# EDGAR Filing Document

**Accession Number:** 0000766351
**File Stem:** 0001193125-26-183919
**Filing Date:** 2026-4
**Character Count:** 13659
**Document Hash:** 741424ed91b0c2646e3b9a1dac9ee7d5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-183919.hdr.sgml**: 20260428

**ACCESSION NUMBER**: 0001193125-26-183919

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260428

**DATE AS OF CHANGE**: 20260428

**EFFECTIVENESS DATE**: 20260428

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Securian Funds Trust
- **CENTRAL INDEX KEY:** 0000766351

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 002-96990
- **FILM NUMBER:** 26903493

**BUSINESS ADDRESS:**
- **STREET 1:** 400 N ROBERT ST
- **CITY:** ST PAUL
- **STATE:** MN
- **ZIP:** 55101
- **BUSINESS PHONE:** 6516656918

**MAIL ADDRESS:**
- **STREET 1:** 400 ROBERT STREET NORTH
- **CITY:** ST PAUL
- **STATE:** MN
- **ZIP:** 55101-2098

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ADVANTUS SERIES FUND INC
- **DATE OF NAME CHANGE:** 19970609

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MIMLIC SERIES FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### SFT Index 500 Fund (Series ID: S000024507)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000072680 | Class 1      |  |
| C000072681 | Class 2      |  |

SFT Index 500 Fund <br>a Series of Securian Funds Trust <br>Class 1 or Class 2 Shares

Summary Prospectus \| May 1, 2026

This summary prospectus is designed to provide investors with key Fund information in a clear and concise format. Before you invest, you may want to review the Fund's complete prospectus, which contains more information about the Fund and its risks. You can find the Fund's prospectus and other information about the Fund online at www.securianfunds.com/prospectus. You can also get this information at no cost by calling (800) 643-5728 or by sending an e-mail request to policyservices@securian.com. If you purchase shares of the Fund through a broker-dealer or other financial intermediary (such as a bank), the prospectus and other information will also be available from your financial intermediary. The Fund's prospectus and statement of additional information, both dated May 1, 2026, are incorporated by reference into this summary prospectus and may be obtained free of charge, at the website, phone number or e-mail address noted above.

**Investment Objective**

The Fund seeks investment results that correspond generally to the price and yield performance of the common stocks included in the Standard & Poor's 500<sup>®</sup> Composite Stock Price Index (the S&P 500<sup>®</sup>).

**Fees and Expenses**

This table describes the fees and expenses that you may pay if you buy, hold, and sell Class 1 or Class 2 shares of the Fund. **The table does not reflect charges assessed in connection with the variable life policies or variable annuity contracts, or qualified plans, that invest in the Fund. If these charges were included, the expenses shown in the table below would be higher.**

**Shareholder Fees**

(fees paid directly from your investment)

Not Applicable<br>

**Annual Fund Operating Expenses**

(expenses that you pay each year as a percentage of the value of your investment)

---

| | | |
|:---|:---|:---|
|  | **Class 1** | **Class 2** |
| Management Fees  | &nbsp;&nbsp;&nbsp;&nbsp; 0.15<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.15<br> %<br>|
| Distribution (12b-1) Fees  | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 0.25<br> %<br>|
| Other Expenses  | &nbsp;&nbsp;&nbsp;&nbsp; 0.02<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.02<br> %<br>|
| **Total Annual Fund Operating Expenses**  | &nbsp;&nbsp;&nbsp;&nbsp; 0.17<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 0.42<br> %<br>|

---

**Expense Example.** This example is intended to help you compare the costs of investing in the Fund with the cost of investing in other Funds.

The example assumes an investment of $10,000 in the Fund for the time periods indicated and then a redemption of all shares at the end of those periods. The example also assumes that the investment has a 5% return each year and that the Fund's operating expenses remain the same. The example does not reflect the other fees and expenses related to a variable life insurance policy, variable annuity contract or qualified plan that invests in the Fund. If these other fees and expenses were included, the expenses shown in the example below would be higher. Although actual costs may be higher or lower, based on these assumptions, costs would be:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **1 Year** | **3 Years** | **5 Years** | **10 Years** |
| Class 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $17 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $96 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $217 |
| Class 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $43 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $530 |

---

*Summary Information* **1**

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**Portfolio Turnover.** The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 4.4% of the average value of its portfolio.

**Principal Investment Strategies**

The Fund invests its assets in all of the common stocks included in the S&P 500<sup>®</sup>. The S&P 500<sup>®</sup> consists of approximately 500 large cap common stocks which together represent approximately 75% of the value of the total U.S. stock market. The weight of each stock in the index is determined by multiplying the stock price by the number of shares of that stock available for public trading. As of March 31, 2026, the market capitalizations of companies included in the S&P 500<sup>®</sup> ranged from $4,237.9 Billion to $2.8 Billion . Securian Asset Management, Inc. (Securian AM) uses computer modeling to replicate the index and round off security weightings. Rebalancing generally occurs quarterly.

The Fund attempts to achieve a correlation with the S&P 500<sup>®</sup> of 100% without considering Fund expenses. However, the Fund is not required to hold a minimum or maximum number of common stocks included in the S&P 500<sup>®</sup>, and due to changing economic or markets, may invest in less than all of the common stocks included in the S&P 500<sup>®</sup>. Under normal conditions, the Fund invests at least 80% of its net assets (including any borrowings for investment purposes) in the common stocks included in the S&P 500<sup>®</sup>. The Fund may at times invest significantly in certain sectors. As of December 31, 2025, the S&P 500<sup>®</sup> was concentrated in the Information Technology sector. The components of the S&P 500<sup>®</sup>, and the degree to which these components represent certain industries or sectors, may change over time.

**Principal Risks**

An investment in the Fund may result in the loss of money, and may be subject to various risks, which may be even greater during periods of market disruption or volatility, including the following types of principal risks:

<sup>▲</sup> **Risk of Stock Investing** – the risk that stocks generally fluctuate in value more than bonds and may decline significantly over short time periods. There is a chance that stock prices overall will decline because stock markets tend to move in cycles, with periods of rising prices and falling prices. The value of a stock in which the Fund invests may decline due to general weakness in the stock market or because of factors that affect a company or a particular industry.

<sup>▲</sup> **Large Company Risk** – the risk that a portfolio of large capitalization company securities may underperform the market as a whole.

<sup>▲</sup> **Market Risk** – the risk that equity securities are subject to adverse trends in equity markets.

<sup>▲</sup> **Sector Risk** – the risk that the securities of companies within specific industries or sectors of the economy can periodically perform differently than the overall market. This may be due to changes in such things as the regulatory or competitive environment or to changes in investor perceptions regarding a company.

<sup>▲</sup> **Index Performance Risk** – the risk that the Fund's ability to replicate the performance of the S&P 500<sup>®</sup> may be affected by, among other things, changes in securities markets, the manner in which Standard & Poor's Rating Services calculates the S&P 500<sup>®</sup>, the amount and timing of cash flows into and out of the Fund, commissions, settlement fees, and other expenses. The Fund's performance may also be adversely affected if a particular stock in the S&P 500<sup>®</sup> (or stocks within an industry heavily weighted by the S&P 500<sup>®</sup>) performs poorly.

<sup>▲</sup> **Concentration Risk** – the risk that the Fund's performance may be more susceptible to a single economic, regulatory or technological occurrence than an investment portfolio that does not concentrate its investments in a single industry. The Fund is subject to concentration risk if the Fund invests more than 25% of its total assets in a particular industry.

<sup>▲</sup> **Portfolio Risk** – the risk that Fund performance may not meet or exceed that of the market as a whole.

**Performance**

The following bar chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year and how the Fund's average annual returns over time compare to the return of a broad based index. The chart and table do not reflect the charges and other expenses associated with the variable life insurance policies and variable annuity contracts, or qualified plans which invest in the Fund. If such charges and expenses were included, the returns shown below would be lower. The past performance of the Fund does not necessarily indicate how the Fund will perform in the future.

**2** *Summary Information*

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**Calendar Year Total Returns for Class 2 Shares (a)**

![](g485216index500_2.jpg)

---

| |
|:---|
| **Best Quarter** |
| 2Q '20 \| 20.42% |
| **Worst Quarter** |
| 1Q '20 \| -19.65% |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The performance shown in the bar chart above is for Class 2 shares and reflects a 0.25% 12b-1 distribution fee that is not charged to Class 1 shares. The returns for Class 1 shares would be substantially similar to the returns shown in the bar chart, but for the 12b-1 fee associated with Class 2 shares.

**Average Annual Total Return** <br>**(for periods ending December 31, 2025)**

---

| | | | |
|:---|:---|:---|:---|
|  | 1 Year | 5 Years | 10 Years |
| Index 500 Fund — Class 1 | &nbsp;&nbsp;&nbsp;&nbsp; 17.64<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 14.17<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 14.58<br> %<br>|
| Index 500 Fund — Class 2 | &nbsp;&nbsp;&nbsp;&nbsp; 17.29<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 13.88<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 14.29<br> %<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; S&P 500<sup>®</sup> Index (reflects no deduction for fees, expenses <br> or taxes)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 17.88<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 14.42<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp; 14.82<br> %<br>|

---

**Management**

The Fund is advised by Securian AM. The following individual serves as the Fund's primary portfolio manager:

---

| | |
|:---|:---|
| **Name and Title** | **Primary Manager Since** |
| &nbsp;&nbsp;&nbsp;&nbsp; Jeremy P. Gogos, CFA, Ph.D.<br> Vice President and Portfolio Manager,<br> Securian AM<br>| June 10, 2024 |
| &nbsp;&nbsp;&nbsp;&nbsp; Merlin L. Erickson <br> Vice President and Portfolio Manager, <br> Securian AM<br>| June 10, 2024 |

---

**Purchase and Sale of Fund Shares**

Fund shares are sold only to participating life insurance company separate accounts and qualified plans (financial intermediaries) and are not offered directly to the public. Purchases and sales of Fund shares may be effected only through a participating life insurance company or qualified plan. Please refer to the appropriate separate account prospectus or plan documents for detail.

**Taxes**

For information concerning the tax consequences to purchasers of variable annuity contracts and variable life insurance policies issued by Minnesota Life Insurance Company (Minnesota Life) or other participating life insurance companies, please see the appropriate prospectus for those contracts.

*Summary Information* **3**

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**Payments to Broker-Dealers and Other Financial Intermediaries**

When you purchase Fund shares through a life insurance company in connection with its variable annuity contracts or variable life insurance policies, or through another financial intermediary such as a broker-dealer that sells variable annuity contracts or variable life insurance policies, the Fund or its related companies may pay the intermediary for the sale of Fund shares and related services. These payments may create a conflict of interest by influencing the life insurance company or broker-dealer to recommend the Fund over another investment. Ask your salesperson or visit your financial intermediary's web site for more information.

**4** *Summary Information*

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