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Symetra True Variable Annuity Offers Yacktman Sub-Advised Fund On Exclusive, Tax-Deferred Basis

Symetra Life Insurance Company today announced the availability of a Yacktman Asset Management sub-advised fund on an exclusive, tax-deferred basis in the new Symetra True Variable Annuity(SM). Yacktman will serve as sub-adviser to one of the funds included in the Symetra Mutual Funds Trust. Earlier today, Symetra Life unveiled its new True variable annuity (VA), which is designed for clients of fee-based and fee-only financial advisers who want low fees, 1 tax deferral and premier investment choices.

“A high-caliber investment lineup is central to Symetra True VA’s value proposition,” said Tom Marra, president and chief executive officer of Symetra Financial Corporation. “With a Yacktman sub-advised fund exclusive to our variable annuity, investors will have access to a highly sought-after fund strategy. When you add the benefits of tax deferral, our partnership with Yacktman brings even more value to advisers and their clients.”

Symetra Investment Management, Inc., a subsidiary of Symetra Financial Corporation, will act as the investment adviser to the new Symetra Mutual Funds Trust family of mutual funds. Yacktman will act as sub-adviser of the Symetra Yacktman Focused Fund and will be responsible for day-to-day portfolio management of the fund.

“We are delighted to be teaming up with Symetra in delivering this unique investment option to the public,” said Donald Yacktman, president and co-chief investment officer of Yacktman Asset Management Co.

The Symetra Yacktman Focused Fund will be managed by the team of Donald Yacktman, Stephen Yacktman, Jason Subotky and Russell Wilkins.

The Symetra Yacktman Focused Fund seeks long-term capital appreciation and, to a lesser extent, income. Under normal market conditions, the Focused Fund pursues its investment objective by investing a majority of its assets in common stock of U.S. issuers. Some, but not all, Fund holdings may pay dividends. The Fund is a non-diversified fund and generally will hold securities of fewer issuers than the typical equity mutual fund. Consistent with this, although the Fund invests in issuers of any size market capitalization, the sub-adviser prefers larger companies to smaller ones.

About Symetra

Symetra Life Insurance Company is a subsidiary of Symetra Financial Corporation (NYSE: SYA), a diversified financial services company based in Bellevue, Wash. In business since 1957, Symetra provides employee benefits, annuities and life insurance through a national network of benefit consultants, financial institutions, and independent agents and advisors. For more information, visit www.symetra.com.

About Yacktman Asset Management

Yacktman Asset Management Co. serves as an investment adviser to The Yacktman Fund and The Yacktman Focused Fund, as well as separate accounts for taxable and tax-exempt organizations. The firm follows a disciplined investment strategy, typically purchasing high-quality businesses at what it believes to be attractive prices. Founded in 1992, the firm is based in Austin, Texas.

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