801,793			351,441			17			(766,721	)		(14,949	)
Change in unrealized gain (loss) on investments		(169,715	)		45,959			449,548			(2,033,461	)		(480,482	)		250			4,475,338			583,734
Net gain (loss) on investments		(187,408	)		22,338			354,388			25,768,332			(129,041	)		267			3,708,617			568,785
Reinvested capital gains		3,543			7,368			75,515			15,562,830			1,067,074			-			-			-
Net increase (decrease) in contract owners’ equity resulting from operations	$	(118,732	)		48,971			447,289			49,773,747			1,077,603			267			6,021,180			901,549
Investment Activity:	FTVRDI			FTVSVI			FTVSV2			FTVMD2			FTVDM2			TIF			TIF2			FTVGI2
Reinvested dividends	$	254,151			97,560			82,437			34,924			18,557			20,892			469,448			-
Asset charges (note 3)		-			-			(23,931	)		(1,290	)		-			-			(40,580	)		(2,444	)
Net investment income (loss)		254,151			97,560			58,506			33,634			18,557			20,892			428,868			(2,444	)
Realized gain (loss) on investments		683,137			433,255			(1,064,788	)		(123,269	)		(200,815	)		(8,906	)		(404,491	)		(885,426	)
Change in unrealized gain (loss) on investments		(422,179	)		685,005			2,218,341			166,394			534,408			38,695			1,173,881			1,061,378
Net gain (loss) on investments		260,958			1,118,260			1,153,553			43,125			333,593			29,789			769,390			175,952
Reinvested capital gains		1,847,519			1,351,260			1,514,968			165,605			-			16,379			420,475			8,984
Net increase (decrease) in contract owners’ equity resulting from operations	$	2,362,628			2,567,080			2,727,027			242,364			352,150			67,060			1,618,733			182,492

Investment Activity:	FTVFA2			FTVGB1			IVKMG1			IVBRA1			JPMMV1			JPSCE1			JABS			JAMGS
Reinvested dividends	$	24,446			-			-			4,578			144,775			320			535,889			13,568
Asset charges (note 3)		-			(26,745	)		(2,421	)		-			(41,540	)		(170	)		(48,467	)		(4,376	)
Net investment income (loss)		24,446			(26,745	)		(2,421	)		4,578			103,235			150			487,422			9,192
Realized gain (loss) on investments		(2,034	)		(1,005,312	)		367,992			(43,310	)		84,083			53			371,249			(8,289	)
Change in unrealized gain (loss) on investments		34,141			1,472,530			(746,090	)		110,463			2,027,483			11,963			(33,133	)		59,755
Net gain (loss) on investments		32,107			467,218			(378,098	)		67,153			2,111,566			12,016			338,116			51,466
Reinvested capital gains		20,693			11,364			349,893			-			866,641			5,001			380,816			139,121
Net increase (decrease) in contract owners’ equity resulting from operations	$	77,246			451,837			(30,626	)		71,731			3,081,442			17,167			1,206,354			199,779
Investment Activity:	JAFBS			JACAS			JAGTS			JAIGS			JAMVS			LZREMS			LOVBD			LOVMCV
Reinvested dividends	$	310,537			374,895			13,235			1,025,199			14,616			314,707			111,454			563
Asset charges (note 3)		(28,815	)		(29,372	)		(4,743	)		(10,491	)		(3,349	)		(61,895	)		(5,551	)		(252	)
Net investment income (loss)		281,722			345,523			8,492			1,014,708			11,267			252,812			105,903			311
Realized gain (loss) on investments		(87,233	)		(897,545	)		604,628			(2,062,735	)		(259,699	)		(1,702,967	)		(2,539	)		(430	)
Change in unrealized gain (loss) on investments		19,203			(4,252,129	)		679,227			(967,714	)		305,306			7,204,148			239,149			10,809
Net gain (loss) on investments		(68,030	)		(5,149,674	)		1,283,855			(3,030,449	)		45,607			5,501,181			236,610			10,379
Reinvested capital gains		-			5,577,646			511,313			580,615			240,070			-			-			6,385
Net increase (decrease) in contract owners’ equity resulting from operations	$	213,692			773,495			1,803,660			(1,435,126	)		296,944			5,753,993			342,513			17,075

Investment Activity:	LOVTRC			LOVSDC			MVBRES			MV2IGI			MV2RIS			MNDIC			MNDSC			MVFIC
Reinvested dividends	$	300,212			303,269			9,496			17,384			35,430			-			-			231,520
Asset charges (note 3)		(18,896	)		(8,112	)		(1,925	)		-			(6,513	)		-			(256	)		-
Net investment income (loss)		281,316			295,157			7,571			17,384			28,917			-			(256	)		231,520
Realized gain (loss) on investments		2,501			1,360			(46,203	)		(45,205	)		(38,030	)		(53,719	)		(49,918	)		386,332
Change in unrealized gain (loss) on investments		(67,178	)		(294,797	)		18,562			(135,306	)		(24,100	)		63,817			35,371			(78,359	)
Net gain (loss) on investments		(64,677	)		(293,437	)		(27,641	)		(180,511	)		(62,130	)		10,098			(14,547	)		307,973
Reinvested capital gains		43,581			-			78,664			335,460			-			14,797			4,306			894,276
Net increase (decrease) in contract owners’ equity resulting from operations	$	260,220			1,720			58,594			172,333			(33,213	)		24,895			(10,497	)		1,433,769
Investment Activity:	MVFSC			MVIVSC			MSVFI			MSEM			VKVGR2			MSVMG			MSVEG			MSVRE
Reinvested dividends	$	1,084,204			925,736			39,727			1,976,313			74,775			-			-			262,794
Asset charges (note 3)		(118,700	)		(165,322	)		-			(28,099	)		(12,116	)		(15,593	)		(3,172	)		(39,520	)
Net investment income (loss)		965,504			760,414			39,727			1,948,214			62,659			(15,593	)		(3,172	)		223,274
Realized gain (loss) on investments		1,359,038			3,141,015			20,892			(870,142	)		178,466			(1,835,295	)		7,923			2,089,195
Change in unrealized gain (loss) on investments		592,887			(2,785,489	)		40,199			2,499,907			(57,078	)		825,277			(270,212	)		(1,046,284	)
Net gain (loss) on investments		1,951,925			355,526			61,091			1,629,765			121,388			(1,010,018	)		(262,289	)		1,042,911
Reinvested capital gains		4,787,257			1,871,728			-			-			-			329,968			251,337			-
Net increase (decrease) in contract owners’ equity resulting from operations	$	7,704,686			2,987,668			100,818			3,577,979			184,047			(695,643	)		(14,124	)		1,266,185

Investment Activity:	IDPGI			IDPG			NCPGI			NCPG			NVBX			NVIX			NVAMV1			GVAAA2
Reinvested dividends	$	15			56			14			1,603			2,265,017			707,295			899,308			172,460
Asset charges (note 3)		-			-			-			-			(169,601	)		(44,294	)		-			-
Net investment income (loss)		15			56			14			1,603			2,095,416			663,001			899,308			172,460
Realized gain (loss) on investments		-			(1,347	)		70			(1,431	)		(114,780	)		(1,009,193	)		348,874			549,210
Change in unrealized gain (loss) on investments		(21	)		3,568			(21	)		3,247			(311,640	)		737,391			2,121,293			(492,088	)
Net gain (loss) on investments		(21	)		2,221			49			1,816			(426,420	)		(271,802	)		2,470,167			57,122
Reinvested capital gains		-			-			-			-			207,636			-			3,723,802			546,241
Net increase (decrease) in contract owners’ equity resulting from operations	$	(6	)		2,277			63			3,419			1,876,632			391,199			7,093,277			775,823
Investment Activity:	GVABD2			GVAGG2			GVAGR2			GVAGI2			HIBF			GEM			GIG			NVIE6
Reinvested dividends	$	36,167			106,999			21,216			33,651			1,218,954			95,250			358,708			3,624
Asset charges (note 3)		-			-			-			-			(22,078	)		(7,985	)		(11,176	)		-
Net investment income (loss)		36,167			106,999			21,216			33,651			1,196,876			87,265			347,532			3,624
Realized gain (loss) on investments		38,312			218,075			459,935			216,152			(443,818	)		(467,161	)		(592,988	)		1,835
Change in unrealized gain (loss) on investments		(31,601	)		(1,024,820	)		(1,621,539	)		(321,435	)		1,967,467			1,197,795			338,926			(4,487	)
Net gain (loss) on investments		6,711			(806,745	)		(1,161,604	)		(105,283	)		1,523,649			730,634			(254,062	)		(2,652	)
Reinvested capital gains		4,994			683,147			1,979,469			400,303			-			-			-			-
Net increase (decrease) in contract owners’ equity resulting from operations	$	47,872			(16,599	)		839,081			328,671			2,720,525			817,899			93,470			972

Investment Activity:	NVNMO1			NVNSR1			NVCRA1			NVCRB1			NVCCA1			NVCCN1			NVCMD1			NVCMA1
Reinvested dividends	$	119,416			1,983			84,761			4,800,739			165,626			100,230			189,159			180,521
Asset charges (note 3)		-			-			(212	)		(165,782	)		(442	)		(747	)		(270	)		(696	)
Net investment income (loss)		119,416			1,983			84,549			4,634,957			165,184			99,483			188,889			179,825
Realized gain (loss) on investments		205,302			(11,232	)		(308,425	)		269,250			(237,194	)		(152,686	)		70,627			(37,099	)
Change in unrealized gain (loss) on investments		871,200			4,646			211,953			(2,720,352	)		22,595			126,724			(259,020	)		(204,134	)
Net gain (loss) on investments		1,076,502			(6,586	)		(96,472	)		(2,451,102	)		(214,599	)		(25,962	)		(188,393	)		(241,233	)
Reinvested capital gains		721,745			25,658			261,329			8,289,013			433,816			97,910			459,457			560,402
Net increase (decrease) in contract owners’ equity resulting from operations	$	1,917,663			21,055			249,406			10,472,868			384,401			171,431			459,953			498,994
Investment Activity:	NVCMC1			NVCBD1			NVLCP1			TRF			GBF			GVIX2			GVIDA			NVDBL2
Reinvested dividends	$	113,286			49,627			68,874			1,799,714			1,099,448			56,642			367,817			29,850
Asset charges (note 3)		(647	)		-			-			(89,911	)		(72,856	)		(249	)		(7,564	)		-
Net investment income (loss)		112,639			49,627			68,874			1,709,803			1,026,592			56,393			360,253			29,850
Realized gain (loss) on investments		(155,765	)		(1,299	)		6,830			8,597,119			(810,781	)		(276,330	)		985,983			9,176
Change in unrealized gain (loss) on investments		125,934			210			485			4,064,038			101,038			132,903			(1,018,963	)		19,056
Net gain (loss) on investments		(29,831	)		(1,089	)		7,315			12,661,157			(709,743	)		(143,427	)		(32,980	)		28,232
Reinvested capital gains		156,143			2,375			8,840			-			-			-			1,644,978			36,174
Net increase (decrease) in contract owners’ equity resulting from operations	$	238,951			50,913			85,029			14,370,960			316,849			(87,034	)		1,972,251			94,256

Investment Activity:	NVDCA2			GVIDC			GVIDM			GVDMA			GVDMC			MCIF			SAM			SAM5
Reinvested dividends	$	13,427			272,265			1,173,298			1,473,578			321,946			1,198,384			2,790			48,407
Asset charges (note 3)		-			(11,790	)		(21,246	)		(32,285	)		(4,913	)		(123,815	)		(635	)		(332,855	)
Net investment income (loss)		13,427			260,475			1,152,052			1,441,293			317,033			1,074,569			2,155			(284,448	)
Realized gain (loss) on investments		189			(109,900	)		3,033,546			1,897,818			460,310			2,317,374			-			-
Change in unrealized gain (loss) on investments		12,102			40,928			(3,255,184	)		(2,774,674	)		(450,158	)		5,032,195			-			-
Net gain (loss) on investments		12,291			(68,972	)		(221,638	)		(876,856	)		10,152			7,349,569			-			-
Reinvested capital gains		28,129			272,357			3,499,125			6,142,556			558,313			8,766,100			972			3,387
Net increase (decrease) in contract owners’ equity resulting from operations	$	53,847			463,860			4,429,539			6,706,993			885,498			17,190,238			3,127			(281,061	)
Investment Activity:	NVMIG1			GVDIVI			NVMLG1			NVMLV1			NVMMG1			NVMMV1			NVMMV2			SCGF
Reinvested dividends	$	212,888			138,539			102,090			311,005			-			19,364			183,824			-
Asset charges (note 3)		-			-			(2,342	)		(11,828	)		(13,482	)		(1,869	)		-			(10,098	)
Net investment income (loss)		212,888			138,539			99,748			299,177			(13,482	)		17,495			183,824			(10,098	)
Realized gain (loss) on investments		(249,443	)		(107,896	)		424,480			263,430			1,320,467			(32,489	)		254,168			437,525
Change in unrealized gain (loss) on investments		(591,956	)		211,218			(2,061,247	)		195,471			(3,540,330	)		96,793			536,674			(2,842,573	)
Net gain (loss) on investments		(841,399	)		103,322			(1,636,767	)		458,901			(2,219,863	)		64,304			790,842			(2,405,048	)
Reinvested capital gains		321,679			-			1,756,323			1,764,870			4,887,392			113,131			1,148,664			3,762,263
Net increase (decrease) in contract owners’ equity resulting from operations	$	(306,832	)		241,861			219,304			2,522,948			2,654,047			194,930			2,123,330			1,347,117

Investment Activity:	SCVF			SCF			MSBF			NVSTB1			NVSTB2			NVOLG1			NVTIV3			EIF
Reinvested dividends	$	248,515			138,716			376,465			593,004			20,201			993,001			12,241			281,827
Asset charges (note 3)		(18,284	)		(35,699	)		(5,107	)		(41,931	)		-			(617	)		-			(1,125	)
Net investment income (loss)		230,231			103,017			371,358			551,073			20,201			992,384			12,241			280,702
Realized gain (loss) on investments		1,274,392			1,594,153			40,496			4,450			(16,150	)		2,449,246			(70,093	)		499,956
Change in unrealized gain (loss) on investments		3,760,858			819,857			500,976			(86,074	)		32,730			(29,125,109	)		46,178			981,809
Net gain (loss) on investments		5,035,250			2,414,010			541,472			(81,624	)		16,580			(26,675,863	)		(23,915	)		1,481,765
Reinvested capital gains		3,885,287			6,395,420			-			-			-			30,340,812			8,284			-
Net increase (decrease) in contract owners’ equity resulting from operations	$	9,150,768			8,912,447			912,830			469,449			36,781			4,657,333			(3,390	)		1,762,467
Investment Activity:	NVRE1			NVLCAP			NVLMP			NVSIX2			GVEX1			AMTB			AMGP			AMCG
Reinvested dividends	$	651,839			639			105			5,865			86,884			43,111			3,523			-
Asset charges (note 3)		(16,811	)		-			-			-			-			-			(1,522	)		(5,071	)
Net investment income (loss)		635,028			639			105			5,865			86,884			43,111			2,001			(5,071	)
Realized gain (loss) on investments		(1,328,114	)		(1,844	)		(59	)		(11,627	)		17,570			(40,136	)		(40,397	)		(122,129	)
Change in unrealized gain (loss) on investments		265,592			7,398			540			37,000			256,385			45,132			(31,607	)		115,250
Net gain (loss) on investments		(1,062,522	)		5,554			481			25,373			273,955			4,996			(72,004	)		(6,879	)
Reinvested capital gains		2,624,909			439			102			58,424			68,108			-			121,285			94,449
Net increase (decrease) in contract owners’ equity resulting from operations	$	2,197,415			6,632			688			89,662			428,947			48,107			51,282			82,499

Investment Activity:	AMMCGS			AMTP			AMRI			AMSRS			NOTB3			NOTG3			NOTMG3			ALVGIA
Reinvested dividends	$	-			2,296			33,509			13,649			484			464			645			227,495
Asset charges (note 3)		-			(146	)		(12,369	)		-			-			-			-			(44,355	)
Net investment income (loss)		-			2,150			21,140			13,649			484			464			645			183,140
Realized gain (loss) on investments		(11,860	)		(13,982	)		66,926			71,559			(205	)		13			30			806,879
Change in unrealized gain (loss) on investments		(1,046	)		51,757			282,195			29,720			1,827			890			1,527			94,274
Net gain (loss) on investments		(12,906	)		37,775			349,121			101,279			1,622			903			1,557			901,153
Reinvested capital gains		51,292			25,172			380,957			70,083			-			-			-			1,358,916
Net increase (decrease) in contract owners’ equity resulting from operations	$	38,386			65,097			751,218			185,011			2,106			1,367			2,202			2,443,209
Investment Activity:	ALVIVA			ALVSVA			ACVCA			ACVIG			ACVIP2			ACVI			ACVMV1			ACVU1
Reinvested dividends	$	113,131			111,450			-			433,425			169,764			16,822			266,022			2,474
Asset charges (note 3)		(14,236	)		(15,762	)		(1,352	)		(6,905	)		-			(3,651	)		(9,686	)		(1,712	)
Net investment income (loss)		98,895			95,688			(1,352	)		426,520			169,764			13,171			256,336			762
Realized gain (loss) on investments		52,827			(305,256	)		(53,917	)		371,827			(280,531	)		(24,989	)		650,476			(9,261	)
Change in unrealized gain (loss) on investments		(225,135	)		3,440,962			20,702			1,164,262			442,667			(41,076	)		1,583,924			11,788
Net gain (loss) on investments		(172,308	)		3,135,706			(33,215	)		1,536,089			162,136			(66,065	)		2,234,400			2,527
Reinvested capital gains		-			1,047,125			57,974			338,152			68,878			-			662,743			29,328
Net increase (decrease) in contract owners’ equity resulting from operations	$	(73,413	)		4,278,519			23,407			2,300,761			400,778			(52,894	)		3,153,479			32,617

Investment Activity:	ACVV			DVMCS			DVSCS			DCAP			DSC			DVIV			SVSSVB			SVSLVB
Reinvested dividends	$	415,955			27,182			810,175			324,197			-			73,438			449			731
Asset charges (note 3)		(48,124	)		(6,111	)		(165,497	)		(8,101	)		-			(7,840	)		(393	)		(241	)
Net investment income (loss)		367,831			21,071			644,678			316,096			-			65,598			56			490
Realized gain (loss) on investments		529,693			(120,562	)		3,267,414			49,053			49,312			(109,793	)		(6,309	)		6,193
Change in unrealized gain (loss) on investments		3,569,445			270,397			9,684,971			(1,823,974	)		17,610			(30,414	)		14,993			(20,336	)
Net gain (loss) on investments		4,099,138			149,835			12,952,385			(1,774,921	)		66,922			(140,207	)		8,684			(14,143	)
Reinvested capital gains		-			180,460			7,680,217			2,952,589			73,582			-			20,455			5,236
Net increase (decrease) in contract owners’ equity resulting from operations	$	4,466,969			351,366			21,277,280			1,493,764			140,504			(74,609	)		29,195			(8,417	)
Investment Activity:	FVCA2P			FQB			FCS			FNRS2			FEIS			FF10S			FF20S			FF30S
Reinvested dividends	$	12,092			888,009			210,228			34,207			1,253,001			32,534			473,441			212,553
Asset charges (note 3)		-			(23,669	)		(70,977	)		-			(29,607	)		(584	)		(54,620	)		(18,160	)
Net investment income (loss)		12,092			864,340			139,251			34,207			1,223,394			31,950			418,821			194,393
Realized gain (loss) on investments		(7,679	)		(51,284	)		836,270			(160,950	)		2,334,674			28,707			584,496			324,829
Change in unrealized gain (loss) on investments		(33,120	)		96,277			(1,478,476	)		2,032,472			2,162,641			(1,999	)		(91,861	)		(96,024	)
Net gain (loss) on investments		(40,799	)		44,993			(642,206	)		1,871,522			4,497,315			26,708			492,635			228,805
Reinvested capital gains		-			-			2,642,744			-			3,649,305			48,953			877,797			495,769
Net increase (decrease) in contract owners’ equity resulting from operations	$	(28,707	)		909,333			2,139,789			1,905,729			9,370,014			107,611			1,789,253			918,967

Investment Activity:	FFINS			FGOS			FGS			FHIS			FIP			FIGBS			FMCS			FMMP
Reinvested dividends	$	13,668			547			-			685,881			707,652			4,306,919			162,012			6,541
Asset charges (note 3)		(2,062	)		(633	)		(70,579	)		(13,420	)		(100,662	)		(302,171	)		(34,014	)		(5,121	)
Net investment income (loss)		11,606			(86	)		(70,579	)		672,461			606,990			4,004,748			127,998			1,420
Realized gain (loss) on investments		2,529			(10,388	)		2,610,095			(211,169	)		1,887,634			(204,023	)		(77,131	)		-
Change in unrealized gain (loss) on investments		9,956			1,875			(10,188,118	)		1,266,607			3,029,372			3,497,427			1,999,382			-
Net gain (loss) on investments		12,485			(8,513	)		(7,578,023	)		1,055,438			4,917,006			3,293,404			1,922,251			-
Reinvested capital gains		10,223			5,913			8,191,795			-			50,473			81,868			2,510,379			-
Net increase (decrease) in contract owners’ equity resulting from operations	$	34,314			(2,686	)		543,193			1,727,899			5,574,469			7,380,020			4,560,628			1,420
Investment Activity:	FOS			FVSS			FF05S			FF15S			FF25S			FF40S			GVMCE			GVCSE
Reinvested dividends	$	215,145			34,168			4,286			115,916			251,121			102,446			321,520			818
Asset charges (note 3)		(5,030	)		(58	)		(513	)		(18,664	)		(35,040	)		(17,169	)		(81,946	)		(137	)
Net investment income (loss)		210,115			34,110			3,773			97,252			216,081			85,277			239,574			681
Realized gain (loss) on investments		201,818			173,115			(2,136	)		(311,500	)		27,906			26,275			(3,665,563	)		(4,145	)
Change in unrealized gain (loss) on investments		(1,371,624	)		77,116			7,036			265,254			324,699			199,275			7,439,462			11,915
Net gain (loss) on investments		(1,169,806	)		250,231			4,900			(46,246	)		352,605			225,550			3,773,899			7,770
Reinvested capital gains		27,212			-			1,970			291,446			408,452			262,373			12,988			1,951
Net increase (decrease) in contract owners’ equity resulting from operations	$	(932,479	)		284,341			10,643			342,452			977,138			573,200			4,026,461			10,402

Investment Activity:	GVGOPS			GVGMNS			SBVSG			BNCAI			OVGR			OVGS			OVIG			OVGI
Reinvested dividends	$	-			53			-			28,026			44,774			720,044			119,232			340,471
Asset charges (note 3)		(3,505	)		-			(24,218	)		(14,920	)		(25,262	)		(84,950	)		(20,815	)		(11,689	)
Net investment income (loss)		(3,505	)		53			(24,218	)		13,106			19,512			635,094			98,417			328,782
Realized gain (loss) on investments		(181,531	)		(700	)		(428,485	)		(61,629	)		264,896			1,947,453			(240,036	)		302,545
Change in unrealized gain (loss) on investments		203,432			1,593			679,565			20,485			(1,786,574	)		(7,341,044	)		(208,566	)		(857,756	)
Net gain (loss) on investments		21,901			893			251,080			(41,144	)		(1,521,678	)		(5,393,591	)		(448,602	)		(555,211	)
Reinvested capital gains		8,984			-			458,852			397,350			1,134,448			4,564,074			253,641			3,618,968
Net increase (decrease) in contract owners’ equity resulting from operations	$	27,380			946			685,714			369,312			(367,718	)		(194,423	)		(96,544	)		3,392,539
Investment Activity:	OVSC			OVAG			OVSB			PMVAAA			PMVRSA			PMVFBA			PMVLGA			PMVLDA
Reinvested dividends	$	34,134			-			857,814			563,634			1,665			18,018			49,496			652,951
Asset charges (note 3)		-			(9,849	)		-			(41,542	)		-			(1,451	)		(5,898	)		(85,688	)
Net investment income (loss)		34,134			(9,849	)		857,814			522,092			1,665			16,567			43,598			567,263
Realized gain (loss) on investments		(534	)		617,682			(225,123	)		(1,123,681	)		(7,714	)		(55,055	)		320,082			(766,389	)
Change in unrealized gain (loss) on investments		820,876			(1,948,657	)		454,100			3,049,279			27,656			119,503			(187,530	)		705,346
Net gain (loss) on investments		820,342			(1,330,975	)		228,977			1,925,598			19,942			64,448			132,552			(61,043	)
Reinvested capital gains		253,053			1,878,904			-			-			-			-			-			-
Net increase (decrease) in contract owners’ equity resulting from operations	$	1,107,529			538,080			1,086,791			2,447,690			21,607			81,015			176,150			506,220

Investment Activity:	PMVRRA			PMVTRA			PIVEMI			PIHYB1			PVGIB			PVGOB			PVTIGB			PVTSCB
Reinvested dividends	$	1,475,000			1,808,959			3,414			211,588			15,566			-			29,513			10,676
Asset charges (note 3)		(134,856	)		(157,118	)		(350	)		(8,452	)		-			-			-			(2,029	)
Net investment income (loss)		1,340,144			1,651,841			3,064			203,136			15,566			-			29,513			8,647
Realized gain (loss) on investments		(4,855,695	)		(1,243,164	)		(171,037	)		(149,268	)		35,956			32			42,576			(62,163	)
Change in unrealized gain (loss) on investments		7,131,930			1,722,319			195,028			521,670			44,131			8,380			(99,753	)		200,135
Net gain (loss) on investments		2,276,235			479,155			23,991			372,402			80,087			8,412			(57,177	)		137,972
Reinvested capital gains		-			-			-			-			27,489			-			-			91,160
Net increase (decrease) in contract owners’ equity resulting from operations	$	3,616,379			2,130,996			27,055			575,538			123,142			8,412			(27,664	)		237,779
Investment Activity:	PVTVB			ACGI			ACEG			AVBVI			AVHY1			AVIE			AVMCCI			AVSCE
Reinvested dividends	$	14,274			57,632			-			2			592,826			646,480			325			-
Asset charges (note 3)		-			(11,999	)		-			(5	)		(29,251	)		(98,510	)		(524	)		(557	)
Net investment income (loss)		14,274			45,633			-			(3	)		563,575			547,970			(199	)		(557	)
Realized gain (loss) on investments		(53,253	)		(235,204	)		83,193			(167	)		(262,311	)		1,612,198			(51,522	)		(42,933	)
Change in unrealized gain (loss) on investments		5,900			694,361			(172,967	)		(93	)		1,149,530			(2,520,375	)		60,083			53,568
Net gain (loss) on investments		(47,353	)		459,157			(89,774	)		(260	)		887,219			(908,177	)		8,561			10,635
Reinvested capital gains		50,757			476,281			102,736			174			-			-			27,727			17,325
Net increase (decrease) in contract owners’ equity resulting from operations	$	17,678			981,071			12,962			(89	)		1,450,794			(360,207	)		36,089			27,403

Investment Activity:	ROCMC			RVARS			TREI2			TRHS2			TRLT1			TRMCG2			TRNAG1			TRPSB1
Reinvested dividends	$	47,631			536			595,036			-			286,340			-			14,217			63,407
Asset charges (note 3)		(13,481	)		-			(71,565	)		(28,140	)		(51,250	)		(53,393	)		(78,274	)		(8,750	)
Net investment income (loss)		34,150			536			523,471			(28,140	)		235,090			(53,393	)		(64,057	)		54,657
Realized gain (loss) on investments		(740,554	)		9,750			3,502,292			2,792,366			(77,599	)		(295,514	)		(2,084,600	)		(188,191	)
Change in unrealized gain (loss) on investments		1,903,622			(12,149	)		(2,126,377	)		(6,483,689	)		114,377			49,969			631,470			279,097
Net gain (loss) on investments		1,163,068			(2,399	)		1,375,915			(3,691,323	)		36,778			(245,545	)		(1,453,130	)		90,906
Reinvested capital gains		-			-			2,612,541			171,039			-			1,493,887			1,734,518			91,725
Net increase (decrease) in contract owners’ equity resulting from operations	$	1,197,218			(1,863	)		4,511,927			(3,548,424	)		271,868			1,194,949			217,331			237,288
Investment Activity:	TRBCGP			VWEM			VWHA			VVB			VVCG			VVDV			VVI			VVMCI
Reinvested dividends	$	-			36,587			109,911			197,046			118,393			365,515			122,246			362,146
Asset charges (note 3)		(82,494	)		(6,087	)		(45,117	)		(17,249	)		(21,169	)		(27,426	)		(17,250	)		(54,038	)
Net investment income (loss)		(82,494	)		30,500			64,794			179,797			97,224			338,089			104,996			308,108
Realized gain (loss) on investments		1,509,207			(120,107	)		(3,880,140	)		59,478			(21,164	)		379,235			27,395			812,689
Change in unrealized gain (loss) on investments		(881,856	)		58,637			14,108,839			267,508			729,348			77,004			(205,005	)		(261,900	)
Net gain (loss) on investments		627,351			(61,470	)		10,228,699			326,986			708,184			456,239			(177,610	)		550,789
Reinvested capital gains		-			39,636			-			344,830			259,870			747,681			142,329			1,800,809
Net increase (decrease) in contract owners’ equity resulting from operations	$	544,857			8,666			10,293,493			851,613			1,065,278			1,542,009			69,715			2,659,706

Investment Activity:	VVREI			VVSTC			VVSCG			VVHGB			WRASP			WRGP			WRHIP			WRMCG
Reinvested dividends	$	230,448			101,562			13,691			488,747			59,793			4,320			2,764,426			-
Asset charges (note 3)		(19,195	)		(11,651	)		(8,422	)		(47,050	)		(5,407	)		(19,326	)		(52,796	)		(10,906	)
Net investment income (loss)		211,253			89,911			5,269			441,697			54,386			(15,006	)		2,711,630			(10,906	)
Realized gain (loss) on investments		164,883			(7,534	)		(75,569	)		(33,629	)		(2,956,905	)		(698,650	)		(1,537,892	)		(535,333	)
Change in unrealized gain (loss) on investments		(336,706	)		54,939			290,804			(5,787	)		2,491,470			(1,125,365	)		4,306,807			500,716
Net gain (loss) on investments		(171,823	)		47,405			215,235			(39,416	)		(465,435	)		(1,824,015	)		2,768,915			(34,617	)
Reinvested capital gains		611,456			-			347,644			58,226			-			1,888,577			-			333,815
Net increase (decrease) in contract owners’ equity resulting from operations	$	650,886			137,316			568,148			460,507			(411,049	)		49,556			5,480,545			288,292
Investment Activity:	WRRESP			WRSTP			SVDF			SVOF			WFVSCG			CAF
Reinvested dividends	$	85,851			-			-			113,315			-			20,339
Asset charges (note 3)		(10,441	)		(18,176	)		(13,341	)		(13,277	)		(7,591	)		(768	)
Net investment income (loss)		75,410			(18,176	)		(13,341	)		100,038			(7,591	)		19,571
Realized gain (loss) on investments		(367,986	)		(1,162,290	)		(321,740	)		(23,564	)		(654,920	)		3,341,232
Change in unrealized gain (loss) on investments		(227,393	)		690,860			106,434			(6,347	)		451,060			(4,805,528	)
Net gain (loss) on investments		(595,379	)		(471,430	)		(215,306	)		(29,911	)		(203,860	)		(1,464,296	)
Reinvested capital gains		725,353			499,483			994,544			562,582			523,918			1,404,949
Net increase (decrease) in contract owners’ equity resulting from operations	$	205,384			9,877			765,897			632,709			312,467			(39,776	)

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-4

STATEMENTS OF CHANGES IN CONTRACT OWNERS’ EQUITY

Years Ended December 31, 2016 and 2015

	Total						ALVDAA						ACVIP1						AMVAA2
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	69,374,013			73,565,886			229			552			213,076			123,750			102,057			72,606
Realized gain (loss) on investments		46,700,180			157,541,808			(1,555	)		634			(117,230	)		(40,592	)		41,453			77,689
Change in unrealized gain (loss) on investments		32,203,948			(475,204,916	)		2,087			(3,333	)		(51,762	)		(365,402	)		289,198			(432,377	)
Reinvested capital gains		206,359,654			206,683,439			6			1,108			47,854			-			151,298			333,728
Net increase (decrease) in contract owners’ equity resulting from operations		354,637,795			(37,413,783	)		767			(1,039	)		91,938			(282,244	)		584,006			51,646
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		214,947,701			230,175,856			9,196			6,669			420,565			4,587			355,012			348,568
Transfers between funds		-			-			(37,415	)		20,242			13,205,298			4,969,655			2,221,773			1,798,242
Surrenders (note 6)		(223,413,580	)		(261,930,075	)		(922	)		(710	)		(146,949	)		(15,845	)		(50,804	)		(45,336	)
Death benefits (note 4)		(19,933,699	)		(21,800,687	)		-			-			(3,282	)		(5	)		-			(31,992	)
Net policy repayments (loans) (note 5)		(4,371,264	)		(7,475,773	)		(137	)		(30	)		(44,823	)		(3,332	)		13,412			(27,774	)
Deductions for surrender charges (note 2d)		(88,731	)		(117,645	)		-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(109,803,006	)		(107,812,060	)		(6,764	)		(5,855	)		(106,738	)		(41,151	)		(146,069	)		(87,962	)
Asset charges (note 3):
FPVUL & VEL contracts		(5,013,433	)		(5,536,627	)		(195	)		(281	)		(211	)		(98	)		(1,262	)		(1,403	)
MSP contracts		(267,404	)		(294,944	)		-			-			-			-			-			-
SL contracts or LSFP contracts		(642,587	)		(703,206	)		-			-			-			-			-			-
Adjustments to maintain reserves		66,349			8,440			(16	)		5			9,766			(768	)		35			(2	)
Net equity transactions		(148,519,654	)		(175,486,721	)		(36,253	)		20,040			13,333,626			4,913,043			2,392,097			1,952,341
Net change in contract owners’ equity		206,118,141			(212,900,504	)		(35,486	)		19,001			13,425,564			4,630,799			2,976,103			2,003,987
Contract owners’ equity beginning of period		4,526,981,672			4,739,882,176			64,806			45,805			5,480,549			849,750			5,167,132			3,163,145
Contract owners’ equity end of period	$	4,733,099,813			4,526,981,672			29,320			64,806			18,906,113			5,480,549			8,143,235			5,167,132
CHANGES IN UNITS:
Beginning units		249,805,767			251,462,059			5,447			3,808			592,890			89,451			354,629			219,500
Units purchased		38,573,195			46,460,532			794			2,252			1,524,582			561,286			176,756			150,977
Units redeemed		(41,718,118	)		(48,116,824	)		(3,862	)		(613	)		(160,811	)		(57,847	)		(19,629	)		(15,848	)
Ending units		246,660,844			249,805,767			2,379			5,447			1,956,661			592,890			511,756			354,629

	AMVBD2						AMVGS2						AMVGR2						AMVI2
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	1,149,378			1,133,237			456			(4,302	)		95,956			58,715			70,150			67,183
Realized gain (loss) on investments		(11,246	)		(10,918	)		(95,724	)		284,933			152,600			4,209,138			(226,694	)		176,738
Change in unrealized gain (loss) on investments		617,286			(2,381,044	)		(127,729	)		(312,589	)		(171,097	)		(6,136,457	)		(83,550	)		(773,619	)
Reinvested capital gains		251,767			1,386,907			228,140			125,351			1,617,818			3,364,440			463,255			276,716
Net increase (decrease) in contract owners’ equity resulting from operations		2,007,185			128,182			5,143			93,393			1,695,277			1,495,836			223,161			(252,982	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		-			737			84,939			143,033			647,989			636,096			881,456			858,836
Transfers between funds		(4,084	)		3,577			(312,582	)		(964,330	)		(1,613,358	)		(8,729,499	)		152,991			631,694
Surrenders (note 6)		(1,187	)		(41,665	)		(7,324	)		(205,389	)		(215,958	)		(441,281	)		(247,231	)		(551,918	)
Death benefits (note 4)		-			-			(1,516	)		(3,934	)		(15,173	)		(62,232	)		(6,959	)		(22,950	)
Net policy repayments (loans) (note 5)		(419	)		(353	)		(2,480	)		(6,588	)		(26,400	)		(6,598	)		10,415			585
Deductions for surrender charges (note 2d)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(683,020	)		(637,156	)		(15,764	)		(23,066	)		(260,015	)		(275,499	)		(114,781	)		(98,310	)
Asset charges (note 3):
FPVUL & VEL contracts		(21	)		(40	)		(12	)		(132	)		(70	)		(69	)		(346	)		(256	)
MSP contracts		-			-			-			-			-			-			-			-
SL contracts or LSFP contracts		-			-			-			-			-			-			-			-
Adjustments to maintain reserves		216			23			17			(9	)		(78	)		(4	)		54			(23	)
Net equity transactions		(688,515	)		(674,877	)		(254,722	)		(1,060,415	)		(1,483,063	)		(8,879,086	)		675,599			817,658
Net change in contract owners’ equity		1,318,670			(546,695	)		(249,579	)		(967,022	)		212,214			(7,383,250	)		898,760			564,676
Contract owners’ equity beginning of period		70,464,503			71,011,198			1,544,166			2,511,188			17,442,134			24,825,384			5,243,130			4,678,454
Contract owners’ equity end of period	$	71,783,173			70,464,503			1,294,587			1,544,166			17,654,348			17,442,134			6,141,890			5,243,130
CHANGES IN UNITS:
Beginning units		5,633,226			5,686,802			125,623			204,209			1,120,259			1,698,415			506,463			430,497
Units purchased		72			358			10,122			19,573			47,871			75,203			191,858			138,452
Units redeemed		(53,219	)		(53,934	)		(32,378	)		(98,159	)		(130,019	)		(653,359	)		(124,218	)		(62,486	)
Ending units		5,580,079			5,633,226			103,367			125,623			1,038,111			1,120,259			574,103			506,463

	AMVNW2					BRVHYI						MLVLC2						MLVGA2
	2016			2015		2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	1,775			-		232,442			50,643			13,389			11,248			101,869			102,280
Realized gain (loss) on investments		(50	)		-		(57,340	)		(26,364	)		(87,939	)		335,732			(25,132	)		(62,239	)
Change in unrealized gain (loss) on investments		3,110			-		351,867			(182,132	)		128,244			(429,169	)		280,171			(657,456	)
Reinvested capital gains		-			-		-			25,185			121,562			104,072			-			530,085
Net increase (decrease) in contract owners’ equity resulting from operations		4,835			-		526,969			(132,668	)		175,256			21,883			356,908			(87,330	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		130			-		70,145			85			350,833			221,265			422,961			486,677
Transfers between funds		378,099			-		839,694			3,364,781			(697,454	)		(913,294	)		(114,065	)		(497,833	)
Surrenders (note 6)		-			-		(157,787	)		-			(131,862	)		(176,386	)		(735,680	)		(588,687	)
Death benefits (note 4)		-			-		-			(2	)		(15,605	)		(255	)		(42,694	)		(17,787	)
Net policy repayments (loans) (note 5)		-			-		(15,523	)		-			87,253			(65,329	)		(46,616	)		(184,746	)
Deductions for surrender charges (note 2d)		-			-		-			-			-			-			(221	)		295
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(903	)		-		(46,995	)		(8,499	)		(32,293	)		(46,064	)		(416,298	)		(425,844	)
Asset charges (note 3):
FPVUL & VEL contracts		-			-		(145	)		-			(18	)		(282	)		(25,548	)		(31,541	)
MSP contracts		-			-		-			-			-			-			(1,072	)		(996	)
SL contracts or LSFP contracts		-			-		-			-			-			-			(4,215	)		(5,203	)
Adjustments to maintain reserves		4			-		(346	)		1,743			20			6			(3	)		(1	)
Net equity transactions		377,330			-		689,043			3,358,108			(439,126	)		(980,339	)		(963,451	)		(1,265,666	)
Net change in contract owners’ equity		382,165			-		1,216,012			3,225,440			(263,870	)		(958,456	)		(606,543	)		(1,352,996	)
Contract owners’ equity beginning of period		-			-		3,724,985			499,545			1,927,425			2,885,881			9,686,094			11,039,090
Contract owners’ equity end of period	$	382,165			-		4,940,997			3,724,985			1,663,555			1,927,425			9,079,551			9,686,094
CHANGES IN UNITS:
Beginning units		-			-		397,942			51,392			97,677			145,570			588,721			665,128
Units purchased		36,871			-		91,744			347,896			23,582			24,503			37,949			36,835
Units redeemed		(88	)		-		(21,518	)		(1,346	)		(44,714	)		(72,396	)		(95,822	)		(113,242	)
Ending units		36,783			-		468,168			397,942			76,545			97,677			530,848			588,721

	CVSPIP						DAVVL						DWVEMS						DWVSVS
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	6,967			(980	)		41,970			17,742			12,638			4,222			73,757			39,076
Realized gain (loss) on investments		43			(25,844	)		(280,753	)		34,305			(118,539	)		(26,217	)		(395,736	)		3,457
Change in unrealized gain (loss) on investments		49,896			10,700			101,850			(394,395	)		345,215			(221,696	)		3,291,330			(2,588,514	)
Reinvested capital gains		6,423			9,344			546,456			394,807			49,432			26,736			1,340,874			1,626,973
Net increase (decrease) in contract owners’ equity resulting from operations		63,329			(6,780	)		409,523			52,459			288,746			(216,955	)		4,310,225			(919,008	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		902,869			31,176			190,399			160,324			668,318			526,550			775,129			1,233,125
Transfers between funds		(805,082	)		94,887			853,256			(506,177	)		208,330			632,664			920,275			(1,489,437	)
Surrenders (note 6)		-			-			(298,484	)		(35,568	)		(68,458	)		(3,306	)		(92,578	)		(354,359	)
Death benefits (note 4)		-			-			-			(9	)		-			(16	)		(56,484	)		(29,778	)
Net policy repayments (loans) (note 5)		(122	)		(4,801	)		11,185			(18,440	)		(1,736	)		(745	)		(21,303	)		61,833
Deductions for surrender charges (note 2d)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(5,294	)		(12,910	)		(43,449	)		(35,584	)		(55,636	)		(37,699	)		(261,510	)		(227,033	)
Asset charges (note 3):
FPVUL & VEL contracts		-			-			(2,290	)		(2,316	)		(52	)		(4	)		(2,067	)		(1,328	)
MSP contracts		-			-			-			-			-			-			-			-
SL contracts or LSFP contracts		-			-			-			-			-			-			-			-
Adjustments to maintain reserves		11			(11	)		10			(10	)		19			1			130			(20	)
Net equity transactions		92,382			108,341			710,627			(437,780	)		750,785			1,117,445			1,261,592			(806,997	)
Net change in contract owners’ equity		155,711			101,561			1,120,150			(385,321	)		1,039,531			900,490			5,571,817			(1,726,005	)
Contract owners’ equity beginning of period		553,494			451,933			2,503,302			2,888,623			2,049,470			1,148,980			13,060,799			14,786,804
Contract owners’ equity end of period	$	709,205			553,494			3,623,452			2,503,302			3,089,001			2,049,470			18,632,616			13,060,799
CHANGES IN UNITS:
Beginning units		49,793			40,910			187,283			219,468			231,836			110,505			980,158			1,035,605
Units purchased		79,246			50,402			84,774			11,992			111,825			125,606			222,896			132,415
Units redeemed		(71,715	)		(41,519	)		(28,847	)		(44,177	)		(35,498	)		(4,275	)		(134,744	)		(187,862	)
Ending units		57,324			49,793			243,210			187,283			308,163			231,836			1,068,310			980,158

	DFVIPS					DFVIS						DFVUTV						DSIF
	2016			2015		2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	65,133			-		19,265			20,110			17,386			24,570			8,442,585			7,194,548
Realized gain (loss) on investments		(17,693	)		-		(23,621	)		(11,293	)		(95,160	)		(16,221	)		27,801,793			29,566,708
Change in unrealized gain (loss) on investments		(169,715	)		-		45,959			(81,358	)		449,548			(316,451	)		(2,033,461	)		(44,641,970	)
Reinvested capital gains		3,543			-		7,368			33,302			75,515			142,051			15,562,830			11,749,112
Net increase (decrease) in contract owners’ equity resulting from operations		(118,732	)		-		48,971			(39,239	)		447,289			(166,051	)		49,773,747			3,868,398
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		64			-		204			(89	)		561			(323	)		17,443,442			15,346,063
Transfers between funds		5,326,807			-		(167,478	)		1,107,002			430,700			2,228,929			10,494,808			16,884,811
Surrenders (note 6)		(79,000	)		-		(14,942	)		(38,599	)		(35,885	)		(78,101	)		(19,212,219	)		(19,087,452	)
Death benefits (note 4)		-			-		(3,584	)		(2,581	)		(7,052	)		(5,227	)		(1,429,110	)		(1,250,584	)
Net policy repayments (loans) (note 5)		-			-		-			-			-			-			(1,236,405	)		(1,532,190	)
Deductions for surrender charges (note 2d)		-			-		-			-			-			-			(2,760	)		(4,481	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(7,380	)		-		(7,602	)		(4,825	)		(15,252	)		(9,663	)		(10,183,708	)		(9,373,668	)
Asset charges (note 3):
FPVUL & VEL contracts		(118	)		-		-			-			-			-			(403,117	)		(435,953	)
MSP contracts		-			-		-			-			-			-			(12,001	)		(12,846	)
SL contracts or LSFP contracts		-			-		-			-			-			-			(67,657	)		(69,819	)
Adjustments to maintain reserves		3			-		8			(4	)		15			(5	)		3,874			214
Net equity transactions		5,240,376			-		(193,394	)		1,060,904			373,087			2,135,610			(4,604,853	)		464,095
Net change in contract owners’ equity		5,121,644			-		(144,423	)		1,021,665			820,376			1,969,559			45,168,894			4,332,493
Contract owners’ equity beginning of period		-			-		1,021,665			-			1,969,559			-			433,286,156			428,953,663
Contract owners’ equity end of period	$	5,121,644			-		877,242			1,021,665			2,789,935			1,969,559			478,455,050			433,286,156
CHANGES IN UNITS:
Beginning units		-			-		105,953			-			215,294			-			19,872,339			19,703,250
Units purchased		529,203			-		-			110,690			29,942			225,046			1,824,459			1,801,373
Units redeemed		(8,773	)		-		(20,138	)		(4,737	)		(5,533	)		(9,752	)		(2,007,820	)		(1,632,284	)
Ending units		520,430			-		85,815			105,953			239,703			215,294			19,688,978			19,872,339

	DSRG						DSGIBA					ETVFR						FTVIS2
	2016			2015			2016			2015		2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	139,570			131,372			-			-		2,312,563			2,153,287			332,764			303,078
Realized gain (loss) on investments		351,441			777,547			17			-		(766,721	)		(253,501	)		(14,949	)		67,282
Change in unrealized gain (loss) on investments		(480,482	)		(2,951,356	)		250			-		4,475,338			(2,614,256	)		583,734			(831,478	)
Reinvested capital gains		1,067,074			1,668,105			-			-		-			-			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		1,077,603			(374,332	)		267			-		6,021,180			(714,470	)		901,549			(461,118	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		636,539			675,825			1,221			-		321,886			283,477			358,376			369,656
Transfers between funds		(60,698	)		(606,819	)		24,921			-		3,397,156			(444,493	)		181,274			125,547
Surrenders (note 6)		(797,863	)		(709,318	)		(1,491	)		-		(537,378	)		(1,210,455	)		(851,720	)		(393,876	)
Death benefits (note 4)		(78,466	)		(252,148	)		-			-		(22,036	)		(34,286	)		(47,471	)		(92,453	)
Net policy repayments (loans) (note 5)		43,420			68,378			3			-		(48,961	)		(650,427	)		459,645			80,105
Deductions for surrender charges (note 2d)		(18	)		(50	)		-			-		-			-			(306	)		(854	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(655,264	)		(678,052	)		(420	)		-		(846,871	)		(776,341	)		(286,935	)		(274,166	)
Asset charges (note 3):
FPVUL & VEL contracts		(45,292	)		(51,543	)		(45	)		-		(612	)		(438	)		(13,997	)		(15,835	)
MSP contracts		(1,295	)		(1,480	)		-			-		-			-			(1,803	)		(1,875	)
SL contracts or LSFP contracts		(1,500	)		(1,683	)		-			-		-			-			(5,832	)		(5,662	)
Adjustments to maintain reserves		1,199			(385	)		1			-		482			(496	)		(5	)		(4	)
Net equity transactions		(959,238	)		(1,557,275	)		24,190			-		2,263,666			(2,833,459	)		(208,774	)		(209,417	)
Net change in contract owners’ equity		118,365			(1,931,607	)		24,457			-		8,284,846			(3,547,929	)		692,775			(670,535	)
Contract owners’ equity beginning of period		11,176,410			13,108,017			-			-		63,451,455			66,999,384			6,040,094			6,710,629
Contract owners’ equity end of period	$	11,294,775			11,176,410			24,457			-		71,736,301			63,451,455			6,732,869			6,040,094
CHANGES IN UNITS:
Beginning units		503,710			579,590			-			-		5,769,523			6,022,601			377,928			390,265
Units purchased		32,508			46,157			2,541			-		419,480			272,465			58,953			44,283
Units redeemed		(74,542	)		(122,037	)		(191	)		-		(192,200	)		(525,543	)		(67,415	)		(56,620	)
Ending units		461,676			503,710			2,350			-		5,996,803			5,769,523			369,466			377,928

	FTVRDI						FTVSVI						FTVSV2						FTVMD2
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	254,151			269,461			97,560			89,263			58,506			46,272			33,634			60,190
Realized gain (loss) on investments		683,137			712,132			433,255			773,780			(1,064,788	)		431,175			(123,269	)		(15,121	)
Change in unrealized gain (loss) on investments		(422,179	)		(3,179,153	)		685,005			(2,976,841	)		2,218,341			(2,843,013	)		166,394			(344,491	)
Reinvested capital gains		1,847,519			1,677,113			1,351,260			1,416,193			1,514,968			1,582,970			165,605			123,517
Net increase (decrease) in contract owners’ equity resulting from operations		2,362,628			(520,447	)		2,567,080			(697,605	)		2,727,027			(782,596	)		242,364			(175,905	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		919,776			1,123,180			359,119			333,206			522,312			559,224			9,773			2,599
Transfers between funds		(423,196	)		279,626			113,757			(589,048	)		826,953			(1,300,846	)		(17,667	)		1,844,305
Surrenders (note 6)		(1,031,914	)		(1,583,797	)		(291,139	)		(756,064	)		(1,752,780	)		(711,121	)		(21,686	)		(11,753	)
Death benefits (note 4)		(81,707	)		(47,815	)		(19,680	)		(29,984	)		(65,758	)		(116,075	)		(7,183	)		-
Net policy repayments (loans) (note 5)		(321,663	)		(110,064	)		(152,948	)		48,443			(21,112	)		25,281			(55,339	)		(624	)
Deductions for surrender charges (note 2d)		(270	)		(619	)		(719	)		(839	)		-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(489,784	)		(479,442	)		(326,604	)		(308,058	)		(117,284	)		(117,723	)		(61,805	)		(43,314	)
Asset charges (note 3):
FPVUL & VEL contracts		(46,876	)		(49,952	)		(27,463	)		(30,096	)		(520	)		(1,210	)		(2,973	)		(2,156	)
MSP contracts		(1,760	)		(1,849	)		(1,522	)		(1,538	)		-			-			-			-
SL contracts or LSFP contracts		(5,838	)		(6,134	)		(3,721	)		(3,867	)		-			-			-			-
Adjustments to maintain reserves		(3	)		4			43			(8	)		56			16			15			(3	)
Net equity transactions		(1,483,235	)		(876,862	)		(350,877	)		(1,337,853	)		(608,133	)		(1,662,454	)		(156,865	)		1,789,054
Net change in contract owners’ equity		879,393			(1,397,309	)		2,216,203			(2,035,458	)		2,118,894			(2,445,050	)		85,499			1,613,149
Contract owners’ equity beginning of period		15,754,609			17,151,918			8,658,290			10,693,748			8,856,820			11,301,870			2,077,541			464,392
Contract owners’ equity end of period	$	16,634,002			15,754,609			10,874,493			8,658,290			10,975,714			8,856,820			2,163,040			2,077,541
CHANGES IN UNITS:
Beginning units		570,589			599,977			255,164			292,511			436,021			512,783			147,343			32,122
Units purchased		25,800			43,397			13,034			11,709			71,307			48,883			7,568			124,909
Units redeemed		(78,509	)		(72,785	)		(22,689	)		(49,056	)		(91,325	)		(125,645	)		(18,059	)		(9,688	)
Ending units		517,880			570,589			245,509			255,164			416,003			436,021			136,852			147,343

	FTVDM2						TIF						TIF2						FTVGI2
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	18,557			60,438			20,892			42,124			428,868			773,732			(2,444	)		906,016
Realized gain (loss) on investments		(200,815	)		(251,045	)		(8,906	)		4,703			(404,491	)		371,073			(885,426	)		(173,148	)
Change in unrealized gain (loss) on investments		534,408			(778,823	)		38,695			(152,028	)		1,173,881			(3,642,164	)		1,061,378			(1,295,522	)
Reinvested capital gains		-			384,881			16,379			39,502			420,475			835,214			8,984			59,042
Net increase (decrease) in contract owners’ equity resulting from operations		352,150			(584,549	)		67,060			(65,699	)		1,618,733			(1,662,145	)		182,492			(503,612	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		238,922			220,824			-			-			460,610			385,096			258,533			268,974
Transfers between funds		(16,791	)		(377,918	)		(11,614	)		(17,299	)		(1,220,733	)		2,068,601			(145,882	)		(1,130,563	)
Surrenders (note 6)		(237,017	)		(154,489	)		(21,485	)		(84,583	)		(388,491	)		(459,477	)		(3,023,335	)		(528,057	)
Death benefits (note 4)		(2,773	)		(6,752	)		-			-			(49,836	)		(314,545	)		(174	)		(112,780	)
Net policy repayments (loans) (note 5)		22,209			(6,995	)		(31,886	)		(13,453	)		(207,587	)		23,513			(11,428	)		(33,945	)
Deductions for surrender charges (note 2d)		(406	)		(487	)		(1	)		-			(200	)		(1,725	)		(160	)		(148	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(95,562	)		(107,323	)		(23,596	)		(27,274	)		(389,648	)		(406,838	)		(420,037	)		(347,783	)
Asset charges (note 3):
FPVUL & VEL contracts		(8,018	)		(9,377	)		(2,551	)		(3,306	)		(13,903	)		(17,288	)		(22,945	)		(26,008	)
MSP contracts		(627	)		(716	)		(483	)		(532	)		(231	)		(257	)		(696	)		(863	)
SL contracts or LSFP contracts		(886	)		(1,199	)		(534	)		(631	)		(2,696	)		(3,089	)		(3,560	)		(3,762	)
Adjustments to maintain reserves		6			(3	)		(14	)		13			125			(33	)		(1	)		(10	)
Net equity transactions		(100,943	)		(444,435	)		(92,164	)		(147,065	)		(1,812,590	)		1,273,958			(3,369,685	)		(1,914,945	)
Net change in contract owners’ equity		251,207			(1,028,984	)		(25,104	)		(212,764	)		(193,857	)		(388,187	)		(3,187,193	)		(2,418,557	)
Contract owners’ equity beginning of period		2,161,899			3,190,883			1,016,000			1,228,764			24,618,620			25,006,807			10,987,604			13,406,161
Contract owners’ equity end of period	$	2,413,106			2,161,899			990,896			1,016,000			24,424,763			24,618,620			7,800,411			10,987,604
CHANGES IN UNITS:
Beginning units		285,175			338,402			42,432			48,081			1,146,428			1,087,231			662,999			774,609
Units purchased		23,196			25,972			-			1			54,562			150,863			22,917			27,295
Units redeemed		(37,330	)		(79,199	)		(3,932	)		(5,650	)		(137,557	)		(91,666	)		(228,154	)		(138,905	)
Ending units		271,041			285,175			38,500			42,432			1,063,433			1,146,428			457,762			662,999

	FTVFA2						FTVGB1						IVKMG1						IVBRA1
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	24,446			21,227			(26,745	)		879,228			(2,421	)		(3,982	)		4,578			26,252
Realized gain (loss) on investments		(2,034	)		(20,790	)		(1,005,312	)		(289,149	)		367,992			493,195			(43,310	)		(5,320	)
Change in unrealized gain (loss) on investments		34,141			(48,744	)		1,472,530			(1,180,828	)		(746,090	)		(808,966	)		110,463			(105,893	)
Reinvested capital gains		20,693			1,161			11,364			56,886			349,893			381,271			-			54,647
Net increase (decrease) in contract owners’ equity resulting from operations		77,246			(47,146	)		451,837			(533,863	)		(30,626	)		61,518			71,731			(30,314	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		39,548			32,418			1,019,936			1,145,793			137,192			201,155			37,280			19,819
Transfers between funds		(15,741	)		3,818			1,302,206			2,146,536			(1,380,268	)		496,502			858,258			271,965
Surrenders (note 6)		(72,468	)		(14,371	)		(1,283,311	)		(1,109,483	)		(232,058	)		(499,996	)		(59,132	)		(9,718	)
Death benefits (note 4)		-			-			(43,580	)		(2,105	)		(28,388	)		(3,491	)		-			-
Net policy repayments (loans) (note 5)		(15,363	)		(20,211	)		(43,694	)		(46,496	)		(29,508	)		(4,917	)		(2,470	)		(12,832	)
Deductions for surrender charges (note 2d)		(180	)		(52	)		-			-			(232	)		(80	)		-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(26,296	)		(27,845	)		(202,394	)		(184,568	)		(110,740	)		(123,824	)		(36,160	)		(13,297	)
Asset charges (note 3):
FPVUL & VEL contracts		(2,422	)		(2,906	)		(2,655	)		(2,186	)		(8,280	)		(9,811	)		(3,538	)		(1,956	)
MSP contracts		(26	)		(53	)		-			-			(314	)		(368	)		-			-
SL contracts or LSFP contracts		(5	)		(6	)		-			-			(1,612	)		(1,944	)		-			-
Adjustments to maintain reserves		5			(9	)		90			(7	)		(7	)		(1	)		(3	)		2
Net equity transactions		(92,948	)		(29,217	)		746,598			1,947,484			(1,654,215	)		53,225			794,235			253,983
Net change in contract owners’ equity		(15,702	)		(76,363	)		1,198,435			1,413,621			(1,684,841	)		114,743			865,966			223,669
Contract owners’ equity beginning of period		664,708			741,071			13,399,403			11,985,782			5,068,137			4,953,394			620,517			396,848
Contract owners’ equity end of period	$	649,006			664,708			14,597,838			13,399,403			3,383,296			5,068,137			1,486,483			620,517
CHANGES IN UNITS:
Beginning units		51,295			53,635			1,372,392			1,178,165			345,418			341,263			62,732			38,475
Units purchased		3,434			2,849			450,652			388,625			10,799			64,472			82,585			28,487
Units redeemed		(10,478	)		(5,189	)		(371,614	)		(194,398	)		(127,620	)		(60,317	)		(10,707	)		(4,230	)
Ending units		44,251			51,295			1,451,430			1,372,392			228,597			345,418			134,610			62,732

	JPMMV1						JPSCE1						JABS						JAMGS
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	103,235			91,758			150			(27	)		487,422			392,997			9,192			-
Realized gain (loss) on investments		84,083			444,429			53			33			371,249			669,691			(8,289	)		-
Change in unrealized gain (loss) on investments		2,027,483			(1,827,990	)		11,963			(109	)		(33,133	)		(1,831,608	)		59,755			-
Reinvested capital gains		866,641			890,570			5,001			-			380,816			806,630			139,121			-
Net increase (decrease) in contract owners’ equity resulting from operations		3,081,442			(401,233	)		17,167			(103	)		1,206,354			37,710			199,779			-
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		1,015,452			1,201,351			36,574			6,725			2,377,201			2,110,919			110,425			-
Transfers between funds		14,317,494			5,373,498			10,226			37,330			1,678,822			551,934			4,664,985			-
Surrenders (note 6)		(330,481	)		(715,916	)		-			-			(2,081,787	)		(1,732,944	)		(23,331	)		-
Death benefits (note 4)		(53,141	)		(15,425	)		-			-			(20,585	)		(116,335	)		(3,506	)		-
Net policy repayments (loans) (note 5)		(57,630	)		94,161			-			-			(28,041	)		48,321			21			-
Deductions for surrender charges (note 2d)		-			-			-			-			(80	)		(68	)		-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(263,554	)		(174,145	)		(2,239	)		(578	)		(556,457	)		(477,470	)		(21,484	)		-
Asset charges (note 3):
FPVUL & VEL contracts		(1,608	)		(1,823	)		-			-			(11,988	)		(13,978	)		(241	)		-
MSP contracts		-			-			-			-			(52	)		(33	)		-			-
SL contracts or LSFP contracts		-			-			-			-			(1,809	)		(1,702	)		-			-
Adjustments to maintain reserves		131			(8	)		8			(1	)		131			9			18			-
Net equity transactions		14,626,663			5,761,693			44,569			43,476			1,355,355			368,653			4,726,887			-
Net change in contract owners’ equity		17,708,105			5,360,460			61,736			43,373			2,561,709			406,363			4,926,666			-
Contract owners’ equity beginning of period		16,060,386			10,699,926			43,373			-			25,570,430			25,164,067			-			-
Contract owners’ equity end of period	$	33,768,491			16,060,386			105,109			43,373			28,132,139			25,570,430			4,926,666			-
CHANGES IN UNITS:
Beginning units		573,578			372,474			4,684			-			947,970			933,751			-			-
Units purchased		573,330			235,274			5,021			4,745			490,409			182,098			522,307			-
Units redeemed		(89,955	)		(34,170	)		(239	)		(61	)		(438,127	)		(167,879	)		(65,095	)		-
Ending units		1,056,953			573,578			9,466			4,684			1,000,252			947,970			457,212			-

	JAFBS						JACAS						JAGTS						JAIGS
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	281,722			183,288			345,523			544,780			8,492			119,287			1,014,708			115,319
Realized gain (loss) on investments		(87,233	)		2,566			(897,545	)		587,908			604,628			1,721,783			(2,062,735	)		(2,781,891	)
Change in unrealized gain (loss) on investments		19,203			(311,186	)		(4,252,129	)		(5,087,638	)		679,227			(3,154,269	)		(967,714	)		(240,479	)
Reinvested capital gains		-			38,354			5,577,646			9,050,213			511,313			2,055,008			580,615			798,169
Net increase (decrease) in contract owners’ equity resulting from operations		213,692			(86,978	)		773,495			5,095,263			1,803,660			741,809			(1,435,126	)		(2,108,882	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		1,118,361			1,087,753			1,944,671			1,895,009			229,576			525,179			963,073			991,026
Transfers between funds		739,105			12,868,588			(1,618,379	)		(2,325,107	)		235,446			(1,127,343	)		(613,083	)		(3,561,288	)
Surrenders (note 6)		(447,095	)		(5,703,917	)		(3,299,119	)		(2,459,036	)		(762,592	)		(708,591	)		(1,173,845	)		(1,984,556	)
Death benefits (note 4)		(4,930	)		(243	)		(224,935	)		(180,685	)		(52,235	)		(94,680	)		(74,585	)		(133,693	)
Net policy repayments (loans) (note 5)		(22,446	)		(14,547	)		42,217			(2,067	)		55,574			(80,090	)		1,057,320			70,004
Deductions for surrender charges (note 2d)		-			-			(2,945	)		(1,440	)		(723	)		(128	)		(1,839	)		(1,175	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(179,492	)		(132,029	)		(1,507,700	)		(1,470,574	)		(485,149	)		(550,541	)		(792,232	)		(889,261	)
Asset charges (note 3):
FPVUL & VEL contracts		(887	)		(475	)		(95,079	)		(102,864	)		(41,223	)		(43,154	)		(52,104	)		(67,369	)
MSP contracts		-			-			(2,708	)		(3,118	)		(884	)		(1,027	)		(2,139	)		(2,716	)
SL contracts or LSFP contracts		-			-			(9,580	)		(9,469	)		2,525			(3,500	)		(5,536	)		(7,068	)
Adjustments to maintain reserves		70			(15	)		63			20			38			10			39			10
Net equity transactions		1,202,686			8,105,115			(4,773,494	)		(4,659,331	)		(819,647	)		(2,083,865	)		(694,931	)		(5,586,086	)
Net change in contract owners’ equity		1,416,378			8,018,137			(3,999,999	)		435,932			984,013			(1,342,056	)		(2,130,057	)		(7,694,968	)
Contract owners’ equity beginning of period		12,417,813			4,399,676			45,096,682			44,660,750			14,007,986			15,350,042			21,561,467			29,256,435
Contract owners’ equity end of period	$	13,834,191			12,417,813			41,096,683			45,096,682			14,991,999			14,007,986			19,431,410			21,561,467
CHANGES IN UNITS:
Beginning units		1,234,000			435,927			2,232,703			2,473,108			1,452,572			1,666,220			1,556,610			1,927,784
Units purchased		397,862			1,379,110			101,902			121,359			132,104			207,499			165,120			104,627
Units redeemed		(284,232	)		(581,037	)		(338,506	)		(361,764	)		(216,952	)		(421,147	)		(214,962	)		(475,801	)
Ending units		1,347,630			1,234,000			1,996,099			2,232,703			1,367,724			1,452,572			1,506,768			1,556,610

	JAMVS						LZREMS						LOVBD						LOVMCV
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	11,267			17,362			252,812			284,940			105,903			12,564			311			(580	)
Realized gain (loss) on investments		(259,699	)		(35,634	)		(1,702,967	)		(526,065	)		(2,539	)		970			(430	)		264,419
Change in unrealized gain (loss) on investments		305,306			(265,831	)		7,204,148			(5,757,125	)		239,149			(23,178	)		10,809			(249,505	)
Reinvested capital gains		240,070			205,362			-			71,651			-			438			6,385			6,367
Net increase (decrease) in contract owners’ equity resulting from operations		296,944			(78,741	)		5,753,993			(5,926,599	)		342,513			(9,206	)		17,075			20,701
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		21,889			33,750			1,236,136			1,613,604			18,883			19,442			102			98,328
Transfers between funds		(440,468	)		191,094			182,138			5,306,843			2,068,869			305,417			11,578			(1,087,833	)
Surrenders (note 6)		(428,848	)		(20,238	)		(1,978,714	)		(1,284,197	)		(33,895	)		(5,624	)		(1,016	)		(45,090	)
Death benefits (note 4)		-			(18,598	)		(69,218	)		(90,473	)		(163,567	)		(12	)		(8,330	)		(4,829	)
Net policy repayments (loans) (note 5)		26,699			(35,753	)		(5,919	)		(8,454	)		(1	)		-			59			30,754
Deductions for surrender charges (note 2d)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(32,715	)		(34,980	)		(343,952	)		(312,628	)		(20,618	)		(3,784	)		(1,366	)		(13,092	)
Asset charges (note 3):
FPVUL & VEL contracts		(226	)		(183	)		(1,649	)		(1,608	)		-			-			(18	)		(20	)
MSP contracts		-			-			-			-			-			-			-			-
SL contracts or LSFP contracts		-			-			-			-			-			-			-			-
Adjustments to maintain reserves		109			(44	)		273			(89	)		28			(4	)		(5	)		(6	)
Net equity transactions		(853,560	)		115,048			(980,905	)		5,222,998			1,869,699			315,435			1,004			(1,021,788	)
Net change in contract owners’ equity		(556,616	)		36,307			4,773,088			(703,601	)		2,212,212			306,229			18,079			(1,001,087	)
Contract owners’ equity beginning of period		1,988,712			1,952,405			26,233,081			26,936,682			306,229			-			100,210			1,101,297
Contract owners’ equity end of period	$	1,432,096			1,988,712			31,006,169			26,233,081			2,518,441			306,229			118,289			100,210
CHANGES IN UNITS:
Beginning units		135,681			128,064			3,088,800			2,531,668			30,871			-			5,441			57,274
Units purchased		17,164			15,444			363,097			726,121			216,642			31,792			639			5,140
Units redeemed		(70,478	)		(7,827	)		(423,652	)		(168,989	)		(20,522	)		(921	)		(547	)		(56,973	)
Ending units		82,367			135,681			3,028,245			3,088,800			226,991			30,871			5,533			5,441

	LOVTRC						LOVSDC					MVBRES						MV2IGI
	2016			2015			2016			2015		2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	281,316			174,278			295,157			-		7,571			6,234			17,384			16,130
Realized gain (loss) on investments		2,501			(494	)		1,360			-		(46,203	)		(25,354	)		(45,205	)		(28,691	)
Change in unrealized gain (loss) on investments		(67,178	)		(216,048	)		(294,797	)		-		18,562			(32,654	)		(135,306	)		(223,180	)
Reinvested capital gains		43,581			648			-			-		78,664			40,193			335,460			189,434
Net increase (decrease) in contract owners’ equity resulting from operations		260,220			(41,616	)		1,720			-		58,594			(11,581	)		172,333			(46,307	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		401,935			39,908			91,828			-		43,134			1,125			102,921			92,653
Transfers between funds		4,121,728			6,894,209			11,989,304			-		(232,876	)		922,827			21,209			3,305,041
Surrenders (note 6)		(14,700	)		-			(71,244	)		-		-			(82,601	)		(255,074	)		(293,265	)
Death benefits (note 4)		-			-			(1,219	)		-		-			-			(2,295	)		(13,332	)
Net policy repayments (loans) (note 5)		(11,228	)		(39,754	)		-			-		(2,882	)		(3,467	)		1,781			3,076
Deductions for surrender charges (note 2d)		-			-			-			-		-			-			(244	)		(35	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(129,414	)		(21,669	)		(29,649	)		-		(13,110	)		(5,137	)		(126,044	)		(100,784	)
Asset charges (note 3):
FPVUL & VEL contracts		(1,448	)		(135	)		-			-		-			(49	)		(12,214	)		(10,435	)
MSP contracts		-			-			-			-		-			-			(63	)		(61	)
SL contracts or LSFP contracts		-			-			-			-		-			-			(578	)		(438	)
Adjustments to maintain reserves		10			12			33			-		3			(2	)		1			-
Net equity transactions		4,366,883			6,872,571			11,979,053			-		(205,731	)		832,696			(270,600	)		2,982,420
Net change in contract owners’ equity		4,627,103			6,830,955			11,980,773			-		(147,137	)		821,115			(98,267	)		2,936,113
Contract owners’ equity beginning of period		6,830,955			-			-			-		821,115			-			2,936,113			-
Contract owners’ equity end of period	$	11,458,058			6,830,955			11,980,773			-		673,978			821,115			2,837,846			2,936,113
CHANGES IN UNITS:
Beginning units		696,348			-			-			-		74,067			-			297,791			-
Units purchased		445,431			702,580			1,195,736			-		3,656			82,116			17,534			329,321
Units redeemed		(19,253	)		(6,232	)		(14,317	)		-		(21,376	)		(8,049	)		(43,985	)		(31,530	)
Ending units		1,122,526			696,348			1,181,419			-		56,347			74,067			271,340			297,791

	MV2RIS						MNDIC						MNDSC						MVFIC
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	28,917			49,361			-			-			(256	)		(1,229	)		231,520			227,749
Realized gain (loss) on investments		(38,030	)		(7,975	)		(53,719	)		(29,785	)		(49,918	)		(161,597	)		386,332			600,394
Change in unrealized gain (loss) on investments		(24,100	)		(329,223	)		63,817			13,815			35,371			152,204			(78,359	)		(1,472,583	)
Reinvested capital gains		-			25,635			14,797			13,818			4,306			17,138			894,276			571,554
Net increase (decrease) in contract owners’ equity resulting from operations		(33,213	)		(262,202	)		24,895			(2,152	)		(10,497	)		6,516			1,433,769			(72,886	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		18,590			14,415			15,770			25,564			15,596			158,203			378,639			334,527
Transfers between funds		(169,997	)		3,185,834			(44,392	)		(110,267	)		(276,357	)		(837,747	)		1,265,114			827,531
Surrenders (note 6)		(6,028	)		(21,313	)		(32,569	)		(23,515	)		-			(35,937	)		(459,490	)		(811,033	)
Death benefits (note 4)		(19	)		(41,733	)		-			(4,269	)		(9,639	)		(8,714	)		(47,684	)		(80,274	)
Net policy repayments (loans) (note 5)		(3,900	)		(1,522	)		(15,500	)		8,650			7,430			(6,582	)		(62,065	)		18,231
Deductions for surrender charges (note 2d)		-			-			-			-			-			-			(451	)		(308	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(43,291	)		(36,028	)		(15,417	)		(19,715	)		(3,730	)		(14,654	)		(372,390	)		(308,692	)
Asset charges (note 3):
FPVUL & VEL contracts		(26	)		(138	)		(1,221	)		(1,721	)		(26	)		(14	)		(23,835	)		(24,111	)
MSP contracts		-			-			-			-			-			-			(1,025	)		(1,102	)
SL contracts or LSFP contracts		-			-			-			-			-			-			(9,092	)		(7,556	)
Adjustments to maintain reserves		24			(12	)		(2	)		(2	)		(13	)		6			1			25
Net equity transactions		(204,647	)		3,099,503			(93,331	)		(125,275	)		(266,739	)		(745,439	)		667,722			(52,762	)
Net change in contract owners’ equity		(237,860	)		2,837,301			(68,436	)		(127,427	)		(277,236	)		(738,923	)		2,101,491			(125,648	)
Contract owners’ equity beginning of period		2,837,301			-			406,846			534,273			356,357			1,095,280			9,890,222			10,015,870
Contract owners’ equity end of period	$	2,599,441			2,837,301			338,410			406,846			79,121			356,357			11,991,713			9,890,222
CHANGES IN UNITS:
Beginning units		310,021			-			30,567			39,384			27,229			81,742			313,122			314,764
Units purchased		3,115			320,363			1,295			3,212			1,137			12,670			48,654			37,529
Units redeemed		(25,750	)		(10,342	)		(8,547	)		(12,029	)		(22,788	)		(67,183	)		(29,005	)		(39,171	)
Ending units		287,386			310,021			23,315			30,567			5,578			27,229			332,771			313,122

	MVFSC						MVIVSC						MSVFI						MSEM
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	965,504			553,861			760,414			1,165,332			39,727			58,377			1,948,214			1,855,470
Realized gain (loss) on investments		1,359,038			2,356,957			3,141,015			3,129,919			20,892			24,278			(870,142	)		(253,777	)
Change in unrealized gain (loss) on investments		592,887			(4,929,014	)		(2,785,489	)		(1,337,403	)		40,199			(94,256	)		2,499,907			(1,929,212	)
Reinvested capital gains		4,787,257			1,733,837			1,871,728			753,330			-			-			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		7,704,686			(284,359	)		2,987,668			3,711,178			100,818			(11,601	)		3,577,979			(327,519	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		3,231,149			2,262,626			2,891,566			2,525,979			76,273			111,355			392,831			453,468
Transfers between funds		19,810,427			10,197,209			8,379,773			12,401,044			423,797			6,337			(14,717,441	)		(4,396,260	)
Surrenders (note 6)		(1,208,825	)		(3,106,364	)		(5,600,892	)		(3,251,179	)		(70,011	)		(68,219	)		(276,075	)		(193,165	)
Death benefits (note 4)		(131,428	)		(300,145	)		(218,049	)		(159,584	)		(635	)		(61,594	)		(16,124	)		(15,782	)
Net policy repayments (loans) (note 5)		53,185			84,318			(40,637	)		(28,603	)		(12,792	)		(219	)		(44,850	)		14,255
Deductions for surrender charges (note 2d)		-			-			-			-			(165	)		(642	)		(27	)		(23	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(726,032	)		(433,068	)		(972,870	)		(827,966	)		(113,851	)		(77,279	)		(426,544	)		(469,537	)
Asset charges (note 3):
FPVUL & VEL contracts		(7,436	)		(5,268	)		(3,867	)		(3,785	)		(6,861	)		(7,267	)		(13,749	)		(14,296	)
MSP contracts		-			-			-			-			(523	)		(531	)		(233	)		(249	)
SL contracts or LSFP contracts		-			-			-			-			(1,093	)		(651	)		(930	)		(986	)
Adjustments to maintain reserves		324			6			543			(27	)		(8	)		5			82			(25	)
Net equity transactions		21,021,364			8,699,314			4,435,567			10,655,879			294,131			(98,705	)		(15,103,060	)		(4,622,600	)
Net change in contract owners’ equity		28,726,050			8,414,955			7,423,235			14,367,057			394,949			(110,306	)		(11,525,081	)		(4,950,119	)
Contract owners’ equity beginning of period		36,194,371			27,779,416			74,992,713			60,625,656			1,607,721			1,718,027			33,218,941			38,169,060
Contract owners’ equity end of period	$	64,920,421			36,194,371			82,415,948			74,992,713			2,002,670			1,607,721			21,693,860			33,218,941
CHANGES IN UNITS:
Beginning units		2,395,774			1,817,807			3,393,304			2,912,540			101,355			107,604			826,783			955,142
Units purchased		1,683,336			840,716			604,787			630,035			31,361			9,074			22,258			20,725
Units redeemed		(292,883	)		(262,749	)		(399,725	)		(149,271	)		(13,733	)		(15,323	)		(342,008	)		(149,084	)
Ending units		3,786,227			2,395,774			3,598,366			3,393,304			118,983			101,355			507,033			826,783

	VKVGR2						MSVMG						MSVEG						MSVRE
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	62,659			102,500			(15,593	)		(25,778	)		(3,172	)		(2,889	)		223,274			228,173
Realized gain (loss) on investments		178,466			137,343			(1,835,295	)		404,517			7,923			77,818			2,089,195			1,866,918
Change in unrealized gain (loss) on investments		(57,078	)		(327,136	)		825,277			(2,908,765	)		(270,212	)		(109,131	)		(1,046,284	)		(1,665,444	)
Reinvested capital gains		-			-			329,968			1,892,001			251,337			175,597			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		184,047			(87,293	)		(695,643	)		(638,025	)		(14,124	)		141,395			1,266,185			429,647
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		384,977			593,798			110,401			124,487			2,621			17,433			206,868			295,882
Transfers between funds		(574,458	)		330,956			(2,080,063	)		(2,952,517	)		307,430			47,951			(2,294,347	)		2,426,423
Surrenders (note 6)		(368,395	)		(226,675	)		(866,279	)		(353,724	)		(15,917	)		(39,662	)		(1,017,885	)		(2,961,280	)
Death benefits (note 4)		(3,247	)		(8,033	)		(97,259	)		(64,622	)		-			(1,287	)		-			(166,071	)
Net policy repayments (loans) (note 5)		59,364			(47,412	)		50,796			(22,686	)		(8,411	)		(6,922	)		(33,589	)		80,404
Deductions for surrender charges (note 2d)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(82,289	)		(81,105	)		(84,743	)		(139,145	)		(59,738	)		(49,153	)		(192,379	)		(200,326	)
Asset charges (note 3):
FPVUL & VEL contracts		(535	)		(575	)		(521	)		(704	)		(445	)		(341	)		42			1
MSP contracts		-			-			-			-			-			-			-			-
SL contracts or LSFP contracts		-			-			-			-			-			-			-			-
Adjustments to maintain reserves		43			(60	)		9			(59	)		15			(5	)		189			87
Net equity transactions		(584,540	)		560,894			(2,967,659	)		(3,408,970	)		225,555			(31,986	)		(3,331,101	)		(524,880	)
Net change in contract owners’ equity		(400,493	)		473,601			(3,663,302	)		(4,046,995	)		211,431			109,409			(2,064,916	)		(95,233	)
Contract owners’ equity beginning of period		5,270,760			4,797,159			9,220,353			13,267,348			1,390,107			1,280,698			20,329,045			20,424,278
Contract owners’ equity end of period	$	4,870,267			5,270,760			5,557,051			9,220,353			1,601,538			1,390,107			18,264,129			20,329,045
CHANGES IN UNITS:
Beginning units		471,131			421,696			561,751			758,843			69,285			71,574			402,965			417,956
Units purchased		179,301			82,705			6,899			33,092			18,681			5,534			16,927			62,678
Units redeemed		(227,833	)		(33,270	)		(195,984	)		(230,184	)		(6,668	)		(7,823	)		(81,398	)		(77,669	)
Ending units		422,599			471,131			372,666			561,751			81,298			69,285			338,494			402,965

	IDPGI						IDPG						NCPGI					NCPG
	2016			2015			2016			2015			2016			2015		2016			2015
Investment activity:
Net investment income (loss)	$	15			-			56			821			14			-		1,603			580
Realized gain (loss) on investments		-			-			(1,347	)		(41	)		70			-		(1,431	)		(141	)
Change in unrealized gain (loss) on investments		(21	)		-			3,568			(3,568	)		(21	)		-		3,247			(2,468	)
Reinvested capital gains		-			-			-			-			-			-		-			-
Net increase (decrease) in contract owners’ equity resulting from operations		(6	)		-			2,277			(2,788	)		63			-		3,419			(2,029	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		2			23			-			-			230			-		1,927			1,768
Transfers between funds		812			-			(43,826	)		46,968			678			-		2,235			3,972
Surrenders (note 6)		-			-			-			-			-			-		-			-
Death benefits (note 4)		-			-			-			-			-			-		-			-
Net policy repayments (loans) (note 5)		-			-			-			-			-			-		(1	)		-
Deductions for surrender charges (note 2d)		-			-			-			-			-			-		-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(7	)		(24	)		(1,321	)		(1,120	)		(162	)		-		(3,369	)		(2,442	)
Asset charges (note 3):
FPVUL & VEL contracts		-			-			(79	)		(110	)		(6	)		-		(296	)		(246	)
MSP contracts		-			-			-			-			-			-		-			-
SL contracts or LSFP contracts		-			-			-			-			-			-		-			-
Adjustments to maintain reserves		5			(9	)		(3	)		2			1			-		(3	)		(3	)
Net equity transactions		812			(10	)		(45,229	)		45,740			741			-		493			3,049
Net change in contract owners’ equity		806			(10	)		(42,952	)		42,952			804			-		3,912			1,020
Contract owners’ equity beginning of period		-			10			42,952			-			-			-		44,339			43,319
Contract owners’ equity end of period	$	806			-			-			42,952			804			-		48,251			44,339
CHANGES IN UNITS:
Beginning units		-			1			4,397			-			-			-		4,610			4,296
Units purchased		78			2			-			4,519			102			-		484			581
Units redeemed		(1	)		(3	)		(4,397	)		(122	)		(24	)		-		(379	)		(267	)
Ending units		77			-			-			4,397			78			-		4,715			4,610

	NVBX						NVIX						NVAMV1						GVAAA2
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	2,095,416			1,636,597			663,001			481,793			899,308			920,371			172,460			117,552
Realized gain (loss) on investments		(114,780	)		(23,044	)		(1,009,193	)		(326,095	)		348,874			797,905			549,210			359,686
Change in unrealized gain (loss) on investments		(311,640	)		(3,064,290	)		737,391			(335,354	)		2,121,293			(8,168,940	)		(492,088	)		(736,288	)
Reinvested capital gains		207,636			955,281			-			-			3,723,802			4,779,006			546,241			364,806
Net increase (decrease) in contract owners’ equity resulting from operations		1,876,632			(495,456	)		391,199			(179,656	)		7,093,277			(1,671,658	)		775,823			105,756
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		148,823			1,114,871			806,057			722,863			1,464,014			1,583,758			360,560			346,026
Transfers between funds		4,245,156			37,797,410			6,174,183			9,584,491			247,637			(455,764	)		323,836			1,138,220
Surrenders (note 6)		(1,387,403	)		(16,111	)		(1,377,368	)		(450,369	)		(1,933,684	)		(2,241,776	)		(436,352	)		(586,368	)
Death benefits (note 4)		(187,056	)		-			(41,354	)		(92,138	)		(149,913	)		(213,106	)		-			(80,268	)
Net policy repayments (loans) (note 5)		(43,938	)		(33	)		(136,400	)		(521,234	)		(202,165	)		36,591			(11,770	)		(18,881	)
Deductions for surrender charges (note 2d)		-			-			-			-			(1,687	)		(1,335	)		(1,041	)		(163	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(1,302,722	)		(955,872	)		(358,301	)		(286,001	)		(1,522,502	)		(1,472,017	)		(340,128	)		(303,689	)
Asset charges (note 3):
FPVUL & VEL contracts		(15,544	)		(6,924	)		(6,019	)		(5,828	)		(123,355	)		(132,092	)		(25,452	)		(24,378	)
MSP contracts		-			-			-			-			(6,042	)		(6,096	)		(5,852	)		(5,856	)
SL contracts or LSFP contracts		-			-			-			-			(14,292	)		(14,876	)		(9,024	)		(8,178	)
Adjustments to maintain reserves		457			19			138			(6	)		15			20			11			(4	)
Net equity transactions		1,457,773			37,933,360			5,060,936			8,951,778			(2,241,974	)		(2,916,693	)		(145,212	)		456,461
Net change in contract owners’ equity		3,334,405			37,437,904			5,452,135			8,772,122			4,851,303			(4,588,351	)		630,611			562,217
Contract owners’ equity beginning of period		95,391,912			57,954,008			20,212,790			11,440,668			36,335,010			40,923,361			8,632,339			8,070,122
Contract owners’ equity end of period	$	98,726,317			95,391,912			25,664,925			20,212,790			41,186,313			36,335,010			9,262,950			8,632,339
CHANGES IN UNITS:
Beginning units		9,294,873			5,645,631			2,225,659			1,245,179			1,546,350			1,667,165			519,808			490,736
Units purchased		365,216			3,744,487			865,879			1,156,774			72,517			78,350			53,624			95,916
Units redeemed		(236,711	)		(95,245	)		(285,881	)		(176,294	)		(163,502	)		(199,165	)		(61,703	)		(66,844	)
Ending units		9,423,378			9,294,873			2,805,657			2,225,659			1,455,365			1,546,350			511,729			519,808

	GVABD2						GVAGG2						GVAGR2						GVAGI2
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	36,167			20,782			106,999			50,419			21,216			68,120			33,651			26,525
Realized gain (loss) on investments		38,312			11,121			218,075			215,150			459,935			622,304			216,152			242,222
Change in unrealized gain (loss) on investments		(31,601	)		(35,615	)		(1,024,820	)		(564,797	)		(1,621,539	)		(338,258	)		(321,435	)		(441,408	)
Reinvested capital gains		4,994			638			683,147			699,828			1,979,469			250,621			400,303			214,130
Net increase (decrease) in contract owners’ equity resulting from operations		47,872			(3,074	)		(16,599	)		400,600			839,081			602,787			328,671			41,469
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		83,662			96,702			341,622			452,574			371,254			396,791			156,561			109,970
Transfers between funds		27,616			45,031			(89,150	)		1,290,083			(545,913	)		(252,626	)		176,428			(106,808	)
Surrenders (note 6)		(170,862	)		(74,558	)		(496,395	)		(424,295	)		(279,291	)		(506,271	)		(270,016	)		(255,965	)
Death benefits (note 4)		(2,649	)		(15,049	)		(76,529	)		(62,013	)		(1,704	)		(109,468	)		(7,167	)		(10,513	)
Net policy repayments (loans) (note 5)		725			10,283			6,389			(42,336	)		167,704			43,577			792			(25,952	)
Deductions for surrender charges (note 2d)		(284	)		-			(723	)		(259	)		(737	)		(1,858	)		(527	)		(1,154	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(105,553	)		(97,339	)		(238,363	)		(224,435	)		(291,667	)		(290,375	)		(87,098	)		(85,008	)
Asset charges (note 3):
FPVUL & VEL contracts		(4,727	)		(5,061	)		(19,868	)		(21,384	)		(25,391	)		(27,597	)		(7,101	)		(7,830	)
MSP contracts		(650	)		(710	)		(1,129	)		(1,386	)		(1,959	)		(1,999	)		(1,449	)		(1,385	)
SL contracts or LSFP contracts		(1,773	)		(1,651	)		(3,394	)		(3,227	)		(5,334	)		(5,220	)		(1,598	)		(1,640	)
Adjustments to maintain reserves		(1	)		2			(2	)		3			(17	)		(12	)		(10	)		7
Net equity transactions		(174,496	)		(42,350	)		(577,542	)		963,325			(613,055	)		(755,058	)		(41,185	)		(386,278	)
Net change in contract owners’ equity		(126,624	)		(45,424	)		(594,141	)		1,363,925			226,026			(152,271	)		287,486			(344,809	)
Contract owners’ equity beginning of period		1,499,841			1,545,265			7,898,072			6,534,147			9,541,628			9,693,899			2,990,282			3,335,091
Contract owners’ equity end of period	$	1,373,217			1,499,841			7,303,931			7,898,072			9,767,654			9,541,628			3,277,768			2,990,282
CHANGES IN UNITS:
Beginning units		113,914			117,093			426,191			375,662			539,000			582,797			198,459			223,749
Units purchased		10,133			9,353			25,660			87,990			35,097			30,465			12,369			9,549
Units redeemed		(22,443	)		(12,532	)		(58,456	)		(37,461	)		(68,181	)		(74,262	)		(15,000	)		(34,839	)
Ending units		101,604			113,914			393,395			426,191			505,916			539,000			195,828			198,459

	HIBF						GEM						GIG						NVIE6
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	1,196,876			1,110,809			87,265			101,484			347,532			85,171			3,624			575
Realized gain (loss) on investments		(443,818	)		(322,084	)		(467,161	)		(20,731	)		(592,988	)		335,160			1,835			12,875
Change in unrealized gain (loss) on investments		1,967,467			(1,573,157	)		1,197,795			(2,228,621	)		338,926			(1,973,168	)		(4,487	)		(27,123	)
Reinvested capital gains		-			201,950			-			-			-			715,461			-			8,061
Net increase (decrease) in contract owners’ equity resulting from operations		2,720,525			(582,482	)		817,899			(2,147,868	)		93,470			(837,376	)		972			(5,612	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		444,134			540,486			487,838			627,076			625,986			866,134			-			-
Transfers between funds		89,265			334,386			767,447			(413,298	)		(1,137,075	)		4,286,531			(2,433	)		(30,070	)
Surrenders (note 6)		(435,487	)		(533,878	)		(753,593	)		(492,012	)		(453,967	)		(1,470,726	)		-			(369	)
Death benefits (note 4)		(21,830	)		(246,592	)		(35,683	)		(25,016	)		(16,130	)		(153,795	)		-			-
Net policy repayments (loans) (note 5)		(138,104	)		8,701			28,578			91,545			(99,360	)		84,695			(822	)		(8,875	)
Deductions for surrender charges (note 2d)		(688	)		(613	)		(976	)		(1,231	)		-			(1,279	)		-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(601,411	)		(612,975	)		(383,311	)		(394,402	)		(419,203	)		(436,243	)		(5,013	)		(5,605	)
Asset charges (note 3):
FPVUL & VEL contracts		(34,408	)		(38,021	)		(21,675	)		(25,380	)		(25,526	)		(30,393	)		(332	)		(395	)
MSP contracts		(1,898	)		(2,034	)		(5,256	)		(5,878	)		(1,300	)		(1,429	)		-			-
SL contracts or LSFP contracts		(6,713	)		(7,017	)		(3,901	)		(4,045	)		(3,940	)		(3,910	)		(540	)		(747	)
Adjustments to maintain reserves		177			(33	)		58			(124	)		27			(40	)		6			-
Net equity transactions		(706,963	)		(557,590	)		79,526			(642,765	)		(1,530,488	)		3,139,545			(9,134	)		(46,061	)
Net change in contract owners’ equity		2,013,562			(1,140,072	)		897,425			(2,790,633	)		(1,437,018	)		2,302,169			(8,162	)		(51,673	)
Contract owners’ equity beginning of period		20,149,457			21,289,529			11,336,532			14,127,165			18,048,434			15,746,265			195,933			247,606
Contract owners’ equity end of period	$	22,163,019			20,149,457			12,233,957			11,336,532			16,611,416			18,048,434			187,771			195,933
CHANGES IN UNITS:
Beginning units		792,106			816,154			532,848			557,428			1,135,892			960,722			20,759			25,389
Units purchased		37,899			104,690			66,419			38,459			84,672			310,041			1			-
Units redeemed		(65,636	)		(128,738	)		(65,268	)		(63,039	)		(184,217	)		(134,871	)		(991	)		(4,630	)
Ending units		764,369			792,106			533,999			532,848			1,036,347			1,135,892			19,769			20,759

	NVNMO1						NVNSR1						NVCRA1						NVCRB1
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	119,416			121,719			1,983			2,461			84,549			94,921			4,634,957			4,578,317
Realized gain (loss) on investments		205,302			421,357			(11,232	)		7,480			(308,425	)		262,450			269,250			460,379
Change in unrealized gain (loss) on investments		871,200			(2,058,459	)		4,646			(60,802	)		211,953			(659,139	)		(2,720,352	)		(13,401,114	)
Reinvested capital gains		721,745			1,364,862			25,658			51,609			261,329			265,482			8,289,013			6,327,978
Net increase (decrease) in contract owners’ equity resulting from operations		1,917,663			(150,521	)		21,055			748			249,406			(36,286	)		10,472,868			(2,034,440	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		548,695			573,152			13,015			14,989			847,975			899,864			1,304,236			1,083,952
Transfers between funds		(320,075	)		(353,784	)		(11,410	)		(38,898	)		(179,792	)		(567,694	)		342,117			1,602,695
Surrenders (note 6)		(659,158	)		(1,137,217	)		(31,333	)		(28,912	)		(232,884	)		(152,826	)		(117,595	)		(36,728	)
Death benefits (note 4)		(86,049	)		(261,990	)		-			(305	)		(2,634	)		(10,401	)		(25,228	)		(42,177	)
Net policy repayments (loans) (note 5)		130,197			225,402			(263	)		(3,598	)		(182,394	)		(489,258	)		(653,670	)		(807,557	)
Deductions for surrender charges (note 2d)		(283	)		(167	)		-			(33	)		(22	)		(61	)		-			(12	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(630,675	)		(644,929	)		(13,358	)		(14,193	)		(186,045	)		(197,084	)		(1,989,216	)		(1,846,915	)
Asset charges (note 3):
FPVUL & VEL contracts		(46,516	)		(51,966	)		(719	)		(958	)		(8,822	)		(10,040	)		(19,131	)		(17,852	)
MSP contracts		(1,607	)		(1,777	)		(28	)		(28	)		(236	)		(246	)		(323	)		(331	)
SL contracts or LSFP contracts		(3,320	)		(3,717	)		(128	)		(181	)		(180	)		(89	)		(845	)		(854	)
Adjustments to maintain reserves		(15	)		3			(5	)		(2	)		(3	)		8			446			(13	)
Net equity transactions		(1,068,806	)		(1,656,990	)		(44,229	)		(72,119	)		54,963			(527,827	)		(1,159,209	)		(65,792	)
Net change in contract owners’ equity		848,857			(1,807,511	)		(23,174	)		(71,371	)		304,369			(564,113	)		9,313,659			(2,100,232	)
Contract owners’ equity beginning of period		14,986,341			16,793,852			277,452			348,823			3,598,068			4,162,181			170,635,089			172,735,321
Contract owners’ equity end of period	$	15,835,198			14,986,341			254,278			277,452			3,902,437			3,598,068			179,948,748			170,635,089
CHANGES IN UNITS:
Beginning units		1,043,310			1,156,523			16,728			20,963			257,344			294,102			10,232,948			10,224,638
Units purchased		46,450			47,165			1,429			1,458			64,162			70,425			150,628			205,282
Units redeemed		(119,347	)		(160,378	)		(4,234	)		(5,693	)		(64,146	)		(107,183	)		(217,201	)		(196,972	)
Ending units		970,413			1,043,310			13,923			16,728			257,360			257,344			10,166,375			10,232,948

	NVCCA1						NVCCN1						NVCMD1						NVCMA1
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	165,184			176,683			99,483			88,221			188,889			212,526			179,825			227,043
Realized gain (loss) on investments		(237,194	)		418,112			(152,686	)		(28,414	)		70,627			244,372			(37,099	)		157,741
Change in unrealized gain (loss) on investments		22,595			(994,295	)		126,724			(178,676	)		(259,020	)		(945,306	)		(204,134	)		(1,211,324	)
Reinvested capital gains		433,816			374,005			97,910			116,071			459,457			418,690			560,402			704,360
Net increase (decrease) in contract owners’ equity resulting from operations		384,401			(25,495	)		171,431			(2,798	)		459,953			(69,718	)		498,994			(122,180	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		961,973			1,135,786			648,919			824,546			540,910			526,365			279,590			411,082
Transfers between funds		361,339			(1,082,452	)		(311,022	)		(1,131,364	)		(364,884	)		(19,785	)		(117,539	)		(3,579	)
Surrenders (note 6)		(349,317	)		(155,433	)		(12,504	)		(326,280	)		(602,041	)		(444,109	)		(488,056	)		(423,643	)
Death benefits (note 4)		(6,414	)		(154,515	)		(181,344	)		(32,074	)		132			(214,516	)		-			-
Net policy repayments (loans) (note 5)		(589,196	)		(709,251	)		(237,839	)		(462,179	)		258,750			(405	)		305,450			(203,684	)
Deductions for surrender charges (note 2d)		(8,921	)		(13	)		-			-			(1,220	)		(622	)		(1,380	)		(631	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(338,427	)		(282,398	)		(220,768	)		(225,824	)		(205,496	)		(317,909	)		(188,632	)		(196,076	)
Asset charges (note 3):
FPVUL & VEL contracts		(16,619	)		(16,233	)		(8,764	)		(10,925	)		(15,144	)		(16,496	)		(17,980	)		(19,012	)
MSP contracts		(447	)		(458	)		(325	)		(327	)		(2,454	)		(2,678	)		(3,933	)		(4,185	)
SL contracts or LSFP contracts		(385	)		(1,112	)		(183	)		(203	)		(5,188	)		(5,569	)		(4,324	)		(5,802	)
Adjustments to maintain reserves		(8	)		15			(6	)		8			-			(9	)		(9	)		9
Net equity transactions		13,578			(1,266,064	)		(323,836	)		(1,364,622	)		(396,635	)		(495,733	)		(236,813	)		(445,521	)
Net change in contract owners’ equity		397,979			(1,291,559	)		(152,405	)		(1,367,420	)		63,318			(565,451	)		262,181			(567,701	)
Contract owners’ equity beginning of period		5,863,151			7,154,710			4,132,995			5,500,415			6,859,396			7,424,847			6,554,672			7,122,373
Contract owners’ equity end of period	$	6,261,130			5,863,151			3,980,590			4,132,995			6,922,714			6,859,396			6,816,853			6,554,672
CHANGES IN UNITS:
Beginning units		413,648			502,308			315,786			418,416			490,108			527,052			465,467			500,786
Units purchased		105,129			88,126			59,297			73,080			48,141			55,092			27,618			63,245
Units redeemed		(103,850	)		(176,786	)		(84,982	)		(175,710	)		(75,079	)		(92,036	)		(44,761	)		(98,564	)
Ending units		414,927			413,648			290,101			315,786			463,170			490,108			448,324			465,467

	NVCMC1						NVCBD1						NVLCP1						TRF
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	112,639			125,903			49,627			31,119			68,874			45,283			1,709,803			1,456,800
Realized gain (loss) on investments		(155,765	)		52,192			(1,299	)		(20,738	)		6,830			11,348			8,597,119			1,961,336
Change in unrealized gain (loss) on investments		125,934			(445,501	)		210			(34,232	)		485			(85,502	)		4,064,038			(2,665,260	)
Reinvested capital gains		156,143			187,946			2,375			6,921			8,840			21,321			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		238,951			(79,460	)		50,913			(16,930	)		85,029			(7,550	)		14,370,960			752,876
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		566,087			452,583			29,696			16,183			44,815			93,526			2,193,809			2,543,833
Transfers between funds		(704,248	)		1,413,325			982,633			135,342			(28,979	)		172,711			(1,404,286	)		11,702,763
Surrenders (note 6)		(97,955	)		(67,197	)		(19,807	)		(60,202	)		(100,236	)		(224,008	)		(2,441,021	)		(1,805,220	)
Death benefits (note 4)		(13,368	)		(89,692	)		-			(935	)		-			(250	)		(487,634	)		(341,999	)
Net policy repayments (loans) (note 5)		(324,538	)		(344,348	)		(333,200	)		(55,182	)		(90,348	)		5,816			(312,836	)		(199,155	)
Deductions for surrender charges (note 2d)		-			-			-			-			-			-			(454	)		(2,099	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(215,749	)		(192,694	)		(33,281	)		(27,905	)		(93,228	)		(81,522	)		(2,964,696	)		(3,003,297	)
Asset charges (note 3):
FPVUL & VEL contracts		(8,805	)		(8,780	)		(1,870	)		(2,127	)		(1,944	)		(2,354	)		(146,321	)		(160,819	)
MSP contracts		(1,147	)		(1,668	)		(143	)		(67	)		(26	)		(26	)		(6,099	)		(9,162	)
SL contracts or LSFP contracts		(159	)		(164	)		(1,791	)		(1,626	)		(2,916	)		(2,784	)		(6,251	)		(7,793	)
Adjustments to maintain reserves		3			(7	)		5			(1	)		6			3			1,994			101
Net equity transactions		(799,879	)		1,161,358			622,242			3,480			(272,856	)		(38,888	)		(5,573,795	)		8,717,153
Net change in contract owners’ equity		(560,928	)		1,081,898			673,155			(13,450	)		(187,827	)		(46,438	)		8,797,165			9,470,029
Contract owners’ equity beginning of period		4,919,377			3,837,479			977,281			990,731			2,410,668			2,457,106			122,867,582			113,397,553
Contract owners’ equity end of period	$	4,358,449			4,919,377			1,650,436			977,281			2,222,841			2,410,668			131,664,747			122,867,582
CHANGES IN UNITS:
Beginning units		356,776			274,907			71,807			72,271			163,170			165,785			6,001,037			5,535,091
Units purchased		72,879			140,086			70,362			11,010			5,309			20,514			116,108			748,764
Units redeemed		(129,480	)		(58,217	)		(27,055	)		(11,474	)		(23,389	)		(23,129	)		(315,749	)		(282,818	)
Ending units		300,175			356,776			115,114			71,807			145,090			163,170			5,801,396			6,001,037

	GBF						GVIX2						GVIDA						NVDBL2
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	1,026,592			916,467			56,393			69,549			360,253			315,033			29,850			26,096
Realized gain (loss) on investments		(810,781	)		(1,147,822	)		(276,330	)		(14,940	)		985,983			1,672,651			9,176			99,252
Change in unrealized gain (loss) on investments		101,038			198,899			132,903			(84,619	)		(1,018,963	)		(2,196,869	)		19,056			(178,091	)
Reinvested capital gains		-			-			-			-			1,644,978			-			36,174			40,642
Net increase (decrease) in contract owners’ equity resulting from operations		316,849			(32,456	)		(87,034	)		(30,010	)		1,972,251			(209,185	)		94,256			(12,101	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		2,120,756			1,991,739			97,070			107,941			1,040,392			1,182,035			50,802			37,179
Transfers between funds		1,079,263			(4,379,357	)		(979,881	)		(80,351	)		414,496			(1,448,865	)		20,142			187,614
Surrenders (note 6)		(1,603,048	)		(3,050,632	)		(13,662	)		(59,669	)		(1,296,953	)		(1,185,905	)		(14,238	)		(618,219	)
Death benefits (note 4)		(1,082,081	)		(318,555	)		-			(14	)		(69,650	)		(3,560	)		-			-
Net policy repayments (loans) (note 5)		127,169			326,008			10,508			189			142,792			(39,343	)		194			20,983
Deductions for surrender charges (note 2d)		(157	)		(2,798	)		(83	)		-			(4,182	)		(4,390	)		-			(52	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(2,851,290	)		(3,045,781	)		(33,320	)		(43,659	)		(782,452	)		(795,573	)		(70,444	)		(62,846	)
Asset charges (note 3):
FPVUL & VEL contracts		(74,052	)		(76,862	)		(1,789	)		(2,455	)		(65,492	)		(70,388	)		(4,019	)		(4,584	)
MSP contracts		(6,501	)		(6,866	)		(105	)		(93	)		(3,732	)		(5,063	)		-			-
SL contracts or LSFP contracts		(14,265	)		(15,067	)		(2,518	)		(2,546	)		(4,565	)		(5,661	)		(399	)		(865	)
Adjustments to maintain reserves		207			(71	)		6			(3	)		138			(28	)		(2	)		(2	)
Net equity transactions		(2,303,999	)		(8,578,242	)		(923,774	)		(80,660	)		(629,208	)		(2,376,741	)		(17,964	)		(440,792	)
Net change in contract owners’ equity		(1,987,150	)		(8,610,698	)		(1,010,808	)		(110,670	)		1,343,043			(2,585,926	)		76,292			(452,893	)
Contract owners’ equity beginning of period		55,120,112			63,730,810			3,319,649			3,430,319			21,912,397			24,498,323			1,514,570			1,967,463
Contract owners’ equity end of period	$	53,132,962			55,120,112			2,308,841			3,319,649			23,255,440			21,912,397			1,590,862			1,514,570
CHANGES IN UNITS:
Beginning units		2,796,778			3,237,960			361,122			368,560			969,751			1,073,873			90,670			117,578
Units purchased		189,216			165,009			25,531			26,256			98,271			85,082			4,169			14,275
Units redeemed		(304,846	)		(606,191	)		(139,119	)		(33,694	)		(127,279	)		(189,204	)		(5,248	)		(41,183	)
Ending units		2,681,148			2,796,778			247,534			361,122			940,743			969,751			89,591			90,670

	NVDCA2						GVIDC						GVIDM						GVDMA
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	13,427			11,651			260,475			172,036			1,152,052			1,053,712			1,441,293			1,233,878
Realized gain (loss) on investments		189			14,466			(109,900	)		45,800			3,033,546			4,105,563			1,897,818			837,951
Change in unrealized gain (loss) on investments		12,102			(58,470	)		40,928			(519,493	)		(3,255,184	)		(7,970,940	)		(2,774,674	)		(4,178,965	)
Reinvested capital gains		28,129			26,565			272,357			330,282			3,499,125			2,652,853			6,142,556			1,569,710
Net increase (decrease) in contract owners’ equity resulting from operations		53,847			(5,788	)		463,860			28,625			4,429,539			(158,812	)		6,706,993			(537,426	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		43,000			42,295			475,970			389,859			2,417,298			2,430,844			5,646,453			6,024,829
Transfers between funds		42,622			89,755			4,326,003			29,001			196,939			522,311			(186,627	)		(1,692,464	)
Surrenders (note 6)		(59,160	)		(38,186	)		(1,149,619	)		(701,864	)		(4,275,009	)		(5,435,234	)		(4,363,313	)		(4,350,324	)
Death benefits (note 4)		-			-			(53,597	)		(114,764	)		(656,801	)		(502,638	)		(576,517	)		(336,241	)
Net policy repayments (loans) (note 5)		(5,439	)		4,194			(63,433	)		51,174			(257,503	)		135,400			(36,894	)		237,276
Deductions for surrender charges (note 2d)		-			-			(253	)		(5,625	)		(1,893	)		(5,828	)		(10,921	)		(12,072	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(37,514	)		(30,835	)		(424,037	)		(360,042	)		(2,683,284	)		(2,797,303	)		(2,942,367	)		(2,923,391	)
Asset charges (note 3):
FPVUL & VEL contracts		(3,052	)		(2,987	)		(17,975	)		(19,674	)		(161,616	)		(180,153	)		(228,386	)		(245,877	)
MSP contracts		(20	)		(15	)		(6,125	)		(6,622	)		(33,215	)		(35,215	)		(17,667	)		(19,501	)
SL contracts or LSFP contracts		(22	)		(24	)		(1,681	)		(1,823	)		(25,181	)		(26,048	)		(34,285	)		(37,790	)
Adjustments to maintain reserves		17			(6	)		38			6			92			(12	)		161			(5	)
Net equity transactions		(19,568	)		64,191			3,085,291			(740,374	)		(5,480,173	)		(5,893,876	)		(2,750,363	)		(3,355,560	)
Net change in contract owners’ equity		34,279			58,403			3,549,151			(711,749	)		(1,050,634	)		(6,052,688	)		3,956,630			(3,892,986	)
Contract owners’ equity beginning of period		724,321			665,918			10,263,238			10,974,987			63,960,082			70,012,770			82,593,425			86,486,411
Contract owners’ equity end of period	$	758,600			724,321			13,812,389			10,263,238			62,909,448			63,960,082			86,550,055			82,593,425
CHANGES IN UNITS:
Beginning units		38,096			34,838			616,603			658,975			3,138,153			3,422,115			3,783,159			3,927,295
Units purchased		4,842			7,345			294,906			125,765			211,436			270,463			552,248			322,852
Units redeemed		(5,905	)		(4,087	)		(111,658	)		(168,137	)		(468,209	)		(554,425	)		(677,589	)		(466,988	)
Ending units		37,033			38,096			799,851			616,603			2,881,380			3,138,153			3,657,818			3,783,159

	GVDMC						MCIF						SAM						SAM5
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	317,033			264,360			1,074,569			888,237			2,155			(951	)		(284,448	)		(333,343	)
Realized gain (loss) on investments		460,310			605,046			2,317,374			4,293,344			-			-			-			-
Change in unrealized gain (loss) on investments		(450,158	)		(1,663,219	)		5,032,195			(13,288,336	)		-			-			-			-
Reinvested capital gains		558,313			805,499			8,766,100			5,707,304			972			-			3,387			-
Net increase (decrease) in contract owners’ equity resulting from operations		885,498			11,686			17,190,238			(2,399,451	)		3,127			(951	)		(281,061	)		(333,343	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		857,976			717,662			6,040,502			3,666,024			5,109,818			5,346,776			46,472,545			67,241,278
Transfers between funds		2,292,294			(422,366	)		6,022,491			11,500,240			9,784,542			909,202			(41,584,537	)		(32,166,590	)
Surrenders (note 6)		(1,749,031	)		(609,927	)		(4,944,678	)		(4,240,818	)		(12,089,270	)		(11,176,309	)		(14,424,350	)		(26,353,554	)
Death benefits (note 4)		(317,931	)		(174,084	)		(206,391	)		(355,217	)		(927,476	)		(501,489	)		(282,166	)		(411,633	)
Net policy repayments (loans) (note 5)		50,151			(10,694	)		(817,116	)		(374,216	)		948,710			1,334,668			(5,460,521	)		(1,835,385	)
Deductions for surrender charges (note 2d)		(15	)		(5	)		(3,688	)		(746	)		(3,815	)		(9,915	)		-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(643,702	)		(599,664	)		(2,118,991	)		(1,818,123	)		(3,900,013	)		(4,462,252	)		(3,800,159	)		(3,351,867	)
Asset charges (note 3):
FPVUL & VEL contracts		(34,288	)		(37,143	)		(100,214	)		(108,817	)		(195,938	)		(211,979	)		(47,667	)		(44,848	)
MSP contracts		(16,886	)		(18,148	)		(1,624	)		(1,654	)		(9,547	)		(10,074	)		-			-
SL contracts or LSFP contracts		(5,723	)		(5,812	)		(9,890	)		(10,384	)		(34,059	)		(35,886	)		-			-
Adjustments to maintain reserves		24			12			475			(7	)		(23	)		8			719			(1,103	)
Net equity transactions		432,869			(1,160,169	)		3,860,876			8,256,282			(1,317,071	)		(8,817,250	)		(19,126,136	)		3,076,298
Net change in contract owners’ equity		1,318,367			(1,148,483	)		21,051,114			5,856,831			(1,313,944	)		(8,818,201	)		(19,407,197	)		2,742,955
Contract owners’ equity beginning of period		15,576,328			16,724,811			86,562,644			80,705,813			47,207,095			56,025,296			169,295,370			166,552,415
Contract owners’ equity end of period	$	16,894,695			15,576,328			107,613,758			86,562,644			45,893,151			47,207,095			149,888,173			169,295,370
CHANGES IN UNITS:
Beginning units		822,967			883,442			2,307,024			2,088,515			3,306,864			4,000,593			14,808,532			14,550,861
Units purchased		170,877			44,055			417,397			403,167			1,086,086			864,203			4,976,382			6,401,667
Units redeemed		(146,703	)		(104,530	)		(304,399	)		(184,658	)		(1,178,805	)		(1,557,932	)		(6,656,387	)		(6,143,996	)
Ending units		847,141			822,967			2,420,022			2,307,024			3,214,145			3,306,864			13,128,527			14,808,532

	NVMIG1						GVDIVI						NVMLG1						NVMLV1
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	212,888			116,752			138,539			63,174			99,748			54,076			299,177			195,620
Realized gain (loss) on investments		(249,443	)		(112,543	)		(107,896	)		(96,999	)		424,480			526,118			263,430			380,083
Change in unrealized gain (loss) on investments		(591,956	)		(1,031,137	)		211,218			(245,562	)		(2,061,247	)		(1,170,396	)		195,471			(1,926,947	)
Reinvested capital gains		321,679			962,551			-			-			1,756,323			981,251			1,764,870			766,122
Net increase (decrease) in contract owners’ equity resulting from operations		(306,832	)		(64,377	)		241,861			(279,387	)		219,304			391,049			2,522,948			(585,122	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		697,760			746,673			195,849			233,764			449,741			534,999			401,459			350,616
Transfers between funds		(362,112	)		401,483			36,013			(157,266	)		913,772			234,727			(234,361	)		9,700,006
Surrenders (note 6)		(759,746	)		(896,212	)		(238,501	)		(306,186	)		(801,618	)		(748,598	)		(277,924	)		(537,531	)
Death benefits (note 4)		(42,311	)		(84,422	)		(8,233	)		(22,219	)		(23,626	)		(199,197	)		(8,146	)		(18,410	)
Net policy repayments (loans) (note 5)		154,447			91,200			(1,684	)		54,609			(4,474	)		(45,548	)		(66,425	)		3,882
Deductions for surrender charges (note 2d)		(233	)		(62	)		(219	)		(1,563	)		(978	)		(1,373	)		(345	)		(346	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(719,562	)		(731,684	)		(180,737	)		(188,960	)		(423,914	)		(456,637	)		(358,100	)		(276,744	)
Asset charges (note 3):
FPVUL & VEL contracts		(45,353	)		(53,191	)		(14,795	)		(17,670	)		(36,228	)		(40,503	)		(21,863	)		(24,081	)
MSP contracts		(2,308	)		(2,519	)		(214	)		(255	)		(1,137	)		(1,391	)		(512	)		(521	)
SL contracts or LSFP contracts		(4,632	)		(5,183	)		(2,354	)		(2,631	)		(4,272	)		(4,787	)		(2,097	)		(2,267	)
Adjustments to maintain reserves		6			(6	)		-			10			1			-			62			(42	)
Net equity transactions		(1,084,044	)		(533,923	)		(214,875	)		(408,367	)		67,267			(728,308	)		(568,252	)		9,194,562
Net change in contract owners’ equity		(1,390,876	)		(598,300	)		26,986			(687,754	)		286,571			(337,259	)		1,954,696			8,609,440
Contract owners’ equity beginning of period		15,478,083			16,076,383			4,657,160			5,344,914			11,590,235			11,927,494			16,442,051			7,832,611
Contract owners’ equity end of period	$	14,087,207			15,478,083			4,684,146			4,657,160			11,876,806			11,590,235			18,396,747			16,442,051
CHANGES IN UNITS:
Beginning units		1,587,910			1,641,194			258,691			281,697			699,376			744,288			1,027,161			509,471
Units purchased		94,011			132,384			20,880			18,355			110,054			52,437			64,577			618,150
Units redeemed		(205,373	)		(185,668	)		(32,302	)		(41,361	)		(107,207	)		(97,349	)		(101,236	)		(100,460	)
Ending units		1,476,548			1,587,910			247,269			258,691			702,223			699,376			990,502			1,027,161

	NVMMG1						NVMMV1						NVMMV2						SCGF
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	(13,482	)		(2,668	)		17,495			13,094			183,824			159,266			(10,098	)		(6,404	)
Realized gain (loss) on investments		1,320,467			1,304,061			(32,489	)		(67,180	)		254,168			907,384			437,525			1,371,082
Change in unrealized gain (loss) on investments		(3,540,330	)		(6,571,225	)		96,793			(92,666	)		536,674			(2,935,360	)		(2,842,573	)		(3,157,385	)
Reinvested capital gains		4,887,392			5,086,876			113,131			113,872			1,148,664			1,496,109			3,762,263			1,895,359
Net increase (decrease) in contract owners’ equity resulting from operations		2,654,047			(182,956	)		194,930			(32,880	)		2,123,330			(372,601	)		1,347,117			102,652
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		1,346,738			1,435,563			43,328			2,906			419,442			439,334			769,750			591,873
Transfers between funds		(828,669	)		11,788,545			50,442			320,163			241,705			(802,281	)		222,731			3,323,383
Surrenders (note 6)		(1,507,131	)		(1,867,173	)		(558	)		(83,737	)		(607,106	)		(1,116,013	)		(616,604	)		(1,133,748	)
Death benefits (note 4)		(172,996	)		(235,813	)		-			(12,996	)		(54,292	)		(192,820	)		(54,749	)		(185,956	)
Net policy repayments (loans) (note 5)		128,129			(82,605	)		(14,759	)		(14,886	)		63,662			24,364			(28,799	)		(92,310	)
Deductions for surrender charges (note 2d)		(1,622	)		(2,546	)		-			-			(133	)		-			(552	)		(1,180	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(1,532,250	)		(1,498,472	)		(29,120	)		(30,690	)		(497,479	)		(510,732	)		(520,785	)		(508,652	)
Asset charges (note 3):
FPVUL & VEL contracts		(105,344	)		(126,042	)		(878	)		(762	)		(42,461	)		(45,864	)		(34,041	)		(40,457	)
MSP contracts		(2,994	)		(3,367	)		-			-			(1,086	)		(1,473	)		(1,094	)		(1,273	)
SL contracts or LSFP contracts		(10,510	)		(10,667	)		-			-			(6,676	)		(7,586	)		(2,220	)		(2,780	)
Adjustments to maintain reserves		55			(21	)		(32	)		32			9			8			45			5
Net equity transactions		(2,686,594	)		9,397,402			48,423			180,030			(484,415	)		(2,213,063	)		(266,318	)		1,948,905
Net change in contract owners’ equity		(32,547	)		9,214,446			243,353			147,150			1,638,915			(2,585,664	)		1,080,799			2,051,557
Contract owners’ equity beginning of period		43,932,455			34,718,009			1,063,100			915,950			12,613,881			15,199,545			17,035,327			14,983,770
Contract owners’ equity end of period	$	43,899,908			43,932,455			1,306,453			1,063,100			14,252,796			12,613,881			18,116,126			17,035,327
CHANGES IN UNITS:
Beginning units		2,738,949			2,156,480			57,439			48,124			682,469			798,637			624,974			552,233
Units purchased		173,094			831,787			10,393			16,738			43,144			34,424			51,596			154,914
Units redeemed		(339,286	)		(249,318	)		(7,770	)		(7,423	)		(69,841	)		(150,592	)		(61,710	)		(82,173	)
Ending units		2,572,757			2,738,949			60,062			57,439			655,772			682,469			614,860			624,974

	SCVF						SCF						MSBF						NVSTB1
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	230,231			269,779			103,017			127,982			371,358			234,463			551,073			253,975
Realized gain (loss) on investments		1,274,392			1,255,158			1,594,153			3,315,212			40,496			82,367			4,450			(109,093	)
Change in unrealized gain (loss) on investments		3,760,858			(7,772,252	)		819,857			(8,582,517	)		500,976			(656,344	)		(86,074	)		(115,239	)
Reinvested capital gains		3,885,287			3,832,274			6,395,420			4,454,708			-			-			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		9,150,768			(2,415,041	)		8,912,447			(684,615	)		912,830			(339,514	)		469,449			29,643
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		1,263,352			1,282,070			1,076,533			1,112,983			395,818			377,819			794,707			363,005
Transfers between funds		(1,770,242	)		3,289,114			(1,557,922	)		(1,844,806	)		909,439			143,984			17,366,836			(5,571,752	)
Surrenders (note 6)		(1,862,711	)		(1,515,365	)		(1,551,055	)		(1,597,252	)		(582,663	)		(393,961	)		(1,011,665	)		(4,748,995	)
Death benefits (note 4)		(174,562	)		(232,030	)		(160,767	)		(329,640	)		(28,668	)		(280,450	)		(288	)		(147,154	)
Net policy repayments (loans) (note 5)		34,839			(89,130	)		(34,387	)		84,911			29,718			93,039			(79,355	)		(11,988	)
Deductions for surrender charges (note 2d)		(749	)		(1,857	)		(459	)		(946	)		(769	)		(20	)		-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(1,317,330	)		(1,277,926	)		(1,368,433	)		(1,352,568	)		(427,523	)		(389,091	)		(291,066	)		(275,410	)
Asset charges (note 3):
FPVUL & VEL contracts		(93,833	)		(105,687	)		(91,082	)		(102,346	)		(24,419	)		(25,494	)		(481	)		(88	)
MSP contracts		(3,160	)		(3,576	)		(3,041	)		(3,183	)		(1,433	)		(1,580	)		-			-
SL contracts or LSFP contracts		(6,292	)		(6,798	)		(9,723	)		(10,084	)		(4,186	)		(4,330	)		-			-
Adjustments to maintain reserves		37			52			485			(73	)		30			(11	)		95			(9	)
Net equity transactions		(3,930,651	)		1,338,867			(3,699,851	)		(4,043,004	)		265,344			(480,095	)		16,778,783			(10,392,391	)
Net change in contract owners’ equity		5,220,117			(1,076,174	)		5,212,596			(4,727,619	)		1,178,174			(819,609	)		17,248,232			(10,362,748	)
Contract owners’ equity beginning of period		38,537,015			39,613,189			41,158,133			45,885,752			10,732,453			11,552,062			14,970,825			25,333,573
Contract owners’ equity end of period	$	43,757,132			38,537,015			46,370,729			41,158,133			11,910,627			10,732,453			32,219,057			14,970,825
CHANGES IN UNITS:
Beginning units		862,131			839,625			1,156,133			1,262,236			494,615			514,344			1,302,410			2,190,544
Units purchased		39,674			111,471			32,166			36,468			60,942			59,099			1,604,817			387,001
Units redeemed		(123,684	)		(88,965	)		(128,319	)		(142,571	)		(49,820	)		(78,828	)		(191,576	)		(1,275,135	)
Ending units		778,121			862,131			1,059,980			1,156,133			505,737			494,615			2,715,651			1,302,410

	NVSTB2						NVOLG1						NVTIV3						EIF
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	20,201			26,477			992,384			817,039			12,241			13,507			280,702			177,517
Realized gain (loss) on investments		(16,150	)		(1,620	)		2,449,246			3,923,741			(70,093	)		18,772			499,956			518,363
Change in unrealized gain (loss) on investments		32,730			(32,287	)		(29,125,109	)		(17,835,435	)		46,178			(100,572	)		981,809			(1,429,961	)
Reinvested capital gains		-			-			30,340,812			19,631,603			8,284			28,883			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		36,781			(7,430	)		4,657,333			6,536,948			(3,390	)		(39,410	)		1,762,467			(734,081	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		54,722			48,766			5,311,795			4,927,225			33,690			68,949			331,499			394,668
Transfers between funds		(356,658	)		(252,035	)		12,674,922			(2,285,047	)		(90,096	)		262,187			(528,506	)		(191,463	)
Surrenders (note 6)		(29,421	)		(29,513	)		(7,558,483	)		(7,669,159	)		(42,097	)		(13,867	)		(304,347	)		(767,302	)
Death benefits (note 4)		(5,622	)		(40,756	)		(804,538	)		(1,042,310	)		-			-			(34,834	)		(37,086	)
Net policy repayments (loans) (note 5)		805			(3,331	)		(86,475	)		120,067			(4,836	)		(5,009	)		11,410			14,165
Deductions for surrender charges (note 2d)		(15	)		(137	)		(4,050	)		(8,204	)		(206	)		(105	)		(366	)		(1,733	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(43,805	)		(44,887	)		(5,841,205	)		(5,310,497	)		(24,008	)		(21,616	)		(376,235	)		(412,577	)
Asset charges (note 3):
FPVUL & VEL contracts		(3,119	)		(3,558	)		(457,960	)		(469,624	)		(1,372	)		(1,515	)		(31,613	)		(36,164	)
MSP contracts		(404	)		(414	)		(16,706	)		(17,774	)		-			-			(1,008	)		(1,088	)
SL contracts or LSFP contracts		(970	)		(1,082	)		(44,655	)		(46,723	)		(280	)		(327	)		(4,207	)		(4,485	)
Adjustments to maintain reserves		(1	)		(5	)		261			(8	)		(13	)		(17	)		50			(18	)
Net equity transactions		(384,488	)		(326,952	)		3,172,906			(11,802,054	)		(129,218	)		288,680			(938,157	)		(1,043,083	)
Net change in contract owners’ equity		(347,707	)		(334,382	)		7,830,239			(5,265,106	)		(132,608	)		249,270			824,310			(1,777,164	)
Contract owners’ equity beginning of period		1,560,000			1,894,382			127,175,154			132,440,260			701,775			452,505			10,598,730			12,375,894
Contract owners’ equity end of period	$	1,212,293			1,560,000			135,005,393			127,175,154			569,167			701,775			11,423,040			10,598,730
CHANGES IN UNITS:
Beginning units		136,028			164,622			4,934,844			5,400,878			45,612			28,263			491,781			536,954
Units purchased		6,664			44,984			921,847			240,832			2,635			20,244			18,424			24,297
Units redeemed		(39,553	)		(73,578	)		(797,237	)		(706,866	)		(11,662	)		(2,895	)		(60,465	)		(69,470	)
Ending units		103,139			136,028			5,059,454			4,934,844			36,585			45,612			449,740			491,781

	NVRE1						NVLCAP						NVLMP						NVSIX2
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	635,028			937,207			639			779			105			115			5,865			3,277
Realized gain (loss) on investments		(1,328,114	)		60,266			(1,844	)		(55	)		(59	)		(18	)		(11,627	)		(3,141	)
Change in unrealized gain (loss) on investments		265,592			(8,475,822	)		7,398			(3,018	)		540			(204	)		37,000			(33,556	)
Reinvested capital gains		2,624,909			5,329,680			439			1,517			102			36			58,424			20,782
Net increase (decrease) in contract owners’ equity resulting from operations		2,197,415			(2,148,669	)		6,632			(777	)		688			(71	)		89,662			(12,638	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		1,283,506			1,524,023			1,591			1,291			3,010			1,100			57,834			21,868
Transfers between funds		(381,278	)		(2,224,423	)		6,610			4,217			-			3,001			516,893			48,551
Surrenders (note 6)		(1,844,302	)		(2,689,873	)		-			-			(11,745	)		-			(11,975	)		(492	)
Death benefits (note 4)		(115,383	)		(179,833	)		-			-			-			-			-			-
Net policy repayments (loans) (note 5)		(41,022	)		(47,705	)		2			4			10,856			-			(12,367	)		(1,999	)
Deductions for surrender charges (note 2d)		(934	)		(1,634	)		-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(1,144,499	)		(1,204,297	)		(2,027	)		(2,132	)		(1,138	)		(221	)		(9,881	)		(7,005	)
Asset charges (note 3):
FPVUL & VEL contracts		(82,604	)		(93,772	)		(141	)		(119	)		(37	)		(10	)		(1,321	)		(920	)
MSP contracts		(3,263	)		(3,447	)		-			-			-			-			-			-
SL contracts or LSFP contracts		(7,989	)		(10,493	)		-			-			-			-			-			-
Adjustments to maintain reserves		36			(8	)		-			(2	)		(2	)		(9	)		(7	)		2
Net equity transactions		(2,337,732	)		(4,931,462	)		6,035			3,259			944			3,861			539,176			60,005
Net change in contract owners’ equity		(140,317	)		(7,080,131	)		12,667			2,482			1,632			3,790			628,838			47,367
Contract owners’ equity beginning of period		32,169,726			39,249,857			28,291			25,809			5,984			2,194			290,369			243,002
Contract owners’ equity end of period	$	32,029,409			32,169,726			40,958			28,291			7,616			5,984			919,207			290,369
CHANGES IN UNITS:
Beginning units		1,934,105			2,232,004			2,467			2,183			530			191			23,027			18,330
Units purchased		115,628			114,490			936			630			334			469			40,496			6,530
Units redeemed		(280,015	)		(412,389	)		(201	)		(346	)		(245	)		(130	)		(3,214	)		(1,833	)
Ending units		1,769,718			1,934,105			3,202			2,467			619			530			60,309			23,027

	GVEX1						AMTB						AMGP						AMCG
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	86,884			62,071			43,111			52,226			2,001			5,944			(5,071	)		(5,894	)
Realized gain (loss) on investments		17,570			63,366			(40,136	)		(73,598	)		(40,397	)		(180,544	)		(122,129	)		(293,173	)
Change in unrealized gain (loss) on investments		256,385			(141,305	)		45,132			26,717			(31,607	)		(140,305	)		115,250			119,501
Reinvested capital gains		68,108			39,810			-			-			121,285			269,213			94,449			223,112
Net increase (decrease) in contract owners’ equity resulting from operations		428,947			23,942			48,107			5,345			51,282			(45,692	)		82,499			43,546
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		241,775			156,550			142,678			161,711			2,980			2,419			3,877			(5,402	)
Transfers between funds		1,581,076			1,564,185			624,234			211,550			136,718			(451,497	)		(324,259	)		(692,920	)
Surrenders (note 6)		(217,603	)		(32,057	)		(234,750	)		(165,438	)		(64,250	)		-			-			-
Death benefits (note 4)		-			-			(102,135	)		(3,900	)		-			(9,120	)		(24,349	)		(69,023	)
Net policy repayments (loans) (note 5)		(111,634	)		(20,501	)		(8,840	)		(45,376	)		-			-			-			28,794
Deductions for surrender charges (note 2d)		-			-			(8	)		(153	)		-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(109,520	)		(60,595	)		(225,147	)		(179,209	)		(9,167	)		(11,517	)		(20,784	)		(17,259	)
Asset charges (note 3):
FPVUL & VEL contracts		(10,314	)		(7,789	)		(10,757	)		(11,539	)		-			-			-			(87	)
MSP contracts		-			-			(640	)		(570	)		-			-			-			-
SL contracts or LSFP contracts		-			-			(2,359	)		(1,765	)		-			-			-			-
Adjustments to maintain reserves		(5	)		5			(5	)		4			24			(11	)		51			23
Net equity transactions		1,373,775			1,599,798			182,271			(34,685	)		66,305			(469,726	)		(365,464	)		(755,874	)
Net change in contract owners’ equity		1,802,722			1,623,740			230,378			(29,340	)		117,587			(515,418	)		(282,965	)		(712,328	)
Contract owners’ equity beginning of period		3,253,294			1,629,554			3,723,185			3,752,525			559,119			1,074,537			2,161,389			2,873,717
Contract owners’ equity end of period	$	5,056,016			3,253,294			3,953,563			3,723,185			676,706			559,119			1,878,424			2,161,389
CHANGES IN UNITS:
Beginning units		239,681			121,451			300,528			303,453			25,306			43,652			105,561			133,206
Units purchased		115,246			129,126			64,398			64,906			6,118			7,835			190			2,923
Units redeemed		(21,344	)		(10,896	)		(49,646	)		(67,831	)		(3,186	)		(26,181	)		(17,657	)		(30,568	)
Ending units		333,583			239,681			315,280			300,528			28,238			25,306			88,094			105,561

	AMMCGS						AMTP						AMRI						AMSRS
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	-			(22	)		2,150			4,844			21,140			28,295			13,649			11,634
Realized gain (loss) on investments		(11,860	)		(14,902	)		(13,982	)		65,034			66,926			48,757			71,559			276,438
Change in unrealized gain (loss) on investments		(1,046	)		(45,608	)		51,757			(192,795	)		282,195			(637,790	)		29,720			(483,836	)
Reinvested capital gains		51,292			-			25,172			55,600			380,957			123,169			70,083			183,936
Net increase (decrease) in contract owners’ equity resulting from operations		38,386			(60,532	)		65,097			(67,317	)		751,218			(437,569	)		185,011			(11,828	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		26,172			5,829			980			(141	)		7,825			11,577			76,818			74,810
Transfers between funds		(23,061	)		1,104,418			27,926			(843,732	)		85,643			8,659			(23,374	)		(274,471	)
Surrenders (note 6)		(16,980	)		(944	)		(75,542	)		(916	)		(39,366	)		-			(73,250	)		(220,937	)
Death benefits (note 4)		(38	)		-			(532	)		(2,453	)		(94,749	)		(158	)		(1	)		(13,793	)
Net policy repayments (loans) (note 5)		(7,513	)		1,068			67,987			(16,243	)		(744	)		(605	)		(12,339	)		22,501
Deductions for surrender charges (note 2d)		(136	)		-			-			-			-			-			(55	)		(2,373	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(33,221	)		(4,719	)		(4,423	)		(10,168	)		(43,151	)		(44,685	)		(86,320	)		(91,094	)
Asset charges (note 3):
FPVUL & VEL contracts		(3,022	)		(479	)		(280	)		(308	)		(84	)		(80	)		(7,180	)		(8,283	)
MSP contracts		(64	)		(8	)		-			-			-			-			(510	)		(511	)
SL contracts or LSFP contracts		(253	)		(36	)		-			-			-			-			(987	)		(1,113	)
Adjustments to maintain reserves		(4	)		(2	)		(102	)		36			59			(23	)		45			(25	)
Net equity transactions		(58,120	)		1,105,127			16,014			(873,925	)		(84,567	)		(25,315	)		(127,153	)		(515,289	)
Net change in contract owners’ equity		(19,734	)		1,044,595			81,111			(941,242	)		666,651			(462,884	)		57,858			(527,117	)
Contract owners’ equity beginning of period		1,044,595			-			232,327			1,173,569			4,935,285			5,398,169			1,989,523			2,516,640
Contract owners’ equity end of period	$	1,024,861			1,044,595			313,438			232,327			5,601,936			4,935,285			2,047,381			1,989,523
CHANGES IN UNITS:
Beginning units		108,814			-			10,845			50,604			307,667			307,696			68,268			85,955
Units purchased		11,004			109,426			2,335			116			5,627			9,344			3,460			4,332
Units redeemed		(17,325	)		(612	)		(1,488	)		(39,875	)		(11,926	)		(9,373	)		(7,781	)		(22,019	)
Ending units		102,493			108,814			11,692			10,845			301,368			307,667			63,947			68,268

	NOTB3						NOTG3				NOTMG3						ALVGIA
	2016			2015			2016		2015		2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	484			421			464		-		645			1			183,140			302,224
Realized gain (loss) on investments		(205	)		(81	)		13		-		30			(6	)		806,879			2,802,381
Change in unrealized gain (loss) on investments		1,827			(3,704	)		890		-		1,527			(280	)		94,274			(2,681,596	)
Reinvested capital gains		-			840			-		-		-			2			1,358,916			-
Net increase (decrease) in contract owners’ equity resulting from operations		2,106			(2,524	)		1,367		-		2,202			(283	)		2,443,209			423,009
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		3,526			3,091			2,400		-		3,425			96			997,498			656,682
Transfers between funds		-			35,616			27,310		-		27,176			11,917			197,020			(1,044,477	)
Surrenders (note 6)		-			-			-		-		-			-			(853,576	)		(254,914	)
Death benefits (note 4)		-			-			-		-		-			(80	)		(162,535	)		(86,944	)
Net policy repayments (loans) (note 5)		-			-			-		-		(2	)		-			(80,714	)		(35,928	)
Deductions for surrender charges (note 2d)		-			-			-		-		-			-			(32	)		(76	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(2,344	)		(1,580	)		-		-		(830	)		(117	)		(412,643	)		(380,354	)
Asset charges (note 3):
FPVUL & VEL contracts		(180	)		(136	)		-		-		(71	)		(10	)		(10,861	)		(11,936	)
MSP contracts		-			-			-		-		-			-			-			(9	)
SL contracts or LSFP contracts		-			-			-		-		-			-			(1,137	)		(1,049	)
Adjustments to maintain reserves		1			2			4		-		(2	)		(7	)		129			15
Net equity transactions		1,003			36,993			29,714		-		29,696			11,799			(326,851	)		(1,158,990	)
Net change in contract owners’ equity		3,109			34,469			31,081		-		31,898			11,516			2,116,358			(735,981	)
Contract owners’ equity beginning of period		34,469			-			-		-		11,626			110			22,576,076			23,312,057
Contract owners’ equity end of period	$	37,578			34,469			31,081		-		43,524			11,626			24,692,434			22,576,076
CHANGES IN UNITS:
Beginning units		3,395			-			-		-		1,135			10			794,184			831,086
Units purchased		337			3,559			2,939		-		2,975			1,145			97,078			104,552
Units redeemed		(241	)		(164	)		-		-		(107	)		(20	)		(109,703	)		(141,454	)
Ending units		3,491			3,395			2,939		-		4,003			1,135			781,559			794,184

	ALVIVA						ALVSVA						ACVCA						ACVIG
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	98,895			200,918			95,688			137,656			(1,352	)		(1,383	)		426,520			419,678
Realized gain (loss) on investments		52,827			186,636			(305,256	)		596,243			(53,917	)		128,696			371,827			851,186
Change in unrealized gain (loss) on investments		(225,135	)		(204,444	)		3,440,962			(4,989,028	)		20,702			(175,817	)		1,164,262			(4,205,843	)
Reinvested capital gains		-			-			1,047,125			3,136,679			57,974			40,745			338,152			1,774,328
Net increase (decrease) in contract owners’ equity resulting from operations		(73,413	)		183,110			4,278,519			(1,118,450	)		23,407			(7,759	)		2,300,761			(1,160,651	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		62,743			51,523			1,644,940			1,461,610			995			9,742			573,968			669,433
Transfers between funds		944,633			(208,364	)		(918,086	)		(872,423	)		54,201			(974,543	)		(414,361	)		(2,996,080	)
Surrenders (note 6)		(34,837	)		(31,396	)		(1,500,075	)		(833,498	)		-			(39,539	)		(732,368	)		(774,796	)
Death benefits (note 4)		(113,299	)		(11,255	)		(246,951	)		(91,225	)		(317	)		-			(65,914	)		(25,954	)
Net policy repayments (loans) (note 5)		(9,202	)		(12,116	)		26,490			22,573			(6,936	)		(4,252	)		40,035			(30,040	)
Deductions for surrender charges (note 2d)		-			-			(760	)		(637	)		-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(100,542	)		(98,197	)		(326,930	)		(334,411	)		(7,081	)		(11,158	)		(727,834	)		(752,010	)
Asset charges (note 3):
FPVUL & VEL contracts		(3,474	)		(3,925	)		(25,937	)		(28,268	)		(94	)		(127	)		(49,399	)		(54,786	)
MSP contracts		-			-			(1,292	)		(1,487	)		-			-			(2,438	)		(2,502	)
SL contracts or LSFP contracts		-			-			(909	)		(1,162	)		-			-			(4,684	)		(4,817	)
Adjustments to maintain reserves		27			(12	)		99			(34	)		9			17			33			(11	)
Net equity transactions		746,049			(313,742	)		(1,349,411	)		(678,962	)		40,777			(1,019,860	)		(1,382,962	)		(3,971,563	)
Net change in contract owners’ equity		672,636			(130,632	)		2,929,108			(1,797,412	)		64,184			(1,027,619	)		917,799			(5,132,214	)
Contract owners’ equity beginning of period		8,359,637			8,490,269			18,216,191			20,013,603			578,782			1,606,401			18,198,664			23,330,878
Contract owners’ equity end of period	$	9,032,273			8,359,637			21,145,299			18,216,191			642,966			578,782			19,116,463			18,198,664
CHANGES IN UNITS:
Beginning units		981,220			1,020,175			496,940			515,175			51,411			145,072			724,329			899,634
Units purchased		132,544			122,212			55,946			57,994			7,076			40,099			28,703			37,344
Units redeemed		(45,368	)		(161,167	)		(91,939	)		(76,229	)		(3,039	)		(133,760	)		(81,586	)		(212,649	)
Ending units		1,068,396			981,220			460,947			496,940			55,448			51,411			671,446			724,329

	ACVIP2						ACVI						ACVMV1						ACVU1
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	169,764			241,073			13,171			3,505			256,336			212,262			762			4,169
Realized gain (loss) on investments		(280,531	)		(639,745	)		(24,989	)		275,464			650,476			837,810			(9,261	)		398,710
Change in unrealized gain (loss) on investments		442,667			123,310			(41,076	)		(294,239	)		1,583,924			(1,860,368	)		11,788			(428,278	)
Reinvested capital gains		68,878			-			-			-			662,743			591,112			29,328			145,277
Net increase (decrease) in contract owners’ equity resulting from operations		400,778			(275,362	)		(52,894	)		(15,270	)		3,153,479			(219,184	)		32,617			119,878
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		208,158			269,923			37,381			52,261			2,008,345			2,030,673			(28	)		(2,017	)
Transfers between funds		276,991			(1,391,360	)		2,205,842			(344,366	)		3,380,248			304,557			(168,750	)		(940,187	)
Surrenders (note 6)		(594,029	)		(1,415,172	)		-			(11,288	)		(1,969,265	)		(1,084,397	)		-			(4,262	)
Death benefits (note 4)		(19,227	)		(60,792	)		(16,463	)		(1,993	)		(16,126	)		(16,851	)		(31,827	)		(10,114	)
Net policy repayments (loans) (note 5)		9,756			271,635			10,713			10,193			(560,576	)		(576,625	)		-			4,262
Deductions for surrender charges (note 2d)		(980	)		(807	)		-			-			(1,030	)		(1,299	)		-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(457,129	)		(338,312	)		(80,473	)		(72,974	)		(524,739	)		(397,752	)		(7,255	)		(15,293	)
Asset charges (note 3):
FPVUL & VEL contracts		(19,530	)		(26,165	)		-			(93	)		(28,619	)		(26,211	)		-			-
MSP contracts		(871	)		(998	)		-			-			(856	)		(815	)		-			-
SL contracts or LSFP contracts		(10,081	)		(13,174	)		-			-			(2,274	)		(1,712	)		-			-
Adjustments to maintain reserves		(2	)		8			(596	)		83			40			(10	)		(5	)		(15	)
Net equity transactions		(606,944	)		(2,705,214	)		2,156,404			(368,177	)		2,285,148			229,558			(207,865	)		(967,626	)
Net change in contract owners’ equity		(206,166	)		(2,980,576	)		2,103,510			(383,447	)		5,438,627			10,374			(175,248	)		(847,748	)
Contract owners’ equity beginning of period		9,526,951			12,507,527			1,476,332			1,859,779			13,389,899			13,379,525			751,055			1,598,803
Contract owners’ equity end of period	$	9,320,785			9,526,951			3,579,842			1,476,332			18,828,526			13,389,899			575,807			751,055
CHANGES IN UNITS:
Beginning units		611,924			783,544			103,448			119,008			500,601			492,846			34,702			77,382
Units purchased		49,043			79,664			176,570			32,016			197,372			93,051			-			6,369
Units redeemed		(87,448	)		(251,284	)		(12,994	)		(47,576	)		(124,139	)		(85,296	)		(9,166	)		(49,049	)
Ending units		573,519			611,924			267,024			103,448			573,834			500,601			25,536			34,702

	ACVV						DVMCS						DVSCS						DCAP
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	367,831			461,129			21,071			15,494			644,678			500,049			316,096			390,920
Realized gain (loss) on investments		529,693			3,154,136			(120,562	)		198,637			3,267,414			6,601,408			49,053			1,918,192
Change in unrealized gain (loss) on investments		3,569,445			(4,474,016	)		270,397			(875,105	)		9,684,971			(15,200,764	)		(1,823,974	)		(4,071,115	)
Reinvested capital gains		-			-			180,460			596,636			7,680,217			5,950,257			2,952,589			1,203,674
Net increase (decrease) in contract owners’ equity resulting from operations		4,466,969			(858,751	)		351,366			(64,338	)		21,277,280			(2,149,050	)		1,493,764			(558,329	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		795,754			657,025			145,799			109,111			3,455,314			3,195,897			693,058			780,709
Transfers between funds		2,801,057			(2,482,617	)		(289,830	)		(615,867	)		3,805,842			(3,333,747	)		(746,478	)		(5,431,263	)
Surrenders (note 6)		(3,212,897	)		(1,249,745	)		(82,479	)		(272,553	)		(4,128,661	)		(4,875,464	)		(2,043,962	)		(1,461,734	)
Death benefits (note 4)		(19,357	)		(13,609	)		(44,989	)		(26,122	)		(303,924	)		(567,716	)		(25,195	)		(277,600	)
Net policy repayments (loans) (note 5)		(175,120	)		(31,045	)		23,001			2,110			(497,052	)		(378,912	)		79,030			145,066
Deductions for surrender charges (note 2d)		-			-			-			-			(1,133	)		(1,667	)		(311	)		(1,375	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(341,643	)		(331,625	)		(38,482	)		(49,148	)		(1,488,559	)		(1,434,243	)		(717,630	)		(775,500	)
Asset charges (note 3):
FPVUL & VEL contracts		(4,678	)		(5,431	)		(25	)		(23	)		(41,377	)		(43,910	)		(51,856	)		(58,922	)
MSP contracts		-			-			-			-			(925	)		(1,101	)		(1,628	)		(1,723	)
SL contracts or LSFP contracts		-			-			-			-			(6,668	)		(6,847	)		(5,254	)		(6,220	)
Adjustments to maintain reserves		567			(151	)		37			2			459			(44	)		(7	)		10
Net equity transactions		(156,317	)		(3,457,198	)		(286,968	)		(852,490	)		793,316			(7,447,754	)		(2,820,233	)		(7,088,552	)
Net change in contract owners’ equity		4,310,652			(4,315,949	)		64,398			(916,828	)		22,070,596			(9,596,804	)		(1,326,469	)		(7,646,881	)
Contract owners’ equity beginning of period		21,342,297			25,658,246			2,518,807			3,435,635			84,362,335			93,959,139			20,291,117			27,937,998
Contract owners’ equity end of period	$	25,652,949			21,342,297			2,583,205			2,518,807			106,432,931			84,362,335			18,964,648			20,291,117
CHANGES IN UNITS:
Beginning units		723,165			813,491			79,448			104,891			3,013,709			3,271,232			800,138			1,135,867
Units purchased		128,366			72,806			5,647			25,223			313,967			154,600			59,972			37,217
Units redeemed		(130,318	)		(163,132	)		(14,388	)		(50,666	)		(298,528	)		(412,123	)		(179,703	)		(372,946	)
Ending units		721,213			723,165			70,707			79,448			3,029,148			3,013,709			680,407			800,138

	DSC						DVIV						SVSSVB						SVSLVB
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	-			-			65,598			108,634			56			(656	)		490			1,283
Realized gain (loss) on investments		49,312			92,242			(109,793	)		247,961			(6,309	)		30,987			6,193			5,181
Change in unrealized gain (loss) on investments		17,610			(129,288	)		(30,414	)		(461,605	)		14,993			(57,660	)		(20,336	)		(24,268	)
Reinvested capital gains		73,582			15,609			-			-			20,455			26,754			5,236			6,415
Net increase (decrease) in contract owners’ equity resulting from operations		140,504			(21,437	)		(74,609	)		(105,010	)		29,195			(575	)		(8,417	)		(11,389	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		94,501			64,907			39,144			62,203			-			8,291			(5	)		609
Transfers between funds		(55,937	)		(38,876	)		(510,632	)		(668,952	)		(2,676	)		(472,358	)		(23,726	)		3,511
Surrenders (note 6)		(37,835	)		(73,276	)		(55,089	)		(725,192	)		-			(14,339	)		(21,651	)		-
Death benefits (note 4)		-			-			(5,157	)		(29,864	)		-			-			(3,319	)		-
Net policy repayments (loans) (note 5)		(5,578	)		(5,455	)		(36,024	)		(14,355	)		(7,780	)		(16,440	)		(2,972	)		(3,429	)
Deductions for surrender charges (note 2d)		(4	)		-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(33,745	)		(38,141	)		(56,105	)		(76,134	)		(7,872	)		(9,343	)		(2,673	)		(3,063	)
Asset charges (note 3):
FPVUL & VEL contracts		(2,781	)		(3,272	)		(73	)		(602	)		(68	)		(116	)		-			-
MSP contracts		-			-			-			-			-			-			-			-
SL contracts or LSFP contracts		(490	)		(489	)		-			-			-			-			-			-
Adjustments to maintain reserves		(19	)		15			15			6			8			(14	)		5			(9	)
Net equity transactions		(41,888	)		(94,587	)		(623,921	)		(1,452,890	)		(18,388	)		(504,319	)		(54,341	)		(2,381	)
Net change in contract owners’ equity		98,616			(116,024	)		(698,530	)		(1,557,900	)		10,807			(504,894	)		(62,758	)		(13,770	)
Contract owners’ equity beginning of period		951,485			1,067,509			3,953,737			5,511,637			208,665			713,559			141,848			155,618
Contract owners’ equity end of period	$	1,050,101			951,485			3,255,207			3,953,737			219,472			208,665			79,090			141,848
CHANGES IN UNITS:
Beginning units		42,927			47,065			216,185			291,203			14,430			48,141			10,596			10,766
Units purchased		4,170			4,134			3,063			11,326			681			558			13			276
Units redeemed		(6,629	)		(8,272	)		(38,262	)		(86,344	)		(2,066	)		(34,269	)		(4,401	)		(446	)
Ending units		40,468			42,927			180,986			216,185			13,045			14,430			6,208			10,596

	FVCA2P						FQB						FCS						FNRS2
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	12,092			12,215			864,340			985,664			139,251			234,265			34,207			69,431
Realized gain (loss) on investments		(7,679	)		(5,098	)		(51,284	)		67,659			836,270			9,664,141			(160,950	)		(355,513	)
Change in unrealized gain (loss) on investments		(33,120	)		(55,868	)		96,277			(1,139,269	)		(1,478,476	)		(14,401,641	)		2,032,472			(1,512,594	)
Reinvested capital gains		-			1,024			-			-			2,642,744			5,099,951			-			212,716
Net increase (decrease) in contract owners’ equity resulting from operations		(28,707	)		(47,727	)		909,333			(85,946	)		2,139,789			596,716			1,905,729			(1,585,960	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		21,710			37,018			791,646			728,293			227,468			124,099			568,686			575,031
Transfers between funds		33,340			(5,823	)		(81,969	)		(1,251,466	)		(3,993,111	)		(22,411,101	)		610,002			(178,858	)
Surrenders (note 6)		(17,080	)		(52,539	)		(1,276,326	)		(963,828	)		(1,542,907	)		(3,855,904	)		(815,429	)		(426,228	)
Death benefits (note 4)		-			(8,410	)		(344,465	)		(311,833	)		(327,830	)		(377,056	)		(33,360	)		(24,380	)
Net policy repayments (loans) (note 5)		(3,602	)		6,006			41,379			51,060			(27,576	)		190,929			145,619			44,823
Deductions for surrender charges (note 2d)		(35	)		-			(231	)		(237	)		-			-			(898	)		(646	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(21,657	)		(22,707	)		(781,792	)		(796,663	)		(444,027	)		(545,016	)		(313,806	)		(284,798	)
Asset charges (note 3):
FPVUL & VEL contracts		(1,753	)		(2,050	)		(51,872	)		(56,887	)		(1,793	)		(2,013	)		(17,987	)		(19,580	)
MSP contracts		-			-			(2,869	)		(3,510	)		-			-			(997	)		(1,836	)
SL contracts or LSFP contracts		(409	)		(443	)		(5,233	)		(5,620	)		-			-			(5,021	)		(5,339	)
Adjustments to maintain reserves		(2	)		(3	)		40			36			14,171			974			16			(13	)
Net equity transactions		10,512			(48,951	)		(1,711,692	)		(2,610,655	)		(6,095,605	)		(26,875,088	)		136,825			(321,824	)
Net change in contract owners’ equity		(18,195	)		(96,678	)		(802,359	)		(2,696,601	)		(3,955,816	)		(26,278,372	)		2,042,554			(1,907,784	)
Contract owners’ equity beginning of period		695,612			792,290			25,290,762			27,987,363			34,056,039			60,334,411			6,117,397			8,025,181
Contract owners’ equity end of period	$	677,417			695,612			24,488,403			25,290,762			30,100,223			34,056,039			8,159,951			6,117,397
CHANGES IN UNITS:
Beginning units		40,403			43,124			1,164,659			1,283,800			1,229,565			2,176,373			390,067			405,538
Units purchased		3,551			2,279			51,273			51,886			49,359			6,280			52,776			53,678
Units redeemed		(2,884	)		(5,000	)		(128,395	)		(171,027	)		(271,487	)		(953,088	)		(53,121	)		(69,149	)
Ending units		41,070			40,403			1,087,537			1,164,659			1,007,437			1,229,565			389,722			390,067

	FEIS						FF10S						FF20S						FF30S
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	1,223,394			1,804,717			31,950			38,038			418,821			455,452			194,393			201,673
Realized gain (loss) on investments		2,334,674			2,980,977			28,707			73,170			584,496			328,768			324,829			310,788
Change in unrealized gain (loss) on investments		2,162,641			(13,017,860	)		(1,999	)		(116,011	)		(91,861	)		(1,032,078	)		(96,024	)		(700,905	)
Reinvested capital gains		3,649,305			5,673,847			48,953			6,570			877,797			119,356			495,769			66,107
Net increase (decrease) in contract owners’ equity resulting from operations		9,370,014			(2,558,319	)		107,611			1,767			1,789,253			(128,502	)		918,967			(122,337	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		2,607,407			2,768,204			50,878			42,257			1,916,767			2,424,707			2,794,468			1,267,498
Transfers between funds		(930,611	)		(1,821,129	)		53,126			116,816			4,097,899			4,069,008			209,861			2,387,781
Surrenders (note 6)		(4,057,397	)		(2,870,919	)		(27,625	)		(48,159	)		(582,195	)		(734,627	)		(330,926	)		(450,687	)
Death benefits (note 4)		(288,027	)		(452,890	)		(15,769	)		(310,889	)		(1,053,528	)		(44,364	)		(30,288	)		(20,815	)
Net policy repayments (loans) (note 5)		(330,076	)		539,684			(13,573	)		(19,212	)		168,296			45,903			(32,995	)		(15,328	)
Deductions for surrender charges (note 2d)		(2,248	)		(1,564	)		(4	)		(503	)		(246	)		(857	)		(1,180	)		(2,617	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(2,213,344	)		(2,256,171	)		(59,667	)		(61,389	)		(665,223	)		(650,441	)		(332,867	)		(296,668	)
Asset charges (note 3):
FPVUL & VEL contracts		(145,129	)		(156,849	)		(4,598	)		(4,806	)		(14,172	)		(22,620	)		(19,198	)		(19,360	)
MSP contracts		(5,972	)		(6,841	)		(3,924	)		(3,956	)		(3,876	)		(4,102	)		(1,576	)		(1,633	)
SL contracts or LSFP contracts		(17,134	)		(18,890	)		(450	)		(511	)		(5,650	)		(4,798	)		(1,168	)		(1,169	)
Adjustments to maintain reserves		737			(194	)		(17	)		8			181			9			57			17
Net equity transactions		(5,381,794	)		(4,277,559	)		(21,623	)		(290,344	)		3,858,253			5,077,818			2,254,188			2,847,019
Net change in contract owners’ equity		3,988,220			(6,835,878	)		85,988			(288,577	)		5,647,506			4,949,316			3,173,155			2,724,682
Contract owners’ equity beginning of period		56,301,658			63,137,536			2,221,284			2,509,861			27,384,785			22,435,469			12,707,207			9,982,525
Contract owners’ equity end of period	$	60,289,878			56,301,658			2,307,272			2,221,284			33,032,291			27,384,785			15,880,362			12,707,207
CHANGES IN UNITS:
Beginning units		2,345,447			2,527,460			125,604			141,331			1,516,176			1,234,002			670,689			523,809
Units purchased		184,640			163,364			11,292			8,899			420,340			363,732			245,843			193,483
Units redeemed		(403,765	)		(345,377	)		(13,069	)		(24,626	)		(205,426	)		(81,558	)		(127,681	)		(46,603	)
Ending units		2,126,322			2,345,447			123,827			125,604			1,731,090			1,516,176			788,851			670,689

	FFINS						FGOS						FGS						FHIS
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	11,606			18,948			(86	)		(2,514	)		(70,579	)		72,335			672,461			878,992
Realized gain (loss) on investments		2,529			9,315			(10,388	)		1,000,287			2,610,095			4,135,585			(211,169	)		(64,469	)
Change in unrealized gain (loss) on investments		9,956			(37,989	)		1,875			(905,602	)		(10,188,118	)		(909,306	)		1,266,607			(1,507,420	)
Reinvested capital gains		10,223			1,706			5,913			51,369			8,191,795			2,753,757			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		34,314			(8,020	)		(2,686	)		143,540			543,193			6,052,371			1,727,899			(692,897	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		79			8			1,384			(4,220	)		4,097,522			3,766,330			366,082			228,307
Transfers between funds		(269,671	)		262,995			(76,935	)		(2,749,963	)		(806,936	)		(290,920	)		(267,096	)		1,993,788
Surrenders (note 6)		(15,906	)		(47,100	)		-			-			(3,142,937	)		(5,051,189	)		(646,973	)		(628,799	)
Death benefits (note 4)		(5,331	)		(7,226	)		(1,191	)		(130,391	)		(423,104	)		(570,580	)		(13,860	)		(339,331	)
Net policy repayments (loans) (note 5)		-			-			-			59,294			(186,588	)		163,841			30,074			64,190
Deductions for surrender charges (note 2d)		-			-			-			-			(1,636	)		(2,917	)		-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(8,178	)		(9,843	)		(6,865	)		(24,699	)		(3,377,607	)		(3,325,228	)		(428,781	)		(389,909	)
Asset charges (note 3):
FPVUL & VEL contracts		-			-			-			(5	)		(195,612	)		(219,282	)		(22,174	)		(20,861	)
MSP contracts		-			-			-			-			(5,840	)		(7,092	)		(1,647	)		(1,553	)
SL contracts or LSFP contracts		-			-			-			-			(16,383	)		(17,984	)		(2,322	)		(2,051	)
Adjustments to maintain reserves		(1	)		2			309			6,514			1,055			7,991			43			28
Net equity transactions		(299,008	)		198,836			(83,298	)		(2,843,470	)		(4,058,066	)		(5,547,030	)		(986,654	)		903,809
Net change in contract owners’ equity		(264,694	)		190,816			(85,984	)		(2,699,930	)		(3,514,873	)		505,341			741,245			210,912
Contract owners’ equity beginning of period		1,230,126			1,039,310			437,298			3,137,228			89,520,714			89,015,373			12,742,577			12,531,665
Contract owners’ equity end of period	$	965,432			1,230,126			351,314			437,298			86,005,841			89,520,714			13,483,822			12,742,577
CHANGES IN UNITS:
Beginning units		104,625			87,841			20,793			176,408			3,760,319			4,030,458			656,054			617,230
Units purchased		-			22,186			75			230			334,362			307,264			44,241			459,283
Units redeemed		(25,746	)		(5,402	)		(4,294	)		(155,845	)		(447,707	)		(577,403	)		(93,273	)		(420,459	)
Ending units		78,879			104,625			16,574			20,793			3,646,974			3,760,319			607,022			656,054

	FIP						FIGBS						FMCS						FMMP
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	606,990			833,807			4,004,748			4,074,283			127,998			138,089			1,420			-
Realized gain (loss) on investments		1,887,634			2,422,243			(204,023	)		(523,374	)		(77,131	)		1,457,252			-			-
Change in unrealized gain (loss) on investments		3,029,372			(2,744,568	)		3,497,427			(5,318,505	)		1,999,382			(8,149,939	)		-			-
Reinvested capital gains		50,473			23,251			81,868			127,077			2,510,379			6,009,549			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		5,574,469			534,733			7,380,020			(1,640,519	)		4,560,628			(545,049	)		1,420			-
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		5,229			1,898			2,532,039			1,664,295			1,771,728			1,699,316			-			-
Transfers between funds		(238,990	)		13,964,305			10,783,694			22,909,778			(1,592,280	)		(4,857,132	)		9,556,817			-
Surrenders (note 6)		(844,463	)		(1,808,100	)		(2,315,119	)		(2,408,131	)		(4,778,727	)		(3,440,765	)		(191,000	)		-
Death benefits (note 4)		(241,755	)		(284,334	)		(401,534	)		(65,032	)		(129,612	)		(107,914	)		-			-
Net policy repayments (loans) (note 5)		-			-			(132,672	)		6,359			66,347			(132,977	)		-			-
Deductions for surrender charges (note 2d)		-			-			(456	)		(1,185	)		(1,346	)		(2,474	)		-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(397,599	)		(365,699	)		(2,126,907	)		(1,906,105	)		(1,226,023	)		(1,226,525	)		(14,435	)		-
Asset charges (note 3):
FPVUL & VEL contracts		-			-			(23,897	)		(25,756	)		(76,732	)		(92,075	)		-			-
MSP contracts		-			-			(3,726	)		(3,844	)		(4,253	)		(4,496	)		-			-
SL contracts or LSFP contracts		-			-			(8,076	)		(7,701	)		(11,293	)		(12,662	)		-			-
Adjustments to maintain reserves		331			1			854			(18	)		181			(57	)		98			-
Net equity transactions		(1,717,247	)		11,508,071			8,304,200			20,162,660			(5,982,010	)		(8,177,761	)		9,351,480			-
Net change in contract owners’ equity		3,857,222			12,042,804			15,684,220			18,522,141			(1,421,382	)		(8,722,810	)		9,352,900			-
Contract owners’ equity beginning of period		46,835,841			34,793,037			170,471,100			151,948,959			41,543,203			50,266,013			-			-
Contract owners’ equity end of period	$	50,693,063			46,835,841			186,155,320			170,471,100			40,121,821			41,543,203			9,352,900			-
CHANGES IN UNITS:
Beginning units		2,841,994			2,135,022			10,467,562			9,237,349			977,992			1,164,190			-			-
Units purchased		-			856,530			918,336			1,586,606			63,305			42,622			955,677			-
Units redeemed		(86,378	)		(149,558	)		(437,687	)		(356,393	)		(197,740	)		(228,820	)		(20,542	)		-
Ending units		2,755,616			2,841,994			10,948,211			10,467,562			843,557			977,992			935,135			-

	FOS						FVSS						FF05S						FF15S
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	210,115			233,301			34,110			37,283			3,773			2,746			97,252			168,602
Realized gain (loss) on investments		201,818			847,327			173,115			1,041,060			(2,136	)		193			(311,500	)		181,306
Change in unrealized gain (loss) on investments		(1,371,624	)		(1,453,059	)		77,116			(1,184,629	)		7,036			(5,727	)		265,254			(454,356	)
Reinvested capital gains		27,212			18,961			-			4,120			1,970			361			291,446			54,176
Net increase (decrease) in contract owners’ equity resulting from operations		(932,479	)		(353,470	)		284,341			(102,166	)		10,643			(2,427	)		342,452			(50,272	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		660,243			461,694			129,077			123,236			19			2			213,200			330,847
Transfers between funds		(850,704	)		10,854,064			(187,512	)		(1,650,801	)		157,867			89,017			(2,830,504	)		1,828,265
Surrenders (note 6)		(889,871	)		(1,767,228	)		(105,854	)		(94,861	)		(4,990	)		(5,300	)		(235,445	)		(252,054	)
Death benefits (note 4)		(58,295	)		(75,844	)		(1,245	)		(236,993	)		(871	)		(688	)		(8,302	)		(8,494	)
Net policy repayments (loans) (note 5)		19,020			37,753			4,176			4,858			-			-			(4,735	)		(3,222	)
Deductions for surrender charges (note 2d)		(694	)		(610	)		(14	)		(127	)		-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(694,255	)		(605,284	)		(130,752	)		(150,992	)		(2,017	)		(1,018	)		(141,053	)		(193,308	)
Asset charges (note 3):
FPVUL & VEL contracts		(45,565	)		(41,140	)		(11,073	)		(13,482	)		-			-			(765	)		(909	)
MSP contracts		(1,219	)		(1,113	)		(141	)		(153	)		-			-			-			-
SL contracts or LSFP contracts		(6,245	)		(5,502	)		(334	)		(438	)		-			-			-			-
Adjustments to maintain reserves		21			(13	)		21			(25	)		(10	)		(2	)		49			15
Net equity transactions		(1,867,564	)		8,856,777			(303,651	)		(2,019,778	)		149,998			82,011			(3,007,555	)		1,701,140
Net change in contract owners’ equity		(2,800,043	)		8,503,307			(19,310	)		(2,121,944	)		160,641			79,584			(2,665,103	)		1,650,868
Contract owners’ equity beginning of period		18,130,581			9,627,274			3,457,479			5,579,423			171,219			91,635			10,782,045			9,131,177
Contract owners’ equity end of period	$	15,330,538			18,130,581			3,438,169			3,457,479			331,860			171,219			8,116,942			10,782,045
CHANGES IN UNITS:
Beginning units		882,090			527,024			133,932			210,258			13,584			7,230			785,176			660,580
Units purchased		44,018			814,756			8,559			7,155			12,175			6,904			43,597			179,516
Units redeemed		(147,604	)		(459,690	)		(20,765	)		(83,481	)		(605	)		(550	)		(269,106	)		(54,920	)
Ending units		778,504			882,090			121,726			133,932			25,154			13,584			559,667			785,176

	FF25S						FF40S						GVMCE						GVCSE
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	216,081			217,305			85,277			94,944			239,574			57,226			681			100
Realized gain (loss) on investments		27,906			467,557			26,275			439,019			(3,665,563	)		6,311,028			(4,145	)		(4,040	)
Change in unrealized gain (loss) on investments		324,699			(833,914	)		199,275			(620,117	)		7,439,462			(14,080,635	)		11,915			(5,177	)
Reinvested capital gains		408,452			73,306			262,373			43,025			12,988			3,193,109			1,951			8,843
Net increase (decrease) in contract owners’ equity resulting from operations		977,138			(75,746	)		573,200			(43,129	)		4,026,461			(4,519,272	)		10,402			(274	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		205,584			311,257			455,474			181,138			45,973			61,258			-			-
Transfers between funds		3,589,241			3,768,518			1,164,414			1,381,857			(17,169,809	)		(16,082,002	)		503,737			23,527
Surrenders (note 6)		(507,574	)		(760,696	)		(240,260	)		(316,240	)		(1,523,422	)		(3,531,170	)		-			-
Death benefits (note 4)		(26,849	)		(36,000	)		(34,859	)		(8,416	)		(151,948	)		(92,645	)		-			-
Net policy repayments (loans) (note 5)		123,159			(155,447	)		(12,821	)		5,553			654,606			36,486			-			-
Deductions for surrender charges (note 2d)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(276,676	)		(228,885	)		(157,394	)		(130,081	)		(366,718	)		(501,834	)		(5,478	)		(3,605	)
Asset charges (note 3):
FPVUL & VEL contracts		(882	)		(1,033	)		(859	)		(858	)		-			-			(25	)		(22	)
MSP contracts		-			-			-			-			-			-			-			-
SL contracts or LSFP contracts		-			-			-			-			-			-			-			-
Adjustments to maintain reserves		94			(8	)		59			1			286			(89	)		(6	)		5
Net equity transactions		3,106,097			2,897,706			1,173,754			1,112,954			(18,511,032	)		(20,109,996	)		498,228			19,905
Net change in contract owners’ equity		4,083,235			2,821,960			1,746,954			1,069,825			(14,484,571	)		(24,629,268	)		508,630			19,631
Contract owners’ equity beginning of period		13,753,120			10,931,160			6,716,605			5,646,780			38,868,918			63,498,186			59,353			39,722
Contract owners’ equity end of period	$	17,836,355			13,753,120			8,463,559			6,716,605			24,384,347			38,868,918			567,983			59,353
CHANGES IN UNITS:
Beginning units		974,642			769,831			429,474			358,910			1,165,986			1,722,307			4,569			2,986
Units purchased		304,917			285,431			142,190			99,377			27,786			2,346			31,237			2,503
Units redeemed		(86,100	)		(80,620	)		(63,811	)		(28,813	)		(547,578	)		(558,667	)		(467	)		(920	)
Ending units		1,193,459			974,642			507,853			429,474			646,194			1,165,986			35,339			4,569

	GVGOPS						GVGMNS						SBVSG						BNCAI
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	(3,505	)		(3,582	)		53			23			(24,218	)		(24,439	)		13,106			(20,487	)
Realized gain (loss) on investments		(181,531	)		(165,353	)		(700	)		924			(428,485	)		(75,569	)		(61,629	)		359,343
Change in unrealized gain (loss) on investments		203,432			(60,394	)		1,593			(3,049	)		679,565			(650,497	)		20,485			(1,586,865	)
Reinvested capital gains		8,984			119,074			-			577			458,852			250,052			397,350			783,787
Net increase (decrease) in contract owners’ equity resulting from operations		27,380			(110,255	)		946			(1,525	)		685,714			(500,453	)		369,312			(464,222	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		124,341			160,356			1,354			1,285			795,320			878,039			119,274			159,303
Transfers between funds		(259,908	)		383,689			(8,295	)		(360	)		474,679			2,704,324			(2,219,684	)		(2,182,156	)
Surrenders (note 6)		(30,057	)		(246,576	)		-			(8,390	)		(654,068	)		(670,397	)		(956,380	)		(126,277	)
Death benefits (note 4)		-			(220	)		-			-			(75,471	)		(11,029	)		(6,507	)		(4,041	)
Net policy repayments (loans) (note 5)		(1,107	)		246			(40	)		(64	)		(13,284	)		(30,247	)		680,569			19,322
Deductions for surrender charges (note 2d)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(28,671	)		(29,060	)		(1,339	)		(1,603	)		(198,906	)		(185,716	)		(76,956	)		(94,525	)
Asset charges (note 3):
FPVUL & VEL contracts		(96	)		(80	)		(114	)		(141	)		(1,700	)		(1,038	)		(45	)		(49	)
MSP contracts		-			-			-			-			-			-			-			-
SL contracts or LSFP contracts		-			-			-			-			-			-			-			-
Adjustments to maintain reserves		(8	)		11			7			2			71			(3	)		74			(13	)
Net equity transactions		(195,506	)		268,366			(8,427	)		(9,271	)		326,641			2,683,933			(2,459,655	)		(2,228,436	)
Net change in contract owners’ equity		(168,126	)		158,111			(7,481	)		(10,796	)		1,012,355			2,183,480			(2,090,343	)		(2,692,658	)
Contract owners’ equity beginning of period		1,422,670			1,264,559			26,382			37,178			11,222,935			9,039,455			7,628,457			10,321,115
Contract owners’ equity end of period	$	1,254,544			1,422,670			18,901			26,382			12,235,290			11,222,935			5,538,114			7,628,457
CHANGES IN UNITS:
Beginning units		98,136			82,502			2,301			3,054			614,965			472,936			219,509			281,384
Units purchased		14,382			38,878			115			107			151,038			198,155			27,844			5,338
Units redeemed		(27,017	)		(23,244	)		(836	)		(860	)		(131,285	)		(56,126	)		(96,103	)		(67,213	)
Ending units		85,501			98,136			1,580			2,301			634,718			614,965			151,250			219,509

	OVGR						OVGS						OVIG						OVGI
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	19,512			(19,003	)		635,094			891,815			98,417			48,964			328,782			282,515
Realized gain (loss) on investments		264,896			1,631,191			1,947,453			6,866,639			(240,036	)		(40,431	)		302,545			971,051
Change in unrealized gain (loss) on investments		(1,786,574	)		(3,585,060	)		(7,341,044	)		(9,612,017	)		(208,566	)		(311,357	)		(857,756	)		(4,973,461	)
Reinvested capital gains		1,134,448			2,549,306			4,564,074			4,917,842			253,641			369,692			3,618,968			4,806,256
Net increase (decrease) in contract owners’ equity resulting from operations		(367,718	)		576,434			(194,423	)		3,064,279			(96,544	)		66,868			3,392,539			1,086,361
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		21,285			42,434			3,098,848			2,917,112			1,178,601			286,378			1,128,983			1,157,135
Transfers between funds		(967,738	)		(3,094,453	)		(1,287,259	)		(3,216,690	)		6,763,318			3,108,864			65,721			(493,672	)
Surrenders (note 6)		(341,884	)		(907,707	)		(4,726,982	)		(2,122,796	)		(270,115	)		(155,866	)		(1,070,457	)		(1,177,100	)
Death benefits (note 4)		(29,428	)		(27,737	)		(230,825	)		(188,356	)		(56,071	)		(555	)		(130,782	)		(248,436	)
Net policy repayments (loans) (note 5)		213			(1,060	)		(381,272	)		(389,434	)		(11,040	)		10,851			(110,909	)		(26,854	)
Deductions for surrender charges (note 2d)		-			-			(1,587	)		(2,711	)		-			-			(453	)		(2,573	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(261,498	)		(286,464	)		(1,716,029	)		(1,746,600	)		(291,382	)		(154,248	)		(1,311,913	)		(1,252,448	)
Asset charges (note 3):
FPVUL & VEL contracts		(44	)		(180	)		(90,098	)		(106,800	)		(3,689	)		(856	)		(93,438	)		(99,934	)
MSP contracts		-			-			(5,087	)		(5,943	)		-			-			(4,186	)		(4,225	)
SL contracts or LSFP contracts		-			-			(11,776	)		(13,690	)		-			-			(7,328	)		(7,382	)
Adjustments to maintain reserves		(533	)		938			296			10			45			5			16			1
Net equity transactions		(1,579,627	)		(4,274,229	)		(5,351,771	)		(4,875,898	)		7,309,667			3,094,573			(1,534,746	)		(2,155,488	)
Net change in contract owners’ equity		(1,947,345	)		(3,697,795	)		(5,546,194	)		(1,811,619	)		7,213,123			3,161,441			1,857,793			(1,069,127	)
Contract owners’ equity beginning of period		12,220,538			15,918,333			74,591,145			76,402,764			6,271,624			3,110,183			30,977,868			32,046,995
Contract owners’ equity end of period	$	10,273,193			12,220,538			69,044,951			74,591,145			13,484,747			6,271,624			32,835,661			30,977,868
CHANGES IN UNITS:
Beginning units		701,016			914,523			3,251,249			3,457,910			567,662			290,603			1,317,469			1,408,467
Units purchased		8,877			6,487			208,358			186,110			746,087			305,164			81,242			73,419
Units redeemed		(105,872	)		(219,994	)		(446,364	)		(392,771	)		(65,201	)		(28,105	)		(143,698	)		(164,417	)
Ending units		604,021			701,016			3,013,243			3,251,249			1,248,548			567,662			1,255,013			1,317,469

	OVSC						OVAG						OVSB						PMVAAA
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	34,134			58,791			(9,849	)		(11,928	)		857,814			1,300,440			522,092			759,773
Realized gain (loss) on investments		(534	)		434,129			617,682			1,423,445			(225,123	)		(421,949	)		(1,123,681	)		(1,140,261	)
Change in unrealized gain (loss) on investments		820,876			(1,865,155	)		(1,948,657	)		(2,011,294	)		454,100			(1,400,706	)		3,049,279			(1,813,156	)
Reinvested capital gains		253,053			970,386			1,878,904			2,382,946			-			-			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		1,107,529			(401,849	)		538,080			1,783,169			1,086,791			(522,215	)		2,447,690			(2,193,644	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		640,941			754,062			1,042,473			1,118,544			272,933			726,030			383,190			235,225
Transfers between funds		(527,673	)		77,440			(540,255	)		(970,448	)		(370,342	)		821,764			(865,254	)		(3,364,278	)
Surrenders (note 6)		(463,901	)		(726,597	)		(1,104,213	)		(1,831,233	)		(1,805,176	)		(2,835,868	)		(373,289	)		(759,216	)
Death benefits (note 4)		(16,516	)		(8,295	)		(105,881	)		(151,064	)		(241	)		(4,589	)		(111,065	)		(161,580	)
Net policy repayments (loans) (note 5)		14,026			(11,731	)		99,715			18,572			(291,488	)		(344,898	)		(3,473	)		(10,312	)
Deductions for surrender charges (note 2d)		(570	)		(305	)		-			(77	)		(316	)		(718	)		-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(244,857	)		(253,777	)		(1,146,610	)		(1,168,729	)		(192,235	)		(193,121	)		(239,560	)		(295,949	)
Asset charges (note 3):
FPVUL & VEL contracts		(19,520	)		(21,529	)		(79,119	)		(89,114	)		(6,750	)		(7,027	)		(3,308	)		(3,250	)
MSP contracts		(459	)		(539	)		(1,420	)		(1,561	)		(108	)		(80	)		-			-
SL contracts or LSFP contracts		(3,378	)		(3,402	)		(3,569	)		(3,899	)		(37,788	)		(47,605	)		-			-
Adjustments to maintain reserves		16			(4	)		1,959			5,102			6			(1	)		156			(41	)
Net equity transactions		(621,891	)		(194,677	)		(1,836,920	)		(3,073,907	)		(2,431,505	)		(1,886,113	)		(1,212,603	)		(4,359,401	)
Net change in contract owners’ equity		485,638			(596,526	)		(1,298,840	)		(1,290,738	)		(1,344,714	)		(2,408,328	)		1,235,087			(6,553,045	)
Contract owners’ equity beginning of period		6,604,590			7,201,116			25,440,131			26,730,869			18,872,561			21,280,889			20,816,920			27,369,965
Contract owners’ equity end of period	$	7,090,228			6,604,590			24,141,291			25,440,131			17,527,847			18,872,561			22,052,007			20,816,920
CHANGES IN UNITS:
Beginning units		177,013			181,616			1,117,680			1,275,602			1,411,021			1,555,119			1,268,463			1,513,875
Units purchased		7,936			16,587			59,549			68,241			32,726			68,292			115,227			19,946
Units redeemed		(23,979	)		(21,190	)		(135,861	)		(226,163	)		(213,626	)		(212,390	)		(193,545	)		(265,358	)
Ending units		160,970			177,013			1,041,368			1,117,680			1,230,121			1,411,021			1,190,145			1,268,463

	PMVRSA						PMVFBA						PMVLGA						PMVLDA
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	1,665			1,350			16,567			20,463			43,598			49,413			567,263			1,663,091
Realized gain (loss) on investments		(7,714	)		(9,415	)		(55,055	)		(44,538	)		320,082			87,015			(766,389	)		(420,973	)
Change in unrealized gain (loss) on investments		27,656			(7,630	)		119,503			(82,502	)		(187,530	)		(168,979	)		705,346			(1,114,082	)
Reinvested capital gains		-			-			-			5,347			-			-			-			-
Net increase (decrease) in contract owners’ equity resulting from operations		21,607			(15,695	)		81,015			(101,230	)		176,150			(32,551	)		506,220			128,036
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		61,502			2,356			86,092			42,012			245,836			222,907			1,420,342			1,670,553
Transfers between funds		42,216			33,493			(409,656	)		707,917			(1,753,918	)		154,203			(10,596,345	)		(11,429,236	)
Surrenders (note 6)		(1,625	)		(2,383	)		(144,733	)		(61,829	)		-			(82,062	)		(1,603,788	)		(3,467,899	)
Death benefits (note 4)		-			-			(156,592	)		(46	)		-			-			(268,934	)		(205,183	)
Net policy repayments (loans) (note 5)		(587	)		(3,199	)		(5,296	)		19,063			(37,982	)		(30,239	)		641,087			55,607
Deductions for surrender charges (note 2d)		-			-			(199	)		-			-			-			(323	)		(113	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(3,312	)		(1,833	)		(47,767	)		(44,431	)		(43,188	)		(42,742	)		(828,371	)		(949,731	)
Asset charges (note 3):
FPVUL & VEL contracts		(432	)		(224	)		(2,177	)		(2,450	)		(29	)		(46	)		(17,701	)		(21,058	)
MSP contracts		-			-			(31	)		(31	)		-			-			(1,204	)		(1,177	)
SL contracts or LSFP contracts		-			-			(468	)		(366	)		-			-			(2,596	)		(2,757	)
Adjustments to maintain reserves		2			(1	)		125			(213	)		286			(317	)		1,633			(2,064	)
Net equity transactions		97,764			28,209			(680,702	)		659,626			(1,588,995	)		221,704			(11,256,200	)		(14,353,058	)
Net change in contract owners’ equity		119,371			12,514			(599,687	)		558,396			(1,412,845	)		189,153			(10,749,980	)		(14,225,022	)
Contract owners’ equity beginning of period		49,651			37,137			1,934,119			1,375,723			2,725,551			2,536,398			50,361,877			64,586,899
Contract owners’ equity end of period	$	169,022			49,651			1,334,432			1,934,119			1,312,706			2,725,551			39,611,897			50,361,877
CHANGES IN UNITS:
Beginning units		8,994			4,998			160,948			106,364			183,456			167,933			3,359,878			4,315,631
Units purchased		18,747			5,140			26,430			63,998			58,738			26,689			240,679			166,239
Units redeemed		(1,153	)		(1,144	)		(78,719	)		(9,414	)		(154,417	)		(11,166	)		(988,442	)		(1,121,992	)
Ending units		26,588			8,994			108,659			160,948			87,777			183,456			2,612,115			3,359,878

	PMVRRA						PMVTRA						PIVEMI						PIHYB1
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	1,340,144			2,719,251			1,651,841			4,669,738			3,064			28,173			203,136			230,829
Realized gain (loss) on investments		(4,855,695	)		(3,429,599	)		(1,243,164	)		(2,325,675	)		(171,037	)		(143,169	)		(149,268	)		(333,262	)
Change in unrealized gain (loss) on investments		7,131,930			(1,159,640	)		1,722,319			(1,948,588	)		195,028			(86,496	)		521,670			(250,895	)
Reinvested capital gains		-			-			-			956,880			-			96,814			-			176,411
Net increase (decrease) in contract owners’ equity resulting from operations		3,616,379			(1,869,988	)		2,130,996			1,352,355			27,055			(104,678	)		575,538			(176,917	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		2,357,518			3,700,983			5,917,355			4,703,784			3,873			15,359			318,900			41,701
Transfers between funds		(15,785,409	)		(23,406,868	)		(4,803,039	)		(79,070,397	)		(296,016	)		(5,755	)		105,069			(1,227,629	)
Surrenders (note 6)		(2,009,833	)		(4,792,443	)		(11,312,075	)		(6,694,905	)		(69	)		(35,171	)		(100,993	)		(77,607	)
Death benefits (note 4)		(765,747	)		(123,889	)		(440,284	)		(729,212	)		-			15			(38,364	)		(8,318	)
Net policy repayments (loans) (note 5)		(22,077	)		277,260			3,561,909			(615,632	)		(5,616	)		(22,517	)		15,912			8,118
Deductions for surrender charges (note 2d)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(847,680	)		(942,273	)		(1,664,351	)		(1,861,424	)		(9,310	)		(10,060	)		(84,693	)		(87,577	)
Asset charges (note 3):
FPVUL & VEL contracts		(9,056	)		(8,046	)		(39,666	)		(37,354	)		(874	)		(939	)		(937	)		(854	)
MSP contracts		-			-			-			-			-			-			-			-
SL contracts or LSFP contracts		-			-			-			-			-			-			-			-
Adjustments to maintain reserves		(3,816	)		(314	)		8,618			(6,293	)		3			2			679			(297	)
Net equity transactions		(17,086,100	)		(25,295,590	)		(8,771,533	)		(84,311,433	)		(308,009	)		(59,066	)		215,573			(1,352,463	)
Net change in contract owners’ equity		(13,469,721	)		(27,165,578	)		(6,640,537	)		(82,959,078	)		(280,954	)		(163,744	)		791,111			(1,529,380	)
Contract owners’ equity beginning of period		68,846,366			96,011,944			85,963,454			168,922,532			660,266			824,010			3,941,198			5,470,578
Contract owners’ equity end of period	$	55,376,645			68,846,366			79,322,917			85,963,454			379,312			660,266			4,732,309			3,941,198
CHANGES IN UNITS:
Beginning units		3,850,039			5,207,734			4,440,358			8,771,801			120,357			127,281			154,355			204,952
Units purchased		280,354			252,011			734,217			446,018			761			17,101			19,141			7,192
Units redeemed		(1,182,443	)		(1,609,706	)		(1,182,590	)		(4,777,461	)		(55,814	)		(24,025	)		(11,030	)		(57,789	)
Ending units		2,947,950			3,850,039			3,991,985			4,440,358			65,304			120,357			162,466			154,355

	PVGIB						PVGOB					PVTIGB						PVTSCB
	2016			2015			2016			2015		2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	15,566			18,519			-			-		29,513			13,129			8,647			4,792
Realized gain (loss) on investments		35,956			64,016			32			-		42,576			58,197			(62,163	)		(70,712	)
Change in unrealized gain (loss) on investments		44,131			(163,319	)		8,380			-		(99,753	)		(73,704	)		200,135			(62,090	)
Reinvested capital gains		27,489			-			-			-		-			-			91,160			88,346
Net increase (decrease) in contract owners’ equity resulting from operations		123,142			(80,784	)		8,412			-		(27,664	)		(2,378	)		237,779			(39,664	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		37,272			50,543			5,431			-		26,918			44,115			77,369			2,393
Transfers between funds		(82,316	)		19,698			1,149,494			-		(15,602	)		25,862			(117,147	)		160,158
Surrenders (note 6)		(22,332	)		(253,781	)		-			-		(90,158	)		(161,183	)		(2,148	)		(1,697	)
Death benefits (note 4)		-			-			-			-		(3,737	)		(16,671	)		-			(11	)
Net policy repayments (loans) (note 5)		7,717			173,980			6,736			-		7,113			20,191			(466	)		(403	)
Deductions for surrender charges (note 2d)		(588	)		-			-			-		(15	)		(42	)		-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(45,215	)		(48,644	)		(5,582	)		-		(35,105	)		(46,287	)		(28,814	)		(25,006	)
Asset charges (note 3):
FPVUL & VEL contracts		(3,190	)		(3,853	)		(410	)		-		(2,293	)		(3,074	)		(155	)		(126	)
MSP contracts		(45	)		(47	)		(60	)		-		(17	)		(15	)		-			-
SL contracts or LSFP contracts		(512	)		(552	)		(48	)		-		(356	)		(429	)		-			-
Adjustments to maintain reserves		(7	)		(15	)		1			-		(11	)		(3	)		5			(6	)
Net equity transactions		(109,216	)		(62,671	)		1,155,562			-		(113,263	)		(137,536	)		(71,356	)		135,302
Net change in contract owners’ equity		13,926			(143,455	)		1,163,974			-		(140,927	)		(139,914	)		166,423			95,638
Contract owners’ equity beginning of period		939,191			1,082,646			-			-		971,980			1,111,894			832,325			736,687
Contract owners’ equity end of period	$	953,117			939,191			1,163,974			-		831,053			971,980			998,748			832,325
CHANGES IN UNITS:
Beginning units		41,318			44,044			-			-		45,227			51,810			61,145			51,730
Units purchased		1,769			3,811			115,922			-		2,614			2,826			5,797			11,210
Units redeemed		(6,631	)		(6,537	)		(1,181	)		-		(8,199	)		(9,409	)		(9,243	)		(1,795	)
Ending units		36,456			41,318			114,741			-		39,642			45,227			57,699			61,145

	PVTVB						ACGI						ACEG						AVBVI
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	14,274			17,063			45,633			136,142			-			-			(3	)		10,552
Realized gain (loss) on investments		(53,253	)		58,525			(235,204	)		150,165			83,193			50,542			(167	)		66,450
Change in unrealized gain (loss) on investments		5,900			(393,229	)		694,361			(1,239,878	)		(172,967	)		(5,413	)		(93	)		(132,970	)
Reinvested capital gains		50,757			233,250			476,281			772,632			102,736			5,791			174			31,138
Net increase (decrease) in contract owners’ equity resulting from operations		17,678			(84,391	)		981,071			(180,939	)		12,962			50,920			(89	)		(24,830	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		47,909			68,766			(13,815	)		18,169			56,839			57,670			205			14,364
Transfers between funds		(1,317,801	)		(100,953	)		240,197			77,690			(144,095	)		208,169			(8,677	)		(519,757	)
Surrenders (note 6)		(53,959	)		(87,793	)		(17,329	)		(409,181	)		(96,191	)		(55,420	)		-			(118,060	)
Death benefits (note 4)		(1,951	)		(4,018	)		-			(22	)		(7,138	)		-			-			-
Net policy repayments (loans) (note 5)		6,921			17,635			(898	)		(655	)		19,350			10,079			-			118,060
Deductions for surrender charges (note 2d)		-			(113	)		-			-			(59	)		(159	)		-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(42,947	)		(52,536	)		(72,520	)		(69,578	)		(52,555	)		(52,674	)		(483	)		(4,563	)
Asset charges (note 3):
FPVUL & VEL contracts		(3,389	)		(4,842	)		(36	)		(39	)		(4,377	)		(4,377	)		-			-
MSP contracts		(448	)		(604	)		-			-			(207	)		(248	)		-			-
SL contracts or LSFP contracts		(576	)		(752	)		-			-			(178	)		(168	)		-			-
Adjustments to maintain reserves		-			(5	)		18			17			4			-			(7	)		25
Net equity transactions		(1,366,241	)		(165,215	)		135,617			(383,599	)		(228,607	)		162,872			(8,962	)		(509,931	)
Net change in contract owners’ equity		(1,348,563	)		(249,606	)		1,116,688			(564,538	)		(215,645	)		213,792			(9,051	)		(534,761	)
Contract owners’ equity beginning of period		1,348,563			1,598,169			4,730,237			5,294,775			1,322,616			1,108,824			9,527			544,288
Contract owners’ equity end of period	$	-			1,348,563			5,846,925			4,730,237			1,106,971			1,322,616			476			9,527
CHANGES IN UNITS:
Beginning units		53,180			59,171			288,247			312,024			85,010			74,837			496			24,969
Units purchased		2,396			3,061			16,366			1,575			4,338			18,178			12			763
Units redeemed		(55,576	)		(9,052	)		(6,237	)		(25,352	)		(19,776	)		(8,005	)		(487	)		(25,236	)
Ending units		-			53,180			298,376			288,247			69,572			85,010			21			496

	AVHY1						AVIE						AVMCCI						AVSCE
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	563,575			757,679			547,970			578,894			(199	)		708			(557	)		(253	)
Realized gain (loss) on investments		(262,311	)		(60,012	)		1,612,198			3,810,415			(51,522	)		(14,751	)		(42,933	)		(21,332	)
Change in unrealized gain (loss) on investments		1,149,530			(1,152,971	)		(2,520,375	)		(5,901,229	)		60,083			(38,348	)		53,568			(43,040	)
Reinvested capital gains		-			-			-			-			27,727			39,216			17,325			42,403
Net increase (decrease) in contract owners’ equity resulting from operations		1,450,794			(455,304	)		(360,207	)		(1,511,920	)		36,089			(13,175	)		27,403			(22,222	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		334,329			280,857			1,690,071			2,025,128			23,618			31,930			-			-
Transfers between funds		(440,421	)		(581,516	)		(389,178	)		(4,796,861	)		(99,664	)		20,812			33,342			225,243
Surrenders (note 6)		(640,052	)		(703,125	)		(4,220,400	)		(6,568,474	)		(4,656	)		(56,141	)		-			-
Death benefits (note 4)		(48,057	)		(131,905	)		(103,221	)		(149,568	)		-			(4,680	)		-			(4	)
Net policy repayments (loans) (note 5)		563			47,335			(71,559	)		46,727			(501	)		(4,520	)		(52	)		(1,995	)
Deductions for surrender charges (note 2d)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(139,884	)		(151,325	)		(581,953	)		(615,625	)		(11,651	)		(13,542	)		(1,677	)		(630	)
Asset charges (note 3):
FPVUL & VEL contracts		(364	)		(482	)		(2,725	)		(3,105	)		(455	)		(412	)		-			-
MSP contracts		-			-			-			-			-			-			-			-
SL contracts or LSFP contracts		-			-			-			-			-			-			-			-
Adjustments to maintain reserves		155			(132	)		168			(58	)		6			(7	)		5			(2	)
Net equity transactions		(933,731	)		(1,240,293	)		(3,678,797	)		(10,061,836	)		(93,303	)		(26,560	)		31,618			222,612
Net change in contract owners’ equity		517,063			(1,695,597	)		(4,039,004	)		(11,573,756	)		(57,214	)		(39,735	)		59,021			200,390
Contract owners’ equity beginning of period		13,801,155			15,496,752			47,081,685			58,655,441			402,728			442,463			200,390			-
Contract owners’ equity end of period	$	14,318,218			13,801,155			43,042,681			47,081,685			345,514			402,728			259,411			200,390
CHANGES IN UNITS:
Beginning units		1,054,103			1,143,753			2,038,231			2,475,931			21,154			22,264			19,997			-
Units purchased		31,617			36,625			262,658			278,070			2,034			4,587			3,329			20,260
Units redeemed		(100,332	)		(126,275	)		(424,991	)		(715,770	)		(7,204	)		(5,697	)		(169	)		(263	)
Ending units		985,388			1,054,103			1,875,898			2,038,231			15,984			21,154			23,157			19,997

	ROCMC						RVARS						TREI2						TRHS2
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	34,150			(18,834	)		536			5,292			523,471			869,104			(28,140	)		(38,827	)
Realized gain (loss) on investments		(740,554	)		(124,506	)		9,750			28,794			3,502,292			6,969,013			2,792,366			4,087,794
Change in unrealized gain (loss) on investments		1,903,622			(1,541,321	)		(12,149	)		(21,158	)		(2,126,377	)		(14,033,326	)		(6,483,689	)		(2,725,705	)
Reinvested capital gains		-			446,667			-			-			2,612,541			1,216,426			171,039			2,580,507
Net increase (decrease) in contract owners’ equity resulting from operations		1,197,218			(1,237,994	)		(1,863	)		12,928			4,511,927			(4,978,783	)		(3,548,424	)		3,903,769
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		248,190			447,745			17,699			5,601			1,650,397			1,563,365			624,525			615,647
Transfers between funds		(1,658,524	)		(2,504,334	)		264,350			(416,266	)		(28,293,862	)		(14,809,993	)		(7,371,673	)		1,165,213
Surrenders (note 6)		(289,121	)		(854,055	)		(53,022	)		(20,753	)		(1,610,076	)		(3,158,696	)		(1,150,540	)		(1,259,110	)
Death benefits (note 4)		(17,715	)		(66,320	)		-			-			(111,687	)		(270,039	)		(104,381	)		(143,796	)
Net policy repayments (loans) (note 5)		578			9,147			(3,319	)		3,359			639,689			(26,872	)		(30,272	)		(226,256	)
Deductions for surrender charges (note 2d)		-			-			-			-			-			-			(921	)		(411	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(122,527	)		(154,484	)		(33,952	)		(29,630	)		(440,840	)		(823,267	)		(704,093	)		(773,385	)
Asset charges (note 3):
FPVUL & VEL contracts		(1,280	)		(1,438	)		(1,472	)		(2,846	)		(2,844	)		(3,659	)		(32,834	)		(42,291	)
MSP contracts		-			-			-			-			-			-			(1,791	)		(1,962	)
SL contracts or LSFP contracts		-			-			-			-			-			-			(7,401	)		(9,715	)
Adjustments to maintain reserves		29			25			(4	)		(4	)		240			(32	)		74			37
Net equity transactions		(1,840,370	)		(3,123,714	)		190,280			(460,539	)		(28,168,983	)		(17,529,193	)		(8,779,307	)		(676,029	)
Net change in contract owners’ equity		(643,152	)		(4,361,708	)		188,417			(447,611	)		(23,657,056	)		(22,507,976	)		(12,327,731	)		3,227,740
Contract owners’ equity beginning of period		6,917,448			11,279,156			342,230			789,841			51,431,936			73,939,912			34,363,964			31,136,224
Contract owners’ equity end of period	$	6,274,296			6,917,448			530,647			342,230			27,774,880			51,431,936			22,036,233			34,363,964
CHANGES IN UNITS:
Beginning units		261,835			372,394			32,120			75,501			2,107,227			2,807,870			999,696			1,018,380
Units purchased		23,874			16,575			35,260			3,117			95,241			67,441			27,573			82,203
Units redeemed		(86,628	)		(127,134	)		(17,334	)		(46,498	)		(1,243,027	)		(768,084	)		(308,244	)		(100,887	)
Ending units		199,081			261,835			50,046			32,120			959,441			2,107,227			719,025			999,696

	TRLT1						TRMCG2						TRNAG1						TRPSB1
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	235,090			202,315			(53,393	)		(58,571	)		(64,057	)		(82,814	)		54,657			54,248
Realized gain (loss) on investments		(77,599	)		(101,809	)		(295,514	)		5,240,635			(2,084,600	)		2,310,271			(188,191	)		(125,093	)
Change in unrealized gain (loss) on investments		114,377			(96,311	)		49,969			(6,026,438	)		631,470			(2,590,922	)		279,097			(216,742	)
Reinvested capital gains		-			-			1,493,887			2,808,783			1,734,518			4,090,222			91,725			266,599
Net increase (decrease) in contract owners’ equity resulting from operations		271,868			4,195			1,194,949			1,964,409			217,331			3,726,757			237,288			(20,988	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		279,362			304,872			31,967			(28,237	)		2,815,837			2,396,113			374,173			138,534
Transfers between funds		(4,913,962	)		11,909,945			409,211			(11,583,147	)		(6,513,369	)		(2,388,278	)		19,824			708,184
Surrenders (note 6)		(3,711,993	)		(4,881,861	)		(72,582	)		(3,242,433	)		(2,667,924	)		(3,871,779	)		(344,557	)		(1,140,617	)
Death benefits (note 4)		(16,811	)		(146,667	)		(20,402	)		(405,560	)		(349,349	)		(48,880	)		-			(3,117	)
Net policy repayments (loans) (note 5)		(229,178	)		2,071			675,819			(21,086	)		383,960			(476,989	)		51,619			(40,644	)
Deductions for surrender charges (note 2d)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(275,496	)		(300,711	)		(198,434	)		(224,267	)		(590,852	)		(619,854	)		(61,447	)		(49,041	)
Asset charges (note 3):
FPVUL & VEL contracts		(534	)		(613	)		-			-			(7,246	)		(9,692	)		(363	)		(1,048	)
MSP contracts		-			-			-			-			-			-			-			-
SL contracts or LSFP contracts		-			-			-			-			-			-			-			-
Adjustments to maintain reserves		1,287			(1,842	)		218			(67	)		216			18			58			(8	)
Net equity transactions		(8,867,325	)		6,885,194			825,797			(15,504,797	)		(6,928,727	)		(5,019,341	)		39,307			(387,757	)
Net change in contract owners’ equity		(8,595,457	)		6,889,389			2,020,746			(13,540,388	)		(6,711,396	)		(1,292,584	)		276,595			(408,745	)
Contract owners’ equity beginning of period		24,014,768			17,125,379			20,838,600			34,378,988			41,821,955			43,114,539			3,704,524			4,113,269
Contract owners’ equity end of period	$	15,419,311			24,014,768			22,859,346			20,838,600			35,110,559			41,821,955			3,981,119			3,704,524
CHANGES IN UNITS:
Beginning units		2,318,939			1,654,482			442,133			770,625			1,528,987			1,705,856			231,861			255,954
Units purchased		62,380			1,242,581			36,748			5,669			211,304			235,566			32,030			51,965
Units redeemed		(909,160	)		(578,124	)		(20,329	)		(334,161	)		(469,777	)		(412,435	)		(29,573	)		(76,058	)
Ending units		1,472,159			2,318,939			458,552			442,133			1,270,514			1,528,987			234,318			231,861

	TRBCGP						VWEM						VWHA						VVB
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	(82,494	)		(62,903	)		30,500			62,574			64,794			(36,549	)		179,797			182,292
Realized gain (loss) on investments		1,509,207			1,409,080			(120,107	)		(579,295	)		(3,880,140	)		(2,353,188	)		59,478			253,999
Change in unrealized gain (loss) on investments		(881,856	)		1,993,768			58,637			(1,865,592	)		14,108,839			(7,885,482	)		267,508			(881,341	)
Reinvested capital gains		-			-			39,636			718,177			-			-			344,830			394,520
Net increase (decrease) in contract owners’ equity resulting from operations		544,857			3,339,945			8,666			(1,664,136	)		10,293,493			(10,275,219	)		851,613			(50,530	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		4,843,919			4,853,313			265,248			274,879			1,358,320			1,618,946			957			109
Transfers between funds		3,545,674			7,689,575			64,526			(3,671,528	)		(202,933	)		2,753,237			885,363			1,218,023
Surrenders (note 6)		(2,352,011	)		(1,002,682	)		(222,034	)		(553,918	)		(1,280,453	)		(1,799,591	)		(150,391	)		(306,301	)
Death benefits (note 4)		(1,648	)		(77,499	)		(34,629	)		(36,336	)		(97,481	)		(107,971	)		(40,315	)		(48,965	)
Net policy repayments (loans) (note 5)		(134,038	)		(75,625	)		43,666			109,060			(50,294	)		22,638			-			-
Deductions for surrender charges (note 2d)		-			-			(61	)		-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(690,535	)		(512,766	)		(303,572	)		(352,633	)		(627,769	)		(543,234	)		(67,994	)		(65,442	)
Asset charges (note 3):
FPVUL & VEL contracts		(15,983	)		(13,972	)		(15,869	)		(20,592	)		(19,014	)		(18,846	)		-			-
MSP contracts		-			-			(337	)		(418	)		(150	)		(227	)		-			-
SL contracts or LSFP contracts		-			-			(2,041	)		(2,552	)		(1,071	)		(1,260	)		-			-
Adjustments to maintain reserves		252			(3	)		(24	)		211			312			(150	)		63			(18	)
Net equity transactions		5,195,630			10,860,341			(205,127	)		(4,253,827	)		(920,533	)		1,923,542			627,683			797,406
Net change in contract owners’ equity		5,740,487			14,200,286			(196,461	)		(5,917,963	)		9,372,960			(8,351,677	)		1,479,296			746,876
Contract owners’ equity beginning of period		41,876,661			27,676,375			8,091,073			14,009,036			22,688,388			31,040,065			7,865,315			7,118,439
Contract owners’ equity end of period	$	47,617,148			41,876,661			7,894,612			8,091,073			32,061,348			22,688,388			9,344,611			7,865,315
CHANGES IN UNITS:
Beginning units		2,425,545			1,776,681			238,851			336,325			891,836			809,893			489,833			442,815
Units purchased		750,563			751,993			18,388			12,483			127,262			160,614			50,650			73,112
Units redeemed		(434,945	)		(103,129	)		(24,863	)		(109,957	)		(128,797	)		(78,671	)		(15,168	)		(26,094	)
Ending units		2,741,163			2,425,545			232,376			238,851			890,301			891,836			525,315			489,833

	VVCG						VVDV						VVI						VVMCI
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	97,224			(13,263	)		338,089			350,675			104,996			55,479			308,108			143,902
Realized gain (loss) on investments		(21,164	)		43			379,235			708,830			27,395			193,527			812,689			814,562
Change in unrealized gain (loss) on investments		729,348			105,878			77,004			(2,447,870	)		(205,005	)		(836,825	)		(261,900	)		(2,777,348	)
Reinvested capital gains		259,870			-			747,681			986,258			142,329			60,454			1,800,809			885,839
Net increase (decrease) in contract owners’ equity resulting from operations		1,065,278			92,658			1,542,009			(402,107	)		69,715			(527,365	)		2,659,706			(933,045	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		741			(266	)		1,671			603			1,770			(80	)		4,959			(663	)
Transfers between funds		961,080			10,448,462			(1,360,393	)		(1,241,874	)		(1,100,018	)		6,049,610			(1,710,909	)		12,889,324
Surrenders (note 6)		(186,428	)		(378,301	)		(222,347	)		(540,700	)		(135,878	)		(366,600	)		(453,591	)		(1,050,399	)
Death benefits (note 4)		(37,129	)		(24,947	)		(75,548	)		(96,368	)		(38,051	)		(52,379	)		(126,229	)		(156,645	)
Net policy repayments (loans) (note 5)		-			-			-			-			-			-			-			-
Deductions for surrender charges (note 2d)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(83,568	)		(45,613	)		(108,326	)		(119,324	)		(68,608	)		(69,707	)		(213,852	)		(206,954	)
Asset charges (note 3):
FPVUL & VEL contracts		-			-			-			-			-			-			-			-
MSP contracts		-			-			-			-			-			-			-			-
SL contracts or LSFP contracts		-			-			-			-			-			-			-			-
Adjustments to maintain reserves		65			(2	)		89			5			60			(11	)		169			7
Net equity transactions		654,761			9,999,333			(1,764,854	)		(1,997,658	)		(1,340,725	)		5,560,833			(2,499,453	)		11,474,670
Net change in contract owners’ equity		1,720,039			10,091,991			(222,845	)		(2,399,765	)		(1,271,010	)		5,033,468			160,253			10,541,625
Contract owners’ equity beginning of period		10,091,991			-			14,000,476			16,400,241			9,330,551			4,297,083			26,993,273			16,451,648
Contract owners’ equity end of period	$	11,812,030			10,091,991			13,777,631			14,000,476			8,059,541			9,330,551			27,153,526			26,993,273
CHANGES IN UNITS:
Beginning units		1,016,660			-			942,963			1,075,270			867,678			395,718			1,540,845			923,730
Units purchased		88,265			1,062,717			-			-			1			516,149			-			696,051
Units redeemed		(29,178	)		(46,057	)		(119,808	)		(132,307	)		(130,477	)		(44,189	)		(143,002	)		(78,936	)
Ending units		1,075,747			1,016,660			823,155			942,963			737,202			867,678			1,397,843			1,540,845

	VVREI						VVSTC						VVSCG						VVHGB
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	211,253			152,700			89,911			76,654			5,269			7,131			441,697			336,636
Realized gain (loss) on investments		164,883			233,365			(7,534	)		(37,140	)		(75,569	)		(22,409	)		(33,629	)		(157,341	)
Change in unrealized gain (loss) on investments		(336,706	)		(600,317	)		54,939			5,979			290,804			(660,162	)		(5,787	)		(341,604	)
Reinvested capital gains		611,456			325,445			-			886			347,644			513,177			58,226			71,030
Net increase (decrease) in contract owners’ equity resulting from operations		650,886			111,193			137,316			46,379			568,148			(162,263	)		460,507			(91,279	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		2,312			(794	)		224			51			728			25			1,432			(248	)
Transfers between funds		352,919			(833,552	)		519,703			684,863			78,511			249,914			2,604,603			5,728,339
Surrenders (note 6)		(153,766	)		(323,800	)		(92,583	)		(204,599	)		(77,195	)		(154,700	)		(379,111	)		(783,900	)
Death benefits (note 4)		(51,011	)		(56,771	)		(28,046	)		(30,217	)		(21,407	)		(28,202	)		(98,561	)		(123,036	)
Net policy repayments (loans) (note 5)		-			-			-			-			-			-			-			-
Deductions for surrender charges (note 2d)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(75,745	)		(74,293	)		(45,982	)		(40,935	)		(33,173	)		(34,770	)		(185,908	)		(162,995	)
Asset charges (note 3):
FPVUL & VEL contracts		-			-			-			-			-			-			-			-
MSP contracts		-			-			-			-			-			-			-			-
SL contracts or LSFP contracts		-			-			-			-			-			-			-			-
Adjustments to maintain reserves		75			9			20			8			13			(3	)		138			(23	)
Net equity transactions		74,784			(1,289,201	)		353,336			409,171			(52,523	)		32,264			1,942,593			4,658,137
Net change in contract owners’ equity		725,670			(1,178,008	)		490,652			455,550			515,625			(129,999	)		2,403,100			4,566,858
Contract owners’ equity beginning of period		8,495,138			9,673,146			5,513,186			5,057,636			4,021,049			4,151,048			20,534,955			15,968,097
Contract owners’ equity end of period	$	9,220,808			8,495,138			6,003,838			5,513,186			4,536,674			4,021,049			22,938,055			20,534,955
CHANGES IN UNITS:
Beginning units		477,496			554,659			439,398			406,789			240,856			241,303			1,792,381			1,395,545
Units purchased		16,989			-			40,382			54,537			3,324			12,181			221,746			489,881
Units redeemed		(15,179	)		(77,163	)		(12,964	)		(21,928	)		(7,264	)		(12,628	)		(56,237	)		(93,045	)
Ending units		479,306			477,496			466,816			439,398			236,916			240,856			1,957,890			1,792,381

	WRASP						WRGP						WRHIP						WRMCG
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	54,386			40,279			(15,006	)		(3,420	)		2,711,630			2,501,877			(10,906	)		(13,780	)
Realized gain (loss) on investments		(2,956,905	)		62,495			(698,650	)		(2,557	)		(1,537,892	)		(832,503	)		(535,333	)		(5,105	)
Change in unrealized gain (loss) on investments		2,491,470			(3,819,448	)		(1,125,365	)		(510,609	)		4,306,807			(4,694,091	)		500,716			(928,712	)
Reinvested capital gains		-			2,345,337			1,888,577			525,750			-			435,234			333,815			490,678
Net increase (decrease) in contract owners’ equity resulting from operations		(411,049	)		(1,371,337	)		49,556			9,164			5,480,545			(2,589,483	)		288,292			(456,919	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		595,814			709,755			411,664			491,738			780,145			981,737			297,479			481,958
Transfers between funds		(5,478,611	)		1,622,490			(2,863,914	)		15,897,294			(2,733,156	)		(4,750,807	)		(2,796,342	)		1,942,205
Surrenders (note 6)		(771,983	)		(689,917	)		(103,116	)		(604,826	)		(852,584	)		(699,809	)		(47,440	)		(71,446	)
Death benefits (note 4)		(165,993	)		(233,338	)		(12,999	)		(18	)		(108,110	)		(2,759	)		(54,535	)		(13,285	)
Net policy repayments (loans) (note 5)		(4,287	)		(14,864	)		(20,435	)		(9,388	)		(63,141	)		(105,199	)		3,578			6,652
Deductions for surrender charges (note 2d)		(2,387	)		(381	)		-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(470,553	)		(500,986	)		(195,300	)		(88,455	)		(444,562	)		(449,772	)		(105,642	)		(132,913	)
Asset charges (note 3):
FPVUL & VEL contracts		(24,349	)		(33,884	)		(1,272	)		(1,863	)		(5,672	)		(6,898	)		(1,724	)		(2,264	)
MSP contracts		(518	)		(624	)		-			-			-			-			-			-
SL contracts or LSFP contracts		(3,027	)		(3,851	)		-			-			-			-			-			-
Adjustments to maintain reserves		8			(3	)		55			17			168			(3	)		20			8
Net equity transactions		(6,325,886	)		854,397			(2,785,317	)		15,684,499			(3,426,912	)		(5,033,510	)		(2,704,606	)		2,210,915
Net change in contract owners’ equity		(6,736,935	)		(516,940	)		(2,735,761	)		15,693,663			2,053,633			(7,622,993	)		(2,416,314	)		1,753,996
Contract owners’ equity beginning of period		14,359,260			14,876,200			19,112,081			3,418,418			36,199,055			43,822,048			6,616,270			4,862,274
Contract owners’ equity end of period	$	7,622,325			14,359,260			16,376,320			19,112,081			38,252,688			36,199,055			4,199,956			6,616,270
CHANGES IN UNITS:
Beginning units		1,052,576			996,762			726,824			139,568			3,168,839			3,581,446			497,206			343,498
Units purchased		67,318			248,020			23,093			633,251			182,183			144,542			35,402			188,243
Units redeemed		(547,211	)		(192,206	)		(134,156	)		(45,995	)		(465,940	)		(557,149	)		(234,634	)		(34,535	)
Ending units		572,683			1,052,576			615,761			726,824			2,885,082			3,168,839			297,974			497,206

	WRRESP						WRSTP						SVDF						SVOF
	2016			2015			2016			2015			2016			2015			2016			2015
Investment activity:
Net investment income (loss)	$	75,410			83,227			(18,176	)		(23,249	)		(13,341	)		(19,554	)		100,038			(8,537	)
Realized gain (loss) on investments		(367,986	)		236,892			(1,162,290	)		645,325			(321,740	)		929,488			(23,564	)		1,706,484
Change in unrealized gain (loss) on investments		(227,393	)		(870,992	)		690,860			(1,996,424	)		106,434			(3,499,131	)		(6,347	)		(2,911,383	)
Reinvested capital gains		725,353			857,574			499,483			932,305			994,544			2,319,407			562,582			935,022
Net increase (decrease) in contract owners’ equity resulting from operations		205,384			306,701			9,877			(442,043	)		765,897			(269,790	)		632,709			(278,414	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		691,070			946,173			1,392,819			1,466,721			964,234			1,018,582			2,383			17,401
Transfers between funds		1,225,472			(1,771,487	)		(1,578,510	)		(1,032,658	)		(3,345,233	)		957,625			(21,291	)		(3,185,090	)
Surrenders (note 6)		(146,059	)		(358,538	)		(521,995	)		(921,060	)		(212,022	)		(569,089	)		-			(191,824	)
Death benefits (note 4)		(47,521	)		(932	)		(87,587	)		(79,327	)		(207,150	)		(666	)		-			(1,651	)
Net policy repayments (loans) (note 5)		(11,954	)		(16,890	)		(499,735	)		(595,179	)		(45,613	)		55,119			(1,771	)		-
Deductions for surrender charges (note 2d)		-			-			-			-			-			-			-			-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(142,580	)		(142,397	)		(321,673	)		(345,690	)		(176,876	)		(181,876	)		(77,596	)		(97,930	)
Asset charges (note 3):
FPVUL & VEL contracts		(6,058	)		(7,148	)		(9,524	)		(11,751	)		(12,674	)		(12,014	)		-			(17	)
MSP contracts		-			-			-			-			-			-			-			-
SL contracts or LSFP contracts		-			-			-			-			-			-			-			-
Adjustments to maintain reserves		2			12			70			(32	)		60			(8	)		59			11
Net equity transactions		1,562,372			(1,351,207	)		(1,626,135	)		(1,518,976	)		(3,035,274	)		1,267,673			(98,216	)		(3,459,100	)
Net change in contract owners’ equity		1,767,756			(1,044,506	)		(1,616,258	)		(1,961,019	)		(2,269,377	)		997,883			534,493			(3,737,514	)
Contract owners’ equity beginning of period		6,956,811			8,001,317			15,064,146			17,025,165			16,264,113			15,266,230			5,486,988			9,224,502
Contract owners’ equity end of period	$	8,724,567			6,956,811			13,447,888			15,064,146			13,994,736			16,264,113			6,021,481			5,486,988
CHANGES IN UNITS:
Beginning units		323,475			387,600			740,554			811,657			938,219			867,277			234,040			379,694
Units purchased		85,695			119,057			86,579			73,859			72,351			140,784			2,777			7,003
Units redeemed		(18,710	)		(183,182	)		(175,172	)		(144,962	)		(261,637	)		(69,842	)		(7,395	)		(152,657	)
Ending units		390,460			323,475			651,961			740,554			748,933			938,219			229,422			234,040

	WFVSCG						MIGIC					FHISR					MVRISC
	2016			2015			2016		2015			2016		2015			2016		2015
Investment activity:
Net investment income (loss)	$	(7,591	)		(9,794	)		-		28,322			-		10,244			-		73,528
Realized gain (loss) on investments		(654,920	)		379,829			-		738,759			-		23,462			-		373,021
Change in unrealized gain (loss) on investments		451,060			(1,417,695	)		-		(1,017,898	)		-		152,161			-		(248,986	)
Reinvested capital gains		523,918			824,663			-		297,947			-		-			-		-
Net increase (decrease) in contract owners’ equity resulting from operations		312,467			(222,997	)		-		47,130			-		185,867			-		197,563
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		213,643			404,723			-		32,802			-		109,650			-		217
Transfers between funds		(1,152,860	)		176,013			-		(3,469,871	)		-		(4,116,118	)		-		(3,009,796	)
Surrenders (note 6)		(837,193	)		(261,670	)		-		(20,633	)		-		(104,063	)		-		(2,478	)
Death benefits (note 4)		(15,416	)		(96,684	)		-		-			-		(46,591	)		-		(5,675	)
Net policy repayments (loans) (note 5)		6,859			(37,501	)		-		(23,561	)		-		5,676			-		(764	)
Deductions for surrender charges (note 2d)		(288	)		(49	)		-		-			-		-			-		-
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		(109,949	)		(131,120	)		-		(33,423	)		-		(64,465	)		-		(11,603	)
Asset charges (note 3):
FPVUL & VEL contracts		(4,726	)		(6,287	)		-		(3,487	)		-		(4,517	)		-		(50	)
MSP contracts		(25	)		(29	)		-		(19	)		-		(144	)		-		-
SL contracts or LSFP contracts		(1,012	)		(1,143	)		-		(148	)		-		(436	)		-		-
Adjustments to maintain reserves		46			62			-		(10	)		-		1			-		-
Net equity transactions		(1,900,921	)		46,315			-		(3,518,350	)		-		(4,221,007	)		-		(3,030,149	)
Net change in contract owners’ equity		(1,588,454	)		(176,682	)		-		(3,471,220	)		-		(4,035,140	)		-		(2,832,586	)
Contract owners’ equity beginning of period		6,201,275			6,377,957			-		3,471,220			-		4,035,140			-		2,832,586
Contract owners’ equity end of period	$	4,612,821			6,201,275			-		-			-		-			-		-
CHANGES IN UNITS:
Beginning units		390,465			389,785			-		129,370			-		262,020			-		288,102
Units purchased		16,134			44,930			-		1,906			-		8,488			-		12,816
Units redeemed		(136,451	)		(44,250	)		-		(131,276	)		-		(270,508	)		-		(300,918	)
Ending units		270,148			390,465			-		-			-		-			-		-

	FOSR					CAF						NVMIG3					AMFAS
	2016		2015			2016			2015			2016		2015			2016		2015
Investment activity:
Net investment income (loss)	$	-		-			19,571			57,511			-		-			-		(563	)
Realized gain (loss) on investments		-		2,938,980			3,341,232			970,194			-		-			-		(216,041	)
Change in unrealized gain (loss) on investments		-		(1,887,078	)		(4,805,528	)		(2,302,463	)		-		-			-		(56,197	)
Reinvested capital gains		-		-			1,404,949			2,060,769			-		-			-		260,397
Net increase (decrease) in contract owners’ equity resulting from operations		-		1,051,902			(39,776	)		786,011			-		-			-		(12,404	)
Equity transactions:
Purchase payments received from contract owners (notes 2a and 6)		-		219,069			276,455			1,009,699			-		-			-		53,035
Transfers between funds		-		(12,128,561	)		(16,138,685	)		107,219			-		-			-		(1,593,065	)
Surrenders (note 6)		-		(156,651	)		(444,878	)		(1,178,466	)		-		-			-		(71,960	)
Death benefits (note 4)		-		(41,811	)		(43,429	)		(195,232	)		-		-			-		(10,200	)
Net policy repayments (loans) (note 5)		-		(872	)		16,979			128,526			-		-			-		(11,060	)
Deductions for surrender charges (note 2d)		-		(257	)		-			(9	)		-		-			-		(77	)
Redemptions to pay cost of insurance charges and administration charges (notes 2b and 2c)		-		(151,836	)		(275,533	)		(941,753	)		-		-			-		(35,943	)
Asset charges (note 3):
FPVUL & VEL contracts		-		(14,102	)		(18,488	)		(65,942	)		-		-			-		(3,123	)
MSP contracts		-		(246	)		(505	)		(1,854	)		-		-			-		(50	)
SL contracts or LSFP contracts		-		(1,303	)		(669	)		(3,198	)		-		-			-		(203	)
Adjustments to maintain reserves		-		253			8,986			(21	)		-		-			-		(13	)
Net equity transactions		-		(12,276,317	)		(16,619,767	)		(1,141,031	)		-		-			-		(1,672,659	)
Net change in contract owners’ equity		-		(11,224,415	)		(16,659,543	)		(355,020	)		-		-			-		(1,685,063	)
Contract owners’ equity beginning of period		-		11,224,415			16,659,543			17,014,563			-		-			-		1,685,063
Contract owners’ equity end of period	$	-		-			-			16,659,543			-		-			-		-
CHANGES IN UNITS:
Beginning units		-		677,999			1,029,042			1,099,344			-		-			-		76,374
Units purchased		-		15,479			43,072			85,331			-		6			-		9,390
Units redeemed		-		(693,478	)		(1,072,114	)		(155,633	)		-		(6	)		-		(85,764	)
Ending units		-		-			-			1,029,042			-		-			-		-

See accompanying notes to financial statements.

NATIONWIDE VLI SEPARATE ACCOUNT-4

NOTES TO FINANCIAL STATEMENTS

December 31, 2016

(1) Background and Summary of Significant Accounting Policies

(a) Organization and Nature of Operations

The Nationwide VLI Separate Account-4 (the Account) was established pursuant to a resolution of the Board of Directors of Nationwide Life Insurance Company (the Company) on December 3, 1997. The Account is registered as a unit investment trust under the Investment Company Act of 1940. The Account is an Investment Company and follows accounting and reporting guidance under Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 946, Financial Services – Investment Companies. The Company offers Flexible Premium, Modified Single Premium, Variable Executive Life and Survivorship Life Variable Life Insurance Policies through the Account. The primary distribution for contracts is through wholesalers and brokers.

(b) The Contracts

Only contracts with a front-end sales load and certain other fees have been offered for purchase. See note 2 for a discussion of policy charges and note 3 for asset charges.

With certain exceptions, contract owners may invest in the following:

AB FUNDS

VPS Dynamic Asset Allocation Portfolio - Class A (ALVDAA)

VPS Growth and Income Portfolio - Class A (ALVGIA)

VPS Growth and Income Portfolio - Class B (ALVGIB)*

VPS International Value Portfolio - Class A (ALVIVA)

VPS International Value Portfolio - Class B (ALVIVB)*

VPS Small/Mid Cap Value Portfolio - Class A (ALVSVA)

VPS Small/Mid Cap Value Portfolio - Class B (ALVSVB)*

AMERICAN CENTURY INVESTORS, INC.

VP Inflation Protection Fund - Class I (ACVIP1)

AMERICAN FUNDS GROUP (THE)

Asset Allocation Fund - Class 2 (AMVAA2)

Bond Fund - Class 2 (AMVBD2)

Global Small Capitalization Fund - Class 2 (AMVGS2)

Growth Fund - Class 2 (AMVGR2)

International Fund - Class 2 (AMVI2)

New World Fund - Class 2 (AMVNW2)

BLACKROCK FUNDS

Variable Series Funds, Inc. - BlackRock High Yield V.I. Fund- Class I (BRVHYI)

Large Cap Core V.I. Fund - Class II (MLVLC2)

Global Allocation V.I. Fund - Class II (MLVGA2)

CALVERT GROUP

VP S&P 500 Index Portfolio (CVSPIP)

DAVIS FUNDS

Value Portfolio (DAVVL)

DELAWARE GROUP

VIP Emerging Markets Series: Service Class (DWVEMS)

VIP Small Cap Value Series: Service Class (DWVSVS)

DIMENSIONAL FUND ADVISORS INC.

VA Inflation-Protected Securities Portfolio (DFVIPS)

VA International Small Portfolio (DFVIS)

VA U.S. Targeted Value Portfolio (DFVUTV)

DREYFUS CORPORATION

Stock Index Fund, Inc. - Initial Shares (DSIF)

Stock Index Fund, Inc. - Service Shares (DSIFS)*

MidCap Stock Portfolio - Initial Shares (DVMCS)

Small Cap Stock Index Portfolio - Service Shares (DVSCS)

Socially Responsible Growth Fund Inc - Initial Shares (DSRG)

Appreciation Portfolio - Initial Shares (DCAP)

Appreciation Portfolio - Service Shares (DCAPS)*

Opportunistic Small Cap Portfolio: Initial Shares (DSC)

International Value Portfolio - Initial Shares (DVIV)

DEUTSCHE ASSET & WEALTH MANAGEMENT

Global Income Builder VIP - Class A (DSGIBA)

Small Cap Index VIP - Class A (BISCI)*

Variable Series II - DWS Small Mid Cap Value VIP - Class B (SVSSVB)

Variable Series II - DWS Large Cap Value VIP - Class B (SVSLVB)

EATON VANCE FUNDS

Floating-Rate Income Fund (ETVFR)

FIDELITY INVESTMENTS

VIP Freedom Fund 2015 Portfolio: Service Class 2 (FF15S2)*

VIP Contrafund(R) Portfolio - Service Class (FCS)

VIP Energy Portfolio - Service Class 2 (FNRS2)

VIP Equity-Income Portfolio - Service Class (FEIS)

VIP Equity-Income Portfolio - Service Class 2 (FEI2)*

VIP Freedom Fund 2010 Portfolio - Service Class (FF10S)

VIP Freedom Fund 2020 Portfolio - Service Class (FF20S)

VIP Freedom Fund 2020 Portfolio - Service Class 2 (FF20S2)*

VIP Freedom Fund 2030 Portfolio - Service Class (FF30S)

VIP Freedom Fund 2030 Portfolio - Service Class 2 (FF30S2)*

VIP Freedom Income Fund Portfolio - Service Class (FFINS)

VIP Growth & Income Portfolio - Service Class (FGIS)*

VIP Growth Opportunities Portfolio - Service Class (FGOS)

VIP Growth Portfolio - Service Class (FGS)

VIP Growth Portfolio - Service Class 2 (FG2)*

VIP High Income Portfolio - Service Class (FHIS)

VIP Index 500 Portfolio - Initial Class (FIP)

VIP Investment Grade Bond Portfolio - Service Class (FIGBS)

VIP Investment Grade Bond Portfolio - Service Class 2 (FIGBP2)*

VIP Mid Cap Portfolio - Service Class (FMCS)

VIP Mid Cap Portfolio - Service Class 2 (FMC2)*

VIP Money Market Portfolio - Initial Class (FMMP)

VIP Overseas Portfolio - Service Class (FOS)

VIP Value Strategies Portfolio - Service Class (FVSS)

VIP Fidelity VIP Freedom Fund 2005 Portfolio - Service Class (FF05S)

VIP Fidelity VIP Freedom Fund 2015 Portfolio - Service Class (FF15S)

VIP Fidelity VIP Freedom Fund 2025 Portfolio - Service Class (FF25S)

VIP Fidelity VIP Freedom Fund 2025 Portfolio - Service Class 2 (FF25S2)*

VIP Fidelity VIP Freedom Fund 2040 Portfolio - Service Class (FF40S)

VIP Fidelity VIP Freedom Fund 2040 Portfolio - Service Class 2 (FF40S2)*

FRANKLIN TEMPLETON DISTRIBUTORS, INC.

Franklin Income Securities Fund - Class 2 (FTVIS2)

Rising Dividends Securities Fund - Class 1 (FTVRDI)

Small Cap Value Securities Fund - Class 1 (FTVSVI)

Small Cap Value Securities Fund - Class 2 (FTVSV2)

Mutual Global Discovery Securities Fund - Class 2 (FTVMD2)

Templeton Developing Markets Securities Fund - Class 2 (FTVDM2)

Templeton Foreign Securities Fund - Class 1 (TIF)

Templeton Foreign Securities Fund - Class 2 (TIF2)

Templeton Global Bond Securities Fund - Class 2 (FTVGI2)

VIP Founding Funds Allocation Fund - Class 2 (FTVFA2)

VIP Trust - Templeton Global Bond VIP Fund: Class 1 (FTVGB1)

INVESCO INVESTMENTS

Van Kampen V.I. Mid Cap Growth Fund - Series I Shares (IVKMG1)

Balanced-Risk Allocation Fund: Series I Shares (IVBRA1)

VI American Franchise Fund - Series II Shares (ACEG2)*

VI Growth and Income Fund - Series I Shares (ACGI)

VI Growth and Income Fund - Series II Shares (VKLGI2)*

VI American Value Fund: Series I Shares (MSVMV)*

VI American Franchise Fund - Series I Shares (ACEG)

VI Value Opportunities Fund - Series I Shares (AVBVI)

VI High Yield Fund - Series I Shares (AVHY1)

VI International Growth Fund - Series I Shares (AVIE)

VI Mid Cap Core Equity Fund: Series I Shares (AVMCCI)

VI Small Cap Equity Fund - Series I Shares (AVSCE)

J.P. MORGAN INVESTMENT MANAGEMENT INC.

Mid Cap Value Portfolio: Class 1 (JPMMV1)

Small Cap Core Portfolio 1 (JPSCE1)

Insurance Trust Core Bond Portfolio: Class 1 (OGBDP)*

Insurance Trust Intrepid Mid Cap Portfolio: Class 1 (OGDMP)*

Insurance Trust U.S. Equity Portfolio: Class 1 (OGDEP)*

JANUS FUNDS

Balanced Portfolio: Service Shares (JABS)

Enterprise Portfolio: Service Shares (JAMGS)

Flexible Bond Portfolio: Service Shares (JAFBS)

Forty Portfolio: Service Shares (JACAS)

Global Technology Portfolio: Service Shares (JAGTS)

Overseas Portfolio: Service Shares (JAIGS)

Perkins Mid Cap Value Portfolio: Service Shares (JAMVS)

LAZARD FUNDS

Retirement Emerging Markets Equity Portfolio - Service Shares (LZREMS)

LORD ABBETT FUNDS

Lord Abbett Series Fund Inc. - Bond Debenture Portfolio: Class VC (LOVBD)

Lord Abbett Series Fund Inc. - Mid Cap Stock Portfolio: Class VC (LOVMCV)

Series Fund, Inc. - Total Return Portfolio - Class VC (LOVTRC)

Lord Abbett Series Fund Inc. - Short Duration Income Portfolio: Class VC (LOVSDC)

M FUNDS

M Large Cap Value Fund (MFBOV)*

M Capital Appreciation Fund (MFFCA)*

M International Equity Fund (MFBIE)*

M Large Cap Growth Fund (MFTCG)*

MASSACHUSETTS FINANCIAL SERVICES CO.

VIT II - MFS Blended Research Core Equity Portfolio- Service Class (MVBRES)

MFS Bond Portfolio - Service Class (MVBDS)*

Var Insurance Trust II - MFS Investors Growth Stock Portfolio: Initial Class (MV2IGI)

Var Insurance Trust II - MFS Research International Portfolio: Service Class (MV2RIS)

Variable Insurance Trust - MFS New Discovery Series - Intital Class (MNDIC)

New Discovery Series - Service Class (MNDSC)

Value Series - Initial Class (MVFIC)

Value Series - Service Class (MVFSC)

Variable Insurance Trust II - MFS International Value Portfolio - Service Class (MVIVSC)

MORGAN STANLEY

Core Plus Fixed Income Portfolio - Class I (MSVFI)

Emerging Markets Debt Portfolio - Class I (MSEM)

Emerging Markets Debt Portfolio - Class II (MSEMB)*

Global Real Estate Portfolio - Class II (VKVGR2)

Mid Cap Growth Portfolio - Class II (MSVMG2)*

Universal Institutional Funds, Inc. - Mid Cap Growth Portfolio- Class I (MSVMG)

Universal Institutional Funds, Inc. - Growth Portfolio - Class I (MSVEG)

U.S. Real Estate Portfolio - Class I (MSVRE)

NATIONWIDE FUNDS GROUP

NVIT Investor Destinations Managed Growth and Income Class I (IDPGI)

NVIT Investor Destinations Managed Growth Class I (IDPG)*

NVIT Cardinal Managed Growth and Income Class I (NCPGI)

NVIT Cardinal Managed Growth Class I (NCPG)

NVIT Bond Index Fund Class I (NVBX)

NVIT International Index Fund Class I (NVIX)

American Century NVIT Multi Cap Value Fund - Class I (NVAMV1)

American Funds NVIT Asset Allocation Fund - Class II (GVAAA2)

American Funds NVIT Bond Fund - Class II (GVABD2)

American Funds NVIT Global Growth Fund - Class II (GVAGG2)

American Funds NVIT Growth Fund - Class II (GVAGR2)

American Funds NVIT Growth-Income Fund - Class II (GVAGI2)

Federated NVIT High Income Bond Fund - Class I (HIBF)

NVIT Emerging Markets Fund - Class I (GEM)

NVIT International Equity Fund - Class I (GIG)

Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class II (NVIE6)

Neuberger Berman NVIT Multi Cap Opportunities Fund - Class I (NVNMO1)

Neuberger Berman NVIT Socially Responsible Fund - Class I (NVNSR1)

Neuberger Berman NVIT Socially Responsible Fund - Class II (NVNSR2)*

NVIT Cardinal Aggressive Fund - Class I (NVCRA1)

NVIT Cardinal Balanced Fund - Class I (NVCRB1)

NVIT Cardinal Capital Appreciation Fund - Class I (NVCCA1)

NVIT Cardinal Conservative Fund - Class I (NVCCN1)

NVIT Cardinal Moderate Fund - Class I (NVCMD1)

NVIT Cardinal Moderately Aggressive Fund - Class I (NVCMA1)

NVIT Cardinal Moderately Conservative Fund - Class I (NVCMC1)

NVIT Core Bond Fund - Class I (NVCBD1)

NVIT Core Plus Bond Fund - Class I (NVLCP1)

NVIT Nationwide Fund - Class I (TRF)

NVIT Government Bond Fund - Class I (GBF)

NVIT International Index Fund - Class II (GVIX2)

NVIT Investor Destinations Aggressive Fund - Class II (GVIDA)

NVIT Investor Destinations Balanced Fund - Class II (NVDBL2)

NVIT Investor Destinations Capital Appreciation Fund - Class II (NVDCA2)

NVIT Investor Destinations Conservative Fund - Class II (GVIDC)

NVIT Investor Destinations Moderate Fund - Class II (GVIDM)

NVIT Investor Destinations Moderately Aggressive Fund - Class II (GVDMA)

NVIT Investor Destinations Moderately Conservative Fund - Class II (GVDMC)

NVIT Mid Cap Index Fund - Class I (MCIF)

NVIT Mid Cap Index Fund - Class II (MCIF2)*

NVIT Money Market Fund - Class I (SAM)

NVIT Money Market Fund - Class V (SAM5)

NVIT Multi-Manager International Growth Fund - Class I (NVMIG1)

NVIT Multi-Manager International Value Fund - Class I (GVDIVI)

NVIT Multi-Manager Large Cap Growth Fund - Class I (NVMLG1)

NVIT Multi-Manager Large Cap Value Fund - Class I (NVMLV1)

NVIT Multi-Manager Mid Cap Growth Fund - Class I (NVMMG1)

NVIT Multi-Manager Mid Cap Value Fund - Class I (NVMMV1)

NVIT Multi-Manager Mid Cap Value Fund - Class II (NVMMV2)

NVIT Multi-Manager Small Cap Growth Fund - Class I (SCGF)

NVIT Multi-Manager Small Cap Value Fund - Class I (SCVF)

NVIT Multi-Manager Small Company Fund - Class I (SCF)

NVIT Multi-Sector Bond Fund - Class I (MSBF)

NVIT Short Term Bond Fund - Class I (NVSTB1)

NVIT Short Term Bond Fund - Class II (NVSTB2)

NVIT Large Cap Growth Fund - Class I (NVOLG1)

Templeton NVIT International Value Fund - Class III (NVTIV3)

Invesco NVIT Comstock Value Fund - Class I (EIF)

NVIT Real Estate Fund - Class I (NVRE1)

Loring Ward NVIT Capital Appreciation Fund - Class P (NVLCAP)

Loring Ward NVIT Moderate Fund - Class P (NVLMP)

NVIT Small Cap Index Fund Class II (NVSIX2)

NVIT S&P 500 Index Fund Class I (GVEX1)

NEUBERGER & BERMAN MANAGEMENT, INC.

Short Duration Bond Portfolio - I Class Shares (AMTB)

Guardian Portfolio - I Class Shares (AMGP)

International Portfolio - S Class Shares (AMINS)

Mid-Cap Growth Portfolio - I Class Shares (AMCG)

Mid-Cap Growth Portfolio - S Class Shares (AMMCGS)

Advisers Management Trust: Large Cap Value Portfolio - Class I (AMTP)

Advisers Management Trust: Mid Cap Intrinsic Value Portfolio - Class I (AMRI)

Advisers Management Trust: Mid Cap Intrinsic Value Portfolio - Class S (AMRS)*

Socially Responsive Portfolio - I Class Shares (AMSRS)

NORTHERN LIGHTS

TOPS Managed Risk Balanced ETF Portfolio - Class 3 (NOTB3)

TOPS Managed Risk Growth ETF Portfolio - Class 3 (NOTG3)

TOPS Managed Risk Moderate Growth ETF Portfolio - Class 3 (NOTMG3)

AMERICAN CENTURY INVESTORS INC.

VP Capital Appreciation Fund - Class I (ACVCA)

VP Income & Growth Fund - Class I (ACVIG)

VP Inflation Protection Fund - Class II (ACVIP2)

VP International Fund - Class I (ACVI)

VP Mid Cap Value Fund - Class I (ACVMV1)

VP Mid Cap Value Fund - Class II (ACVMV2)*

VP Ultra(R) Fund - Class I (ACVU1)

VP Value Fund - Class I (ACVV)

VP Value Fund - Class II (ACVV2)*

FEDERATED INVESTORS

Managed Tail Risk Fund II: Primary Shares (FVCA2P)

Quality Bond Fund II - Primary Shares (FQB)

Quality Bond Fund II - Service Shares (FQBS)*

GOLDMAN SACHS ASSET MANAGEMENT GROUP

Mid Cap Value- Institutional Shares (GVMCE)

Goldman Sachs Structured Small Cap Equity Fund (GVCSE)

VIT Growth Opportunities Fund - Service Shares (GVGOPS)

Goldman Sachs Global Markets Navigator Fund - Service Shares (GVGMNS)

LEGG MASON

ClearBridge Variable Small Cap Growth Portfolio - Class I (SBVSG)

LINCOLN FUNDS

Baron Growth Opportunities Fund Service Class (BNCAI)

OPPENHEIMER FUNDS

Oppenheimer Capital Appreciation Fund/VA - Service Class (OVCAFS)*

Capital Appreciation Fund/VA - Non-Service Shares (OVGR)

Global Securities Fund/VA - Non-Service Shares (OVGS)

Oppenheimer Variable Account Funds - Oppenheimer Global Fund/VA: Service Shares (OVGSS)*

International Growth Fund/VA - Non-Service Shares (OVIG)

Main Street Fund(R)/VA - Non-Service Shares (OVGI)

Main Street Small- & Mid-Cap Fund(R)/VA - Non-Service Shares (OVSC)

Discovery Mid Cap Growth Fund/VA - Non-Service Shares (OVAG)

Global Strategic Income Fund/VA: Non-service Shares (OVSB)

PIMCO FUNDS

All Asset Portfolio - Administrative Class (PMVAAA)

CommodityRealReturn(R) Strategy Portfolio - Administrative Class (PMVRSA)

Foreign Bond Portfolio (Unhedged) - Administrative Class (PMVFBA)

Long-Term U.S. Government Portfolio - Administrative Class (PMVLGA)

Low Duration Portfolio - Administrative Class (PMVLDA)

Real Return Portfolio - Administrative Class (PMVRRA)

Total Return Portfolio - Administrative Class (PMVTRA)

PIONEER FUNDS

Pioneer Emerging Markets VCT Portfolio - Class I Shares (PIVEMI)

Pioneer Variable Contracts Trust - Pioneer High Yield VCT Portfolio: Class I (PIHYB1)

Pioneer Variable Contracts Trust - Pioneer High Yield VCT Portfolio: Class II (PIHYB2)*

PUTNAM INVESTMENTS

VT Growth & Income Fund: Class IB (PVGIB)

VT Growth Opportunities Fund: Class IB (PVGOB)

VT International Equity Fund: Class IB (PVTIGB)

VT Small Cap Value Fund: Class IB (PVTSCB)

ROYCE CAPITAL FUNDS

Micro-Cap Portfolio - Investment Class (ROCMC)

Small-Cap Portfolio - Investment Class (ROCSC)*

GUGGENHEIM INVESTMENTS

Variable Fund - Multi-Hedge Strategies (RVARS)

T. ROWE PRICE

Blue Chip Growth Portfolio - II (TRBCG2)*

Equity Income Portfolio - II (TREI2)

Health Sciences Portfolio - II (TRHS2)

Limited-Term Bond Portfolio (TRLT1)

Limited-Term Bond Portfolio - II (TRLT2)

Mid-Cap Growth Portfolio - II (TRMCG2)

New America Growth Portfolio (TRNAG1)

Personal Strategy Balanced Portfolio (TRPSB1)

Blue Chip Growth Portfolio (TRBCGP)

VAN ECK ASSOCIATES CORPORATION

VIP Trust Emerging Markets Fund - Initial Class (VWEM)

VIP Trust Global Hard Assets Fund - Initial Class (VWHA)

VANGUARD GROUP OF INVESTMENT COMPANIES

Variable Insurance Fund - Balanced Portfolio (VVB)

Insurance Fund - Capital Growth Portfolio (VVCG)

Variable Insurance Fund - Diversified Value Portfolio (VVDV)

Variable Insurance Fund - International Portfolio (VVI)

Variable Insurance Fund - Mid-Cap Index Portfolio (VVMCI)

Variable Insurance Fund - REIT Index Portfolio (VVREI)

Variable Insurance Fund - Short-Term Investment-Grade Portfolio (VVSTC)

Variable Insurance Fund - Small Company Growth Portfolio (VVSCG)

Variable Insurance Fund - Total Bond Market Index Portfolio (VVHGB)

WADDELL & REED, INC.

Variable Insurance Portfolios - Asset Strategy (WRASP)

Variable Insurance Portfolios - Growth (WRGP)

Variable Insurance Portfolios - High Income (WRHIP)

Variable Insurance Portfolios - Mid Cap Growth (WRMCG)

Variable Insurance Portfolios - Real Estate Securities (WRRESP)

Variable Insurance Portfolios - Science and Technology (WRSTP)

WELLS FARGO FUNDS

Wells Fargo Variable Trust - VT Discovery Fund: Class 2 (SVDF)

Advantage VT Opportunity Fund - Class 2 (SVOF)

Advantage VT Small Cap Growth Fund - Class 2 (WFVSCG)

* At December 31, 2016, contract owners were not invested in this fund.

The contract owners’ equity is affected by the investment results of each fund, equity transactions by contract owners and certain policy and asset charges (see notes 2 and 3). The accompanying financial statements include only contract owners’ purchase payments pertaining to the variable portions of their contracts and exclude any purchase payments for fixed dollar benefits, the latter being included in the accounts of the Company.

A contract owner may choose from among a number of different underlying mutual fund options. The underlying mutual fund options are not available to the general public directly. The underlying mutual funds are available as investment options in variable life insurance policies issued by life insurance companies or, in some cases, through participation in certain qualified pension or retirement plans.

Some of the underlying mutual funds have been established by investment advisers which manage publicly traded mutual funds having similar names and investment objectives. While some of the underlying mutual funds may be similar to, and may in fact be modeled after, publicly traded mutual funds, the underlying mutual funds are not otherwise directly related to any publicly traded mutual fund. Consequently, the investment performance of publicly traded mutual funds and any corresponding underlying mutual funds may differ substantially.

A purchase payment could be presented as a negative equity transaction in the Statements of Changes in Contract Owners’ Equity if a prior period purchase payment is refunded to a contract owner due to a contract cancellation during the free look period, and/or if a gain is realized by the contract owner during the free look period.

The Company allocates purchase payments to sub-accounts and/or the fixed account as instructed by the contract owner. Shares of the sub-accounts are purchased at Net Asset Value, then converted into accumulation units. Certain transactions may be subject to conditions imposed by the underlying mutual funds, as well as those set forth in the contract.

(c) Security Valuation, Transactions and Related Investment Income

Investments in underlying mutual funds are valued at the closing Net Asset Value per share at December 31, 2016 of such funds. The cost of investments sold is determined on a first in - first out basis. Investment transactions are accounted for on the trade date (date the order to buy or sell is executed), and dividends and capital gain distributions are accrued as of the ex-dividend date and are reinvested in the underlying mutual funds.

(d) Federal Income Taxes

Operations of the Account form a part of, and are taxed with, operations of the Company, which is taxed as a life insurance company under the provisions of the Internal Revenue Code. The Company does not provide for income taxes within the Account. Taxes are generally the responsibility of the contract owner upon termination or withdrawal.

(e) Use of Estimates in the Preparation of Financial Statements

The preparation of financial statements in conformity with U.S. Generally Accepted Accounting Principles may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities, if any, at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

(f) Recently Issued Accounting Standards

There are no recently issued accounting standards applicable to the Account.

(g) Subsequent Events

The Company evaluated subsequent events through the date the financial statements were issued with the Securities and Exchange Commission, and no subsequent events have occurred requiring accrual or disclosure.

(h) Securities and Exchange Commission Regulations

On October 13, 2016, the Securities and Exchange Commission amended Regulation S-X, which will require standardized, enhanced disclosure about derivatives in investment company financial statements, as well as other amendments. The compliance date for the amendments to Regulation S-X is August 1, 2017. Management is currently evaluating the impact to the financial statements and disclosures.

(2) Policy Charges

(a) Deductions from Premium

For individual flexible premium and survivorship contracts, the Company deducts a minimum of 4.0% to a maximum of 8.5% of all premiums received to cover premium tax and sales expense. The Company may, at its sole discretion, reduce the sales loading portion of the premium load.

There are no deductions from premium on modified single premium contracts.

For the Corporate Series, the Company deducts a front-end sales load from each premium payment received to compensate us for our sales expenses and premium taxes, and certain actual expenses, including acquisition costs. The Company may reduce this charge where the size or nature of the group results in savings in sales, underwriting, or administrative costs. Variations due to differences in costs are determined in a manner not unfairly discriminatory to policy owners.

For Future Corporate Flexible Premium Variable Universal Life this charge is guaranteed not to exceed 12% from each premium payment received.

For Future Executive Flexible Premium Variable Universal Life this charge is guaranteed not to exceed 12% (5.5% starting in the sixth policy year) from each premium payment received.

For Next Generation Corporate Owned Flexible Premium Variable Universal Life this charge is guaranteed not to exceed 10% from each premium payment received.

For the periods ended December 31, 2016 and 2015, total front-end sales charge deductions were $11,076,473 and $11,857,145, respectively and were recognized as a reduction of purchase payments on the Statements of Changes in Contract Owners’ Equity.

(b) Cost of Insurance

A cost of insurance charge is assessed monthly against each contract by liquidating units. The amount of the charge varies widely and is based upon age, sex, rate class and net amount at risk (death benefit less total contract value).

(c) Administrative Charges

For The Best of America^® Next Generation, ChoiceLifeSM and all flexible premium survivorship contracts, the Company currently deducts a minimum monthly administration charge (for ProtectionSM flexible premium contracts this is known as the “monthly expense charge”) of $5 per policy month to a maximum of $10 per policy month to recover policy maintenance, accounting, record keeping and other administrative expenses. These charges are assessed monthly against each contract by liquidating units. For The Best of America^® Last Survivorship II and The Best of America^® ChoiceLife Survivorship Life contracts, there is an additional administrative (per specified amount) charge assessed to reimburse us for sales, underwriting, distribution and issuance costs. This charge is deducted from the policy’s Cash Value. During the first ten years from the Policy Date, the current monthly charge is $0.04 per $1,000 of Specified Amount, subject to a minimum charge of $20 and a maximum charge of $80 per month. These rates represent the maximum guaranteed charge for all years. After the tenth year from the Policy Date, the current monthly charge is $0.02 per $1,000 of Specified Amount with a $10 minimum and $40 maximum charge.

For The Best of America^® ChoiceLifeSM Survivorship II, Next GenerationSM Survivorship Life, The Best of America^® Protection Survivorship Life and The Best of America^® ChoiceLifeSM Protection contracts, the Company deducts a per $1,000 of specified amount charge for the first 3 policy years. This charge varies with the age of the insured and will not exceed $0.40 per $1,000 of Specified Amount. These charges are assessed monthly against each contract by liquidating units.

For modified single premium contracts, for all states other than New York, the Company currently deducts a minimum monthly administration charge of $10 per policy per month. The actual charge is determined by multiplying 0.30% on an annualized basis by the policy’s cash value. This charge may be reduced to 0.15% on an annualized basis for policy years 11 and later. In New York, this charge is assessed in all policy years, with a maximum charge of $7.50 per month. These charges are assessed monthly against each contract by liquidating units.

For ProtectionSM flexible premium contracts, the Company deducts a policy expense per $1,000 of specified amount charge for the first two policy years. This charge varies with the age of the insured and will not exceed $0.30 per $1,000 of specified amount. For last survivor contracts, the Company deducts a per $1,000 of specified amount charge for the first 3 policy years. This charge varies with the age of the insured and will not exceed $0.40 per $1,000 of specified amount. These charges are assessed monthly against each contract by liquidating units.

For the Corporate Series, the Company deducts a monthly administrative expense charge to recover policy maintenance, accounting, record keeping and other administrative expenses. These charges are assessed against each contract by liquidating units. Currently, this monthly charge $5 per policy in all policy years (guaranteed not to exceed $10 per policy). We also deduct a per $1,000 of specified amount charge to compensate us for sales, underwriting, distribution and issuance of the policy. This charge is assessed monthly against each contract by liquidating units. This charge varies depending on the total specified amount. For Future Corporate Flexible Premium Variable Universal Life, the Company deducts a per $1,000 of specified amount that will not exceed $0.40 per $1,000 of specified amount, unless the policy is issued in the state of New York with an application signed on or after January 2, 2010, where the maximum guaranteed charge is $0.085 of specified amount. For Next Generation Corporate Owned Flexible Premium Variable Universal Life and Future Executive Corporate Flexible Premium Variable Universal Life the Company deducts a per $1,000 of specified amount charge that will not exceed $0.40 per $1,000 of specified amount.

(d) Surrender Charges

Policy surrenders result in a redemption of the contract value from the Account and payment of the surrender proceeds to the contract owner or designee. The surrender proceeds consist of the contract value, less any outstanding policy loans, and less a surrender charge, if applicable. The amount of the charge is based upon a specified percentage of the initial surrender charge which varies by issue age, sex and rate class. For individual flexible premium, flexible premium survivorship and modified single premium and corporate contracts (such as Variable Executive Life), the charge is 100% of the initial surrender charge in the first year, and declines a specified amount in subsequent years to 0% of the initial surrender charge in the ninth year or later. The Company may waive the surrender charge for certain contracts in which the sales expenses normally associated with the distribution of a contract are not incurred. The charges are assessed against each contract by liquidating units.

For the Corporate Series, contracts do not currently assess surrender charges.

(3) Asset Charges

The Company deducts a charge related to the assumption of mortality and expense risk.

(a) Modified Single Premium Contracts (MSP)

For modified single premium contracts, the Company deducts a charge equal to an annualized rate of 0.70% of the cash surrender value of the sub-accounts. In policy years 1- 10, the Company also deducts a charge equal to the annualized rate of 0.50% of the cash surrender value of the sub-accounts to remiburse us for taxes imposed by federal, state and local governments. These charges are assessed monthly against each contract by liquidating units.

(b) Flexible Premium and Variable Executive Life Contracts (FPVUL and VEL)

For Best of America^® The Next Generation and ChoiceLifeSM contracts, during the first fifteen policy years, the Company deducts a charge of $0.50 per $1,000 on the first $25,000 of cash value attributable to the variable account, $0.25 per $1,000 on $25,001 up to $250,000 of cash value attributable to the variable account and $0.08 per $1,000 over $250,000 of cash value attributable to the variable account. Beginning in policy year sixteen, the Company deducts a charge of $0.50 per $1,000 on the first $25,000 of cash value attributable to the variable account, and $0.08 per $1,000 over

$25,000 of cash value attributable to the variable account. This charge is assessed monthly against each contract by liquidating units. For Choice Life ProtectionSM contracts and Best of America^® ProtectionSM contracts, the Company deducts $0.66 per $1,000 of cash surrender value attributable to the variable account during the first through fifteenth years from the Policy Date. Thereafter, this charge is $0.25 per $1,000 of cash surrender value attributable to the variable account. This charge is assessed monthly against each contract by liquidating units.

(c) Survivorship Life Contracts (SL)

For The Best of America^® Last Survivorship II and The Best of America^® ChoiceLife Survivorship contracts, during the first ten policy years, the Company deducts a charge of $0.46 per $1,000 on the cash surrender value attributable to the variable account. After ten years from the Policy Date, the Company deducts $0.46 per $1,000 on the first $25,000 of cash surrender value attributable to the variable account; $0.29 per $1,000 on $25,001 up to $99,999 of cash surrender value attributable to the variable account; and $0.17 per $1,000 on $100,000 or more of cash surrender value attributable to the variable account. This charge is assessed monthly against each contract by liquidating units.

For The Best of America^® ChoiceLifeSM Survivorship II and Next GenerationSM Survivorship Life contracts, during the first fifteen policy years, the Company deducts a charge of $0.50 per $1,000 on the first $25,000 of cash surrender value attributable to the variable account; $0.25 per $1,000 on $25,001 up to $250,000 of cash surrender value attributable to the variable account; and $0.08 per $1,000 over $250,000 of cash surrender value attributable to the variable account. After fifteen years from the Policy Date, the Company deducts $0.50 per $1,000 on the first $25,000 of cash surrender value attributable to the variable account and $0.08 per $1,000 over $25,000 of cash surrender value attributable to the variable account. This charge is assessed monthly against each contract by liquidating units.

For The Best of America^® ProtectionSM Survivorship and ChoiceLife ProtectionSM Survivorship Life contracts, during the first fifteen policy years, the Company deducts a charge of $0.66 per $1,000 of cash surrender value attributable to the variable account. After fifteen years from the Policy Date, the Company deducts $0.25 per $1,000 of cash surrender value attributable to the variable account. This charge is assessed monthly against each contract by liquidating units.

(d) Corporate Contracts (LSFP)

For Future Corporate Flexible Premium variable Universal Life, the Company deducts a charge guaranteed not to exceed an annualized rate of 0.90% of the daily net assets of the Account for policies issued on or after January 1, 2009. This charge is guaranteed not to exceed an annualized rate of 0.75% of the daily net assets of the Account for policies issued prior to January 1, 2009. Currently, this rate is 0.25% during the first through fourth policy years, 0.20% during the fifth through fifteenth policy years, and 0.10% thereafter. This charge is assessed monthly against each contract by liquidating units.

For Future Executive Corporate Flexible Premium Variable Universal Life, the Company deducts a charge guaranteed not to exceed an annualized rate of 0.90% of the daily net assets of the Account. Currently, this rate is 0.25% during the first through fourth policy years, 0.20% during the fifth through fifteenth policy years, and 0.10% thereafter. This charge is assessed monthly against each contract by liquidating units.

For Next Generation Corporate Owned Flexible Premium Variable Universal Life, the Company deducts a charge guaranteed not to exceed an annualized rate of 1.25% of the daily net assets of the Account. Currently, this rate will not exceed 0.60%. This charge is assessed monthly against each contract by liquidating units.

The Company may reduce or eliminate certain charges where the size or nature of the group results in savings in sales, underwriting, administrative or other costs to the Company. These charges may be reduced in certain group sponsored arrangements or special exchange programs made available by the Company.

(4) Death Benefits

Death benefit proceeds result in a redemption of the contract value from the Account and payment of those proceeds, less any outstanding policy loans (and policy charges), to the legal beneficiary. In the event that the guaranteed death benefit exceeds the contract value on the date of death, the excess is paid by the Company’s general account.

(5) Policy Loans (Net of Repayments)

Contract provisions allow contract owners to borrow 90% of a policy’s variable cash surrender value plus 100% of a policy’s fixed cash surrender value less applicable value of surrender charge. Interest is charged on the outstanding loan and is due and payable in advance on the policy anniversary. At the time the loan is granted, the amount of the loan is transferred from the Account to the Company’s general account as collateral for the outstanding loan. Collateral amounts in the general account are credited with the stated rate of interest in effect at the time the loan is made, subject to a guaranteed minimum rate. Interest credited is paid by the Company’s general account to the Account. Loan repayments result in a transfer of collateral including interest credited back to the Account.

(6) Related Party Transactions

The Company performs various services on behalf of the mutual fund companies in which the Account invests and may receive fees for the services performed. These services include, among other things, shareholder communications, postage, fund transfer agency and various other record keeping and customer service functions. These fees are paid to an affiliate of the Company.

Contract owners may, with certain restrictions, transfer their assets between the Account and a fixed dollar contract (fixed account) maintained in the accounts of the Company. These transfers are the result of the contract owner executing fund exchanges. Fund exchanges from the Account to the fixed account are included in surrenders, and fund exchanges from the fixed account to the Account are included in purchase payments received from contract owners, as applicable, on the accompanying Statements of Changes in Contract Owner’s Equity. Policy loan transactions (note 5), executed at the direction of the contract owner, also result in transfers between the Account and the fixed account of the Company, but are included in Net Policy Repayments (Loans). The fixed account assets are not reflected in the accompanying financial statements. For the periods ended December 31, 2016 and 2015, total transfers to the Account from the fixed account were $47,759,275 and $46,415,343, respectively, and total transfers from the Account to the fixed account were $83,480,348 and $92,646,180, respectively.

(7) Fair Value Measurement

FASB ASC 820, Fair Value Measurements and Disclosures, defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In determining fair value, the Account generally uses the market approach as the valuation technique due to the nature of the mutual fund investments offered in the Account. This technique maximizes the use of observable inputs and minimizes the use of unobservable inputs.

In accordance with FASB ASC 820, the Account categorized its financial instruments into a three level hierarchy based on the priority of the inputs to the valuation technique. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used to measure fair value fall within different levels of the hierarchy, the category level is based on the lowest priority level input that is significant to the fair value measurement of the instrument in its entirety.

The Account categorizes financial assets recorded at fair value as follows:

• Level 1 – Unadjusted quoted prices accessible in active markets and mutual funds where the value per share (unit) is determined and published and is the basis for current transactions for identical assets or liabilities at the measurement date.

• Level 2 – Unadjusted quoted prices for similar assets or liabilities in active markets or inputs (other than quoted prices) that are observable or that are derived principally from or corroborated by observable market data through correlation or other means.

• Level 3 – Prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. Inputs reflect management’s best estimate about the assumptions market participants would use at the measurement date in pricing the asset or liability. Consideration is given to the risk inherent in both the method of valuation and the valuation inputs.

The Account recognizes transfers between fair value hierarchy levels at the reporting period end. There were no transfers between Level 1 and 2 as of December 31, 2016.

The following table summarizes assets measured at fair value on a recurring basis as of December 31, 2016:

	Level 1		Level 2		Level 3		Total
Separate Account Investments	$	4,732,604,741	$	-	$	-	$	4,732,604,741

The cost of purchases and proceeds from sales of Investments for the year ended December 31, 2016 are as follows:

	Purchase of Investments		Sales of Investments
VPS Dynamic Asset Allocation Portfolio - Class A (ALVDAA)	$	8,859	$	44,869
VP Inflation Protection Fund - Class I (ACVIP1)		15,788,261		2,203,470
Asset Allocation Fund - Class 2 (AMVAA2)		3,117,097		471,680
Bond Fund - Class 2 (AMVBD2)		1,474,024		761,610
Global Small Capitalization Fund - Class 2 (AMVGS2)		504,528		530,670
Growth Fund - Class 2 (AMVGR2)		4,631,885		4,401,096
International Fund - Class 2 (AMVI2)		2,679,607		1,470,656
New World Fund - Class 2 (AMVNW2)		380,769		1,668
Variable Series Funds, Inc. - BlackRock High Yield V.I. Fund- Class I (BRVHYI)		2,469,897		1,552,848
Large Cap Core V.I. Fund - Class II (MLVLC2)		963,584		1,267,778
Global Allocation V.I. Fund - Class II (MLVGA2)		1,143,431		2,005,010
VP S&P 500 Index Portfolio (CVSPIP)		523,271		417,512
Value Portfolio (DAVVL)		2,139,456		840,412
VIP Emerging Markets Series: Service Class (DWVEMS)		1,406,311		593,475
VIP Small Cap Value Series: Service Class (DWVSVS)		5,809,351		3,133,258
VA Inflation-Protected Securities Portfolio (DFVIPS)		5,781,750		472,700
VA International Small Portfolio (DFVIS)		76,548		243,316
VA U.S. Targeted Value Portfolio (DFVUTV)		876,734		410,761
Stock Index Fund, Inc. - Initial Shares (DSIF)		69,471,547		50,074,869
Socially Responsible Growth Fund Inc - Initial Shares (DSRG)		1,271,505		1,025,297
Global Income Builder VIP - Class A (DSGIBA)		27,630		3,440
Floating-Rate Income Fund (ETVFR)		19,301,495		14,725,747
Franklin Income Securities Fund - Class 2 (FTVIS2)		1,339,526		1,215,532
Rising Dividends Securities Fund - Class 1 (FTVRDI)		3,817,991		3,199,554
Small Cap Value Securities Fund - Class 1 (FTVSVI)		2,179,634		1,081,734
Small Cap Value Securities Fund - Class 2 (FTVSV2)		5,064,526		4,099,241
Mutual Global Discovery Securities Fund - Class 2 (FTVMD2)		557,178		514,819
Templeton Developing Markets Securities Fund - Class 2 (FTVDM2)		380,327		462,718
Templeton Foreign Securities Fund - Class 1 (TIF)		37,272		92,149

Templeton Foreign Securities Fund - Class 2 (TIF2)	3,417,103	4,380,475
Templeton Global Bond Securities Fund - Class 2 (FTVGI2)	904,216	4,267,361
VIP Founding Funds Allocation Fund - Class 2 (FTVFA2)	129,959	177,773
VIP Trust - Templeton Global Bond VIP Fund: Class 1 (FTVGB1)	6,337,336	5,606,209
Van Kampen V.I. Mid Cap Growth Fund - Series I Shares (IVKMG1)	515,663	1,822,399
Balanced-Risk Allocation Fund: Series I Shares (IVBRA1)	1,150,252	351,436
Mid Cap Value Portfolio: Class 1 (JPMMV1)	18,727,006	3,130,599
Small Cap Core Portfolio 1 (JPSCE1)	52,566	2,853
Balanced Portfolio: Service Shares (JABS)	6,637,413	4,413,951
Enterprise Portfolio: Service Shares (JAMGS)	5,244,809	369,628
Flexible Bond Portfolio: Service Shares (JAFBS)	5,656,916	4,172,577
Forty Portfolio: Service Shares (JACAS)	8,050,554	6,900,943
Global Technology Portfolio: Service Shares (JAGTS)	2,422,515	2,722,397
Overseas Portfolio: Service Shares (JAIGS)	3,643,085	2,742,729
Perkins Mid Cap Value Portfolio: Service Shares (JAMVS)	875,057	1,477,389
Retirement Emerging Markets Equity Portfolio - Service Shares (LZREMS)	8,125,580	8,853,947
Lord Abbett Series Fund Inc. - Bond Debenture Portfolio: Class VC (LOVBD)	2,259,114	283,540
Lord Abbett Series Fund Inc. - Mid Cap Stock Portfolio: Class VC (LOVMCV)	18,795	11,089
Series Fund, Inc. - Total Return Portfolio - Class VC (LOVTRC)	6,726,509	2,034,740
Lord Abbett Series Fund Inc. - Short Duration Income Portfolio: Class VC (LOVSDC)	12,679,774	405,597
VIT II - MFS Blended Research Core Equity Portfolio- Service Class (MVBRES)	416,370	535,870
Var Insurance Trust II - MFS Investors Growth Stock Portfolio: Initial Class (MV2IGI)	504,582	422,340
Var Insurance Trust II - MFS Research International Portfolio: Service Class (MV2RIS)	94,446	270,198
Variable Insurance Trust - MFS New Discovery Series - Intital Class (MNDIC)	58,947	137,480
New Discovery Series - Service Class (MNDSC)	26,662	289,338
Value Series - Initial Class (MVFIC)	3,174,948	1,381,429
Value Series - Service Class (MVFSC)	34,310,013	7,536,212
Variable Insurance Trust II - MFS International Value Portfolio - Service Class (MVIVSC)	17,811,712	10,744,546
Core Plus Fixed Income Portfolio - Class I (MSVFI)	913,337	579,470
Emerging Markets Debt Portfolio - Class I (MSEM)	2,971,181	16,126,109
Global Real Estate Portfolio - Class II (VKVGR2)	1,171,221	1,693,144
Universal Institutional Funds, Inc. - Mid Cap Growth Portfolio- Class I (MSVMG)	1,905,950	4,559,243
Universal Institutional Funds, Inc. - Growth Portfolio - Class I (MSVEG)	704,204	230,500
U.S. Real Estate Portfolio - Class I (MSVRE)	4,413,784	7,521,800
NVIT Investor Destinations Managed Growth and Income Class I (IDPGI)	829	7
NVIT Investor Destinations Managed Growth Class I (IDPG)	56	45,226
NVIT Cardinal Managed Growth and Income Class I (NCPGI)	2,629	1,873
NVIT Cardinal Managed Growth Class I (NCPG)	29,457	27,358
NVIT Bond Index Fund Class I (NVBX)	9,065,747	5,305,378
NVIT International Index Fund Class I (NVIX)	11,265,409	5,541,610
American Century NVIT Multi Cap Value Fund - Class I (NVAMV1)	5,364,799	2,983,677
American Funds NVIT Asset Allocation Fund - Class II (GVAAA2)	2,107,847	1,534,367
American Funds NVIT Bond Fund - Class II (GVABD2)	603,978	737,314
American Funds NVIT Global Growth Fund - Class II (GVAGG2)	1,360,132	1,147,526
American Funds NVIT Growth Fund - Class II (GVAGR2)	2,489,845	1,102,197
American Funds NVIT Growth-Income Fund - Class II (GVAGI2)	946,237	553,456
Federated NVIT High Income Bond Fund - Class I (HIBF)	5,459,131	4,969,393
NVIT Emerging Markets Fund - Class I (GEM)	2,140,723	1,973,990
NVIT International Equity Fund - Class I (GIG)	2,698,729	3,881,713
Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class II (NVIE6)	3,624	9,141
Neuberger Berman NVIT Multi Cap Opportunities Fund - Class I (NVNMO1)	994,460	1,222,092
Neuberger Berman NVIT Socially Responsible Fund - Class I (NVNSR1)	41,796	58,378
NVIT Cardinal Aggressive Fund - Class I (NVCRA1)	1,991,582	1,590,738
NVIT Cardinal Balanced Fund - Class I (NVCRB1)	15,096,056	3,331,741
NVIT Cardinal Capital Appreciation Fund - Class I (NVCCA1)	2,733,022	2,120,437
NVIT Cardinal Conservative Fund - Class I (NVCCN1)	1,452,713	1,579,151
NVIT Cardinal Moderate Fund - Class I (NVCMD1)	1,086,222	834,512
NVIT Cardinal Moderately Aggressive Fund - Class I (NVCMA1)	1,058,754	555,330
NVIT Cardinal Moderately Conservative Fund - Class I (NVCMC1)	1,411,435	1,942,537
NVIT Core Bond Fund - Class I (NVCBD1)	1,156,207	481,968
NVIT Core Plus Bond Fund - Class I (NVLCP1)	515,449	710,597
NVIT Nationwide Fund - Class I (TRF)	17,539,222	21,405,209
NVIT Government Bond Fund - Class I (GBF)	7,843,582	9,121,195
NVIT International Index Fund - Class II (GVIX2)	308,289	1,175,675
NVIT Investor Destinations Aggressive Fund - Class II (GVIDA)	4,208,916	2,833,030
NVIT Investor Destinations Balanced Fund - Class II (NVDBL2)	125,694	77,631
NVIT Investor Destinations Capital Appreciation Fund - Class II (NVDCA2)	127,553	105,581
NVIT Investor Destinations Conservative Fund - Class II (GVIDC)	6,385,551	2,767,466
NVIT Investor Destinations Moderate Fund - Class II (GVIDM)	8,066,905	8,895,993

NVIT Investor Destinations Moderately Aggressive Fund - Class II (GVDMA)	13,889,722	9,056,397
NVIT Investor Destinations Moderately Conservative Fund - Class II (GVDMC)	4,323,796	3,015,605
NVIT Mid Cap Index Fund - Class I (MCIF)	24,440,987	10,739,917
NVIT Money Market Fund - Class I (SAM)	17,305,226	18,619,148
NVIT Money Market Fund - Class V (SAM5)	115,872,625	135,280,543
NVIT Multi-Manager International Growth Fund - Class I (NVMIG1)	755,722	1,305,204
NVIT Multi-Manager International Value Fund - Class I (GVDIVI)	403,633	479,969
NVIT Multi-Manager Large Cap Growth Fund - Class I (NVMLG1)	3,654,130	1,730,792
NVIT Multi-Manager Large Cap Value Fund - Class I (NVMLV1)	4,021,054	2,525,320
NVIT Multi-Manager Mid Cap Growth Fund - Class I (NVMMG1)	6,947,174	4,759,912
NVIT Multi-Manager Mid Cap Value Fund - Class I (NVMMV1)	397,461	218,379
NVIT Multi-Manager Mid Cap Value Fund - Class II (NVMMV2)	2,105,612	1,257,547
NVIT Multi-Manager Small Cap Growth Fund - Class I (SCGF)	5,234,550	1,748,751
NVIT Multi-Manager Small Cap Value Fund - Class I (SCVF)	4,963,595	4,778,766
NVIT Multi-Manager Small Company Fund - Class I (SCF)	7,582,402	4,784,300
NVIT Multi-Sector Bond Fund - Class I (MSBF)	1,787,143	1,150,470
NVIT Short Term Bond Fund - Class I (NVSTB1)	35,842,829	18,513,067
NVIT Short Term Bond Fund - Class II (NVSTB2)	223,596	587,881
NVIT Large Cap Growth Fund - Class I (NVOLG1)	47,960,517	13,462,269
Templeton NVIT International Value Fund - Class III (NVTIV3)	86,834	195,515
Invesco NVIT Comstock Value Fund - Class I (EIF)	713,173	1,370,678
NVIT Real Estate Fund - Class I (NVRE1)	5,445,753	4,523,585
Loring Ward NVIT Capital Appreciation Fund - Class P (NVLCAP)	21,327	14,213
Loring Ward NVIT Moderate Fund - Class P (NVLMP)	2,981	1,829
NVIT Small Cap Index Fund Class II (NVSIX2)	681,261	77,789
NVIT S&P 500 Index Fund Class I (GVEX1)	2,453,890	925,117
Short Duration Bond Portfolio - I Class Shares (AMTB)	986,600	761,213
Guardian Portfolio - I Class Shares (AMGP)	294,433	104,865
Mid-Cap Growth Portfolio - I Class Shares (AMCG)	208,174	484,311
Mid-Cap Growth Portfolio - S Class Shares (AMMCGS)	159,256	166,080
Advisers Management Trust: Large Cap Value Portfolio - Class I (AMTP)	175,240	131,802
Advisers Management Trust: Mid Cap Intrinsic Value Portfolio - Class I (AMRI)	914,533	597,063
Socially Responsive Portfolio - I Class Shares (AMSRS)	128,351	171,818
TOPS Managed Risk Balanced ETF Portfolio - Class 3 (NOTB3)	4,010	2,523
TOPS Managed Risk Growth ETF Portfolio - Class 3 (NOTG3)	32,167	1,992
TOPS Managed Risk Moderate Growth ETF Portfolio - Class 3 (NOTMG3)	32,120	1,776
VPS Growth and Income Portfolio - Class A (ALVGIA)	5,052,122	3,837,048
VPS International Value Portfolio - Class A (ALVIVA)	1,478,113	633,198
VPS Small/Mid Cap Value Portfolio - Class A (ALVSVA)	4,732,415	4,939,110
VP Capital Appreciation Fund - Class I (ACVCA)	428,360	330,969
VP Income & Growth Fund - Class I (ACVIG)	1,058,531	1,676,854
VP Inflation Protection Fund - Class II (ACVIP2)	1,273,612	1,641,911
VP International Fund - Class I (ACVI)	2,373,375	203,203
VP Mid Cap Value Fund - Class I (ACVMV1)	8,100,484	4,896,296
VP Ultra(R) Fund - Class I (ACVU1)	95,030	272,801
VP Value Fund - Class I (ACVV)	11,691,068	11,480,122
MidCap Stock Portfolio - Initial Shares (DVMCS)	528,487	613,960
Small Cap Stock Index Portfolio - Service Shares (DVSCS)	22,795,281	13,677,530
Appreciation Portfolio - Initial Shares (DCAP)	4,441,496	3,993,036
Opportunistic Small Cap Portfolio: Initial Shares (DSC)	293,682	261,970
International Value Portfolio - Initial Shares (DVIV)	576,241	1,134,579
Variable Series II - DWS Small Mid Cap Value VIP - Class B (SVSSVB)	36,512	34,396
Variable Series II - DWS Large Cap Value VIP - Class B (SVSLVB)	10,498	59,118
Managed Tail Risk Fund II: Primary Shares (FVCA2P)	62,093	39,486
Quality Bond Fund II - Primary Shares (FQB)	1,591,690	2,439,083
VIP Contrafund(R) Portfolio - Service Class (FCS)	7,711,713	11,039,495
VIP Energy Portfolio - Service Class 2 (FNRS2)	1,515,436	1,344,420
VIP Equity-Income Portfolio - Service Class (FEIS)	8,462,651	8,972,485
VIP Freedom Fund 2010 Portfolio - Service Class (FF10S)	314,527	255,231
VIP Freedom Fund 2020 Portfolio - Service Class (FF20S)	10,049,330	4,894,640
VIP Freedom Fund 2030 Portfolio - Service Class (FF30S)	5,072,399	2,128,107
VIP Freedom Income Fund Portfolio - Service Class (FFINS)	91,549	368,727
VIP Growth Opportunities Portfolio - Service Class (FGOS)	9,683	87,462
VIP Growth Portfolio - Service Class (FGS)	12,727,787	8,665,699
VIP High Income Portfolio - Service Class (FHIS)	2,245,240	2,559,477
VIP Index 500 Portfolio - Initial Class (FIP)	3,878,971	4,939,086
VIP Investment Grade Bond Portfolio - Service Class (FIGBS)	31,990,529	19,600,568
VIP Mid Cap Portfolio - Service Class (FMCS)	5,890,960	9,234,771
VIP Money Market Portfolio - Initial Class (FMMP)	11,844,074	2,491,273

VIP Overseas Portfolio - Service Class (FOS)		1,221,529		2,851,786
VIP Value Strategies Portfolio - Service Class (FVSS)		208,175		477,737
VIP Fidelity VIP Freedom Fund 2005 Portfolio - Service Class (FF05S)		200,633		44,884
VIP Fidelity VIP Freedom Fund 2015 Portfolio - Service Class (FF15S)		1,491,335		4,110,242
VIP Fidelity VIP Freedom Fund 2025 Portfolio - Service Class (FF25S)		6,835,035		3,104,498
VIP Fidelity VIP Freedom Fund 2040 Portfolio - Service Class (FF40S)		3,023,998		1,502,654
Mid Cap Value- Institutional Shares (GVMCE)		4,126,161		22,384,915
Goldman Sachs Structured Small Cap Equity Fund (GVCSE)		538,769		37,903
VIT Growth Opportunities Fund - Service Shares (GVGOPS)		824,305		1,014,325
Goldman Sachs Global Markets Navigator Fund - Service Shares (GVGMNS)		742		9,123
ClearBridge Variable Small Cap Growth Portfolio - Class I (SBVSG)		3,503,366		2,742,163
Baron Growth Opportunities Fund Service Class (BNCAI)		1,930,781		3,980,054
Capital Appreciation Fund/VA - Non-Service Shares (OVGR)		1,753,518		2,178,656
Global Securities Fund/VA - Non-Service Shares (OVGS)		10,159,670		10,312,568
International Growth Fund/VA - Non-Service Shares (OVIG)		8,819,237		1,157,557
Main Street Fund(R)/VA - Non-Service Shares (OVGI)		5,336,945		2,923,957
Main Street Small- & Mid-Cap Fund(R)/VA - Non-Service Shares (OVSC)		1,036,902		1,371,622
Discovery Mid Cap Growth Fund/VA - Non-Service Shares (OVAG)		2,157,807		2,127,629
Global Strategic Income Fund/VA: Non-service Shares (OVSB)		1,069,842		2,643,540
All Asset Portfolio - Administrative Class (PMVAAA)		4,636,447		5,327,115
CommodityRealReturn(R) Strategy Portfolio - Administrative Class (PMVRSA)		171,040		71,613
Foreign Bond Portfolio (Unhedged) - Administrative Class (PMVFBA)		808,983		1,473,242
Long-Term U.S. Government Portfolio - Administrative Class (PMVLGA)		1,087,667		2,633,350
Low Duration Portfolio - Administrative Class (PMVLDA)		11,361,812		22,052,380
Real Return Portfolio - Administrative Class (PMVRRA)		13,899,854		29,641,994
Total Return Portfolio - Administrative Class (PMVTRA)		23,895,612		31,023,922
Pioneer Emerging Markets VCT Portfolio - Class I Shares (PIVEMI)		1,050,642		1,355,592
Pioneer Variable Contracts Trust - Pioneer High Yield VCT Portfolio: Class I (PIHYB1)		1,355,978		937,948
VT Growth & Income Fund: Class IB (PVGIB)		107,111		173,264
VT Growth Opportunities Fund: Class IB (PVGOB)		1,164,462		8,902
VT International Equity Fund: Class IB (PVTIGB)		115,162		198,900
VT Small Cap Value Fund: Class IB (PVTSCB)		326,464		298,018
VT Voyager Fund: Class IB (obsolete) (PVTVB)		151,348		1,452,560
VI Growth and Income Fund - Series I Shares (ACGI)		1,942,561		1,285,048
VI American Franchise Fund - Series I Shares (ACEG)		150,782		276,658
VI Value Opportunities Fund - Series I Shares (AVBVI)		576		9,360
VI High Yield Fund - Series I Shares (AVHY1)		3,094,287		3,464,598
VI International Growth Fund - Series I Shares (AVIE)		9,547,667		12,678,662
VI Mid Cap Core Equity Fund: Series I Shares (AVMCCI)		263,023		328,803
VI Small Cap Equity Fund - Series I Shares (AVSCE)		211,061		162,680
Micro-Cap Portfolio - Investment Class (ROCMC)		1,677,410		3,483,659
Variable Fund - Multi-Hedge Strategies (RVARS)		399,382		208,562
Equity Income Portfolio - II (TREI2)		8,235,204		33,268,414
Health Sciences Portfolio - II (TRHS2)		2,577,904		11,214,385
Limited-Term Bond Portfolio (TRLT1)		13,241,696		21,875,216
Mid-Cap Growth Portfolio - II (TRMCG2)		4,533,758		2,267,685
New America Growth Portfolio (TRNAG1)		10,496,803		15,755,283
Personal Strategy Balanced Portfolio (TRPSB1)		2,327,906		2,142,275
Blue Chip Growth Portfolio (TRBCGP)		16,893,247		11,780,362
VIP Trust Emerging Markets Fund - Initial Class (VWEM)		747,347		882,316
VIP Trust Global Hard Assets Fund - Initial Class (VWHA)		9,203,685		10,059,735
Variable Insurance Fund - Balanced Portfolio (VVB)		1,801,743		649,497
Insurance Fund - Capital Growth Portfolio (VVCG)		2,313,586		1,301,797
Variable Insurance Fund - Diversified Value Portfolio (VVDV)		1,701,431		2,380,604
Variable Insurance Fund - International Portfolio (VVI)		486,759		1,580,218
Variable Insurance Fund - Mid-Cap Index Portfolio (VVMCI)		2,863,316		3,254,021
Variable Insurance Fund - REIT Index Portfolio (VVREI)		2,392,705		1,495,285
Variable Insurance Fund - Short-Term Investment-Grade Portfolio (VVSTC)		1,117,518		674,291
Variable Insurance Fund - Small Company Growth Portfolio (VVSCG)		805,937		505,560
Variable Insurance Fund - Total Bond Market Index Portfolio (VVHGB)		3,721,931		1,279,552
Variable Insurance Portfolios - Asset Strategy (WRASP)		1,109,264		7,380,771
Variable Insurance Portfolios - Growth (WRGP)		3,547,307		4,459,108
Variable Insurance Portfolios - High Income (WRHIP)		6,555,799		7,271,248
Variable Insurance Portfolios - Mid Cap Growth (WRMCG)		1,092,371		3,474,089
Variable Insurance Portfolios - Real Estate Securities (WRRESP)		5,822,130		3,458,997
Variable Insurance Portfolios - Science and Technology (WRSTP)		3,583,453		4,728,352
Wells Fargo Variable Trust - VT Discovery Fund: Class 2 (SVDF)		3,058,906		5,113,036
Advantage VT Opportunity Fund - Class 2 (SVOF)		841,633		277,288
Advantage VT Small Cap Growth Fund - Class 2 (WFVSCG)		1,228,149		2,612,788
American Century NVIT Growth Fund - Class I (Obsolete) (CAF)		1,802,068		16,997,552
	$	1,155,195,606	$	1,028,051,572

(8) Financial Highlights

The following tabular presentation is a summary of units, unit fair values, contract owners’ equity outstanding and contract expense rates for variable life contracts as of December 31, 2016, and the investment income ratio and total return for each of the periods in the five year period ended December 31, 2016. Total return and investment income ratio for periods with no ending contract owners’ equity were considered to be irrelevant, and therefore are not presented.

	Contract Expense Rate*				Units		Unit Fair Value					Contract Owners’ Equity		Investment Income Ratio**		Total Return***
VPS Dynamic Asset Allocation Portfolio - Class A (ALVDAA)
2016				0.00%		2,379				$	12.32	$	29,320		0.53%				3.59%
2015				0.00%		5,447					11.90		64,806		0.87%				-1.09%
2014				0.00%		3,808					12.03		45,805		0.26%				4.45%
2013				0.00%		15,430					11.52		177,696		0.77%				12.31%
2012				0.00%		7					10.25		72		0.15%				2.54%	****
VP Inflation Protection Fund - Class I (ACVIP1)
2016		0.00%	to	0.25%		1,956,661		10.16	to		9.65		18,906,113		2.18%		4.71%	to	4.44%
2015		0.00%	to	0.25%		592,890		9.71	to		9.24		5,480,549		2.52%		-2.28%	to	-2.52%
2014		0.00%	to	0.25%		89,451		9.93	to		9.47		849,750		1.51%		3.58%	to	3.32%
2013		0.20%	to	0.25%		43,953		9.18	to		9.17		403,043		1.16%		-8.40%	to	-8.44%
Asset Allocation Fund - Class 2 (AMVAA2)
2016		0.00%	to	0.25%		511,756		16.20	to		15.83		8,143,235		1.78%		9.41%	to	9.14%
2015		0.00%	to	0.25%		354,629		14.80	to		14.50		5,167,132		1.79%		1.40%	to	1.15%
2014		0.00%	to	0.25%		219,500		14.60	to		14.34		3,163,145		1.29%		5.40%	to	5.13%
2013		0.00%	to	0.25%		293,121		13.85	to		13.64		4,006,660		1.50%		23.69%	to	23.38%
2012		0.00%	to	0.25%		250,210		11.20	to		11.05		2,771,221		2.21%		16.19%	to	15.90%
Bond Fund - Class 2 (AMVBD2)
2016		0.00%	to	0.20%		5,580,079		12.98	to		12.75		71,783,173		1.68%		2.94%	to	2.74%
2015		0.00%	to	0.25%		5,633,226		12.61	to		12.35		70,464,503		1.69%		0.27%	to	0.02%
2014		0.00%	to	0.25%		5,686,802		12.58	to		12.35		71,011,198		6.95%		5.28%	to	5.02%
2013		0.00%	to	0.25%		6,226		11.95	to		11.76		74,024		1.11%		-2.16%	to	-2.40%
2012		0.00%	to	0.25%		19,064		12.21	to		12.05		232,400		1.94%		5.37%	to	5.11%
Global Small Capitalization Fund - Class 2 (AMVGS2)
2016		0.00%	to	0.25%		103,367		12.77	to		12.49		1,294,587		0.25%		2.10%	to	1.84%
2015		0.00%	to	0.25%		125,623		12.51	to		12.27		1,544,166		0.00%		0.27%	to	0.02%
2014		0.00%	to	0.25%		204,209		12.48	to		12.26		2,511,188		0.12%		2.12%	to	1.87%
2013		0.00%	to	0.25%		202,172		12.22	to		12.04		2,439,091		0.98%		28.28%	to	27.96%
2012		0.00%	to	0.25%		176,306		9.53	to		9.41		1,663,017		1.28%		18.18%	to	17.88%
Growth Fund - Class 2 (AMVGR2)
2016		0.00%	to	0.25%		1,038,111		17.38	to		16.99		17,654,348		0.78%		9.49%	to	9.21%
2015		0.00%	to	0.25%		1,120,259		15.87	to		15.56		17,442,134		0.52%		6.86%	to	6.59%
2014		0.00%	to	0.25%		1,698,415		14.85	to		14.59		24,825,384		0.80%		8.51%	to	8.24%
2013		0.00%	to	0.25%		1,752,402		13.69	to		13.48		23,660,929		0.96%		30.10%	to	29.78%
2012		0.20%	to	0.25%		1,723,465		10.42	to		10.39		17,928,302		0.83%		17.65%	to	17.60%
International Fund - Class 2 (AMVI2)
2016		0.00%	to	0.25%		574,103		10.84	to		10.68		6,141,890		1.46%		3.53%	to	3.27%
2015		0.00%	to	0.25%		506,463		10.47	to		10.35		5,243,130		1.60%		-4.53%	to	-4.76%
2014		0.00%	to	0.25%		430,497		10.96	to		10.86		4,678,454		1.59%		-2.65%	to	-2.90%
2013		0.00%	to	0.25%		312,711		11.26	to		11.19		3,499,457		1.63%		21.63%	to	21.33%
2012		0.00%	to	0.25%		210,084		9.26	to		9.22		1,937,447		2.11%		17.91%	to	17.61%
New World Fund - Class 2 (AMVNW2)
2016		0.00%	to	0.25%		36,783		10.40	to		10.39		382,165		1.16%		4.03%	to	3.86%	****
Variable Series Funds, Inc. - BlackRock High Yield V.I. Fund- Class I (BRVHYI)
2016		0.00%	to	0.25%		468,168		10.59	to		10.53		4,940,997		5.47%		12.92%	to	12.64%
2015		0.10%	to	0.25%		397,942		9.37	to		9.35		3,724,985		4.71%		-3.70%	to	-3.84%
2014		0.25%				51,392		9.72					499,545		1.36%				-2.80%	****
Large Cap Core V.I. Fund - Class II (MLVLC2)
2016		0.00%	to	0.25%		76,545		22.35	to		21.71		1,663,555		0.99%		10.41%	to	10.13%
2015		0.00%	to	0.25%		97,677		20.24	to		19.71		1,927,425		0.60%		0.34%	to	0.09%
2014		0.00%	to	0.25%		145,570		20.18	to		19.69		2,885,881		0.79%		12.19%	to	11.91%
2013		0.00%	to	0.25%		154,703		17.98	to		17.60		2,736,351		0.97%		33.32%	to	32.99%
2012		0.00%	to	0.25%		182,994		13.49	to		13.23		2,428,694		1.38%		12.59%	to	12.30%
Global Allocation V.I. Fund - Class II (MLVGA2)
2016				0.00%		530,848					17.10		9,079,551		1.09%				3.96%
2015				0.00%		588,721					16.45		9,686,094		0.95%				-0.87%
2014				0.00%		665,128					16.60		11,039,090		2.12%				1.97%
2013				0.00%		640,899					16.28		10,431,814		1.07%				14.55%
2012				0.00%		680,130					14.21		9,664,120		1.57%				10.14%

	Contract Expense Rate*				Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**		Total Return***
VP S&P 500 Index Portfolio (CVSPIP)
2016				0.25%		57,324				12.37		709,205		1.43%				11.30%
2015				0.25%		49,793				11.12		553,494		0.07%				0.73%
2014				0.10%		40,910				11.05		451,933		3.55%				10.47%	****
Value Portfolio (DAVVL)
2016		0.00%	to	0.25%		243,210		15.08	to	14.74		3,623,452		1.51%		11.88%	to	11.60%
2015		0.00%	to	0.25%		187,283		13.48	to	13.21		2,503,302		0.78%		1.60%	to	1.34%
2014		0.00%	to	0.25%		219,468		13.27	to	13.03		2,888,623		0.94%		6.06%	to	5.79%
2013		0.00%	to	0.25%		214,206		12.51	to	12.32		2,664,799		0.81%		33.43%	to	33.09%
2012		0.00%	to	0.25%		298,582		9.38	to	9.25		2,782,221		1.78%		13.08%	to	12.80%
VIP Emerging Markets Series: Service Class (DWVEMS)
2016		0.00%	to	0.25%		308,163		10.14	to	10.02		3,089,001		0.73%		13.68%	to	13.40%
2015		0.20%	to	0.25%		231,836		8.85	to	8.84		2,049,470		0.53%		-14.94%	to	-14.99%
2014		0.00%	to	0.25%		110,505		10.46	to	10.39		1,148,980		0.38%		-8.26%	to	-8.49%
2013		0.00%	to	0.25%		37,049		11.41	to	11.36		420,861		0.19%		9.86%	to	9.58%
VIP Small Cap Value Series: Service Class (DWVSVS)
2016		0.00%	to	0.25%		1,068,310		17.66	to	17.41		18,632,616		0.71%		31.08%	to	30.76%
2015		0.00%	to	0.25%		980,158		13.47	to	13.31		13,060,799		0.50%		-6.46%	to	-6.70%
2014		0.00%	to	0.25%		1,035,605		14.40	to	14.27		14,786,804		0.29%		5.62%	to	5.35%
2013		0.00%	to	0.25%		804,104		13.63	to	13.54		10,896,188		0.55%		33.17%	to	32.84%
2012		0.00%	to	0.25%		391,672		10.24	to	10.20		3,994,444		0.21%		13.63%	to	13.35%
VA Inflation-Protected Securities Portfolio (DFVIPS)
2016		0.00%	to	0.25%		520,430		9.98	to	9.84		5,121,644		2.57%		-0.19%	to	-1.63%	****
VA International Small Portfolio (DFVIS)
2016		0.20%	to	0.25%		85,815		10.22	to	10.22		877,242		2.28%		6.02%	to	5.97%
2015		0.20%	to	0.25%		105,953		9.64	to	9.64		1,021,665		2.07%		-3.56	to	-3.60%	****
VA U.S. Targeted Value Portfolio (DFVUTV)
2016		0.20%	to	0.25%		239,703		11.64	to	11.63		2,789,935		1.09%		27.24%	to	27.17%
2015		0.20%	to	0.25%		215,294		9.15	to	9.15		1,969,559		1.32%		-8.51%	to	-8.54%	****
Stock Index Fund, Inc. - Initial Shares (DSIF)
2016		0.00%	to	0.25%		19,688,978		31.44	to	21.64		478,455,050		2.03%		11.71%	to	11.43%
2015		0.00%	to	0.25%		19,872,339		28.15	to	19.42		433,286,156		1.84%		1.11%	to	0.85%
2014		0.00%	to	0.25%		19,703,250		27.84	to	19.25		428,953,663		1.78%		13.42%	to	13.14%
2013		0.00%	to	0.25%		18,495,758		24.54	to	17.02		359,230,963		1.87%		32.03%	to	31.70%
2012		0.00%	to	0.25%		18,671,915		18.59	to	12.92		275,529,192		2.05%		15.74%	to	15.45%
Socially Responsible Growth Fund Inc - Initial Shares (DSRG)
2016		0.00%	to	0.25%		461,676		24.91	to	16.00		11,294,775		1.28%		10.37%	to	10.10%
2015		0.00%	to	0.25%		503,710		22.57	to	14.53		11,176,410		1.06%		-3.19%	to	-3.44%
2014		0.00%	to	0.25%		579,590		23.32	to	15.05		13,108,017		1.04%		13.45%	to	13.17%
2013		0.00%	to	0.25%		609,225		20.55	to	13.30		12,228,151		1.23%		34.34%	to	34.01%
2012		0.00%	to	0.25%		657,466		15.30	to	9.93		9,812,092		0.80%		11.97%	to	11.69%
Global Income Builder VIP - Class A (DSGIBA)
2016				0.00%		2,350				10.41		24,457		0.00%				4.07%	****
Floating-Rate Income Fund (ETVFR)
2016		0.00%	to	0.25%		5,996,803		12.06	to	11.89		71,736,301		3.48%		8.95%	to	8.67%
2015		0.00%	to	0.25%		5,769,523		11.07	to	10.94		63,451,455		3.33%		-0.99%	to	-1.24%
2014		0.00%	to	0.25%		6,022,601		11.18	to	11.08		66,999,384		3.22%		0.57%	to	0.32%
2013		0.00%	to	0.25%		2,302,534		11.12	to	11.04		25,512,559		3.51%		3.85%	to	3.59%
2012		0.10%	to	0.25%		1,438,087		10.69	to	10.66		15,367,260		3.38%		7.22%	to	7.06%
Franklin Income Securities Fund - Class 2 (FTVIS2)
2016				0.00%		369,466				18.22		6,732,869		5.10%				14.02%
2015				0.00%		377,928				15.98		6,040,094		4.68%				-7.05%
2014				0.00%		390,265				17.20		6,710,629		4.91%				4.62%
2013				0.00%		391,706				16.44		6,438,224		6.32%				13.94%
2012				0.00%		397,235				14.43		5,730,247		6.26%				12.65%

	Contract Expense Rate*				Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**		Total Return***
Rising Dividends Securities Fund - Class 1 (FTVRDI)
2016				0.00%		517,880				32.12		16,634,002		1.58%				16.33%
2015				0.00%		570,589				27.61		15,754,609		1.64%				-3.42%
2014				0.00%		599,977				28.59		17,151,918		1.53%				9.01%
2013				0.00%		706,879				26.23		18,538,455		1.74%				30.05%
2012				0.00%		689,703				20.17		13,908,387		1.82%				12.18%
Small Cap Value Securities Fund - Class 1 (FTVSVI)
2016				0.00%		245,509				44.29		10,874,493		1.03%				30.54%
2015				0.00%		255,164				33.93		8,658,290		0.91%				-7.18%
2014				0.00%		292,511				36.56		10,693,748		0.83%				0.88%
2013				0.00%		314,978				36.24		11,414,310		1.50%				36.50%
2012				0.00%		363,138				26.55		9,640,363		1.03%				18.75%
Small Cap Value Securities Fund - Class 2 (FTVSV2)
2016		0.00%	to	0.25%		416,003		27.11	to	26.33		10,975,714		0.81%		30.19%	to	29.86%
2015		0.00%	to	0.25%		436,021		20.83	to	20.28		8,856,820		0.65%		-7.39%	to	-7.62%
2014		0.00%	to	0.25%		512,783		22.49	to	21.95		11,301,870		0.63%		0.57%	to	0.32%
2013		0.00%	to	0.25%		465,556		22.36	to	21.88		10,229,704		1.33%		36.24%	to	35.90%
2012		0.00%	to	0.25%		404,795		16.41	to	16.10		6,539,867		0.80%		18.39%	to	18.09%
Mutual Global Discovery Securities Fund - Class 2 (FTVMD2)
2016		0.00%	to	0.25%		136,852		15.90	to	15.54		2,163,040		1.69%		12.18%	to	11.90%
2015		0.00%	to	0.25%		147,343		14.17	to	13.89		2,077,541		3.80%		-3.65%	to	-3.89%
2014		0.00%	to	0.25%		32,122		14.71	to	14.45		464,392		2.43%		5.71%	to	5.44%
2013				0.25%		20,950				13.71		287,147		2.67%				27.30%
2012				0.25%		13,771				10.77		148,276		1.98%				13.07%
Templeton Developing Markets Securities Fund - Class 2 (FTVDM2)
2016				0.00%		271,041				8.90		2,413,106		0.80%				17.44%
2015				0.00%		285,175				7.58		2,161,899		2.16%				-19.60%
2014				0.00%		338,402				9.43		3,190,883		1.50%				-5.71%	****
Templeton Foreign Securities Fund - Class 1 (TIF)
2016				0.00%		38,500				25.74		990,896		2.16%				7.49%
2015				0.00%		42,432				23.94		1,016,000		3.58%				-6.31%
2014				0.00%		48,081				25.56		1,228,764		2.07%				-10.89%
2013				0.00%		53,511				28.68		1,534,588		2.56%				23.27%
2012				0.00%		58,522				23.26		1,361,447		3.25%				18.60%
Templeton Foreign Securities Fund - Class 2 (TIF2)
2016		0.00%	to	0.25%		1,063,433		23.54	to	22.71		24,424,763		1.95%		7.18%	to	6.91%
2015		0.00%	to	0.25%		1,146,428		21.96	to	21.24		24,618,620		3.22%		-6.49%	to	-6.73%
2014		0.00%	to	0.25%		1,087,231		23.49	to	22.77		25,006,807		1.97%		-11.13%	to	-11.35%
2013		0.10%	to	0.25%		642,739		26.13	to	25.69		16,554,377		2.30%		22.85%	to	22.66%
2012		0.10%	to	0.25%		628,537		21.27	to	20.94		13,199,367		3.00%		18.11%	to	17.94%
Templeton Global Bond Securities Fund - Class 2 (FTVGI2)
2016		0.00%	to	0.25%		457,762		17.09	to	16.70		7,800,411		0.00%		2.94%	to	2.68%
2015		0.00%	to	0.25%		662,999		16.60	to	16.26		10,987,604		7.60%		-4.30%	to	-4.54%
2014		0.00%	to	0.25%		774,609		17.35	to	17.04		13,406,161		3.71%		1.83%	to	1.58%
2013		0.00%	to	0.25%		2,511,603		17.04	to	16.77		42,440,610		4.74%		1.63%	to	1.38%
2012		0.00%	to	0.25%		2,363,034		16.77	to	16.55		39,360,480		5.98%		15.07%	to	14.78%
VIP Founding Funds Allocation Fund - Class 2 (FTVFA2)
2016				0.00%		44,251				14.67		649,006		3.82%				13.18%
2015				0.00%		51,295				12.96		664,708		2.92%				-6.21%
2014				0.00%		53,635				13.82		741,071		2.78%				2.85%
2013				0.00%		50,080				13.43		672,789		11.86%				23.77%
2012				0.00%		35,375				10.85		383,969		2.65%				15.33%
VIP Trust - Templeton Global Bond VIP Fund: Class 1 (FTVGB1)
2016		0.00%	to	0.25%		1,451,430		11.12	to	9.93		14,597,838		0.00%		3.21%	to	2.95%
2015		0.00%	to	0.25%		1,372,392		10.78	to	9.65		13,399,403		7.61%		-4.10%	to	-4.34%
2014		0.00%	to	0.25%		1,178,165		11.24	to	10.08		11,985,782		4.04%		2.12%	to	0.85%	****

	Contract Expense Rate*				Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**		Total Return***
Van Kampen V.I. Mid Cap Growth Fund - Series I Shares (IVKMG1)
2016		0.00%	to	0.25%		228,597		14.83	to	14.66		3,383,296		0.00%		0.76%	to	0.50%
2015		0.00%	to	0.25%		345,418		14.72	to	14.59		5,068,137		0.00%		1.21%	to	0.95%
2014		0.00%	to	0.25%		341,263		14.55	to	14.45		4,953,394		0.00%		8.04%	to	7.77%
2013		0.00%	to	0.25%		321,052		13.47	to	13.41		4,317,352		0.41%		37.01%	to	36.67%
2012		0.00%	to	0.25%		341,791		9.83	to	9.81		3,357,388		0.00%		-1.72%	to	-1.89%	****
Balanced-Risk Allocation Fund: Series I Shares (IVBRA1)
2016				0.00%		134,610				11.04		1,486,483		0.47%				11.64%
2015				0.00%		62,732				9.89		620,517		4.97%				-4.10%
2014				0.00%		38,475				10.31		396,848		0.00%				3.14%	****
Mid Cap Value Portfolio: Class 1 (JPMMV1)
2016		0.00%	to	0.25%		1,056,953		32.80	to	31.78		33,768,491		0.66%		14.69%	to	14.41%
2015		0.00%	to	0.25%		573,578		28.60	to	27.77		16,060,386		0.94%		-2.66%	to	-2.90%
2014		0.00%	to	0.25%		372,474		29.38	to	28.60		10,699,926		0.71%		15.11%	to	14.82%
2013		0.00%	to	0.25%		258,597		25.52	to	24.91		6,466,290		0.96%		32.30%	to	31.97%
2012		0.00%	to	0.25%		99,517		19.29	to	18.88		1,885,985		0.28%		20.38%	to	20.08%
Small Cap Core Portfolio 1 (JPSCE1)
2016				0.25%		9,466				11.10		105,109		0.47%				19.91%
2015				0.25%		4,684				9.26		43,373		0.00%				-7.40%	****
Balanced Portfolio: Service Shares (JABS)
2016		0.00%	to	0.25%		1,000,252		28.86	to	27.84		28,132,139		1.98%		4.32%	to	4.06%
2015		0.00%	to	0.25%		947,970		27.66	to	26.76		25,570,430		1.68%		0.41%	to	0.16%
2014		0.00%	to	0.25%		933,751		27.55	to	26.71		25,164,067		1.54%		8.24%	to	7.97%
2013		0.00%	to	0.25%		821,725		25.45	to	24.74		20,512,662		2.01%		19.80%	to	19.50%
2012		0.00%	to	0.25%		703,225		21.24	to	20.70		14,705,391		2.66%		13.37%	to	13.09%
Enterprise Portfolio: Service Shares (JAMGS)
2016		0.00%	to	0.25%		457,212		10.79	to	10.77		4,926,666		0.40%		7.90%	to	7.72%	****
Flexible Bond Portfolio: Service Shares (JAFBS)
2016		0.00%	to	0.25%		1,347,630		10.32	to	10.26		13,834,191		2.43%		2.22%	to	1.97%
2015		0.00%	to	0.25%		1,234,000		10.09	to	10.06		12,417,813		2.23%		-0.06%	to	-0.31%
2014		0.20%	to	0.25%		435,927		10.09				4,399,676		1.29%				0.92%	****
Forty Portfolio: Service Shares (JACAS)
2016		0.00%	to	0.25%		1,996,099		20.83	to	19.97		41,096,683		0.88%		1.94%	to	1.69%
2015		0.00%	to	0.25%		2,232,703		20.43	to	19.63		45,096,682		1.25%		11.94%	to	11.66%
2014		0.00%	to	0.25%		2,473,108		18.25	to	17.58		44,660,750		0.03%		8.47%	to	8.20%
2013		0.00%	to	0.25%		2,806,731		16.83	to	16.25		46,697,005		0.59%		30.89%	to	30.56%
2012		0.00%	to	0.25%		3,302,617		12.86	to	12.45		42,001,099		0.55%		23.86%	to	23.55%
Global Technology Portfolio: Service Shares (JAGTS)
2016		0.00%	to	0.25%		1,367,724		11.03	to	10.57		14,991,999		0.09%		13.85%	to	13.57%
2015		0.00%	to	0.25%		1,452,572		9.69	to	9.31		14,007,986		0.81%		4.65%	to	4.38%
2014		0.00%	to	0.25%		1,666,220		9.26	to	8.92		15,350,042		0.00%		9.35%	to	9.07%
2013		0.00%	to	0.25%		1,724,013		8.47	to	8.18		14,513,340		0.00%		35.39%	to	35.05%
2012		0.00%	to	0.25%		1,913,179		6.25	to	6.06		11,896,992		0.00%		19.15%	to	18.85%
Overseas Portfolio: Service Shares (JAIGS)
2016		0.00%	to	0.25%		1,506,768		13.02	to	12.48		19,431,410		5.11%		-6.71%	to	-6.94%
2015		0.00%	to	0.25%		1,556,610		13.95	to	13.41		21,561,467		0.48%		-8.80%	to	-9.03%
2014		0.00%	to	0.25%		1,927,784		15.30	to	14.74		29,256,435		5.77%		-12.10%	to	-12.32%
2013		0.00%	to	0.25%		2,331,866		17.41	to	16.81		40,211,611		3.05%		14.28%	to	14.00%
2012		0.00%	to	0.25%		2,835,962		15.23	to	14.75		42,805,297		0.69%		13.18%	to	12.90%
Perkins Mid Cap Value Portfolio: Service Shares (JAMVS)
2016		0.00%	to	0.25%		82,367		17.60	to	17.31		1,432,096		0.82%		18.76%	to	18.47%
2015		0.00%	to	0.25%		135,681		14.82	to	14.61		1,988,712		1.06%		-3.69%	to	-3.93%
2014		0.00%	to	0.25%		128,064		15.39	to	15.21		1,952,405		3.38%		8.44%	to	8.17%
2013		0.00%	to	0.25%		135,589		14.19	to	14.06		1,908,778		1.00%		25.81%	to	25.49%
2012		0.00%	to	0.25%		189,721		11.28	to	11.21		2,127,531		0.89%		10.79%	to	10.51%

	Contract Expense Rate*				Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**		Total Return***
Retirement Emerging Markets Equity Portfolio - Service Shares (LZREMS)
2016		0.00%	to	0.25%		3,028,245		10.38	to	10.21		31,006,169		1.04%		20.78%	to	20.48%
2015		0.00%	to	0.25%		3,088,800		8.59	to	8.47		26,233,081		1.29%		-20.05%	to	-20.25%
2014		0.00%	to	0.25%		2,531,668		10.75	to	10.62		26,936,682		1.81%		-4.64%	to	-4.87%
2013		0.00%	to	0.25%		2,130,245		11.27	to	11.17		23,822,313		1.47%		-1.24%	to	-1.49%
2012		0.00%	to	0.25%		1,981,197		11.41	to	11.34		22,485,704		1.71%		22.05%	to	21.75%
Lord Abbett Series Fund Inc. - Bond Debenture Portfolio: Class VC (LOVBD)
2016		0.20%	to	0.25%		226,991		11.11	to	11.09		2,518,441		5.09%		11.91%	to	11.85%
2015		0.20%	to	0.25%		30,871		9.93	to	9.92		306,229		8.70%		-1.73%	to	-1.78%
Lord Abbett Series Fund Inc. - Mid Cap Stock Portfolio: Class VC (LOVMCV)
2016		0.00%	to	0.25%		5,533		21.96	to	21.33		118,289		0.51%		16.39%	to	16.10%
2015		0.00%	to	0.25%		5,441		18.87	to	18.37		100,210		0.10%		-3.79%	to	-4.03%
2014		0.00%	to	0.25%		57,274		19.61	to	19.15		1,101,297		0.34%		11.53%	to	11.25%
2013		0.00%	to	0.25%		84,220		17.59	to	17.21		1,455,733		0.44%		30.32%	to	29.99%
2012		0.00%	to	0.25%		83,197		13.49	to	13.24		1,106,163		0.77%		14.54%	to	14.26%
Series Fund, Inc. - Total Return Portfolio - Class VC (LOVTRC)
2016		0.00%	to	0.25%		1,122,526		10.24	to	10.20		11,458,058		3.23%		4.26%	to	4.00%
2015		0.00%	to	0.25%		696,348		9.82	to	9.81		6,830,955		6.21%		-1.76%	to	-1.93%	****
Lord Abbett Series Fund Inc. - Short Duration Income Portfolio: Class VC (LOVSDC)
2016		0.20%	to	0.25%		1,181,419		10.14	to	10.14		11,980,773		4.09%		1.44%	to	1.40%	****
VIT II - MFS Blended Research Core Equity Portfolio- Service Class (MVBRES)
2016		0.20%	to	0.25%		56,347		11.98	to	11.96		673,978		1.20%		7.96%	to	7.91%
2015		0.20%	to	0.25%		74,067		11.09	to	11.08		821,115		2.15%		0.67%	to	0.62%
Var Insurance Trust II - MFS Investors Growth Stock Portfolio: Initial Class (MV2IGI)
2016				0.00%		271,340				10.46		2,837,846		0.60%				6.08%
2015				0.00%		297,791				9.86		2,936,113		0.50%				-1.40%	****
Var Insurance Trust II - MFS Research International Portfolio: Service Class (MV2RIS)
2016		0.20%	to	0.25%		287,386				9.05		2,599,441		1.34%				-1.16%
2015		0.00%	to	0.25%		310,021		9.17	to	9.15		2,837,301		1.83%		-8.31%	to	-8.49%	****
Variable Insurance Trust - MFS New Discovery Series - Intital Class (MNDIC)
2016				0.00%		23,315				14.51		338,410		0.00%				9.05%
2015				0.00%		30,567				13.31		406,846		0.00%				-1.89%
2014				0.00%		39,384				13.57		534,273		0.00%				-7.26%
2013				0.00%		54,531				14.63		797,640		0.00%				41.52%
2012				0.00%		7,796				10.34		80,579		0.00%				3.36%	****
New Discovery Series - Service Class (MNDSC)
2016		0.20%	to	0.25%		5,578		14.22	to	14.18		79,121		0.00%		8.58%	to	8.53%
2015		0.00%	to	0.25%		27,229		13.19	to	13.07		356,357		0.00%		-2.15%	to	-2.39%
2014		0.00%	to	0.25%		81,742		13.48	to	13.39		1,095,280		0.00%		-7.49%	to	-7.72%
2013		0.00%	to	0.25%		148,553		14.57	to	14.51		2,155,892		0.00%		41.22%	to	40.86%
2012		0.25%				65,112				10.30		670,683		0.00%				3.00%	****
Value Series - Initial Class (MVFIC)
2016				0.00%		332,771				36.04		11,991,713		2.16%				14.09%
2015				0.00%		313,122				31.59		9,890,222		2.29%				-0.74%
2014				0.00%		314,764				31.82		10,015,870		1.51%				10.51%
2013				0.00%		368,819				28.79		10,619,793		1.21%				35.89%
2012				0.00%		394,370				21.19		8,356,622		1.70%				16.26%
Value Series - Service Class (MVFSC)
2016		0.00%	to	0.25%		3,786,227		17.49	to	17.09		64,920,421		2.00%		13.78%	to	13.49%
2015		0.00%	to	0.25%		2,395,774		15.38	to	15.06		36,194,371		2.12%		-0.93%	to	-1.18%
2014		0.00%	to	0.25%		1,817,807		15.52	to	15.24		27,779,416		1.33%		10.20%	to	9.93%
2013		0.00%	to	0.25%		2,108,924		14.08	to	13.86		29,309,020		1.02%		35.59%	to	35.26%
2012		0.00%	to	0.25%		2,084,955		10.39	to	10.25		21,406,037		1.48%		15.88%	to	15.59%
Variable Insurance Trust II - MFS International Value Portfolio - Service Class (MVIVSC)
2016		0.00%	to	0.25%		3,598,366		23.27	to	22.83		82,415,948		1.15%		3.84%	to	3.58%
2015		0.00%	to	0.25%		3,393,304		22.41	to	22.04		74,992,713		1.81%		6.32%	to	6.05%
2014		0.00%	to	0.25%		2,912,540		21.07	to	20.78		60,625,656		1.84%		1.13%	to	0.88%
2013		0.00%	to	0.25%		2,760,169		20.84	to	20.60		56,931,951		1.39%		27.63%	to	27.31%
2012		0.00%	to	0.25%		2,528,785		16.33	to	16.18		40,955,451		1.59%		15.93%	to	15.64%

	Contract Expense Rate*				Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**		Total Return***
Core Plus Fixed Income Portfolio - Class I (MSVFI)
2016				0.00%		118,983				16.83		2,002,670		2.08%				6.11%
2015				0.00%		101,355				15.86		1,607,721		3.38%				-0.65%
2014				0.00%		107,604				15.97		1,718,027		2.84%				7.85%
2013				0.00%		119,123				14.80		1,763,427		3.52%				-0.32%
2012				0.00%		159,977				14.85		2,375,733		4.54%				9.44%
Emerging Markets Debt Portfolio - Class I (MSEM)
2016		0.00%	to	0.25%		507,033		36.45	to	35.05		21,693,860		6.88%		10.55%	to	10.28%
2015		0.00%	to	0.25%		826,783		32.97	to	31.78		33,218,941		5.22%		-1.12%	to	-1.36%
2014		0.00%	to	0.25%		955,142		33.35	to	32.22		38,169,060		5.48%		2.93%	to	2.67%
2013		0.00%	to	0.25%		985,279		32.40	to	31.39		38,132,292		4.05%		-8.75%	to	-8.98%
2012		0.00%	to	0.25%		977,094		35.50	to	34.48		41,041,916		2.86%		17.96%	to	17.67%
Global Real Estate Portfolio - Class II (VKVGR2)
2016		0.00%	to	0.25%		422,599		11.76	to	11.49		4,870,267		1.40%		3.12%	to	2.86%
2015		0.00%	to	0.25%		471,131		11.40	to	11.17		5,270,760		2.30%		-1.42%	to	-1.66%
2014		0.00%	to	0.25%		421,696		11.57	to	11.36		4,797,159		0.69%		13.85%	to	13.57%
2013		0.00%	to	0.25%		290,891		10.16	to	10.00		2,913,382		3.58%		2.63%	to	2.38%
2012		0.00%	to	0.25%		242,254		9.90	to	9.77		2,370,646		0.54%		29.94%	to	29.62%
Universal Institutional Funds, Inc. - Mid Cap Growth Portfolio- Class I (MSVMG)
2016		0.00%	to	0.25%		372,666		15.50	to	14.86		5,557,051		0.00%		-8.78%	to	-9.01%
2015		0.00%	to	0.25%		561,751		16.99	to	16.34		9,220,353		0.00%		-5.90%	to	-6.13%
2014		0.00%	to	0.25%		758,843		18.05	to	17.40		13,267,348		0.00%		1.97%	to	1.71%
2013		0.00%	to	0.25%		785,039		17.71	to	17.11		13,482,809		0.37%		37.49%	to	37.14%
2012		0.00%	to	0.25%		900,392		12.88	to	12.48		11,269,895		0.00%		8.69%	to	8.42%
Universal Institutional Funds, Inc. - Growth Portfolio - Class I (MSVEG)
2016		0.00%	to	0.25%		81,298		20.08	to	19.62		1,601,538		0.00%		-1.64%	to	-1.88%
2015		0.00%	to	0.25%		69,285		20.41	to	20.00		1,390,107		0.00%		12.24%	to	11.96%
2014		0.00%	to	0.25%		71,574		18.19	to	17.86		1,280,698		0.00%		6.36%	to	6.09%
2013		0.00%	to	0.25%		93,010		17.10	to	16.83		1,566,998		0.53%		48.07%	to	47.70%
2012		0.00%	to	0.25%		135,128		11.55	to	11.40		1,540,514		0.00%		14.38%	to	14.09%
U.S. Real Estate Portfolio - Class I (MSVRE)
2016		0.10%	to	0.25%		338,494		64.16	to	51.21		18,264,129		1.38%		6.71%	to	6.55%
2015		0.10%	to	0.25%		402,965		60.13	to	48.07		20,329,045		1.35%		2.07%	to	1.92%
2014		0.10%	to	0.25%		417,956		58.91	to	47.16		20,424,278		1.39%		29.59%	to	29.40%
2013		0.10%	to	0.25%		453,779		45.46	to	36.45		16,994,730		1.13%		1.95%	to	1.80%
2012		0.10%	to	0.25%		660,510		44.59	to	35.80		24,416,983		0.84%		15.72%	to	15.55%
NVIT Investor Destinations Managed Growth and Income Class I (IDPGI)
2016				0.00%		77				10.47		806		12.37%				5.94%
2014				0.00%		1				10.20		10		2.52%				1.96%	****
NVIT Investor Destinations Managed Growth Class I (IDPG)
2015				0.00%		4,397				9.77		42,952		1.83%				-3.71%
NVIT Cardinal Managed Growth and Income Class I (NCPGI)
2016				0.00%		78				10.31		804		0.88%				5.74%
NVIT Cardinal Managed Growth Class I (NCPG)
2016				0.00%		4,715				10.23		48,251		3.18%				6.40%
2015				0.00%		4,610				9.62		44,339		1.34%				-4.62%
2014				0.00%		4,296				10.08		43,319		3.21%				0.84%	****
NVIT Bond Index Fund Class I (NVBX)
2016		0.00%	to	0.25%		9,423,378		10.53	to	10.46		98,726,317		2.31%		2.26%	to	2.01%
2015		0.00%	to	0.25%		9,294,873		10.29	to	10.25		95,391,912		2.32%		0.14%	to	-0.11%
2014		0.00%	to	0.25%		5,645,631		10.28	to	10.26		57,954,008		3.92%		2.78%	to	2.61%	****
NVIT International Index Fund Class I (NVIX)
2016		0.00%	to	0.25%		2,805,657		9.19	to	9.13		25,664,925		3.07%		0.92%	to	0.67%
2015		0.00%	to	0.25%		2,225,659		9.11	to	9.07		20,212,790		3.36%		-0.96%	to	-1.21%
2014		0.00%	to	0.25%		1,245,179		9.20	to	9.18		11,440,668		2.49%		-8.01%	to	-8.16%	****

	Contract Expense Rate*				Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**		Total Return***
American Century NVIT Multi Cap Value Fund - Class I (NVAMV1)
2016				0.00%		1,455,365				28.30		41,186,313		2.38%				20.44%
2015				0.00%		1,546,350				23.50		36,335,010		2.39%				-4.28%
2014				0.00%		1,667,165				24.55		40,923,361		2.00%				13.12%
2013				0.00%		1,832,139				21.70		39,757,407		1.86%				31.90%
2012				0.00%		1,980,422				16.45		32,582,111		0.98%				14.66%
American Funds NVIT Asset Allocation Fund - Class II (GVAAA2)
2016				0.00%		511,729				18.10		9,262,950		1.92%				9.00%
2015				0.00%		519,808				16.61		8,632,339		1.42%				0.98%
2014				0.00%		490,736				16.44		8,070,122		0.95%				4.99%
2013				0.00%		487,528				15.66		7,636,273		1.31%				23.28%
2012				0.00%		477,179				12.70		6,062,552		1.36%				15.72%
American Funds NVIT Bond Fund - Class II (GVABD2)
2016				0.00%		101,604				13.52		1,373,217		2.37%				2.65%
2015				0.00%		113,914				13.17		1,499,841		1.36%				-0.23%
2014				0.00%		117,093				13.20		1,545,265		1.22%				4.98%
2013				0.00%		122,305				12.57		1,537,507		1.67%				-2.57%
2012				0.00%		158,000				12.90		2,038,705		2.20%				4.97%
American Funds NVIT Global Growth Fund - Class II (GVAGG2)
2016				0.00%		393,395				18.57		7,303,931		1.45%				0.19%
2015				0.00%		426,191				18.53		7,898,072		0.69%				6.54%
2014				0.00%		375,662				17.39		6,534,147		0.70%				1.84%
2013				0.00%		394,540				17.08		6,738,800		0.39%				28.64%
2012				0.00%		374,929				13.28		4,978,082		0.87%				22.09%
American Funds NVIT Growth Fund - Class II (GVAGR2)
2016				0.00%		505,916				19.31		9,767,654		0.22%				9.06%
2015				0.00%		539,000				17.70		9,541,628		0.71%				6.43%
2014				0.00%		582,797				16.63		9,693,899		0.44%				8.07%
2013				0.00%		660,438				15.39		10,165,319		0.32%				29.61%
2012				0.00%		656,818				11.88		7,800,019		0.21%				17.40%
American Funds NVIT Growth-Income Fund - Class II (GVAGI2)
2016				0.00%		195,828				16.74		3,277,768		1.12%				11.09%
2015				0.00%		198,459				15.07		2,990,282		0.84%				1.09%
2014				0.00%		223,749				14.91		3,335,091		0.79%				10.23%
2013				0.00%		235,408				13.52		3,183,307		0.98%				32.97%
2012				0.00%		247,986				10.17		2,521,961		1.05%				17.06%
Federated NVIT High Income Bond Fund - Class I (HIBF)
2016		0.00%	to	0.25%		764,369		29.25	to	28.90		22,163,019		5.76%		14.16%	to	13.87%
2015		0.00%	to	0.25%		792,106		25.62	to	25.38		20,149,457		5.47%		-2.61%	to	-2.85%
2014		0.00%	to	0.25%		816,154		26.31	to	26.13		21,289,529		5.48%		2.55%	to	2.29%
2013		0.00%	to	0.25%		679,469		25.66	to	25.54		17,286,424		6.14%		7.07%	to	6.80%
2012		0.00%	to	0.25%		891,109		23.96	to	23.91		21,088,404		8.24%		14.56%	to	14.27%
NVIT Emerging Markets Fund - Class I (GEM)
2016		0.00%	to	0.25%		533,999		23.17	to	22.25		12,233,957		0.82%		7.72%	to	7.45%
2015		0.00%	to	0.25%		532,848		21.51	to	20.71		11,336,532		0.85%		-15.99%	to	-16.20%
2014		0.00%	to	0.25%		557,428		25.61	to	24.71		14,127,165		1.22%		-5.51%	to	-5.74%
2013		0.00%	to	0.25%		347,886		27.10	to	26.22		9,214,541		1.10%		0.75%	to	0.49%
2012		0.00%	to	0.25%		443,026		26.90	to	26.09		11,673,052		0.50%		17.22%	to	16.92%
NVIT International Equity Fund - Class I (GIG)
2016		0.00%	to	0.25%		1,036,347		16.20	to	15.55		16,611,416		2.14%		0.87%	to	0.62%
2015		0.00%	to	0.25%		1,135,892		16.06	to	15.46		18,048,434		0.54%		-3.06%	to	-3.30%
2014		0.00%	to	0.25%		960,722		16.57	to	15.99		15,746,265		3.56%		-0.45%	to	-0.70%
2013		0.00%	to	0.25%		796,673		16.64	to	16.10		13,055,210		0.54%		17.83%	to	17.54%
2012		0.00%	to	0.25%		758,056		14.12	to	13.70		10,581,543		0.87%		15.61%	to	15.32%
Nationwide Variable Insurance Trust - NVIT International Equity Fund: Class II (NVIE6)
2016				0.00%		19,769				9.50		187,771		1.93%				0.63%
2015				0.00%		20,759				9.44		195,933		0.25%				-3.22%
2014				0.00%		25,389				9.75		247,606		3.79%				-0.72%
2013				0.00%		27,530				9.82		270,431		0.53%				17.56%
2012				0.00%		29,454				8.36		246,109		0.52%				15.23%

	Contract Expense Rate*				Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**		Total Return***
Neuberger Berman NVIT Multi Cap Opportunities Fund - Class I (NVNMO1)
2016				0.00%		970,413				16.32		15,835,198		0.80%				13.60%
2015				0.00%		1,043,310				14.36		14,986,341		0.77%				-1.08%
2014				0.00%		1,156,523				14.52		16,793,852		0.89%				6.60%
2013				0.00%		1,264,376				13.62		17,223,307		1.05%				43.82%
2012				0.00%		1,373,296				9.47		13,007,385		1.47%				16.94%
Neuberger Berman NVIT Socially Responsible Fund - Class I (NVNSR1)
2016				0.00%		13,923				18.26		254,278		0.79%				10.11%
2015				0.00%		16,728				16.59		277,452		0.77%				-0.32%
2014				0.00%		20,963				16.64		348,823		0.40%				10.60%
2013				0.00%		63,496				15.04		955,287		1.00%				38.77%
2012				0.00%		26,852				10.84		291,127		0.88%				11.50%
NVIT Cardinal Aggressive Fund - Class I (NVCRA1)
2016		0.00%	to	0.25%		257,360		15.02	to	23.00		3,902,437		2.47%		8.33%	to	8.06%
2015		0.00%	to	0.25%		257,344		13.87	to	21.28		3,598,068		2.63%		-1.58%	to	-1.82%
2014		0.00%	to	0.25%		294,102		14.09	to	21.68		4,162,181		2.30%		4.48%	to	4.21%
2013		0.00%	to	0.25%		261,976		13.49	to	20.80		3,541,688		1.43%		29.65%	to	29.32%
2012		0.00%	to	0.25%		213,377		10.40	to	16.08		2,220,609		1.16%		16.22%	to	15.93%
NVIT Cardinal Balanced Fund - Class I (NVCRB1)
2016		0.00%	to	0.25%		10,166,375		14.67	to	17.70		179,948,748		2.76%		6.28%	to	6.02%
2015		0.00%	to	0.25%		10,232,948		13.80	to	16.69		170,635,089		2.73%		-1.05%	to	-1.30%
2014		0.00%	to	0.25%		10,224,638		13.95	to	16.91		172,735,321		2.41%		4.46%	to	4.20%
2013		0.00%	to	0.10%		10,209,139		13.35	to	16.34		165,624,736		1.74%		14.72%	to	14.60%
2012		0.00%	to	0.10%		10,264,208		11.64	to	14.26		145,467,469		1.58%		11.24%	to	11.13%
NVIT Cardinal Capital Appreciation Fund - Class I (NVCCA1)
2016		0.00%	to	0.25%		414,927		15.05	to	20.14		6,261,130		2.87%		7.32%	to	7.05%
2015		0.00%	to	0.25%		413,648		14.02	to	18.81		5,863,151		2.92%		-1.15%	to	-1.39%
2014		0.00%	to	0.25%		502,308		14.18	to	19.08		7,154,710		2.52%		4.70%	to	4.44%
2013		0.00%	to	0.25%		505,936		13.55	to	18.27		6,867,707		1.76%		21.44%	to	21.14%
2012		0.00%				417,509		11.15				4,657,198		1.55%		13.74%
NVIT Cardinal Conservative Fund - Class I (NVCCN1)
2016		0.00%	to	0.25%		290,101		13.66	to	14.30		3,980,590		2.61%		4.81%	to	4.55%
2015		0.00%	to	0.25%		315,786		13.03	to	13.68		4,132,995		1.93%		-0.65%	to	-0.90%
2014		0.00%	to	0.25%		418,416		13.12	to	13.80		5,500,415		2.33%		3.42%	to	3.16%
2013		0.00%	to	0.25%		357,466		12.69	to	13.38		4,544,807		1.92%		5.03%	to	4.77%
2012		0.00%	to	0.25%		376,288		12.08	to	12.77		4,545,438		2.04%		7.58%	to	7.31%
NVIT Cardinal Moderate Fund - Class I (NVCMD1)
2016		0.00%	to	0.25%		463,170		14.89	to	18.91		6,922,714		2.75%		6.82%	to	6.55%
2015		0.00%	to	0.25%		490,108		13.94	to	17.74		6,859,396		2.86%		-0.98%	to	-1.22%
2014		0.00%	to	0.25%		527,052		14.07	to	17.96		7,424,847		2.58%		4.66%	to	4.40%
2013		0.00%	to	0.25%		465,232		13.45	to	17.21		6,256,218		1.68%		17.98%	to	17.68%
2012		0.00%				489,603		11.40				5,580,088		1.47%		12.45%
NVIT Cardinal Moderately Aggressive Fund - Class I (NVCMA1)
2016		0.00%	to	0.25%		448,324		14.99	to	21.19		6,816,853		2.72%		7.69%	to	7.42%
2015		0.00%	to	0.25%		465,467		13.92	to	19.72		6,554,672		3.14%		-1.43%	to	-1.67%
2014		0.00%	to	0.25%		500,786		14.12	to	20.06		7,122,373		2.54%		4.66%	to	4.40%
2013		0.00%	to	0.25%		539,732		13.49	to	19.21		7,290,898		1.65%		24.35%	to	24.04%
2012		0.00%	to	0.25%		475,266		10.85	to	15.49		5,157,615		1.27%		14.67%	to	14.38%
NVIT Cardinal Moderately Conservative Fund - Class I (NVCMC1)
2016		0.00%	to	0.25%		300,175		14.41	to	16.56		4,358,449		2.66%		5.99%	to	5.73%
2015		0.00%	to	0.25%		356,776		13.60	to	15.66		4,919,377		2.82%		-0.88%	to	-1.13%
2014		0.00%	to	0.25%		274,907		13.72	to	15.84		3,837,479		2.59%		4.17%	to	3.91%
2013		0.00%	to	0.25%		234,164		13.17	to	15.25		3,134,027		2.10%		11.33%	to	11.05%
2012		0.00%	to	0.25%		168,356		11.83	to	13.73		2,023,329		1.97%		10.13%	to	9.86%

	Contract Expense Rate*				Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**		Total Return***
NVIT Core Bond Fund - Class I (NVCBD1)
2016				0.00%		115,114				14.34		1,650,436		3.79%				5.35%
2015				0.00%		71,807				13.61		977,281		2.55%				-0.72%
2014				0.00%		72,271				13.71		990,731		3.25%				5.06%
2013				0.00%		65,876				13.05		859,611		2.38%				-1.91%
2012				0.00%		72,492				13.30		964,375		3.01%				7.75%
NVIT Core Plus Bond Fund - Class I (NVLCP1)
2016				0.00%		145,090				15.32		2,222,841		2.98%				3.70%
2015				0.00%		163,170				14.77		2,410,668		1.87%				-0.32%
2014				0.00%		165,785				14.82		2,457,106		2.41%				5.09%
2013				0.00%		68,382				14.10		964,406		2.14%				-1.77%
2012				0.00%		88,003				14.36		1,263,519		3.10%				7.38%
NVIT Nationwide Fund - Class I (TRF)
2016		0.00%	to	0.25%		5,801,396		26.42	to	20.66		131,664,747		1.45%		11.39%	to	11.11%
2015		0.00%	to	0.25%		6,001,037		23.72	to	18.59		122,867,582		1.25%		0.94%	to	0.68%
2014		0.00%	to	0.25%		5,535,091		23.50	to	18.47		113,397,553		1.18%		12.15%	to	11.87%
2013		0.00%	to	0.25%		5,235,424		20.95	to	16.51		96,357,207		1.36%		31.10%	to	30.77%
2012		0.00%	to	0.25%		5,630,708		15.98	to	12.62		79,096,053		1.42%		14.21%	to	13.93%
NVIT Government Bond Fund - Class I (GBF)
2016		0.00%	to	0.25%		2,681,148		22.20	to	18.15		53,132,962		1.93%		0.74%	to	0.49%
2015		0.00%	to	0.25%		2,796,778		22.03	to	18.06		55,120,112		1.66%		-0.11%	to	-0.36%
2014		0.00%	to	0.25%		3,237,960		22.06	to	18.13		63,730,810		1.84%		4.57%	to	4.31%
2013		0.00%	to	0.25%		4,678,416		21.09	to	17.38		88,111,568		1.58%		-4.06%	to	-4.29%
2012		0.00%	to	0.25%		6,848,651		21.98	to	18.16		132,739,247		2.29%		3.06%	to	2.80%
NVIT International Index Fund - Class II (GVIX2)
2016		0.00%	to	0.25%		247,534		9.33	to	9.10		2,308,841		2.46%		0.75%	to	0.50%
2015		0.00%	to	0.25%		361,122		9.26	to	9.06		3,319,649		2.05%		-1.26%	to	-1.50%
2014		0.00%	to	0.25%		368,560		9.38	to	9.20		3,430,319		2.77%		-6.12%	to	-6.36%
2013		0.00%	to	0.25%		1,031,670		9.99	to	9.82		10,179,629		3.02%		21.36%	to	21.06%
2012		0.00%	to	0.25%		941,904		8.23	to	8.11		7,665,578		2.39%		18.29%	to	17.99%
NVIT Investor Destinations Aggressive Fund - Class II (GVIDA)
2016		0.00%	to	0.25%		940,743		24.86	to	23.95		23,255,440		1.68%		9.47%	to	9.19%
2015		0.00%	to	0.25%		969,751		22.71	to	21.93		21,912,397		1.39%		-1.00%	to	-1.25%
2014		0.00%	to	0.25%		1,073,873		22.94	to	22.21		24,498,323		1.57%		4.99%	to	4.72%
2013		0.00%	to	0.25%		1,274,214		21.85	to	21.21		27,694,970		1.70%		27.25%	to	26.93%
2012		0.00%	to	0.25%		1,281,727		17.17	to	16.71		21,905,937		1.41%		15.90%	to	15.61%
NVIT Investor Destinations Balanced Fund - Class II (NVDBL2)
2016				0.00%		89,591				17.76		1,590,862		1.94%				6.30%
2015				0.00%		90,670				16.70		1,514,570		1.45%				-0.17%
2014				0.00%		117,578				16.73		1,967,463		1.72%				4.59%
2013				0.00%		109,004				16.00		1,744,025		1.76%				13.42%
2012				0.00%		101,106				14.11		1,426,210		2.24%				9.39%
NVIT Investor Destinations Capital Appreciation Fund - Class II (NVDCA2)
2016				0.00%		37,033				20.48		758,600		1.87%				7.74%
2015				0.00%		38,096				19.01		724,321		1.65%				-0.53%
2014				0.00%		34,838				19.11		665,918		2.15%				5.21%
2013				0.00%		16,580				18.17		301,222		1.53%				19.49%
2012				0.00%		23,052				15.20		350,481		1.85%				12.25%
NVIT Investor Destinations Conservative Fund - Class II (GVIDC)
2016		0.00%	to	0.25%		799,851		17.55	to	16.91		13,812,389		2.24%		4.26%	to	4.00%
2015		0.00%	to	0.25%		616,603		16.83	to	16.26		10,263,238		1.78%		0.26%	to	0.01%
2014		0.00%	to	0.25%		658,975		16.79	to	16.25		10,974,987		1.88%		3.89%	to	3.63%
2013		0.00%	to	0.25%		675,196		16.16	to	15.69		10,837,100		1.63%		4.83%	to	4.57%
2012		0.00%	to	0.25%		755,925		15.42	to	15.00		11,569,034		1.71%		5.18%	to	4.91%
NVIT Investor Destinations Moderate Fund - Class II (GVIDM)
2016		0.00%	to	0.25%		2,881,380		21.94	to	21.13		62,909,448		1.83%		7.14%	to	6.88%
2015		0.00%	to	0.25%		3,138,153		20.47	to	19.77		63,960,082		1.61%		-0.33%	to	-0.58%
2014		0.00%	to	0.25%		3,422,115		20.54	to	19.89		70,012,770		1.67%		5.18%	to	4.92%
2013		0.00%	to	0.25%		3,736,779		19.53	to	18.96		72,702,876		1.61%		16.63%	to	16.34%
2012		0.00%	to	0.25%		4,170,660		16.75	to	16.29		69,592,617		1.61%		10.81%	to	10.53%

	Contract Expense Rate*				Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**		Total Return***
NVIT Investor Destinations Moderately Aggressive Fund - Class II (GVDMA)
2016		0.00%	to	0.25%		3,657,818		23.81	to	22.94		86,550,055		1.78%		8.48%	to	8.21%
2015		0.00%	to	0.25%		3,783,159		21.95	to	21.20		82,593,425		1.49%		-0.73%	to	-0.98%
2014		0.00%	to	0.25%		3,927,295		22.11	to	21.41		86,486,411		1.74%		4.96%	to	4.69%
2013		0.00%	to	0.25%		3,786,951		21.07	to	20.45		79,655,146		1.62%		22.38%	to	22.07%
2012		0.00%	to	0.25%		4,264,890		17.21	to	16.75		73,291,785		1.63%		13.76%	to	13.48%
NVIT Investor Destinations Moderately Conservative Fund - Class II (GVDMC)
2016		0.00%	to	0.25%		847,141		20.07	to	19.33		16,894,695		2.02%		5.70%	to	5.44%
2015		0.00%	to	0.25%		822,967		18.98	to	18.33		15,576,328		1.68%		-0.03%	to	-0.28%
2014		0.00%	to	0.25%		883,442		18.99	to	18.38		16,724,811		1.83%		4.74%	to	4.48%
2013		0.00%	to	0.25%		929,870		18.13	to	17.60		16,808,751		1.67%		10.49%	to	10.22%
2012		0.00%	to	0.25%		1,041,782		16.41	to	15.97		17,039,395		1.75%		8.04%	to	7.77%
NVIT Mid Cap Index Fund - Class I (MCIF)
2016		0.00%	to	0.25%		2,420,022		57.09	to	38.14		107,613,758		1.29%		20.29%	to	19.99%
2015		0.00%	to	0.25%		2,307,024		47.46	to	31.79		86,562,644		1.19%		-2.53%	to	-2.78%
2014		0.00%	to	0.25%		2,088,515		48.69	to	32.69		80,705,813		1.08%		9.42%	to	9.15%
2013		0.00%	to	0.25%		2,137,602		44.50	to	29.95		75,996,983		1.15%		33.05%	to	32.72%
2012		0.00%	to	0.25%		2,141,754		33.45	to	22.57		57,446,510		1.07%		17.47%	to	17.18%
NVIT Money Market Fund - Class I (SAM)
2016		0.00%	to	0.25%		3,214,145		14.29	to	11.79		45,893,151		0.01%		0.01%	to	-0.24%
2015		0.00%	to	0.25%		3,306,864		14.29	to	11.82		47,207,095		0.00%		0.00%	to	-0.25%
2014		0.00%	to	0.25%		4,000,593		14.29	to	11.85		56,025,296		0.00%		0.00%	to	-0.25%
2013		0.00%	to	0.25%		4,607,576		14.29	to	11.88		64,524,668		0.00%		0.00%	to	-0.25%
2012		0.00%	to	0.25%		6,108,577		14.29	to	11.91		85,967,265		0.00%		0.00%	to	-0.25%
NVIT Money Market Fund - Class V (SAM5)
2016		0.00%	to	0.25%		13,128,527		11.73	to	11.33		149,888,173		0.03%		0.03%	to	-0.22%
2015		0.00%	to	0.25%		14,808,532		11.73	to	11.35		169,295,370		0.00%		0.00%	to	-0.25%
2014		0.00%	to	0.25%		14,550,861		11.73	to	11.38		166,552,415		0.00%		0.00%	to	-0.25%
2013		0.00%	to	0.25%		19,129,974		11.73	to	11.41		219,396,554		0.00%		0.00%	to	-0.25%
2012		0.00%	to	0.25%		18,461,412		11.73	to	11.44		212,099,838		0.00%		0.00%	to	-0.25%
NVIT Multi-Manager International Growth Fund - Class I (NVMIG1)
2016				0.00%		1,476,548				9.54		14,087,207		1.44%				-2.12%
2015				0.00%		1,587,910				9.75		15,478,083		0.72%				-0.49%
2014				0.00%		1,641,194				9.80		16,076,383		1.06%				-2.04%	****
NVIT Multi-Manager International Value Fund - Class I (GVDIVI)
2016				0.00%		247,269				18.94		4,684,146		3.07%				5.23%
2015				0.00%		258,691				18.00		4,657,160		1.19%				-5.12%
2014				0.00%		281,697				18.97		5,344,914		2.81%				-9.46%
2013				0.00%		32,529				20.96		681,722		2.34%				21.41%
2012				0.00%		39,531				17.26		682,396		0.39%				17.29%
NVIT Multi-Manager Large Cap Growth Fund - Class I (NVMLG1)
2016		0.00%	to	0.25%		702,223		16.95	to	16.59		11,876,806		0.89%		2.19%	to	1.94%
2015		0.00%	to	0.25%		699,376		16.59	to	16.27		11,590,235		0.47%		3.43%	to	3.18%
2014		0.00%	to	0.25%		744,288		16.04	to	15.77		11,927,494		0.49%		10.44%	to	10.16%
2013		0.00%	to	0.25%		817,723		14.52	to	14.32		11,866,467		0.75%		34.74%	to	34.40%
2012		0.00%	to	0.25%		983,243		10.78	to	10.65		10,586,485		0.46%		16.35%	to	16.06%
NVIT Multi-Manager Large Cap Value Fund - Class I (NVMLV1)
2016		0.00%	to	0.25%		990,502		17.16	to	19.35		18,396,747		1.87%		16.35%	to	16.06%
2015		0.00%	to	0.25%		1,027,161		14.75	to	16.67		16,442,051		2.27%		-3.15%	to	-3.39%
2014		0.00%	to	0.25%		509,471		15.23	to	17.26		7,832,611		1.26%		10.52%	to	10.24%
2013		0.00%	to	0.25%		537,399		13.78	to	15.66		7,467,794		1.34%		35.44%	to	35.10%
2012		0.00%	to	0.25%		650,008		10.17	to	11.59		6,714,538		1.34%		17.81%	to	17.52%
NVIT Multi-Manager Mid Cap Growth Fund - Class I (NVMMG1)
2016		0.00%	to	0.25%		2,572,757		17.11	to	16.75		43,899,908		0.00%		6.47%	to	6.20%
2015		0.00%	to	0.25%		2,738,949		16.07	to	15.77		43,932,455		0.00%		-0.18%	to	-0.43%
2014		0.00%	to	0.25%		2,156,480		16.10	to	15.84		34,718,009		0.00%		4.04%	to	3.78%
2013		0.00%	to	0.25%		2,367,293		15.48	to	15.26		36,643,379		0.00%		38.94%	to	38.60%
2012		0.00%	to	0.25%		2,553,965		11.14	to	11.01		28,451,549		0.00%		14.90%	to	14.62%

	Contract Expense Rate*				Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**		Total Return***
NVIT Multi-Manager Mid Cap Value Fund - Class I (NVMMV1)
2016		0.00%	to	0.25%		60,062		22.05	to	21.58		1,306,453		1.61%		17.72%	to	17.43%
2015		0.00%	to	0.25%		57,439		18.73	to	18.38		1,063,100		1.44%		-2.75%	to	-2.99%
2014		0.00%	to	0.25%		48,124		19.26	to	18.95		915,950		3.76%		17.15%	to	16.86%
2013		0.20%	to	0.25%		8,378		16.26	to	16.21		136,063		1.92%		35.58%	to	35.51%
2012		0.00%	to	0.25%		5,559		12.10	to	11.96		66,613		1.34%		16.65%	to	16.36%
NVIT Multi-Manager Mid Cap Value Fund - Class II (NVMMV2)
2016				0.00%		655,772				21.73		14,252,796		1.41%				17.59%
2015				0.00%		682,469				18.48		12,613,881		1.13%				-2.89%
2014				0.00%		798,637				19.03		15,199,545		1.43%				17.02%
2013				0.00%		801,822				16.26		13,040,702		1.19%				35.68%
2012				0.00%		861,247				11.99		10,323,947		1.13%				16.35%
NVIT Multi-Manager Small Cap Growth Fund - Class I (SCGF)
2016		0.00%	to	0.25%		614,860		29.79	to	28.50		18,116,126		0.00%		8.30%	to	8.04%
2015		0.00%	to	0.25%		624,974		27.51	to	26.38		17,035,327		0.00%		0.76%	to	0.50%
2014		0.00%	to	0.25%		552,233		27.30	to	26.25		14,983,770		0.00%		2.81%	to	2.55%
2013		0.00%	to	0.25%		578,414		26.55	to	25.60		15,276,324		0.00%		44.29%	to	43.93%
2012		0.00%	to	0.25%		679,744		18.40	to	17.79		12,421,533		0.00%		13.44%	to	13.15%
NVIT Multi-Manager Small Cap Value Fund - Class I (SCVF)
2016		0.00%	to	0.25%		778,121		58.78	to	44.06		43,757,132		0.64%		25.93%	to	25.62%
2015		0.00%	to	0.25%		862,131		46.68	to	35.07		38,537,015		0.75%		-6.02%	to	-6.26%
2014		0.00%	to	0.25%		839,625		49.67	to	37.42		39,613,189		0.52%		7.02%	to	6.75%
2013		0.00%	to	0.25%		982,222		46.41	to	35.05		42,786,445		0.83%		40.40%	to	40.05%
2012		0.00%	to	0.25%		1,047,996		33.05	to	25.03		32,816,953		0.83%		20.44%	to	20.14%
NVIT Multi-Manager Small Company Fund - Class I (SCF)
2016		0.00%	to	0.25%		1,059,980		51.49	to	34.07		46,370,729		0.33%		22.83%	to	22.53%
2015		0.00%	to	0.25%		1,156,133		41.92	to	27.81		41,158,133		0.37%		-1.63%	to	-1.88%
2014		0.00%	to	0.25%		1,262,236		42.61	to	28.34		45,885,752		0.16%		0.82%	to	0.56%
2013		0.00%	to	0.25%		1,549,110		42.27	to	28.18		54,890,033		0.13%		40.91%	to	40.55%
2012		0.00%	to	0.25%		1,779,583		30.00	to	20.05		44,668,472		0.15%		15.50%	to	15.21%
NVIT Multi-Sector Bond Fund - Class I (MSBF)
2016		0.00%	to	0.25%		505,737		24.04	to	21.70		11,910,627		3.30%		8.65%	to	8.38%
2015		0.00%	to	0.25%		494,615		22.13	to	20.02		10,732,453		2.08%		-2.89%	to	-3.13%
2014		0.00%	to	0.25%		514,344		22.79	to	20.67		11,552,062		3.14%		3.88%	to	3.62%
2013		0.00%	to	0.25%		538,896		21.94	to	19.94		11,694,812		3.31%		-1.12%	to	-1.37%
2012		0.00%	to	0.25%		619,427		22.19	to	20.22		13,566,735		2.47%		12.25%	to	11.97%
NVIT Short Term Bond Fund - Class I (NVSTB1)
2016		0.00%	to	0.25%		2,715,651		12.03	to	11.77		32,219,057		2.63%		2.75%	to	2.49%
2015		0.00%	to	0.25%		1,302,410		11.71	to	11.48		14,970,825		1.59%		-0.08%	to	-0.33%
2014		0.10%	to	0.25%		2,190,544		11.64	to	11.52		25,333,573		0.90%		0.67%	to	0.52%
2013		0.00%	to	0.25%		3,094,731		11.63	to	11.46		35,644,261		1.51%		0.33%	to	0.08%
2012		0.00%	to	0.25%		2,525,391		11.59	to	11.45		29,087,822		2.62%		3.83%	to	3.57%
NVIT Short Term Bond Fund - Class II (NVSTB2)
2016				0.00%		103,139				11.75		1,212,293		1.48%				2.49%
2015				0.00%		136,028				11.47		1,560,000		1.72%				-0.34%
2014				0.00%		164,622				11.51		1,894,382		0.97%				0.49%
2013				0.00%		163,595				11.45		1,873,312		0.98%				0.11%
2012				0.00%		201,309				11.44		2,302,741		1.30%				3.52%
NVIT Large Cap Growth Fund - Class I (NVOLG1)
2016		0.00%	to	0.25%		5,059,454		26.71	to	10.37		135,005,393		0.76%		3.63%	to	3.68%	****
2015				0.00%		4,934,844				25.77		127,175,154		0.63%				5.09%
2014				0.00%		5,400,878				24.52		132,440,260		0.71%				8.80%
2013				0.00%		5,982,076				22.54		134,827,822		0.79%				36.70%
2012				0.00%		6,636,497				16.49		109,418,189		0.70%				18.68%

	Contract Expense Rate*				Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**		Total Return***
Templeton NVIT International Value Fund - Class III (NVTIV3)
2016				0.00%		36,585				15.56		569,167		2.03%				1.12%
2015				0.00%		45,612				15.39		701,775		2.37%				-3.90%
2014				0.00%		28,263				16.01		452,505		3.75%				-8.15%
2013				0.00%		29,863				17.43		520,525		1.87%				20.09%
2012				0.00%		35,997				14.51		522,460		2.54%				19.56%
Invesco NVIT Comstock Value Fund - Class I (EIF)
2016		0.00%	to	0.25%		449,740		25.97	to	20.94		11,423,040		2.70%		17.89%	to	17.59%
2015		0.00%	to	0.25%		491,781		22.03	to	17.81		10,598,730		1.56%		-6.30%	to	-6.53%
2014		0.00%	to	0.25%		536,954		23.51	to	19.05		12,375,894		1.76%		9.17%	to	8.90%
2013		0.00%	to	0.25%		554,935		21.53	to	17.50		11,774,305		0.00%		35.64%	to	35.30%
2012		0.00%	to	0.25%		534,227		15.87	to	12.93		8,376,774		1.18%		18.46%	to	18.17%
NVIT Real Estate Fund - Class I (NVRE1)
2016		0.00%	to	0.25%		1,769,718		16.00	to	31.50		32,029,409		2.01%		7.35%	to	7.08%
2015		0.00%	to	0.25%		1,934,105		14.91	to	29.42		32,169,726		2.62%		-5.36%	to	-5.59%
2014		0.00%	to	0.25%		2,232,004		15.75	to	31.16		39,249,857		3.00%		28.88%	to	28.56%
2013		0.00%	to	0.25%		2,274,473		12.22	to	24.24		30,746,745		1.49%		3.05%	to	2.79%
2012		0.00%	to	0.25%		2,455,857		11.86	to	23.58		31,777,308		1.03%		15.79%	to	15.50%
Loring Ward NVIT Capital Appreciation Fund - Class P (NVLCAP)
2016				0.00%		3,202				12.79		40,958		1.68%				11.54%
2015				0.00%		2,467				11.47		28,291		2.43%				-3.00%
2014				0.00%		2,183				11.82		25,809		2.05%				3.34%
2013				0.00%		140				11.44		1,602		5.98%				14.41%	****
Loring Ward NVIT Moderate Fund - Class P (NVLMP)
2016				0.00%		619				12.30		7,616		1.45%				8.96%
2015				0.00%		530				11.29		5,984		5.79%				-1.70%
2014				0.00%		191				11.49		2,194		1.50%				2.09%
NVIT Small Cap Index Fund Class II (NVSIX2)
2016				0.00%		60,309				15.24		919,207		1.37%				20.87%
2015				0.00%		23,027				12.61		290,369		1.27%				-4.88%
2014				0.00%		18,330				13.26		243,002		1.19%				4.55%
2013				0.00%		5,103				12.68		64,706		1.58%				26.80%	****
NVIT S&P 500 Index Fund Class I (GVEX1)
2016				0.00%		333,583				15.16		5,056,016		2.31%				11.66%
2015				0.00%		239,681				13.57		3,253,294		2.43%				1.16%
2014				0.00%		121,451				13.42		1,629,554		3.36%				13.36%
2013				0.00%		42,973				11.84		508,626		2.83%				18.36%	****
Short Duration Bond Portfolio - I Class Shares (AMTB)
2016				0.00%		315,280				12.54		3,953,563		1.14%				1.22%
2015				0.00%		300,528				12.39		3,723,185		1.46%				0.18%
2014				0.00%		303,453				12.37		3,752,525		1.76%				0.61%
2013				0.00%		290,095				12.29		3,565,590		2.16%				0.62%
2012				0.00%		299,031				12.22		3,652,892		2.92%				4.61%
Guardian Portfolio - I Class Shares (AMGP)
2016		0.00%	to	0.25%		28,238		37.00	to	23.96		676,706		0.58%		8.73%	to	8.46%
2015		0.00%	to	0.25%		25,306		34.03	to	22.09		559,119		0.81%		-4.97%	to	-5.21%
2014		0.00%	to	0.25%		43,652		35.81	to	23.31		1,074,537		0.42%		9.03%	to	8.76%
2013		0.00%	to	0.25%		51,556		32.84	to	21.43		1,174,843		0.89%		38.81%	to	38.47%
2012		0.00%	to	0.25%		49,333		23.66	to	15.48		810,864		0.19%		12.73%	to	12.44%
Mid-Cap Growth Portfolio - I Class Shares (AMCG)
2016		0.00%	to	0.25%		88,094		41.22	to	21.32		1,878,424		0.00%		4.40%	to	4.14%
2015		0.00%	to	0.25%		105,561		39.48	to	20.47		2,161,389		0.00%		1.28%	to	1.02%
2014		0.00%	to	0.25%		133,206		38.99	to	20.26		2,873,717		0.00%		7.58%	to	7.31%
2013		0.00%	to	0.25%		147,342		36.24	to	18.88		2,936,405		0.00%		32.61%	to	32.28%
2012		0.00%	to	0.25%		203,445		27.33	to	14.27		3,073,903		0.00%		12.41%	to	12.13%
Mid-Cap Growth Portfolio - S Class Shares (AMMCGS)
2016				0.00%		102,493				10.00		1,024,861		0.00%				4.16%
2015				0.00%		108,814				9.60		1,044,595		0.00%				-4.00%	****

	Contract Expense Rate*				Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**		Total Return***
Advisers Management Trust: Large Cap Value Portfolio - Class I (AMTP)
2016		0.00%	to	0.25%		11,692		27.80	to	25.09		313,438		0.89%		27.37%	to	27.05%
2015		0.00%	to	0.25%		10,845		21.82	to	19.75		232,327		0.77%		-11.80%	to	-12.02%
2014		0.00%	to	0.25%		50,604		24.74	to	22.45		1,173,569		0.79%		9.85%	to	9.58%
2013		0.00%	to	0.25%		49,246		22.53	to	20.49		1,043,828		0.91%		31.14%	to	30.81%
2012		0.00%	to	0.25%		144,447		17.18	to	15.66		2,316,303		0.37%		16.60%	to	16.31%
Advisers Management Trust: Mid Cap Intrinsic Value Portfolio - Class I (AMRI)
2016		0.00%	to	0.25%		301,368		19.09	to	18.58		5,601,936		0.67%		16.17%	to	15.88%
2015		0.00%	to	0.25%		307,667		16.43	to	16.04		4,935,285		0.78%		-8.34%	to	-8.57%
2014		0.00%	to	0.25%		307,696		17.92	to	17.54		5,398,169		1.03%		13.84%	to	13.55%
2013		0.00%	to	0.25%		347,690		15.75	to	15.45		5,373,194		1.23%		37.05%	to	36.71%
2012		0.00%	to	0.25%		380,913		11.49	to	11.30		4,307,792		0.61%		15.53%	to	15.24%
Socially Responsive Portfolio - I Class Shares (AMSRS)
2016				0.00%		63,947				32.02		2,047,381		0.70%				9.86%
2015				0.00%		68,268				29.14		1,989,523		0.51%				-0.46%
2014				0.00%		85,955				29.28		2,516,640		0.35%				10.38%
2013				0.00%		113,615				26.52		3,013,621		0.70%				37.60%
2012				0.00%		122,284				19.28		2,357,202		0.22%				10.98%
TOPS Managed Risk Balanced ETF Portfolio - Class 3 (NOTB3)
2016				0.00%		3,491				10.76		37,578		1.34%				6.02%
2015				0.00%		3,395				10.15		34,469		1.29%				-4.54%
TOPS Managed Risk Growth ETF Portfolio - Class 3 (NOTG3)
2016				0.00%		2,939				10.58		31,081		1.58%				5.51%
TOPS Managed Risk Moderate Growth ETF Portfolio - Class 3 (NOTMG3)
2016				0.00%		4,003				10.87		43,524		1.90%				6.14%
2015				0.00%		1,135				10.24		11,626		0.05%				-6.46%
2014				0.00%		10				10.95		110		0.10%				2.75%
2013				0.00%		320				10.66		3,411		0.83%				6.58%	****
VPS Growth and Income Portfolio - Class A (ALVGIA)
2016		0.00%	to	0.25%		781,559		32.48	to	31.34		24,692,434		1.00%		11.30%	to	11.02%
2015		0.00%	to	0.25%		794,184		29.19	to	28.23		22,576,076		1.45%		1.70%	to	1.45%
2014		0.00%	to	0.25%		831,086		28.70	to	27.83		23,312,057		1.55%		9.54%	to	9.27%
2013		0.00%	to	0.25%		575,885		26.20	to	25.47		14,819,195		1.26%		34.96%	to	34.63%
2012		0.00%	to	0.25%		466,391		19.41	to	18.92		8,924,592		1.56%		17.52%	to	17.23%
VPS International Value Portfolio - Class A (ALVIVA)
2016		0.00%	to	0.25%		1,068,396		8.62	to	8.39		9,032,273		1.39%		-0.50%	to	-0.75%
2015		0.00%	to	0.25%		981,220		8.67	to	8.46		8,359,637		2.59%		2.59%	to	2.33%
2014		0.00%	to	0.25%		1,020,175		8.45	to	8.27		8,490,269		3.43%		-6.21%	to	-6.45%
2013		0.00%	to	0.25%		1,306,206		9.01	to	8.83		11,634,412		6.94%		23.00%	to	22.70%
2012		0.00%	to	0.25%		1,136,094		7.32	to	7.20		8,221,153		1.40%		14.53%	to	14.25%
VPS Small/Mid Cap Value Portfolio - Class A (ALVSVA)
2016		0.00%	to	0.25%		460,947		46.38	to	44.82		21,145,299		0.59%		25.09%	to	24.78%
2015		0.00%	to	0.25%		496,940		37.07	to	35.92		18,216,191		0.79%		-5.49%	to	-5.72%
2014		0.00%	to	0.25%		515,175		39.23	to	38.10		20,013,603		0.72%		9.20%	to	8.93%
2013		0.00%	to	0.25%		413,328		35.92	to	34.98		14,715,273		0.63%		38.06%	to	37.71%
2012		0.00%	to	0.25%		393,530		26.02	to	25.40		10,156,369		0.56%		18.75%	to	18.45%
VP Capital Appreciation Fund - Class I (ACVCA)
2016		0.00%	to	0.25%		55,448		11.67	to	11.59		642,966		0.00%		3.23%	to	2.97%
2015		0.00%	to	0.25%		51,411		11.30	to	11.25		578,782		0.00%		1.93%	to	1.68%
2014		0.00%	to	0.25%		145,072		11.09	to	11.07		1,606,401		0.00%		10.86%	to	10.67%	****
VP Income & Growth Fund - Class I (ACVIG)
2016		0.00%	to	0.25%		671,446		30.21	to	21.97		19,116,463		2.36%		13.48%	to	13.20%
2015		0.00%	to	0.25%		724,329		26.63	to	19.40		18,198,664		2.08%		-5.62%	to	-5.86%
2014		0.00%	to	0.25%		899,634		28.21	to	20.61		23,330,878		2.04%		12.50%	to	12.22%
2013		0.00%	to	0.25%		900,940		25.08	to	18.37		21,067,403		2.22%		35.82%	to	35.48%
2012		0.00%	to	0.25%		984,649		18.46	to	13.56		16,875,187		2.10%		14.74%	to	14.46%

	Contract Expense Rate*				Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**		Total Return***
VP Inflation Protection Fund - Class II (ACVIP2)
2016				0.00%		573,519				16.25		9,320,785		1.82%				4.39%
2015				0.00%		611,924				15.57		9,526,951		2.05%				-2.47%
2014				0.00%		783,544				15.96		12,507,527		1.30%				3.30%
2013				0.00%		880,216				15.45		13,601,857		1.80%				-8.48%
2012				0.00%		2,163,527				16.88		36,530,087		2.45%				7.39%
VP International Fund - Class I (ACVI)
2016		0.00%	to	0.25%		267,024		21.45	to	13.37		3,579,842		0.99%		-5.50%	to	-5.73%
2015		0.00%	to	0.25%		103,448		22.70	to	14.19		1,476,332		0.36%		0.76%	to	0.51%
2014		0.00%	to	0.25%		119,008		22.53	to	14.11		1,859,779		1.93%		-5.51%	to	-5.74%
2013		0.00%	to	0.25%		242,842		23.84	to	14.97		3,853,608		1.66%		22.41%	to	22.10%
2012		0.00%	to	0.25%		268,588		19.48	to	12.26		3,523,554		0.95%		21.16%	to	20.86%
VP Mid Cap Value Fund - Class I (ACVMV1)
2016		0.00%	to	0.25%		573,834		33.06	to	32.11		18,828,526		1.70%		22.85%	to	22.55%
2015		0.00%	to	0.25%		500,601		26.91	to	26.20		13,389,899		1.64%		-1.43%	to	-1.68%
2014		0.00%	to	0.25%		492,846		27.30	to	26.65		13,379,525		1.17%		16.42%	to	16.13%
2013		0.00%	to	0.25%		482,118		23.45	to	22.95		11,238,525		1.23%		30.11%	to	29.79%
2012		0.00%	to	0.25%		397,347		18.02	to	17.68		7,119,230		2.06%		16.33%	to	16.04%
VP Ultra(R) Fund - Class I (ACVU1)
2016				0.25%		25,536				22.55		575,807		0.36%				4.19%
2015				0.25%		34,702				21.64		751,055		0.43%				6.01%
2014		0.10%	to	0.25%		77,382		20.81	to	20.42		1,598,803		0.36%		9.88%	to	9.72%
2013		0.10%	to	0.25%		74,672		18.94	to	18.61		1,405,659		0.52%		36.94%	to	36.73%
2012		0.10%	to	0.25%		87,718		13.83	to	13.61		1,206,681		0.00%		13.81%	to	13.64%
VP Value Fund - Class I (ACVV)
2016		0.00%	to	0.25%		721,213		41.93	to	34.68		25,652,949		1.81%		20.48%	to	20.18%
2015		0.00%	to	0.25%		723,165		34.80	to	28.85		21,342,297		2.11%		-3.88%	to	-4.12%
2014		0.00%	to	0.25%		813,491		36.21	to	30.10		25,658,246		1.56%		13.08%	to	12.80%
2013		0.00%	to	0.25%		723,483		32.02	to	26.68		20,213,290		1.65%		31.73%	to	31.40%
2012		0.00%	to	0.25%		640,587		24.31	to	20.31		13,676,677		1.93%		14.58%	to	14.29%
MidCap Stock Portfolio - Initial Shares (DVMCS)
2016		0.00%	to	0.25%		70,707		37.82	to	36.49		2,583,205		1.08%		15.47%	to	15.18%
2015		0.00%	to	0.25%		79,448		32.75	to	31.68		2,518,807		0.62%		-2.29%	to	-2.53%
2014		0.00%	to	0.25%		104,891		33.52	to	32.50		3,435,635		0.81%		12.09%	to	11.81%
2013		0.10%	to	0.25%		55,938		29.57	to	29.07		1,643,820		1.18%		34.86%	to	34.66%
2012		0.10%	to	0.25%		56,449		21.92	to	21.59		1,231,526		0.48%		19.55%	to	19.38%
Small Cap Stock Index Portfolio - Service Shares (DVSCS)
2016		0.00%	to	0.25%		3,029,148		36.10	to	34.80		106,432,931		0.90%		25.73%	to	25.41%
2015		0.00%	to	0.25%		3,013,709		28.71	to	27.75		84,362,335		0.73%		-2.33%	to	-2.57%
2014		0.00%	to	0.25%		3,271,232		29.40	to	28.48		93,959,139		0.55%		5.12%	to	4.86%
2013		0.00%	to	0.25%		2,964,896		27.96	to	27.16		81,233,215		0.95%		40.71%	to	40.36%
2012		0.00%	to	0.25%		2,443,618		19.87	to	19.35		47,702,720		0.44%		15.74%	to	15.45%
Appreciation Portfolio - Initial Shares (DCAP)
2016		0.00%	to	0.25%		680,407		29.81	to	19.86		18,964,648		1.63%		7.90%	to	7.63%
2015		0.00%	to	0.25%		800,138		27.63	to	18.45		20,291,117		1.68%		-2.47%	to	-2.71%
2014		0.00%	to	0.25%		1,135,867		28.33	to	18.97		27,937,998		1.81%		8.09%	to	7.82%
2013		0.00%	to	0.25%		1,660,176		26.21	to	17.59		35,692,893		1.96%		21.10%	to	20.80%
2012		0.00%	to	0.25%		1,960,552		21.64	to	14.56		35,125,710		3.70%		10.43%	to	10.15%
Opportunistic Small Cap Portfolio: Initial Shares (DSC)
2016				0.00%		40,468				25.95		1,050,101		0.00%				17.07%
2015				0.00%		42,927				22.17		951,485		0.00%				-2.28%
2014				0.00%		47,065				22.68		1,067,509		0.00%				1.59%
2013				0.00%		61,048				22.33		1,362,930		0.00%				48.55%
2012				0.00%		61,690				15.03		927,156		0.00%				20.56%
International Value Portfolio - Initial Shares (DVIV)
2016		0.00%	to	0.25%		180,986		18.59	to	17.93		3,255,207		2.13%		-1.45%	to	-1.69%
2015		0.00%	to	0.25%		216,185		18.86	to	18.24		3,953,737		2.30%		-2.72%	to	-2.96%
2014		0.00%	to	0.25%		291,203		19.39	to	18.80		5,511,637		2.00%		-9.32%	to	-9.55%
2013		0.00%	to	0.25%		546,235		21.38	to	20.78		11,390,676		2.00%		22.99%	to	22.69%
2012		0.00%	to	0.25%		551,230		17.38	to	16.94		9,366,349		3.81%		12.67%	to	12.38%

	Contract Expense Rate*				Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**		Total Return***
Variable Series II - DWS Small Mid Cap Value VIP - Class B (SVSSVB)
2016		0.00%	to	0.25%		13,045		17.13	to	16.74		219,472		0.22%		16.47%	to	16.18%
2015		0.00%	to	0.25%		14,430		14.71	to	14.41		208,665		0.00%		-2.21%	to	-2.46%
2014		0.00%	to	0.25%		48,141		15.04	to	14.77		713,559		0.72%		5.09%	to	4.83%
2013		0.00%	to	0.25%		124,095		14.31	to	14.09		1,767,021		0.53%		34.70%	to	34.36%
2012		0.00%	to	0.25%		57,937		10.63	to	10.49		609,570		1.21%		13.38%	to	13.10%
Variable Series II - DWS Large Cap Value VIP - Class B (SVSLVB)
2016		0.20%	to	0.25%		6,208		12.77	to	12.73		79,090		0.72%		-4.81%	to	-4.86%
2015		0.20%	to	0.25%		10,596		13.41	to	13.38		141,848		1.10%		-7.35%	to	-7.40%
2014		0.20%	to	0.25%		10,766		14.47	to	14.45		155,618		1.40%		10.14%	to	10.08%
2013		0.20%	to	0.25%		11,249		13.14	to	13.12		147,688		1.66%		30.28%	to	30.21%
2012		0.20%	to	0.25%		13,220		10.09	to	10.08		133,260		1.67%		9.22%	to	9.16%
Managed Tail Risk Fund II: Primary Shares (FVCA2P)
2016				0.00%		41,070				16.49		677,417		1.76%				-4.20%
2015				0.00%		40,403				17.22		695,612		1.64%				-6.29%
2014				0.00%		43,124				18.37		792,290		1.71%				-0.97%
2013				0.00%		43,232				18.55		802,033		0.96%				16.45%
2012				0.00%		43,680				15.93		695,862		0.63%				10.17%
Quality Bond Fund II - Primary Shares (FQB)
2016		0.00%	to	0.25%		1,087,537		22.91	to	21.92		24,488,403		3.57%		3.82%	to	3.57%
2015		0.00%	to	0.25%		1,164,659		22.07	to	21.17		25,290,762		3.73%		-0.24%	to	-0.49%
2014		0.00%	to	0.25%		1,283,800		22.12	to	21.27		27,987,363		3.86%		3.79%	to	3.53%
2013		0.00%	to	0.25%		1,349,684		21.31	to	20.55		28,352,506		4.25%		1.03%	to	0.78%
2012		0.00%	to	0.25%		1,455,486		21.09	to	20.39		30,285,783		4.22%		9.72%	to	9.45%
VIP Contrafund(R)Portfolio - Service Class (FCS)
2016		0.00%	to	0.25%		1,007,437		44.51	to	29.37		30,100,223		0.69%		7.91%	to	7.64%
2015		0.00%	to	0.25%		1,229,565		41.25	to	27.29		34,056,039		0.73%		0.56%	to	0.31%
2014		0.00%	to	0.25%		2,176,373		41.02	to	27.20		60,334,411		0.79%		11.82%	to	11.54%
2013		0.00%	to	0.25%		2,707,495		36.69	to	24.39		67,114,985		0.97%		31.14%	to	30.82%
2012		0.00%	to	0.25%		3,000,033		27.97	to	18.64		56,871,526		1.22%		16.31%	to	16.02%
VIP Energy Portfolio - Service Class 2 (FNRS2)
2016				0.00%		389,722				20.94		8,159,951		0.51%				33.51%
2015				0.00%		390,067				15.68		6,117,397		0.97%				-20.75%
2014				0.00%		405,538				19.79		8,025,181		0.71%				-12.76%
2013				0.00%		422,224				22.68		9,578,003		0.68%				24.15%
2012				0.00%		500,432				18.27		9,144,226		0.74%				4.73%
VIP Equity-Income Portfolio - Service Class (FEIS)
2016		0.00%	to	0.25%		2,126,322		30.11	to	23.49		60,289,878		2.21%		17.90%	to	17.61%
2015		0.00%	to	0.25%		2,345,447		25.54	to	19.97		56,301,658		3.02%		-4.09%	to	-4.33%
2014		0.00%	to	0.25%		2,527,460		26.63	to	20.88		63,137,536		2.59%		8.65%	to	8.38%
2013		0.00%	to	0.25%		3,053,344		24.51	to	19.26		69,302,459		2.39%		28.01%	to	27.69%
2012		0.00%	to	0.25%		3,341,092		19.14	to	15.09		59,227,345		2.97%		17.19%	to	16.89%
VIP Freedom Fund 2010 Portfolio - Service Class (FF10S)
2016		0.00%	to	0.25%		123,827		18.69	to	18.16		2,307,272		1.47%		5.28%	to	5.02%
2015		0.00%	to	0.25%		125,604		17.76	to	17.29		2,221,284		1.62%		-0.31%	to	-0.56%
2014		0.00%	to	0.25%		141,331		17.81	to	17.39		2,509,861		1.52%		4.35%	to	4.09%
2013		0.00%	to	0.25%		146,853		17.07	to	16.70		2,500,653		1.61%		13.39%	to	13.11%
2012		0.00%	to	0.25%		149,435		15.05	to	14.77		2,245,200		1.75%		11.69%	to	11.41%
VIP Freedom Fund 2020 Portfolio - Service Class (FF20S)
2016		0.00%	to	0.25%		1,731,090		19.50	to	18.94		33,032,291		1.57%		6.04%	to	5.78%
2015		0.00%	to	0.25%		1,516,176		18.39	to	17.91		27,384,785		1.92%		-0.37%	to	-0.62%
2014		0.00%	to	0.25%		1,234,002		18.46	to	18.02		22,435,469		1.76%		4.66%	to	4.40%
2013		0.00%	to	0.25%		1,085,182		17.64	to	17.26		18,902,163		2.00%		15.95%	to	15.67%
2012		0.00%	to	0.25%		858,487		15.21	to	14.92		12,942,087		2.06%		13.19%	to	12.90%

	Contract Expense Rate*				Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**		Total Return***
VIP Freedom Fund 2030 Portfolio - Service Class (FF30S)
2016		0.00%	to	0.25%		788,851		20.45	to	19.86		15,880,362		1.52%		6.52%	to	6.25%
2015		0.00%	to	0.25%		670,689		19.20	to	18.70		12,707,207		1.80%		-0.34%	to	-0.58%
2014		0.00%	to	0.25%		523,809		19.27	to	18.81		9,982,525		1.60%		4.86%	to	4.60%
2013		0.00%	to	0.25%		443,253		18.37	to	17.98		8,074,425		1.87%		21.50%	to	21.19%
2012		0.00%	to	0.25%		376,771		15.12	to	14.83		5,662,257		1.99%		15.48%	to	15.19%
VIP Freedom Income Fund Portfolio - Service Class (FFINS)
2016		0.20%	to	0.25%		78,879		12.24	to	12.21		965,432		1.37%		4.11%	to	4.06%
2015		0.20%	to	0.25%		104,625		11.76	to	11.73		1,230,126		1.73%		-0.62%	to	-0.67%
2014		0.20%	to	0.25%		87,841		11.83	to	11.81		1,039,310		1.27%		3.49%	to	3.43%
2013		0.20%	to	0.25%		151,165		11.44	to	11.42		1,728,409		1.48%		5.17%	to	5.12%
2012		0.20%	to	0.25%		151,926		10.87	to	10.86		1,651,835		1.44%		6.21%	to	6.15%
VIP Growth Opportunities Portfolio - Service Class (FGOS)
2016		0.00%	to	0.25%		16,574		22.69	to	20.45		351,314		0.21%		0.25%	to	0.00%
2015		0.00%	to	0.25%		20,793		22.63	to	20.45		437,298		0.01%		5.48%	to	5.22%
2014		0.00%	to	0.25%		176,408		21.45	to	19.43		3,137,228		0.14%		12.10%	to	11.82%
2013		0.00%	to	0.25%		143,931		19.14	to	17.38		2,307,620		0.22%		37.78%	to	37.43%
2012		0.00%	to	0.25%		145,694		13.89	to	12.65		1,697,922		0.29%		19.46%	to	19.16%
VIP Growth Portfolio - Service Class (FGS)
2016		0.00%	to	0.25%		3,646,974		30.12	to	17.04		86,005,841		0.00%		0.71%	to	0.46%
2015		0.00%	to	0.25%		3,760,319		29.91	to	16.97		89,520,714		0.16%		7.05%	to	6.79%
2014		0.00%	to	0.25%		4,030,458		27.94	to	15.89		89,015,373		0.10%		11.19%	to	10.91%
2013		0.00%	to	0.25%		3,923,497		25.13	to	14.32		79,884,384		0.19%		36.20%	to	35.86%
2012		0.00%	to	0.25%		4,158,645		18.45	to	10.54		62,818,069		0.49%		14.54%	to	14.26%
VIP High Income Portfolio - Service Class (FHIS)
2016		0.00%	to	0.25%		607,022		20.34	to	24.96		13,483,822		5.26%		14.37%	to	14.09%
2015		0.00%	to	0.25%		656,054		17.78	to	21.88		12,742,577		6.06%		-3.76%	to	-4.00%
2014		0.00%	to	0.25%		617,230		18.48	to	22.79		12,531,665		5.59%		1.07%	to	0.82%
2013		0.00%	to	0.25%		674,793		18.28	to	22.61		13,537,253		5.53%		5.87%	to	5.61%
2012		0.00%	to	0.25%		826,148		17.27	to	21.41		15,701,047		5.66%		14.20%	to	13.91%
VIP Index 500 Portfolio - Initial Class (FIP)
2016		0.20%	to	0.25%		2,755,616		18.41	to	18.32		50,693,063		1.45%		11.64%	to	11.58%
2015		0.20%	to	0.25%		2,841,994		16.49	to	16.42		46,835,841		2.06%		1.13%	to	1.08%
2014		0.20%	to	0.25%		2,135,022		16.30	to	16.25		34,793,037		1.59%		13.34%	to	13.29%
2013		0.20%	to	0.25%		2,279,769		14.38	to	14.34		32,780,167		1.87%		31.98%	to	31.91%
2012		0.20%	to	0.25%		2,582,139		10.90	to	10.87		28,133,397		2.18%		15.68%	to	15.63%
VIP Investment Grade Bond Portfolio - Service Class (FIGBS)
2016		0.00%	to	0.25%		10,948,211		17.40	to	16.82		186,155,320		2.38%		4.63%	to	4.37%
2015		0.00%	to	0.25%		10,467,562		16.63	to	16.11		170,471,100		2.56%		-0.71%	to	-0.95%
2014		0.00%	to	0.25%		9,237,349		16.75	to	16.27		151,948,959		4.79%		5.75%	to	5.49%
2013		0.00%	to	0.25%		2,366,422		15.84	to	15.42		36,825,540		2.51%		-1.89%	to	-2.13%
2012		0.00%	to	0.25%		2,090,637		16.14	to	15.76		33,296,402		2.31%		5.77%	to	5.50%
VIP Mid Cap Portfolio - Service Class (FMCS)
2016		0.00%	to	0.25%		843,557		48.14	to	46.52		40,121,821		0.40%		12.11%	to	11.83%
2015		0.00%	to	0.25%		977,992		42.94	to	41.60		41,543,203		0.36%		-1.50%	to	-1.75%
2014		0.00%	to	0.25%		1,164,190		43.59	to	42.34		50,266,013		0.16%		6.20%	to	5.93%
2013		0.00%	to	0.25%		1,214,517		41.05	to	39.97		49,432,238		0.40%		36.06%	to	35.72%
2012		0.00%	to	0.25%		1,383,310		30.17	to	29.45		41,391,524		0.50%		14.75%	to	14.46%
VIP Money Market Portfolio - Initial Class (FMMP)
2016		0.20%	to	0.25%		935,135				10.00		9,352,900		0.06%				0.00%	****
VIP Overseas Portfolio - Service Class (FOS)
2016		0.00%	to	0.25%		778,504		20.46	to	15.19		15,330,538		1.31%		-5.12%	to	-5.36%
2015		0.00%	to	0.25%		882,090		21.56	to	16.05		18,130,581		1.45%		3.49%	to	3.23%
2014		0.00%	to	0.25%		527,024		20.84	to	15.54		9,627,274		1.18%		-8.16%	to	-8.39%
2013		0.00%	to	0.25%		587,917		22.69	to	16.97		11,686,468		1.01%		30.38%	to	30.05%
2012		0.00%	to	0.25%		898,979		17.40	to	13.05		13,225,058		1.63%		20.54%	to	20.24%

	Contract Expense Rate*				Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**		Total Return***
VIP Value Strategies Portfolio - Service Class (FVSS)
2016		0.00%	to	0.25%		121,726		28.27	to	27.25		3,438,169		1.04%		9.48%	to	9.21%
2015		0.00%	to	0.25%		133,932		25.82	to	24.95		3,457,479		0.74%		-3.05%	to	-3.30%
2014		0.00%	to	0.10%		210,258		26.63	to	26.30		5,579,423		0.96%		6.69%	to	6.59%
2013		0.00%	to	0.25%		208,874		24.96	to	24.24		5,197,182		0.85%		30.44%	to	30.12%
2012		0.00%	to	0.25%		214,480		19.14	to	18.63		4,094,123		0.49%		27.10%	to	26.78%
VIP Fidelity VIP Freedom Fund 2005 Portfolio - Service Class (FF05S)
2016		0.20%	to	0.25%		25,154		13.20	to	13.16		331,860		1.68%		4.68%	to	4.63%
2015		0.20%	to	0.25%		13,584		12.61	to	12.58		171,219		2.28%		-0.55%	to	-0.59%
2014		0.20%	to	0.25%		7,230		12.68	to	12.65		91,635		2.81%		3.98%	to	3.92%
2013		0.20%	to	0.25%		2,444		12.19	to	12.17		29,794		0.05%		9.38%	to	9.32%
VIP Fidelity VIP Freedom Fund 2015 Portfolio - Service Class (FF15S)
2016		0.00%	to	0.25%		559,667		14.78	to	14.46		8,116,942		1.35%		5.81%	to	5.55%
2015		0.00%	to	0.25%		785,176		13.97	to	13.70		10,782,045		1.88%		-0.44%	to	-0.68%
2014		0.00%	to	0.25%		660,580		14.03	to	13.80		9,131,177		1.73%		4.63%	to	4.37%
2013		0.00%	to	0.25%		560,735		13.41	to	13.22		7,423,685		2.10%		14.24%	to	13.96%
2012		0.00%	to	0.25%		391,232		11.74	to	11.60		4,546,241		2.15%		12.13%	to	11.85%
VIP Fidelity VIP Freedom Fund 2025 Portfolio - Service Class (FF25S)
2016		0.00%	to	0.25%		1,193,459		15.24	to	14.91		17,836,355		1.59%		6.11%	to	5.85%
2015		0.00%	to	0.25%		974,642		14.36	to	14.09		13,753,120		1.84%		-0.36%	to	-0.61%
2014		0.00%	to	0.25%		769,831		14.41	to	14.17		10,931,160		1.78%		4.98%	to	4.72%
2013		0.00%	to	0.25%		585,943		13.73	to	13.53		7,940,480		1.91%		19.89%	to	19.59%
2012		0.00%	to	0.25%		593,356		11.45	to	11.32		6,719,690		2.04%		14.97%	to	14.68%
VIP Fidelity VIP Freedom Fund 2040 Portfolio - Service Class (FF40S)
2016		0.00%	to	0.25%		507,853		16.91	to	16.63		8,463,559		1.31%		6.75%	to	6.48%
2015		0.00%	to	0.25%		429,474		15.84	to	15.62		6,716,605		1.63%		-0.35%	to	-0.60%
2014		0.00%	to	0.25%		358,910		15.90	to	15.71		5,646,780		1.51%		4.83%	to	4.57%
2013		0.00%	to	0.25%		324,799		15.16	to	15.02		4,884,677		1.68%		25.16%	to	24.85%
2012		0.00%	to	0.25%		258,702		12.11	to	12.03		3,115,259		2.29%		16.88%	to	16.59%
Mid Cap Value- Institutional Shares (GVMCE)
2016		0.20%	to	0.25%		646,194		37.97	to	37.70		24,384,347		0.95%		13.30%	to	13.25%
2015		0.20%	to	0.25%		1,165,986		33.51	to	33.29		38,868,918		0.34%		-9.42%	to	-9.47%
2014		0.10%	to	0.25%		1,722,307		37.46	to	36.77		63,498,186		1.01%		13.46%	to	13.29%
2013		0.10%	to	0.25%		1,889,614		33.01	to	32.46		61,475,627		0.90%		32.76%	to	32.56%
2012		0.10%	to	0.25%		1,843,696		24.87	to	24.48		45,244,297		1.16%		18.35%	to	18.17%
Goldman Sachs Structured Small Cap Equity Fund (GVCSE)
2016		0.00%	to	0.25%		35,339		16.09	to	15.95		567,983		0.78%		23.20%	to	22.89%
2015		0.00%	to	0.25%		4,569		13.06	to	12.98		59,353		0.39%		-2.13%	to	-2.37%
2014		0.00%	to	0.25%		2,986		13.35	to	13.29		39,722		0.96%		6.93%	to	6.66%
VIT Growth Opportunities Fund - Service Shares (GVGOPS)
2016		0.00%	to	0.25%		85,501		14.87	to	14.66		1,254,544		0.00%		1.42%	to	1.17%
2015		0.00%	to	0.25%		98,136		14.66	to	14.49		1,422,670		0.00%		-5.20%	to	-5.44%
2014		0.00%	to	0.25%		82,502		15.46	to	15.32		1,264,559		0.00%		11.10%	to	10.82%
2013		0.00%	to	0.25%		44,812		13.92	to	13.83		619,638		0.00%		32.20%	to	31.87%
2012		0.00%	to	0.25%		4,758		10.53	to	10.49		49,922		0.00%		19.43%	to	19.13%
Goldman Sachs Global Markets Navigator Fund - Service Shares (GVGMNS)
2016				0.00%		1,580				11.96		18,901		0.21%				4.34%
2015				0.00%		2,301				11.47		26,382		0.07%				-5.82%
2014				0.00%		3,054				12.17		37,178		0.03%				3.95%
2013				0.00%		3,565				11.71		41,751		0.10%				13.57%
2012				0.00%		92				10.31		949		0.00%				3.12%	****
ClearBridge Variable Small Cap Growth Portfolio - Class I (SBVSG)
2016		0.00%	to	0.25%		634,718		19.67	to	19.22		12,235,290		0.00%		5.80%	to	5.54%
2015		0.00%	to	0.25%		614,965		18.59	to	18.21		11,222,935		0.00%		-4.37%	to	-4.61%
2014		0.00%	to	0.25%		472,936		19.44	to	19.09		9,039,455		0.00%		4.08%	to	3.82%
2013		0.00%	to	0.25%		334,875		18.68	to	18.39		6,165,317		0.04%		47.05%	to	46.68%
2012		0.00%	to	0.25%		168,989		12.70	to	12.54		2,120,145		0.55%		19.43%	to	19.13%

	Contract Expense Rate*				Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**		Total Return***
Baron Growth Opportunities Fund Service Class (BNCAI)
2016		0.00%	to	0.25%		151,250		37.84	to	36.51		5,538,114		0.42%		5.57%	to	5.31%
2015		0.00%	to	0.25%		219,509		35.84	to	34.67		7,628,457		0.00%		-4.77%	to	-5.01%
2014		0.00%	to	0.25%		281,384		37.64	to	36.49		10,321,115		0.19%		4.85%	to	4.59%
2013		0.00%	to	0.25%		303,601		35.89	to	34.89		10,646,512		0.43%		40.06%	to	39.71%
2012		0.00%	to	0.25%		404,574		25.63	to	24.97		10,140,811		1.08%		18.24%	to	17.95%
Capital Appreciation Fund/VA - Non-Service Shares (OVGR)
2016		0.00%	to	0.25%		604,021		29.94	to	16.95		10,273,193		0.42%		-2.20%	to	-2.45%
2015		0.00%	to	0.25%		701,016		30.62	to	17.37		12,220,538		0.09%		3.54%	to	3.28%
2014		0.00%	to	0.25%		914,523		29.57	to	16.82		15,918,333		0.46%		15.41%	to	15.12%
2013		0.00%	to	0.25%		1,162,020		25.62	to	14.61		17,494,571		0.96%		29.74%	to	29.42%
2012		0.00%	to	0.25%		1,524,196		19.75	to	11.29		17,867,476		0.68%		14.12%	to	13.83%
Global Securities Fund/VA - Non-Service Shares (OVGS)
2016		0.00%	to	0.25%		3,013,243		23.41	to	22.45		69,044,951		1.05%		0.08%	to	-0.17%
2015		0.00%	to	0.25%		3,251,249		23.39	to	22.49		74,591,145		1.28%		3.94%	to	3.68%
2014		0.00%	to	0.25%		3,457,910		22.50	to	21.69		76,402,764		1.18%		2.29%	to	2.04%
2013		0.00%	to	0.25%		2,717,740		22.00	to	21.26		58,406,310		1.38%		27.31%	to	26.99%
2012		0.00%	to	0.25%		2,734,473		17.28	to	16.74		46,222,872		2.20%		21.26%	to	20.96%
International Growth Fund/VA - Non-Service Shares (OVIG)
2016		0.00%	to	0.25%		1,248,548		10.88	to	10.78		13,484,747		1.14%		-2.12%	to	-2.36%
2015		0.00%	to	0.25%		567,662		11.11	to	11.04		6,271,624		1.20%		3.43%	to	3.17%
2014		0.00%	to	0.25%		290,603		10.74	to	10.70		3,110,183		1.26%		-7.22%	to	-7.45%
2013		0.00%	to	0.25%		51,327		11.58	to	11.56		593,525		0.00%		15.80%	to	15.60%	****
Main Street Fund(R)/VA - Non-Service Shares (OVGI)
2016		0.00%	to	0.25%		1,255,013		26.98	to	22.78		32,835,661		1.10%		11.62%	to	11.34%
2015		0.00%	to	0.25%		1,317,469		24.17	to	20.46		30,977,868		0.93%		3.33%	to	3.07%
2014		0.00%	to	0.25%		1,408,467		23.39	to	19.85		32,046,995		0.83%		10.70%	to	10.43%
2013		0.00%	to	0.25%		1,526,979		21.13	to	17.97		31,396,294		1.10%		31.77%	to	31.44%
2012		0.00%	to	0.25%		1,674,156		16.04	to	13.67		26,173,622		0.95%		16.87%	to	16.58%
Main Street Small- & Mid-Cap Fund(R)/VA - Non-Service Shares (OVSC)
2016				0.00%		160,970				44.05		7,090,228		0.52%				18.05%
2015				0.00%		177,013				37.31		6,604,590		0.86%				-5.90%
2014				0.00%		181,616				39.65		7,201,116		0.85%				11.93%
2013				0.00%		188,218				35.42		6,667,259		0.96%				41.01%
2012				0.00%		174,944				25.12		4,394,613		0.57%				17.99%
Discovery Mid Cap Growth Fund/VA - Non-Service Shares (OVAG)
2016		0.00%	to	0.25%		1,041,368		26.74	to	14.40		24,141,291		0.00%		2.33%	to	2.08%
2015		0.00%	to	0.25%		1,117,680		26.13	to	14.11		25,440,131		0.00%		6.61%	to	6.34%
2014		0.00%	to	0.25%		1,275,602		24.51	to	13.27		26,730,869		0.00%		5.78%	to	5.52%
2013		0.00%	to	0.25%		1,422,801		23.17	to	12.57		28,081,043		0.01%		35.98%	to	35.64%
2012		0.00%	to	0.25%		1,587,180		17.04	to	9.27		23,239,276		0.00%		16.45%	to	16.16%
Global Strategic Income Fund/VA: Non-service Shares (OVSB)
2016				0.00%		1,230,121				14.25		17,527,847		4.88%				6.53%
2015				0.00%		1,411,021				13.38		18,872,561		5.97%				-2.26%
2014				0.00%		1,555,119				13.68		21,280,889		4.50%				2.84%
2013				0.00%		977,067				13.31		13,001,496		2.82%				-0.13%
2012				0.00%		140,055				13.32		1,866,129		6.52%				13.53%
All Asset Portfolio - Administrative Class (PMVAAA)
2016		0.00%	to	0.25%		1,190,145		18.99	to	18.39		22,052,007		2.69%		12.93%	to	12.65%
2015		0.00%	to	0.25%		1,268,463		16.81	to	16.33		20,816,920		3.21%		-8.99%	to	-9.21%
2014		0.00%	to	0.25%		1,513,875		18.47	to	17.99		27,369,965		5.30%		0.47%	to	0.22%
2013		0.00%	to	0.25%		1,466,038		18.39	to	17.95		26,438,388		4.71%		0.27%	to	0.02%
2012		0.00%	to	0.25%		1,420,335		18.34	to	17.94		25,602,177		6.62%		14.95%	to	14.66%
CommodityRealReturn(R)Strategy Portfolio - Administrative Class (PMVRSA)
2016				0.00%		26,588				6.36		169,022		1.17%				15.16%
2015				0.00%		8,994				5.52		49,651		2.61%				-25.70%
2014				0.00%		4,998				7.43		37,137		0.16%				-25.70%	****

	Contract Expense Rate*				Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**		Total Return***
Foreign Bond Portfolio (Unhedged) - Administrative Class (PMVFBA)
2016		0.00%	to	0.25%		108,659		12.45	to	12.18		1,334,432		1.18%		3.01%	to	2.75%
2015		0.00%	to	0.25%		160,948		12.08	to	11.85		1,934,119		1.51%		-7.08%	to	-7.31%
2014		0.00%	to	0.25%		106,364		13.00	to	12.79		1,375,723		2.13%		0.40%	to	0.15%
2013		0.00%	to	0.25%		231,139		12.95	to	12.77		2,986,586		1.83%		-6.47%	to	-6.71%
2012		0.00%	to	0.25%		154,021		13.85	to	13.69		2,127,709		5.68%		5.50%	to	5.24%
Long-Term U.S. Government Portfolio - Administrative Class (PMVLGA)
2016		0.00%	to	0.25%		87,777		15.17	to	14.92		1,312,706		2.00%		0.68%	to	0.43%
2015		0.00%	to	0.25%		183,456		15.07	to	14.85		2,725,551		2.05%		-1.40%	to	-1.65%
2014		0.20%	to	0.25%		167,933		15.14	to	15.10		2,536,398		2.26%		23.76%	to	23.70%
2013		0.20%	to	0.25%		147,258		12.23	to	12.21		1,798,035		2.48%		-13.12%	to	-13.17%
2012		0.20%	to	0.25%		29,236		14.08	to	14.06		411,188		2.14%		4.23%	to	4.18%
Low Duration Portfolio - Administrative Class (PMVLDA)
2016		0.00%	to	0.25%		2,612,115		15.60	to	15.05		39,611,897		1.49%		1.41%	to	1.15%
2015		0.00%	to	0.25%		3,359,878		15.39	to	14.88		50,361,877		3.20%		0.31%	to	0.06%
2014		0.00%	to	0.25%		4,315,631		15.34	to	14.87		64,586,899		1.13%		0.85%	to	0.60%
2013		0.00%	to	0.25%		4,244,504		15.21	to	14.79		63,117,103		1.42%		-0.13%	to	-0.38%
2012		0.00%	to	0.25%		3,426,127		15.23	to	14.84		51,151,896		1.93%		5.86%	to	5.59%
Real Return Portfolio - Administrative Class (PMVRRA)
2016		0.00%	to	0.25%		2,947,950		19.36	to	18.67		55,376,645		2.28%		5.19%	to	4.92%
2015		0.00%	to	0.25%		3,850,039		18.40	to	17.80		68,846,366		3.66%		-2.70%	to	-2.95%
2014		0.00%	to	0.25%		5,207,734		18.91	to	18.34		96,011,944		1.42%		3.09%	to	2.83%
2013		0.00%	to	0.25%		5,409,910		18.35	to	17.83		96,923,936		1.64%		-9.22%	to	-9.44%
2012		0.00%	to	0.25%		5,891,396		20.21	to	19.69		116,545,395		1.08%		8.75%	to	8.48%
Total Return Portfolio - Administrative Class (PMVTRA)
2016		0.00%	to	0.25%		3,991,985		20.37	to	19.65		79,322,917		2.08%		2.69%	to	2.43%
2015		0.00%	to	0.25%		4,440,358		19.84	to	19.19		85,963,454		4.31%		0.44%	to	0.18%
2014		0.00%	to	0.25%		8,771,801		19.75	to	19.15		168,922,532		1.89%		4.27%	to	4.01%
2013		0.00%	to	0.25%		22,671,205		18.94	to	18.41		421,168,048		2.20%		-1.96%	to	-2.20%
2012		0.00%	to	0.25%		22,903,897		19.32	to	18.83		434,553,540		2.57%		9.60%	to	9.33%
Pioneer Emerging Markets VCT Portfolio - Class I Shares (PIVEMI)
2016		0.00%	to	0.25%		65,304		5.86	to	5.72		379,312		0.51%		6.31%	to	6.05%
2015		0.00%	to	0.25%		120,357		5.51	to	5.40		660,266		3.57%		-15.36%	to	-15.57%
2014		0.00%	to	0.25%		127,281		6.51	to	6.39		824,010		0.61%		-12.56%	to	-12.77%
2013		0.00%	to	0.25%		198,081		7.45	to	7.33		1,462,804		1.13%		-1.97%	to	-2.21%
2012		0.00%	to	0.25%		209,227		7.59	to	7.50		1,577,304		0.49%		11.97%	to	11.69%
Pioneer Variable Contracts Trust - Pioneer High Yield VCT Portfolio: Class I (PIHYB1)
2016		0.00%	to	0.25%		162,466		29.96	to	28.90		4,732,309		4.91%		14.25%	to	13.96%
2015		0.00%	to	0.25%		154,355		26.22	to	25.36		3,941,198		4.78%		-3.94%	to	-4.18%
2014		0.00%	to	0.25%		204,952		27.30	to	26.47		5,470,578		4.72%		0.08%	to	-0.17%
2013		0.00%	to	0.25%		238,255		27.27	to	26.51		6,364,135		5.22%		12.05%	to	11.77%
2012		0.00%	to	0.25%		320,179		24.34	to	23.72		7,633,325		5.53%		16.05%	to	15.76%
VT Growth & Income Fund: Class IB (PVGIB)
2016				0.00%		36,456				26.14		953,117		1.74%				15.02%
2015				0.00%		41,318				22.73		939,191		1.81%				-7.53%
2014				0.00%		44,044				24.58		1,082,646		1.18%				10.73%
2013				0.00%		44,765				22.20		993,714		1.71%				35.68%
2012				0.00%		46,906				16.36		767,445		1.65%				19.14%
VT Growth Opportunities Fund: Class IB (PVGOB)
2016				0.00%		114,741				10.14		1,163,974		0.00%				1.44%	****
VT International Equity Fund: Class IB (PVTIGB)
2016				0.00%		39,642				20.96		831,053		3.39%				-2.45%
2015				0.00%		45,227				21.49		971,980		1.16%				0.14%
2014				0.00%		51,810				21.46		1,111,894		0.87%				-6.78%
2013				0.00%		49,608				23.02		1,142,034		1.43%				28.07%
2012				0.00%		53,095				17.98		954,407		2.17%				21.92%
VT Small Cap Value Fund: Class IB (PVTSCB)
2016		0.00%	to	0.25%		57,699		17.68	to	17.28		998,748		1.18%		27.49%	to	27.18%
2015		0.00%	to	0.25%		61,145		13.87	to	13.58		832,325		0.82%		-4.24%	to	-4.48%
2014		0.00%	to	0.25%		51,730		14.48	to	14.22		736,687		0.32%		3.43%	to	3.18%
2013		0.20%	to	0.25%		720		13.83	to	13.78		9,931		0.78%		39.33%	to	39.26%
2012		0.20%	to	0.25%		299		9.92	to	9.90		2,964		0.38%		17.25%	to	17.19%

	Contract Expense Rate*				Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**		Total Return***
VT Voyager Fund: Class IB (obsolete) (PVTVB)
2015				0.00%		53,180				25.36		1,348,563		1.14%				-6.11%
2014				0.00%		59,171				27.01		1,598,169		0.74%				9.72%
2013				0.00%		80,179				24.62		1,973,714		0.75%				43.72%
2012				0.00%		66,439				17.13		1,137,933		0.33%				14.23%
VI Growth and Income Fund - Series I Shares (ACGI)
2016		0.00%	to	0.25%		298,376		19.91	to	19.58		5,846,925		1.13%		19.69%	to	19.40%
2015		0.00%	to	0.25%		288,247		16.63	to	16.40		4,730,237		2.87%		-3.06%	to	-3.30%
2014		0.00%	to	0.25%		312,024		17.16	to	16.96		5,294,775		1.85%		10.28%	to	10.00%
2013		0.00%	to	0.25%		286,045		15.56	to	15.42		4,412,360		1.50%		34.08%	to	33.75%
2012		0.00%	to	0.25%		306,238		11.61	to	11.53		3,531,500		1.77%		14.63%	to	14.35%
VI American Franchise Fund - Series I Shares (ACEG)
2016				0.00%		69,572				15.91		1,106,971		0.00%				2.27%
2015				0.00%		85,010				15.56		1,322,616		0.00%				5.01%
2014				0.00%		74,837				14.82		1,108,824		0.04%				8.44%
2013				0.00%		86,923				13.66		1,187,662		0.43%				40.14%
2012				0.00%		82,490				9.75		804,283		0.00%				-2.50%	****
VI Value Opportunities Fund - Series I Shares (AVBVI)
2016				0.25%		21				22.67		476		0.09%				18.04%
2015				0.25%		496				19.21		9,527		2.85%				-10.63%
2014		0.10%	to	0.25%		24,969		21.89	to	21.49		544,288		1.44%		6.51%	to	6.35%
2013		0.10%	to	0.25%		25,874		20.55	to	20.21		529,924		1.18%		33.62%	to	33.42%
2012		0.10%	to	0.25%		45,186		15.38	to	15.15		691,134		1.42%		17.59%	to	17.41%
VI High Yield Fund - Series I Shares (AVHY1)
2016		0.00%	to	0.25%		985,388		14.73	to	14.49		14,318,218		4.22%		11.21%	to	10.94%
2015		0.00%	to	0.25%		1,054,103		13.25	to	13.06		13,801,155		5.24%		-3.17%	to	-3.41%
2014		0.00%	to	0.25%		1,143,753		13.68	to	13.52		15,496,752		4.12%		1.73%	to	1.47%
2013		0.00%	to	0.25%		781,618		13.45	to	13.33		10,432,057		4.58%		7.01%	to	6.74%
2012		0.00%	to	0.25%		791,083		12.57	to	12.49		9,888,749		5.34%		17.17%	to	16.88%
VI International Growth Fund - Series I Shares (AVIE)
2016		0.00%	to	0.25%		1,875,898		23.57	to	22.84		43,042,681		1.41%		-0.45%	to	-0.70%
2015		0.00%	to	0.25%		2,038,231		23.68	to	23.00		47,081,685		1.31%		-2.34%	to	-2.59%
2014		0.00%	to	0.25%		2,475,931		24.25	to	23.61		58,655,441		1.60%		0.33%	to	0.08%
2013		0.00%	to	0.25%		2,336,984		24.17	to	23.59		55,292,311		1.27%		19.01%	to	18.72%
2012		0.00%	to	0.25%		2,122,930		20.31	to	19.87		42,304,002		1.49%		15.53%	to	15.24%
VI Mid Cap Core Equity Fund: Series I Shares (AVMCCI)
2016		0.00%	to	0.25%		15,984		21.97	to	21.38		345,514		0.09%		13.43%	to	13.15%
2015		0.00%	to	0.25%		21,154		19.36	to	18.89		402,728		0.34%		-4.03%	to	-4.27%
2014		0.00%	to	0.25%		22,264		20.18	to	19.74		442,463		0.04%		4.43%	to	4.17%
2013		0.00%	to	0.25%		71,330		19.32	to	18.95		1,353,655		0.71%		28.81%	to	28.49%
2012		0.00%	to	0.25%		66,547		15.00	to	14.75		981,528		0.10%		10.96%	to	10.68%
VI Small Cap Equity Fund - Series I Shares (AVSCE)
2016		0.20%	to	0.25%		23,157		11.22	to	11.20		259,411		0.00%		11.84%	to	11.79%
2015		0.20%	to	0.25%		19,997		10.03	to	10.02		200,390		0.00%		-5.71%	to	-5.75%
Micro-Cap Portfolio - Investment Class (ROCMC)
2016		0.00%	to	0.25%		199,081		32.53	to	31.38		6,274,296		0.72%		19.71%	to	19.41%
2015		0.00%	to	0.25%		261,835		27.17	to	26.28		6,917,448		0.00%		-12.46%	to	-12.68%
2014		0.00%	to	0.25%		372,394		31.04	to	30.09		11,279,156		0.00%		-3.58%	to	-3.82%
2013		0.00%	to	0.25%		803,412		32.19	to	31.29		25,228,360		0.41%		20.99%	to	20.68%
2012		0.00%	to	0.25%		1,529,776		26.60	to	25.93		39,796,745		0.00%		7.60%	to	7.34%
Small-Cap Portfolio - Investment Class (ROCSC)
2012		0.20%	to	0.25%		184,649		12.89	to	12.85		2,378,673		0.10%		12.27%	to	12.22%
Variable Fund - Multi-Hedge Strategies (RVARS)
2016				0.00%		50,046				10.60		530,647		0.11%				-0.48%
2015				0.00%		32,120				10.65		342,230		0.72%				1.85%
2014				0.00%		75,501				10.46		789,841		0.00%				4.66%
2013				0.00%		16,822				10.00		168,146		0.00%				-0.04%	****

	Contract Expense Rate*				Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**		Total Return***
Equity Income Portfolio - II (TREI2)
2016		0.00%	to	0.25%		959,441		29.88	to	28.83		27,774,880		1.78%		18.85%	to	18.56%
2015		0.00%	to	0.25%		2,107,227		25.14	to	24.32		51,431,936		1.54%		-7.11%	to	-7.34%
2014		0.00%	to	0.25%		2,807,870		27.07	to	26.24		73,939,912		1.51%		7.10%	to	6.84%
2013		0.00%	to	0.25%		2,898,250		25.27	to	24.57		71,406,961		1.33%		29.41%	to	29.08%
2012		0.00%	to	0.25%		2,782,361		19.53	to	19.03		53,102,114		1.93%		16.92%	to	16.63%
Health Sciences Portfolio - II (TRHS2)
2016		0.00%	to	0.25%		719,025		30.95	to	30.26		22,036,233		0.00%		-10.72%	to	-10.94%
2015		0.00%	to	0.25%		999,696		34.66	to	33.97		34,363,964		0.00%		12.47%	to	12.19%
2014		0.00%	to	0.25%		1,018,380		30.82	to	30.28		31,136,224		0.00%		31.22%	to	30.90%
2013		0.00%	to	0.25%		898,513		23.48	to	23.13		20,956,747		0.00%		50.51%	to	50.14%
2012		0.00%	to	0.25%		685,053		15.60	to	15.41		10,624,734		0.00%		31.00%	to	30.67%
Limited-Term Bond Portfolio (TRLT1)
2016		0.00%	to	0.25%		1,472,159		10.63	to	10.47		15,419,311		1.36%		1.37%	to	1.11%
2015		0.00%	to	0.25%		2,318,939		10.49	to	10.35		24,014,768		1.15%		0.30%	to	0.05%
2014		0.00%	to	0.25%		1,654,482		10.45	to	10.35		17,125,379		1.25%		0.64%	to	0.39%
2013		0.00%	to	0.25%		1,416,096		10.39	to	10.31		14,598,839		1.44%		0.13%	to	-0.12%
2012		0.00%	to	0.25%		230,839		10.37	to	10.32		2,382,554		2.05%		2.47%	to	2.22%
Mid-Cap Growth Portfolio - II (TRMCG2)
2016		0.20%	to	0.25%		458,552		50.20	to	49.84		22,859,346		0.00%		5.82%	to	5.77%
2015		0.20%	to	0.25%		442,133		47.43	to	47.12		20,838,600		0.00%		6.06%	to	6.01%
2014		0.10%	to	0.25%		770,625		45.28	to	44.45		34,378,988		0.00%		12.71%	to	12.54%
2013		0.10%	to	0.25%		767,584		40.17	to	39.50		30,393,507		0.00%		36.26%	to	36.06%
2012		0.10%	to	0.25%		815,148		29.48	to	29.03		23,729,275		0.00%		13.50%	to	13.33%
New America Growth Portfolio (TRNAG1)
2016		0.00%	to	0.25%		1,270,514		28.39	to	27.51		35,110,559		0.04%		1.31%	to	1.06%
2015		0.00%	to	0.25%		1,528,987		28.02	to	27.22		41,821,955		0.00%		8.60%	to	8.33%
2014		0.00%	to	0.25%		1,705,856		25.80	to	25.13		43,114,539		0.00%		9.33%	to	9.06%
2013		0.00%	to	0.25%		1,851,100		23.60	to	23.04		42,869,299		0.00%		38.01%	to	37.66%
2012		0.00%	to	0.25%		2,050,836		17.10	to	16.74		34,439,125		0.56%		13.12%	to	12.84%
Personal Strategy Balanced Portfolio (TRPSB1)
2016		0.00%	to	0.25%		234,318		17.39	to	16.96		3,981,119		1.71%		6.45%	to	6.19%
2015		0.00%	to	0.25%		231,861		16.34	to	15.97		3,704,524		1.73%		-0.05%	to	-0.30%
2014		0.00%	to	0.25%		255,954		16.34	to	16.02		4,113,269		1.68%		5.20%	to	4.94%
2013		0.00%	to	0.25%		250,814		15.54	to	15.26		3,840,044		1.53%		17.93%	to	17.63%
2012		0.00%	to	0.25%		306,888		13.17	to	12.97		3,988,841		1.90%		15.14%	to	14.86%
Blue Chip Growth Portfolio (TRBCGP)
2016		0.00%	to	0.25%		2,741,163		17.51	to	17.32		47,617,148		0.00%		0.78%	to	0.53%
2015		0.00%	to	0.25%		2,425,545		17.37	to	17.23		41,876,661		0.00%		11.05%	to	10.77%
2014		0.00%	to	0.25%		1,776,681		15.64	to	15.56		27,676,375		0.00%		9.17%	to	8.89%
2013		0.00%	to	0.25%		578,648		14.33	to	14.29		8,267,392		0.08%		41.15%	to	40.80%
2012		0.20%	to	0.25%		7,887				10.15		80,031		0.14%				1.46%	****
VIP Trust Emerging Markets Fund - Initial Class (VWEM)
2016		0.00%	to	0.25%		232,376		31.71	to	38.74		7,894,612		0.45%		0.10%	to	-0.15%
2015		0.00%	to	0.25%		238,851		31.68	to	38.79		8,091,073		0.58%		-13.99%	to	-14.21%
2014		0.00%	to	0.25%		336,325		36.83	to	45.22		14,009,036		0.51%		-0.41%	to	-0.66%
2013		0.00%	to	0.25%		354,185		36.98	to	45.52		14,745,182		1.64%		12.02%	to	11.74%
2012		0.00%	to	0.25%		421,121		33.02	to	40.74		15,749,369		0.00%		29.81%	to	29.48%
VIP Trust Global Hard Assets Fund - Initial Class (VWHA)
2016		0.00%	to	0.25%		890,301		32.39	to	37.44		32,061,348		0.38%		43.71%	to	43.35%
2015		0.00%	to	0.25%		891,836		22.54	to	26.12		22,688,388		0.03%		-33.45%	to	-33.61%
2014		0.00%	to	0.25%		809,893		33.87	to	39.34		31,040,065		0.10%		-19.10%	to	-19.30%
2013		0.00%	to	0.25%		877,892		41.86	to	48.75		42,783,280		0.72%		10.53%	to	10.26%
2012		0.00%	to	0.25%		956,384		37.87	to	44.21		42,827,287		0.60%		3.39%	to	3.13%

	Contract Expense Rate*				Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**		Total Return***
Variable Insurance Fund - Balanced Portfolio (VVB)
2016		0.20%	to	0.25%		525,315		17.80	to	17.72		9,344,611		2.34%		10.79%	to	10.74%
2015		0.20%	to	0.25%		489,833		16.06	to	16.00		7,865,315		2.42%		-0.11%	to	-0.16%
2014		0.20%	to	0.25%		442,815		16.08	to	16.03		7,118,439		2.09%		9.62%	to	9.57%
2013		0.20%	to	0.25%		418,598		14.67	to	14.63		6,138,829		2.15%		19.64%	to	19.59%
2012		0.20%	to	0.25%		371,867		12.26	to	12.23		4,558,352		2.42%		12.34%	to	12.28%
Insurance Fund - Capital Growth Portfolio (VVCG)
2016		0.20%	to	0.25%		1,075,747		10.98	to	10.97		11,812,030		1.14%		10.62%	to	10.57%
2015		0.20%	to	0.25%		1,016,660		9.93	to	9.92		10,091,991		0.00%		-0.73%	to	-0.76%	****
Variable Insurance Fund - Diversified Value Portfolio (VVDV)
2016		0.20%	to	0.25%		823,155		16.75	to	16.67		13,777,631		2.74%		12.74%	to	12.68%
2015		0.20%	to	0.25%		942,963		14.85	to	14.80		14,000,476		2.55%		-2.65%	to	-2.70%
2014		0.20%	to	0.25%		1,075,270		15.26	to	15.21		16,400,241		2.20%		9.61%	to	9.56%
2013		0.20%	to	0.25%		1,192,808		13.92	to	13.88		16,598,693		2.14%		29.14%	to	29.07%
2012		0.20%	to	0.25%		1,259,787		10.78	to	10.75		13,576,102		0.80%		16.27%	to	16.21%
Variable Insurance Fund - International Portfolio (VVI)
2016		0.20%	to	0.25%		737,202		10.94	to	10.89		8,059,541		1.45%		1.67%	to	1.62%
2015		0.20%	to	0.25%		867,678		10.76	to	10.72		9,330,551		0.88%		-0.97%	to	-1.02%
2014		0.20%	to	0.25%		395,718		10.86	to	10.83		4,297,083		1.47%		-6.24%	to	-6.29%
2013		0.20%	to	0.25%		468,254		11.59	to	11.55		5,423,630		1.38%		23.01%	to	22.95%
2012		0.20%	to	0.25%		471,330		9.42	to	9.40		4,438,353		2.10%		19.90%	to	19.84%
Variable Insurance Fund - Mid-Cap Index Portfolio (VVMCI)
2016		0.20%	to	0.25%		1,397,843		19.44	to	19.35		27,153,526		1.37%		10.89%	to	10.84%
2015		0.20%	to	0.25%		1,540,845		17.53	to	17.46		26,993,273		0.79%		-1.63%	to	-1.68%
2014		0.20%	to	0.25%		923,730		17.82	to	17.76		16,451,648		0.93%		13.37%	to	13.31%
2013		0.20%	to	0.25%		1,014,767		15.72	to	15.67		15,943,070		0.97%		34.66%	to	34.59%
2012		0.20%	to	0.25%		802,681		11.67	to	11.64		9,365,695		1.08%		15.58%	to	15.53%
Variable Insurance Fund - REIT Index Portfolio (VVREI)
2016		0.20%	to	0.25%		479,306		19.25	to	19.19		9,220,808		2.47%		8.14%	to	8.09%
2015		0.20%	to	0.25%		477,496		17.80	to	17.75		8,495,138		1.86%		2.02%	to	1.97%
2014		0.20%	to	0.25%		554,659		17.44	to	17.41		9,673,146		2.98%		29.85%	to	29.78%
2013		0.20%	to	0.25%		519,163		13.43	to	13.41		6,973,233		1.23%		2.13%	to	2.08%
2012		0.20%	to	0.25%		140,656		13.15	to	13.14		1,850,006		2.07%		17.22%	to	17.17%
Variable Insurance Fund - Short-Term Investment-Grade Portfolio (VVSTC)
2016		0.20%	to	0.25%		466,816		12.87	to	12.81		6,003,838		1.79%		2.51%	to	2.46%
2015		0.20%	to	0.25%		439,398		12.55	to	12.50		5,513,186		1.68%		0.92%	to	0.87%
2014		0.20%	to	0.25%		406,789		12.44	to	12.40		5,057,636		1.51%		1.55%	to	1.50%
2013		0.20%	to	0.25%		384,564		12.25	to	12.21		4,708,426		2.05%		0.87%	to	0.82%
2012		0.20%	to	0.25%		491,102		12.14	to	12.11		5,961,111		2.42%		4.21%	to	4.16%
Variable Insurance Fund - Small Company Growth Portfolio (VVSCG)
2016		0.20%	to	0.25%		236,916		19.15	to	19.11		4,536,674		0.33%		14.71%	to	14.65%
2015		0.20%	to	0.25%		240,856		16.70	to	16.67		4,021,049		0.37%		-2.95%	to	-2.99%
2014		0.20%	to	0.25%		241,303		17.21	to	17.18		4,151,048		0.29%		3.17%	to	3.12%
2013		0.20%	to	0.25%		268,075		16.68	to	16.66		4,470,014		0.00%		46.25%	to	46.18%
Variable Insurance Fund - Total Bond Market Index Portfolio (VVHGB)
2016		0.20%	to	0.25%		1,957,890		11.72	to	11.68		22,938,055		2.14%		2.27%	to	2.22%
2015		0.20%	to	0.25%		1,792,381		11.46	to	11.43		20,534,955		1.88%		0.13%	to	0.08%
2014		0.20%	to	0.25%		1,395,545		11.45	to	11.42		15,968,097		2.04%		5.68%	to	5.63%
2013		0.20%	to	0.25%		754,096		10.83	to	10.81		8,165,242		2.50%		-2.48%	to	-2.53%
2012		0.20%	to	0.25%		658,202		11.11	to	11.09		7,308,939		2.82%		3.82%	to	3.76%
Variable Insurance Portfolios - Asset Strategy (WRASP)
2016		0.00%	to	0.25%		572,683		13.37	to	13.07		7,622,325		0.56%		-2.57%	to	-2.81%
2015		0.00%	to	0.25%		1,052,576		13.72	to	13.44		14,359,260		0.33%		-8.35%	to	-8.57%
2014		0.00%	to	0.25%		996,762		14.97	to	14.70		14,876,200		0.49%		-5.26%	to	-5.50%
2013		0.00%	to	0.25%		1,017,541		15.81	to	15.56		16,046,069		1.28%		25.13%	to	24.82%
2012		0.00%	to	0.25%		1,146,952		12.63	to	12.47		14,446,242		1.12%		19.18%	to	18.88%

	Contract Expense Rate*				Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**		Total Return***
Variable Insurance Portfolios - Growth (WRGP)
2016		0.00%	to	0.25%		615,761		26.94	to	26.17		16,376,320		0.03%		1.22%	to	0.97%
2015		0.00%	to	0.25%		726,824		26.62	to	25.92		19,112,081		0.07%		7.17%	to	6.90%
2014		0.00%	to	0.25%		139,568		24.84	to	24.24		3,418,418		0.46%		11.81%	to	11.53%
2013		0.00%	to	0.25%		157,563		22.21	to	21.74		3,445,317		0.38%		36.46%	to	36.12%
2012		0.00%	to	0.25%		129,681		16.28	to	15.97		2,083,511		0.06%		12.74%	to	12.46%
Variable Insurance Portfolios - High Income (WRHIP)
2016		0.00%	to	0.25%		2,885,082		13.34	to	13.19		38,252,688		7.49%		16.19%	to	15.90%
2015		0.00%	to	0.25%		3,168,839		11.49	to	11.38		36,199,055		6.24%		-6.50%	to	-6.74%
2014		0.00%	to	0.25%		3,581,446		12.28	to	12.20		43,822,048		5.21%		1.90%	to	1.65%
2013		0.00%	to	0.25%		1,882,396		12.06	to	12.01		22,619,242		4.84%		10.50%	to	10.22%
2012		0.00%	to	0.25%		1,192,471		10.91	to	10.89		12,993,224		0.10%		9.10%	to	8.92%	****
Variable Insurance Portfolios - Mid Cap Growth (WRMCG)
2016		0.00%	to	0.25%		297,974		14.23	to	14.07		4,199,956		0.00%		6.12%	to	5.85%
2015		0.00%	to	0.25%		497,206		13.41	to	13.29		6,616,270		0.00%		-5.78%	to	-6.01%
2014		0.00%	to	0.25%		343,498		14.24	to	14.14		4,862,274		0.00%		7.87%	to	7.60%
2013		0.00%	to	0.25%		142,575		13.20	to	13.14		1,876,397		0.00%		29.94%	to	29.61%
2012		0.00%	to	0.25%		54,403		10.16	to	10.14		551,956		0.00%		1.56%	to	1.39%	****
Variable Insurance Portfolios - Real Estate Securities (WRRESP)
2016		0.00%	to	0.25%		390,460		22.70	to	22.04		8,724,567		1.05%		4.26%	to	4.01%
2015		0.00%	to	0.25%		323,475		21.77	to	21.20		6,956,811		1.17%		4.78%	to	4.52%
2014		0.00%	to	0.25%		387,600		20.78	to	20.28		8,001,317		0.90%		30.17%	to	29.84%
2013		0.00%	to	0.25%		263,504		15.96	to	15.62		4,179,060		1.00%		1.13%	to	0.88%
2012		0.00%	to	0.25%		166,858		15.78	to	15.48		2,612,179		0.74%		17.72%	to	17.42%
Variable Insurance Portfolios - Science and Technology (WRSTP)
2016		0.00%	to	0.25%		651,961		20.90	to	20.42		13,447,888		0.00%		1.54%	to	1.29%
2015		0.00%	to	0.25%		740,554		20.58	to	20.16		15,064,146		0.00%		-2.88%	to	-3.12%
2014		0.00%	to	0.25%		811,657		21.19	to	20.81		17,025,165		0.00%		2.91%	to	2.65%
2013		0.00%	to	0.25%		800,093		20.59	to	20.27		16,320,668		0.00%		56.38%	to	55.99%
2012		0.00%	to	0.25%		368,902		13.17	to	13.00		4,814,961		0.00%		27.83%	to	27.51%
Wells Fargo Variable Trust - VT Discovery Fund: Class 2 (SVDF)
2016		0.00%	to	0.25%		748,933		18.84	to	18.41		13,994,736		0.00%		7.65%	to	7.38%
2015		0.00%	to	0.25%		938,219		17.50	to	17.15		16,264,113		0.00%		-1.46%	to	-1.71%
2014		0.00%	to	0.25%		867,277		17.76	to	17.44		15,266,230		0.00%		0.36%	to	0.10%
2013		0.00%	to	0.25%		850,849		17.70	to	17.43		14,938,000		0.01%		43.80%	to	43.44%
2012		0.00%	to	0.25%		782,606		12.31	to	12.15		9,571,163		0.00%		17.74%	to	17.44%
Advantage VT Opportunity Fund - Class 2 (SVOF)
2016		0.00%	to	0.25%		229,422		27.31	to	26.19		6,021,481		2.02%		12.23%	to	11.95%
2015		0.00%	to	0.25%		234,040		24.33	to	23.40		5,486,988		0.13%		-3.08%	to	-3.33%
2014		0.00%	to	0.25%		379,694		25.10	to	24.20		9,224,502		0.06%		10.42%	to	10.15%
2013		0.00%	to	0.25%		451,113		22.73	to	21.97		9,949,773		0.20%		30.68%	to	30.35%
2012		0.00%	to	0.25%		483,311		17.40	to	16.86		8,189,839		0.09%		15.52%	to	15.23%
Advantage VT Small Cap Growth Fund - Class 2 (WFVSCG)
2016		0.00%	to	0.25%		270,148		17.32	to	16.92		4,612,821		0.00%		7.75%	to	7.48%
2015		0.00%	to	0.25%		390,465		16.07	to	15.74		6,201,275		0.00%		-2.88%	to	-3.12%
2014		0.00%	to	0.25%		389,785		16.55	to	16.25		6,377,957		0.00%		-1.88%	to	-2.12%
2013		0.00%	to	0.25%		431,204		16.86	to	16.60		7,209,362		0.00%		50.23%	to	49.85%
2012		0.00%	to	0.25%		712,536		11.23	to	11.08		7,928,009		0.00%		7.87%	to	7.60%
Global Securities Fund/VA - Class 3 (obsolete) (OVGS3)
2013				0.00%		967,069				20.71		20,025,316		1.37%				27.34%
2012				0.00%		957,445				16.26		15,569,771		2.16%				21.23%
Templeton Developing Markets Securities Fund - Class 3 (obsolete) (FTVDM3)
2013				0.00%		201,488				19.12		3,852,366		2.07%				-0.97%
2012				0.00%		218,972				19.31		4,227,747		1.42%				13.16%

	Contract Expense Rate*				Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**		Total Return***
Templeton Foreign Securities Fund - Class 3 (obsolete) (TIF3)
2013				0.00%		395,070				18.24		7,204,705		2.46%				22.98%
2012				0.00%		366,253				14.83		5,431,168		2.90%				18.30%
Templeton Global Bond Securities Fund - Class 3 (obsolete) (FTVGI3)
2013				0.00%		535,931				20.70		11,094,041		4.83%				1.64%
2012				0.00%		606,188				20.37		12,346,451		6.28%				15.06%
Calvert VP SRI Equity Portfolio (obsolete) (CVSSE)
2013		0.10%	to	0.25%		11,383		25.56	to	25.12		288,064		0.08%		30.92%	to	30.72%
2012		0.10%	to	0.25%		12,766		19.52	to	19.22		246,571		0.09%		15.83%	to	15.66%
Investors Growth Stock Series - Initial Class (obsolete) (MIGIC)
2014				0.00%		129,370				26.83		3,471,220		0.52%				11.45%
2013				0.00%		156,129				24.07		3,758,750		0.64%				30.29%
2012				0.00%		172,283				18.48		3,183,370		0.46%				16.97%
Mid Cap Growth Portfolio- Class 1 (obsolete) (OGGO)
2013		0.10%	to	0.25%		125,039		32.67	to	32.12		4,036,164		0.06%		43.16%	to	42.94%
2012		0.10%	to	0.25%		139,414		22.82	to	22.47		3,145,832		0.00%		15.99%	to	15.82%
Federated NVIT High Income Bond Fund - Class III (obsolete) (HIBF3)
2013				0.00%		588,722				18.20		10,716,292		6.72%				6.94%
2012				0.00%		644,890				17.02		10,977,189		8.23%				14.71%
VIP High Income Portfolio - Service Class R (obsolete) (FHISR)
2014				0.00%		262,020				15.40		4,035,140		5.61%				0.99%
2013				0.00%		272,620				15.25		4,157,098		5.27%				5.92%
2012				0.00%		338,588				14.40		4,874,361		5.95%				14.10%
NVIT Emerging Markets Fund - Class III (obsolete) (GEM3)
2013				0.00%		452,954				19.48		8,824,216		1.14%				0.75%
2012				0.00%		488,948				19.34		9,454,339		0.40%				17.24%
NVIT International Equity Fund - Class III (obsolete) (GIG3)
2013				0.00%		430,241				9.96		4,283,590		0.51%				17.81%
2012				0.00%		425,415				8.45		3,595,143		0.79%				15.58%
Research International Series - Service Class (obsolete) (MVRISC)
2014		0.00%	to	0.25%		288,102		10.01	to	9.82		2,832,586		1.20%		-7.09%	to	-7.32%
2013		0.00%	to	0.25%		423,329		10.78	to	10.60		4,491,538		1.76%		18.66%	to	18.37%
2012		0.00%	to	0.25%		403,657		9.08	to	8.96		3,617,731		2.64%		16.41%	to	16.12%
VIP Overseas Portfolio - Service Class R (obsolete) (FOSR)
2014				0.00%		677,999				16.56		11,224,415		1.22%				-8.18%
2013				0.00%		711,787				18.03		12,833,053		1.29%				30.30%
2012				0.00%		771,330				13.84		10,672,653		1.81%				20.67%
NVIT International Index Fund - Class VI (obsolete) (GVIX6)
2013				0.00%		145,428				11.84		1,722,073		3.07%				21.27%
2012				0.00%		101,703				9.76		993,072		2.68%				18.29%
NVIT Multi-Manager International Growth Fund - Class III (obsolete) (NVMIG3)
2013				0.00%		1,431,105				12.17		17,411,691		1.26%				21.34%
2012				0.00%		1,574,138				10.03		15,783,512		0.59%				15.78%
NVIT Multi-Manager International Value Fund - Class III (obsolete) (GVDIV3)
2013				0.00%		437,468				12.78		5,588,742		2.28%				21.42%
2012				0.00%		465,460				10.52		4,897,270		0.39%				17.24%
American Century NVIT Growth Fund - Class I (obsolete) (CAF)
2015		0.00%	to	0.25%		1,029,042		16.53	to	15.63		16,659,543		0.35%		4.67%	to	4.41%
2014		0.00%	to	0.25%		1,099,344		15.79	to	14.97		17,014,563		0.35%		11.33%	to	11.05%
2013		0.00%	to	0.25%		1,193,249		14.18	to	13.48		16,588,174		0.68%		29.74%	to	29.42%
2012		0.00%	to	0.25%		1,304,902		10.93	to	10.41		13,959,713		0.56%		14.02%	to	13.74%
VP Vista(SM) Fund - Class I (obsolete) (ACVVS1)
2013		0.00%	to	0.25%		90,579		18.87	to	18.47		1,683,610		0.00%		30.17%	to	29.85%
2012		0.00%	to	0.25%		124,668		14.50	to	14.22		1,784,625		0.00%		15.61%	to	15.33%

	Contract Expense Rate*				Units		Unit Fair Value				Contract Owners’ Equity		Investment Income Ratio**		Total Return***
Small-Cap Growth Portfolio - S Class Shares (obsolete) (AMFAS)
2014		0.00%	to	0.10%		76,374		22.15	to	21.88		1,685,063		0.00%		3.47%	to	3.37%
2013		0.00%	to	0.25%		145,700		21.40	to	20.81		3,077,339		0.00%		45.83%	to	45.47%
2012		0.00%	to	0.25%		115,055		14.68	to	14.30		1,668,533		0.00%		8.82%	to	8.55%
2016		Contract owners’ equity:											$	4,733,099,813
2015		Contract owners’ equity:											$	4,526,981,672
2014		Contract owners’ equity:											$	4,739,882,176
2013		Contract owners’ equity:											$	4,637,188,888
2012		Contract owners’ equity:											$	4,083,042,311

* This represents the range of annual contract expense rates of the variable account at the period end indicated and includes only those expenses that are charged through a reduction in the unit values. Excluded are expenses of the underlying mutual funds and charges made directly to contract owner accounts through the redemption of units.

** This represents the ratio of dividends for the period indicated, excluding distributions of capital gains, received by the subaccount from the underlying mutual fund, net of management fees assessed by the fund manager, divided by monthly average net assets (excluding months where net assets are zero). The investment income ratio for subaccounts initially funded during the period presented has not been annualized. The ratios exclude those expenses that result in direct reductions to the contract owner accounts through reductions in unit values. The recognition of investment income by the subaccount is affected by the timing of the declaration of dividends by the underlying fund in which the subaccounts invest.

*** This represents the range of minimum and maximum total returns for the period indicated, including changes in the value of the underlying mutual fund, which reflects the reduction of unit values for expenses assessed. The total returns do not include any expenses assessed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction in the total return presented. Total return is not annualized if the underlying mutual fund option is initially offered, funded, or both, during the period presented. Minimum and maximum ranges are not shown for underlying mutual fund options for which a single contract expense rate (product option) exists. In such cases, the total return presented is representative of all units issued and outstanding at period end.

**** Subaccounts denoted indicate the underlying mutual fund option was initially added and funded during the period presented. Prior period presentation, which indicated the date the underlying mutual fund was initially added and funded, has been updated to conform with current period presentation.