The Guardian Investor ProFreedom Variable AnnuitySM (B Share) Non-Standardized Performance
Reflecting all charges.

The 5/22/2015 unit values as of the close of business for the variable investment options of Guardian Investor ProFreedom Variable AnnuitySM (B Share). These hypothetical returns reflect fund-level and separate account level charges. The returns are calculated from the inception date of each investment option as if the contract had existed at that time. These unit values and returns are only for the Guardian Investor ProFreedom Variable AnnuitySM (B Share) basic contract. If you have a contract with any of the optional riders sold with this product, unit values and returns would be lower.

Guardian Investor ProFreedom Variable AnnuitySM (B Share)  and its underlying investment options are sold by prospectus only. Prospectuses contain important information, including fees and expenses. Please read the prospectuses carefully before investing or sending money. Please consider the investment objectives, risks, fees and charges of the investment company carefully before investing. Prospectuses contain important information, including fees and expenses. Please read the prospectuses carefully before investing or sending money. You should consider the investment objectives, risks, fees and charges of the investment company carefully before investing. The prospectus contains this and other important information. To obtain a prospectus, please click here or contact your financial professional or call 800-221-3253, option 1,0 To obtain a prospectus for the investment options, please contact your financial professional or call 1-800-221-3253.

 
Past Performance Does Not Guarantee Future Results
Fund NameDaily ValueDaily ChangeWeekly1 Month3 Month6 MonthFund Inception DateYTD1 Year
%
3 Year
%
5 Year
%
10 Year
%
Since Fund Inception
%
AB
AB VPS DYNAMIC ASSET ALLOCATION PORTFOLIO CLASS B[A,B,D,E,F,1]
11.529198 -0.17 -0.02 -0.27 1.34 3.43 4/01/11 4.37 5.94 N/A N/A N/A N/A
ALPS
ALPS REDROCKS PRIVATE EQUITY PORTFOLIO CL III[G]
10.613555 -0.61 0.06 3.80 4.15 N/A 10/24/14 N/A N/A N/A N/A N/A N/A
ALPS/ALERIAN ENERGY INFRASTRUCTURE PORTFOLIO CLASS III[C,D,E,F,G] 11.899869 -0.35 -1.13 -1.97 0.73 -7.41 4/30/13 -3.16 -2.30 N/A N/A N/A N/A
AMERICAN CENTURY
AMERICAN CENTURY VP INFLATION PROTECTION II[A,D,F]
9.951245 0.09 -0.12 -1.64 -0.42 -1.11 12/31/02 -0.21 -2.03 N/A N/A N/A N/A
AMERICAN CENTURY VP MID CAP VALUE FUND CLASS II[A,B] 13.088315 0.00 0.75 0.21 0.49 3.61 6/04/12 2.38 13.16 N/A N/A N/A N/A
DEUTSCHE
DEUTSCHE ALTERNATIVE ASSET ALLOCATION VIP-B[A,B,C,D,E,F,G,1]
10.451463 -0.30 -0.61 -0.37 -0.15 -1.17 2/02/09 0.46 -1.23 N/A N/A N/A N/A
EULAV
VALUELINE VIP EQUITY ADVANTAGE FUND[G]
10.167875 -0.10 0.36 0.57 1.14 N/A 12/31/14 N/A N/A N/A N/A N/A N/A
FIDELITY
FIDELITY VIP MONEY MARKET SRCL2[G]
9.963556 0.00 -0.02 -0.10 -0.31 N/A 1/12/00 N/A N/A N/A N/A N/A N/A
FIDELITY VIP GROWTH OPPORTUNITIES PORTFOLIO SERVICE CLASS 2[A] 13.921620 0.11 0.98 1.07 1.47 7.44 1/03/95 6.58 19.84 N/A N/A N/A N/A
FRANKLIN TEMPLETON
FRANKLIN GROWTH AND INCOME VIP FUND (CLASS 2 SHARES)[A,D,E]
12.475571 -0.41 -0.20 0.78 -0.31 1.02 1/24/89 1.83 7.48 N/A N/A N/A N/A
GUGGENHEIM INVESTMENTS
GUGGENHEIM VIF LONG SHORT EQUITY[A,B,C,D,F,G]
11.176887 -0.13 0.76 -0.30 -0.44 5.31 5/01/02 1.89 7.37 N/A N/A N/A N/A
FUND NAME
DAILY VALUE
DAILY CHANGE
WEEKLY
1 MONTH
3 MONTH
6 MONTH
FUND INCEPTION DATE
YTD
1 YEAR
%
3 YEAR
%
5 YEAR
%
10 YEAR
%
SINCE FUND INCEPTION
%
GUGGENHEIM VT MULTI-HEDGE STRATEGIES[A,B,C,D,E,F,G,1] 10.413198 0.04 0.81 -0.84 0.02 3.74 11/29/05 1.35 4.89 N/A N/A N/A N/A
INVESCO
INVESCO VI BALANCED-RISK ALLOCATION II[A,C,D,F,1]
11.097274 -0.08 -0.34 -1.68 0.41 1.65 1/23/09 2.21 2.67 N/A N/A N/A N/A
JANUS
JANUS ASPEN ENTERPRISE PORTFOLIO SS[A,B,D]
13.817775 -0.02 0.43 0.19 2.23 9.85 7/01/13 7.93 19.35 N/A N/A N/A N/A
JANUS ASPEN GLOBAL TECHNOLOGY SS[A,D,F] 14.116795 0.21 0.96 0.33 2.13 7.69 9/13/93 6.95 17.32 N/A N/A N/A N/A
LAZARD
LAZARD RETIREMENT GLOBAL DYNAMIC MULTI ASSET PORTFOLIO SS[A,B,D,E,F,1]
11.734327 -0.41 -0.51 0.71 1.08 2.05 4/30/12 3.46 4.08 N/A N/A N/A N/A
LEGG MASON
QS LEGG MASON DYNAMIC MULTI-STRATEGY VIT PORTFOLIO CLASS II[A,B,1]
11.727997 -0.30 -0.17 0.19 0.36 1.68 11/30/11 2.41 5.26 N/A N/A N/A N/A
LEGG MASON CLEARBRIDGE SMALL CAP GROWTH PORT II[A,B,C,D,E,F,1] 12.451982 -0.28 0.99 -0.91 -1.03 3.53 11/08/99 0.43 14.74 N/A N/A N/A N/A
MFS
MFS INTERNATIONAL VALUE PORTFOLIO SC[A,C,F]
12.308448 -0.76 -0.28 0.92 3.34 8.31 10/02/95 10.33 6.72 N/A N/A N/A N/A
MONTE CAPITAL GROUP LLC
MARINER MANAGED FUTURES STRATEGY PORTFOLIO CLASS II[A,D,E,F,G]
11.118338 1.24 4.27 -6.57 -1.78 13.49 9/03/12 4.84 22.05 N/A N/A N/A N/A
MORGAN STANLEY
UIF EMERGING MARKETS EQUITY II[A,F,1]
10.521486 0.33 -0.49 -1.03 3.90 1.12 10/01/96 7.37 -1.92 N/A N/A N/A N/A
OPPENHEIMER
OPPENHEIMER INTL GROWTH/VA SC[A,B,C,D,F,1]
11.767688 -0.75 -1.13 2.98 4.79 8.74 5/13/92 10.71 0.49 N/A N/A N/A N/A
FUND NAME
DAILY VALUE
DAILY CHANGE
WEEKLY
1 MONTH
3 MONTH
6 MONTH
FUND INCEPTION DATE
YTD
1 YEAR
%
3 YEAR
%
5 YEAR
%
10 YEAR
%
SINCE FUND INCEPTION
%
PIMCO
PIMCO UNCONSTRAINED BOND ADVISOR CL[A,D,E,F,G]
10.056663 0.31 0.50 0.46 0.44 0.23 5/02/11 0.78 0.65 N/A N/A N/A N/A
PIMCO GLOBAL MULTI-ASSET MANAGED VOLATILITY ADVISOR CL[A,B,C,D,E,F,1] 10.981829 0.00 0.27 -0.10 2.74 5.01 4/27/12 6.24 6.67 N/A N/A N/A N/A
PIONEER
PIONEER BOND VCT CL II[A,C,D,E,F,1]
10.602960 -0.08 -0.23 -0.73 -0.16 0.44 7/21/87 0.40 1.50 N/A N/A N/A N/A
PUTNAM
PUTNAM VT ABSOLUTE RETURN 500 CL IB[A,B,D,E,F,G,1]
10.535462 0.00 0.07 -0.39 0.50 1.42 5/02/11 0.79 2.92 N/A N/A N/A N/A
PUTNAM VT SMALL CAP VALUE IB[A,B] 12.249038 -0.47 0.18 -0.30 2.10 5.39 4/03/99 2.79 7.39 N/A N/A N/A N/A
T. ROWE PRICE
T. ROWE PRICE HEALTH SCIENCES II[A,C]
18.785180 0.25 2.09 1.34 7.90 21.04 12/29/00 17.91 46.65 N/A N/A N/A N/A
VAN ECK
VAN ECK VIP GLOBAL HARD ASSETS S[A,B,C,F,1]
9.661228 -0.27 -1.08 -0.37 2.98 -9.36 9/01/89 6.13 -20.06 N/A N/A N/A N/A
VIRTUS
VIRTUS REAL ESTATE SECURITIES SERIES[A,C,1]
12.379577 0.00 -1.27 -2.10 -4.73 2.76 5/01/95 -0.78 12.48 N/A N/A N/A N/A
WADDELL & REED
IVY VIP GLOBAL BOND FUND[A,B,D,E,1]
10.338021 -0.09 0.06 0.83 2.35 -0.52 8/23/10 2.21 -1.05 N/A N/A N/A N/A
IVY VIP HIGH INCOME FUND[A,D, E,1] 10.918996 0.00 -0.02 0.28 1.74 1.01 7/13/87 2.82 0.02 N/A N/A N/A N/A
WESTCHESTER CAPITAL
THE MERGER FUND VL[A,D,F,G,1]
10.423266 0.00 0.25 0.53 0.50 1.39 5/26/04 1.71 0.66 N/A N/A N/A N/A
N/A Not Available
All results shown in percents

Investments in the Guardian Investor ProFreedom Variable AnnuitySM or any of its investment options are not deposits or obligations of, or guaranteed or endorsed by any bank or depository institution; further, neither the contract nor such investments are insured by the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Association (NCUA), the Federal Reserve Board, or any other government agency.

Investments in any of the variable investment options involve risk, including the possible loss of principal. This information is authorized for use with the public only when preceded or accompanied by a prospectus for the Guardian Investor ProFreedom Variable AnnuitySM.

Performance data quoted is historical. Past performance is no guarantee of future results. Investment return and principal will fluctuate with changes in the market value of the underlying securities. Contract owner units, when redeemed, may be worth more or less than the original investment.

Charges and expenses for the B Share option of this variable annuity include: a) the investment division charges consisting of fund-level expenses, which are similar to the charges on traditional mutual funds (these fees range from 0.63% to 2.56% for the year ended 12/31/13 after giving effect to applicable fee waivers, expense reimbursements or reductions, offset arrangements, or custody credits; in the absence of such arrangements these fees would be higher), b) the separate account level charges consisting of the annual mortality and expense risk charge and the administrative charge of 1.00% , and c) contract level charges consisting of, for Non- Standardized Average Annual Total Returns (adjusted for all charges) and Standardized Average Annual Total Returns only, the contract’s surrender charge. The surrender charge is a percentage of the amount withdrawn, in excess of any free withdrawal amount, that consists of premiums that were paid into your contract during the seven years prior to the date of the withdrawal. The charge declines annually over a seven year period based on the number of full years completed since the premium payment was made in accordance with the following schedule: 8%, 7.5%, 6.5%, 5.5%, 5%, 4% and 3% from the date of the premium payment, respectively. After a premium payment has been in the contract for seven or more years, the surrender charge is zero.

† The performance information for some funds in this section may reflect a very short period of time and should not be the sole basis on which to determine investment option selection. In order to assist you in determining which investment options may be suitable for your individual investment objectives and risk tolerance, we have included the average annual returns for the life of each investment option in the non-standardized section.

Please note that performance results for contractowners who elect an enhanced death benefit would be lower if the charges for these features were reflected. These charges are as follows: for the Return of Premium (Basic) Death Benefit, 0.25% of the variable investment option assets; for the Return of Premium Plus Death Benefit, 0.30% of the variable investment option assets, for the Highest Anniversary Value Death Benefit (HAVDB), 0.30% of the variable investment options assets; and for the Return of Premium Plus with HAVDB, 0.35% of the variable investment option assets.

The following funds have asset-based distribution fees (12b-1 fees) that were imposed on the dates noted. Returns for these funds prior to the dates on which these fees were imposed do not include the effects of the 12b-1fees and returns listed would have been lower for these funds if these fees had been in place and reflected in the performance. All time periods for any funds not listed below reflect the effects of any applicable 12b-1 fees.

AllianceBernstein VPS Dynamic Asset Allocation Portfolio Class B 4/1/2011
ALPS/Alerian Energy Infrastructure Asset Allocation Portfolio Class III 4/30/2013
ALPS RedRocks Private Equity Portfolio Class III 10/24/2014
American Century VP Inflation Protection Class II 12/31/2002
American Century VP Mid Cap Value Fund Class II 10/29/2004
ClearBridge Variable Small Cap Growth Portfolio Class II 2/2/2007
DWS Alternative Asset Allocation VIP Class B 5/18/2009
Fidelity VIP Growth Opportunities Portfolio Service Class 2 1/12/2000
Fidelity VIP Money Market Service Class 2 4/1/2002
Franklin Growth And Income Securities Fund Class 2 Shares 1/6/1999
Invesco V.I. Balanced-Risk Allocation Fund Series II 1/23/2009
Ivy Funds VIP Global Bond Fund 8/23/2010
Ivy Funds VIP High Income Fund 7/13/1987
Janus Aspen Enterprise Portfolio Service Shares 12/31/1999
Janus Aspen Global Technology Portfolio Service Shares 1/18/2000
Lazard Retirement Multi-Asset Targeted Volatility Portfolio Services Shares 4/30/2012
Legg Mason Dynamic Multi-Strategy VIT Portfolio VIT Class II 11/30/2011
Mariner Hyman Beck Portfolio Class II 7/11/2012
MFS® International Value Portfolio Service Class 8/24/2001
Oppenheimer International Growth Fund/VA Service Class 3/19/2001
PIMCO Global Multi-Asset Managed Volatility Portfolio Advisor Class 4/27/2012
PIMCO Unconstrained Bond Portfolio Advisor Class 5/2/2011
Pioneer Bond VCT Portfolio Class II 11/9/2007
Putnam Small Cap Value Fund Class IB 4/30/1999
Putnam VT Absolute Return 500 Fund Class IB 5/2/2011
T. Rowe Price Health Sciences Portfolio II 4/30/2002
UIF Emerging Markets Equity Portfolio Class II 1/10/2003
Valueline VIP Equity Advantage Fund 12/31/2014
Van Eck VIP Global Hard Assets Service Class 5/1/2006
Virtus Real Estate Securities Series 5/1/1995

Risk Disclosure/ Footnotes
Certain portfolios may have similar investment objectives and policies and, in some cases, similar names to retail mutual funds managed by the same manager. The portfolios named are not the same funds as the retail funds. As a result, specific investments may be different and investment results may be higher or lower. While all funds involve some risk, including possible loss of principal amount invested, there are some additional risks to consider when investing in certain types of funds or certain types of asset classes that comprise a fund’s portfolio. For further information on risks associated with the various funds see the fund prospectuses.

[A] Foreign Securities and Emerging Markets Risk. Investing in International funds or funds that invest any of their assets in foreign securities has special risks relating to changes in currency rates, foreign taxation, differences in auditing and other financial standards, political uncertainty and greater volatility. These risks are even greater when investing in emerging markets.

[B] Small Cap and Mid Cap Companies Risk. Risks associated with investments in small and mid cap companies include less publicly available information, higher volatility, and less liquidity than investments in larger companies.

[C] Concentration Risk Investments concentrated in specific industries, market segments, regions or securities may be subject to increased share price volatility.

[D] Debt Securities Risk. Investing in Bond funds or funds that invest any of their assets in debt securities exposes the Policyowner to the general risks of investing in debt markets, such as interest rate, credit, and prepayment risk. Generally, when interest rates rise, bond prices fall, and when interest rates fall, bond prices rise. Therefore, an increase in interest rates would decrease the value of a bond fund’s holdings. The ability of an issuer of a debt security to repay principal prior to a security’s maturity can cause greater price volatility if interest rates change. Credit risk is the risk that a bond issuer will default by failing to make the required payments on its debt obligations.

[E] High Yield Debt Securities Risk. Investments in high yield bonds or lower rated and unrated debt securities are subject to greater credit risk and price fluctuation than investments in higher-rated securities.

[F] Derivatives Risk. Since the value of a derivative instrument derives from an underlying asset, the use of derivatives involves risks different from, and possibly greater than, the risks associated with investing directly in the underlying assets. Derivatives can be highly volatile, illiquid, and difficult to value.

[G] Alternative Risks. Investing in alternative asset classes involves special risk because they may be highly speculative and leveraged or may use various hedging techniques, like options and derivatives. Hedging techniques could increase losses since they are not reflected in historical standard deviation measurements. Also, there may be unique tax implications if the fund is traded in foreign markets and may be highly dependent on the manager’s techniques for investing and selecting appropriate risk. Often, alternative asset classes are subject to less regulation than publicly offered investments because alternatives are not registered under U.S. Securities laws or similar laws in other countries.

1Total returns for these investment options reflect the effects of one or more of the following during some or all of the time periods reflected in this report: fee waivers, expense reimbursements or reductions, and offset arrangements. In the absence of such arrangements, total returns would have been lower.

All guarantees are backed exclusively by the strength and claims-paying ability of The Guardian Insurance & Annuity Company, Inc. (GIAC). Individual variable annuities are issued by The Guardian Insurance & Annuity Company, Inc. (GIAC), a Delaware corporation, and distributed by Park Avenue Securities LLC (PAS). GIAC is a wholly owned subsidiary of The Guardian Life Insurance Company of America (Guardian). PAS is a wholly owned subsidiary of GIAC. Guardian, GIAC and PAS are located at 7 Hanover Square, New York, NY 10004.

PAS: member FINRA, SIPC


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