Advantage III
Performance Numbers
Form Number AS095A
   
Base Policy - Average Annual Total Returns, without Surrender Charges, since inception of fund. Charges Included: A.) M&E = 1.35% and 0.09% for maintenance fee17, 18, B.) All fund charges and expenses, C.) Since inception of fund.

Fees and charges would have reduced the performance shown.

Performance data does not reflect the deduction of the surrender charge and that, if reflected, surrender charges would reduce the performance quoted.

The pre-dated performance is hypothetical, not historical, as it predates the inclusion of the investment option in the separate account funding the Variable Annuity.

The performance data quoted represents past performance. Past performance is no guarantee of future results. Current performance may be higher or lower then the performance quoted. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Please consider the fund's investment objectives, risks, charges and expenses carefully before investing. The product prospectus and the fund prospectuses contain this and other information about Midland National's variable products including the funds' investment objectives, risks, charges and expenses. To obtain current product and fund prospectuses, you can call or write to Midland National Annuity Division, 4601 Westown Parkway, Suite 300, West Des Moines, Iowa 50266-1071, 866-541-0918. Please read these prospectuses carefully before you invest or send any money. Click here (10171V) to download the Advantage III Prospectus.

*The fund invests primarily in the money market instruments issued and guaranteed as to the principal and interest by the U.S. Government, it agencies or instruments, and enters into repurchase agreements fully collateralized by U.S. Government securities. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.
 
as of
09/08/10(Updates Daily)
Average Annual Total Return
Updates Monthly (as of Aug 31 2010)
Investment Portfolios1
Date of Inception
Year to Date
1-Year
3-Year
5-Year
10-Year
Since Inception
Alger Capital Appreciation Portfolio 2
01/25/95-4.77%2.93%-6.38%3.82%-3.51%9.92%
American Century VP Balanced Fund 3
05/01/911.12%3.89%-3.80%-0.08%-0.41%4.28%
American Century VP Capital Appreciation Fund  2,3
11/20/877.01%11.05%-6.42%5.04%-2.17%5.63%
American Century VP Income & Growth Fund  3
05/01/02-2.42%0.20%-12.47%-4.44%---1.08%
American Century VP Inflation Protection 
12/31/023.87%7.56%4.82%3.32%--3.32%
American Century VP International Fund  3,4
08/15/01-2.26%3.14%-10.39%0.78%--0.55%
American Century VP Large Company Value Fund 
10/29/04-3.37%-0.51%-13.53%-4.41%---2.31%
American Century VP Mid Cap Value Fund 3,6
10/29/042.16%10.12%-4.41%1.81%--4.49%
American Century VP Ultra® Fund 
05/01/02-3.00%3.67%-8.33%-3.94%---1.96%
American Century VP Value Fund  7
08/14/01-0.94%3.47%-9.15%-1.85%--1.27%
Calvert VP SRI Equity Portfolio 3
05/01/02-0.63%2.31%-6.46%-1.31%--0.41%
Calvert VP SRI Mid Cap Growth Portfolio 2,3
07/16/915.06%15.65%-6.50%-2.04%-3.72%4.35%
Fidelity VIP Asset Manager: Growth®  3,5
01/12/000.59%5.87%-4.88%0.15%-2.36%-1.84%
Fidelity VIP Asset ManagerSM 3,5
01/12/002.27%7.08%-1.92%1.62%-0.09%0.31%
Fidelity VIP Balanced  3
01/12/001.37%6.41%-4.28%1.14%-0.04%0.37%
Fidelity VIP Contra® 3
01/12/00-1.18%3.34%-8.97%-0.83%0.34%0.68%
Fidelity VIP Equity-Income  3
01/12/00-1.95%-0.15%-13.60%-3.86%-1.02%-0.58%
Fidelity VIP Growth  3
01/12/001.30%5.78%-12.03%-3.24%-6.63%-5.26%
Fidelity VIP Growth & Income  3
01/12/00-3.49%-1.15%-12.08%-3.30%-2.98%-2.59%
Fidelity VIP Growth Opportunities  3
01/12/000.94%8.22%-12.83%-4.07%-5.34%-4.97%
Fidelity VIP High Income  3,5
01/12/007.04%16.13%3.89%4.19%1.09%0.33%
Fidelity VIP Index 500  3,6
01/12/00-1.25%3.14%-10.18%-2.58%-3.72%-3.04%
Fidelity VIP Investment Grade Bond  3
01/12/006.61%9.44%5.74%3.85%3.79%4.09%
Fidelity VIP Mid Cap  2,3
01/12/0011.02%15.90%-4.14%2.68%5.87%8.50%
Fidelity VIP Overseas  3,4
01/12/00-5.11%-3.06%-12.85%-1.25%-2.33%-2.45%
Fidelity VIP Value Strategies 3,21
02/20/023.98%8.20%-10.86%-1.91%--2.14%
Goldman Sachs VIT Large Cap Value Fund 
01/12/98-3.34%-0.18%-11.90%-3.26%-1.35%-0.21%
Goldman Sachs VIT Mid Cap Value 
05/01/984.77%10.51%-6.91%-0.86%4.98%3.58%
Goldman Sachs VIT Structured Small Cap Equity Fund 
02/13/982.49%7.03%-9.36%-6.13%-1.13%0.01%
Invesco VI Financial Services Series I 3,8,19
09/21/99-3.32%-7.33%-27.14%-15.02%-7.60%-4.83%
Invesco VI Global Health Care Series I 3,8,19,20
05/22/97-5.67%-1.18%-5.36%-1.35%-1.60%4.09%
Invesco VI Technology Series I 3,8,19,20
05/21/97-4.45%3.47%-9.13%-1.48%-14.21%-0.05%
Invesco VI Utilities Series I 3,8,19
01/03/950.65%7.44%-6.47%1.55%-1.46%4.34%
J.P. Morgan Insurance Trust Core Bond Portfolio 5
01/03/958.25%9.85%-2.16%-1.05%1.24%2.70%
J.P. Morgan Insurance Trust Small Cap Core Portfolio 2
01/03/951.54%4.75%-10.16%-3.91%-1.75%5.00%
Lord Abbett VC Growth & Income 3
12/11/890.13%0.13%-11.20%-3.20%-0.42%6.80%
Lord Abbett VC International Opportunities 2,3,4
09/15/992.55%4.55%-12.37%0.17%-2.64%0.12%
Lord Abbett VC Mid-Cap Value 2,3
09/15/993.50%8.88%-11.35%-3.95%3.63%5.32%
MFS® VIT Growth Series  2,3,4
05/01/00-3.67%2.87%-6.64%0.29%-7.29%-6.55%
MFS® VIT Investors Trust Series 3
05/01/00-3.98%-0.15%-8.17%-1.18%-2.79%-2.32%
MFS® VIT New Discovery Series  2,3
05/01/007.89%15.67%-2.36%1.97%-1.76%-1.05%
MFS® VIT Research Series  3,5
05/01/00-1.65%1.82%-7.76%-1.48%-4.62%-3.74%
Neuberger Berman AMT Mid-Cap Growth 
11/03/976.13%12.97%-9.30%0.56%----
Neuberger Berman AMT Regency 
08/22/014.18%10.46%-8.29%-2.93%--3.63%
Neuberger Berman AMT SmallCap Growth Portfolio 
07/12/02-4.28%1.49%-14.37%-7.62%---1.12%
PIMCO VIT High Yield  3,5
04/30/988.43%19.47%4.83%4.25%3.65%3.15%
PIMCO VIT Low Duration  3
02/16/993.29%5.26%5.44%4.12%3.34%3.26%
PIMCO VIT Real Return  3
09/30/996.65%11.64%6.81%4.11%6.18%6.27%
PIMCO VIT Total Return  3
12/31/976.96%9.55%9.49%6.22%5.38%4.97%
Rydex VT Inverse Government Long Bond Strategy 3,22
05/01/03-20.88%-21.07%-16.68%-8.41%---9.11%
Rydex VT Inverse NASDAQ-100 Strategy 3,8,12
05/21/01-6.81%-14.95%-6.39%-6.69%---5.54%
Rydex VT Inverse S&P 500 Strategy 3,12
06/10/97-4.36%-10.48%-0.24%-2.59%-0.88%-5.08%
Rydex VT NASDAQ-100 3,8
05/07/97-0.25%6.54%-5.85%0.05%-10.65%2.12%
Rydex VT Nova Fund 3,9,13
05/07/97-3.14%2.88%-19.20%-8.27%-9.32%-2.59%
Rydex VT U.S. Government Long Bond 1.2X Strategy 
08/18/9723.44%18.44%10.20%4.07%4.48%4.02%
Rydex VT U.S. Govt. Money Market Fund 3,14,*
05/07/97-0.99%-1.39%--------
Rydex VT U.S. Long Short Momentum Fund 3,23
05/01/02-2.45%2.13%-9.08%-1.04%--1.07%
Van Eck VIP Emerging Markets Fund 4
12/21/957.47%20.90%-5.41%10.14%7.77%6.37%
Van Eck VIP Global Bond Fund 4
09/01/894.10%4.53%5.48%4.19%4.88%3.96%
Van Eck VIP Global Hard Assets Fund 4,12
09/01/89-2.58%7.56%-3.03%8.60%11.26%6.84%
Van Eck Worldwide Real Estate Fund 4,11
06/23/97-0.07%8.15%-16.00%-2.12%5.58%5.00%

Guarantees are based on the claims-paying ability of Midland National.

Footnotes:

1. These investment portfolios are offered in connection with Midland National's Variable products. They are not the same as retail mutual funds with similar names available for direct purchase by the general public.

2. This portfolio invests in small- and medium-sized companies at risk for greater volatility than other larger company stock-type portfolios.

3. VP refers to American Century Variable Portfolios. VS refers to Calvert Variable Series. VIP refers to Fidelity Variable Insurance Products Fund. V.I. refers to AIM Variable Investment Funds. VIT refers to a MFS Variable Insurance Trust and PIMCO Variable Insurance Trust. VT refers to Rydex Variable Trust.

4. This portfolio is subject to special risks due to currency exchange rates, foreign taxation, economic and political environments, and differences in auditing and financial standards.

5. This portfolio is subject to the risks of investing in low-grade corporate bonds that have a higher default risk, less liquidity and greater sensitivity to changes in the economy than investment-grade securities.

6. This portfolio invests at least 80% of its assets in common stocks of companies that compose the S&P 500® Index in an attempt to mirror the investment performance of the index over the long term. It is unlikely a perfect correlation will be achieved. "Standard & Poor's®" and "S&P 500®" are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by Midland National Life Insurance Company. The product is not sponsored, endorsed, sold or promoted by Standard & Poor's, and Standard & Poor's makes no representation regarding the advisability of investing in the product.

7. The money market 7-day current yield is computed as follows: The fund's average daily net income per share during the 7-day period is divided by the average daily price per share during the period. The result is multiplied by 365, with the resulting annualized yield carried to the nearest 1/100th of 1%.

8. This portfolio is subject to the risks of concentrating a portfolio in a specific sector of the market. An investment in this division is subject to value fluctuations directly related to the condition or performance of the companies that make up the market segment represented and offer less diversification than divisions that include investments in companies from across several market segments.

9. This portfolio is subject to the risk that the cost of borrowing money to leverage will exceed the returns for the securities purchased or that the securities purchased may actually go down in value. Thus, the portfolio's net asset value can decrease more quickly than if the portfolio had not borrowed.

10. This portfolio invests in Hard Asset securities, which may be subject to greater risks and market fluctuations than other investments with more diversified portfolios. Some of these risks include: volatility of energy and basic materials prices; possible instability of the supply of various Hard Assets; the risks generally associated with extraction of natural resources; actions and changes in government which could affect the production and marketing of Hard Assets; and greater price fluctuation that may be experienced by Hard Asset securities than the underlying Hard Asset.

11. This portfolio is subject to risks inherent in real estate and Real Estate Investment Trusts that are associated with general and local economic conditions.

12. The use of leverage by a mutual fund increases the risk to the fund. The more a fund invests in leveraged instruments, the more leverage will magnify any gains or losses on those investments. The fund's use of derivatives such as futures, options and swap agreements may expose the fund to additional risks that they would not be subject to if they invested directly in the securities underlying those derivatives.

13. Investing in inverse funds involves certain risks, which may include increased volatility due to the fund's use of short sales of securities and derivatives such as options and futures.

14. This fund invests primarily in the money market instruments issued and guaranteed as to the principal and interest by the U.S. Government, its agencies or instruments, and enters into repurchase agreements fully collateralized by U.S. Government Securities.

15. As required by regulations, the Standardized Average Annual Total Returns with Surrender Charges represent past performance based on a $1,000 hypothetical investment. The returns reflect deduction of the following insurance charges (comprised of the mortality and expense risk charge): 1.35% for the Base Policy. The returns also reflect an annual maintenance fee of $30. This maintenance fee is based on the average Accumulation Value on 12/31/2003 of policies with less than $50,000, and is calculated at $30/$35,000 or 0.09% annually.

16. Returns also reflect Surrender Charges for the first nine years (beginning at 9 percent in the first year and decreasing 1 percent every year until they reach 0 percent in years ten and beyond). Surrender Charges would apply only in the event of a contract surrender at the end of the applicable period. No Surrender Charge will be assessed upon: (a) payment of death benefits; or (b) exercise of the free look right.

17. The Average Annual Total Returns without Surrender Charges represent past performance based on a $1,000 hypothetical investment and reflect deduction of the following insurance charges (comprised of the mortality and expense risk charge): 1.35% for the Base Policy. The returns also reflect an annual maintenance fee of $30. This maintenance fee is based on the average Accumulation Value on 12/31/2003 of policies with less than $50,000, and is calculated at $30/$35,000 or 0.09% annually.

18. Returns do not reflect applicable Surrender Charges. If reflected, the surrender charges would reduce the performance quoted.

19. Investing in mid-sized companies involves greater risk not associated with investing in more established companies. The fund may invest up to 25% of its assets in securities on non-U.S. issuers that presents risks not associated with investing solely in the United States. Securities of Canadian issuers and American Depositary Receipts are not subject to this 25% limitation.

20. Portfolio turnover is greater than most funds, which may affect performance.

21. Value stocks tend to be inexpensive relative to their earnings or assets compared to other types of stocks. However, value stocks can continue to be inexpensive for long periods of time and may not ever realize their full value. This portfolio is only offered as an investment option within a variable life or variable annuity contract.

22. Investing in Rydex Juno Fund involves certain risks, which may include increased volatility due to the Fund's possible use of short sales of securities and derivatives such as options and futures.

23. Investing in sector funds may be more volatile than investing in broadly diversified funds, as there can be greater risk due to the concentration of the Fund's holdings in issuers of the same or similar offerings.

24. Effective October 15, 2004, the name INVESCO VIF Financial Services Fund was changed to AIM VI Financial Services Fund; the name INVESCO VIF Health Sciences Fund was changed to AIM VI Health Sciences Fund; the name INVESCO VIF Technology Fund was changed to AIM VI Technology Fund; and the name INVESCO VIF Utilities Fund was changed to AIM VI Utilities Fund.

25. Class O shares.

26. Service Class II Shares.

27. These funds invest in derivatives which are subject to a number of risks, such as liquidity risk, interest rate risk, market risk, credit risk, and management risk and funds investing in derivative instruments could lose more then the principal amount invested.

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The initial offering of the Advantage III was March 1, 2005. The investment results shown represent historical returns based upon the assumption that the Advantage III was available for the periods shown. Past performance is no guarantee of future results. The return and principal value of an investment in any of the portfolios will fluctuate so that the value, when redeemed, may be worth more or less than its original cost. Except where noted, investment results include all charges and expenses for the base contract, including a contingent deferred surrender charge (which declines from a maximum of 9%) including any additional charges for riders.

Variable Insurance products are not bank deposits, and are not insured by the FDIC, NCUA, or other regulatory agencies. They are not obligations of or guaranteed by the financial institution or other affiliated entities, and are not a condition of a loan. These products are subject to market risks and may lose value, including loss of principal.

Fees and charges would have reduced the performance shown.

Withdrawals prior to age 59 1/2 may be subject to a 10% federal tax penalty.

DISTRIBUTION: The Advantage III is issued on form AS095A (individual contract) or AC095A (group certificate) or appropriate state variation issued by Midland National Life Insurance Company, West Des Moines, Iowa 50266.

The broker/dealer for Midland National's variable products is Sammons Securities Co.®, member FINRA/SIPC. Sammons Securities Co.® is a registered broker/dealer under the Securities Exchange Act of 1934. Sammons Securities Co.® is an indirect wholly owned subsidiary of Sammons Enterprises, Inc., of Dallas, Texas, the ultimate parent company of Midland National.

This contract and its features may not be available in all states. This material is authorized for distribution to prospective investors only when preceded or accompanied by the current prospectus. Variable annuity products such as the Advantage III have limitations. Not all investments or advisors or Separate Account portfolios are available in every state. For costs and complete details of coverage, contact the marketing department.

The Advantage III is a servicemark of Midland National and registration has been requested.

VARIABLE ANNUITIES ARE SUITABLE FOR LONG TERM INVESTING, SUCH AS RETIREMENT PLANNING, AND ARE SUBJECT TO MARKET RISK.

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