0000950123-14-004549.txt : 20140430 0000950123-14-004549.hdr.sgml : 20140430 20140430110730 ACCESSION NUMBER: 0000950123-14-004549 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20140430 DATE AS OF CHANGE: 20140430 EFFECTIVENESS DATE: 20140430 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RIVERSOURCE VARIABLE ACCOUNT 10 CENTRAL INDEX KEY: 0001000191 IRS NUMBER: 000000000 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-179398 FILM NUMBER: 14796700 BUSINESS ADDRESS: STREET 1: 50605 AMERIPRISE FINANCIAL CENTER STREET 2: H27/5229 CITY: MINNEAPOLIS STATE: MN ZIP: 55474 BUSINESS PHONE: 6126784177 MAIL ADDRESS: STREET 1: 50605 AMERIPRISE FINANCIAL CENTER STREET 2: H27/5229 CITY: MINNEAPOLIS STATE: MN ZIP: 55474 FORMER COMPANY: FORMER CONFORMED NAME: IDS LIFE VARIABLE ACCOUNT 10 DATE OF NAME CHANGE: 19950906 0001000191 S000003522 RIVERSOURCE VARIABLE ACCOUNT 10 C000112730 RAVA 5 Advantage Variable Annuity (offered for contract applications signed on or after April 30, 2012) C000112731 RAVA 5 Select Variable Annuity (offered for contract applications signed on or after April 30, 2012) C000112732 RAVA 5 Access Variable Annuity (offered for contract applications signed on or after April 30, 2012) 497 1 c30160s5e497.htm 497 e497
 
             
Prospectus Supplement dated May 1, 2014
      Prospectus Form #
  Product Name     National     New York
RiverSource® RAVA 5 Advantage® Variable Annuity/RAVA 5 Select® Variable Annuity/RAVA 5 Access® Variable Annuity (offered for contract applications signed prior to April 30, 2012)
    140463 F (5/14)     140464 F (5/14)
 
RiverSource® RAVA 5 Advantage® Variable Annuity/RAVA 5 Select® Variable Annuity/RAVA 5 Access® Variable Annuity (offered for contract applications signed on or after April 30, 2012)
    S-6515 D (5/14)     S-6517 D (5/14)
 
RiverSource® RAVA 5 Advantage® Variable Annuity/RAVA 5 Select® Variable Annuity/RAVA 5 Access® Variable Annuity (offered for contract applications signed on or after April 29, 2013)
    S-6594 C (5/14)     S-6595 C (5/14)
 
RiverSource Retirement Advisor 4 Advantage® Variable Annuity/RiverSource Retirement Advisor 4 Select® Variable Annuity/RiverSource Retirement Advisor 4 Access® Variable Annuity
    S-6503 M (5/14)     S-6504 M (5/14)
 
RiverSource Retirement Advisor Advantage Plus® Variable Annuity/RiverSource Retirement Advisor Select Plus® Variable Annuity
    S-6273 V (5/14)     S-6362 P (5/14)
 
RiverSource Retirement Advisor Advantage® Variable Annuity/RiverSource Retirement Advisor Select® Variable Annuity
    S-6406 V (5/14)      
 
RiverSource® Retirement Advisor Advantage Variable Annuity
    S-6467 W (5/14)      
 
RiverSource® Retirement Group Annuity Contract I
    S-6611 D (5/14)      
 
RiverSource® Retirement Group Annuity Contract II
    S-6612 D (5/14)      
 
 
This supplement describes additional underlying funds that will be offered under variable annuity contracts (the “Contracts”) described above. Please retain this supplement with your prospectus for future reference.
 
Effective on the later of June 30, 2014 or the date the registration statement for the underlying funds described in this supplement becomes effective, two new underlying funds will be available under the Contracts: Variable Portfolio — Multi-Manager Interest Rate Adaptive Fund (Class 2) and Variable Portfolio — Multi-Manager Diversified Income Fund (Class 2).
 
As of the date of this supplement, a registration statement for Variable Portfolio — Multi-Manager Interest Rate Adaptive Fund (Class 2) and Variable Portfolio — Multi-Manager Diversified Income Fund (Class 2) has been filed with the Securities and Exchange Commission (SEC), but is not yet effective. Shares of these funds may not be sold or purchased prior to the effective date of the funds’ registration statement. This supplement is not an offer to buy or sell securities.
 
The information in this supplement regarding the underlying funds is not complete and is subject to change prior to the registration statement becoming effective. After the funds’ registration statement becomes effective, for a free copy of the funds’ prospectus, call 800-345-6611. Read the prospectus carefully before you invest.
 
In conjunction with changes described above, the following revisions are made in your prospectuses. All changes described below are effective on or about June 30, 2014.
 
I.        The table entitled “Annual Operating Expenses of the Funds” in the “Expense Summary” section in your prospectus is hereby amended to include the new underlying funds.
 
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ANNUAL OPERATING EXPENSES OF THE FUNDS
 
The table below describes the operating expenses of the funds that you may pay periodically during the time that you own the contract. The table shows the total annual operating expenses charged by each fund. More detail concerning each fund’s fees and expenses is contained in the prospectus for each fund.
 
Total annual operating expenses of each fund*
(Before fee waivers and/or expense reimbursements, if applicable, as a percentage of average daily net assets)
 
                               
 
            Distribution
 		          Acquired
 		    Total
            and/or
 		    Other
 		    fund
 		    annual
      Management
 		    Service 12b-1
 		    expenses
 		    fees and
 		    operating
 Fund name     fees(%)     fees(%)     (%)     expenses(%)**     expenses(%) 
Variable Portfolio — Multi-Manager Diversified Income Fund (Class 2)***
   
0.02
   
0.25
   
0.25
   
0.64
   
1.16(1),(2)
 
Variable Portfolio — Multi-Manager Interest Rate Adaptive Fund (Class 2)***
   
0.02
   
0.25
   
0.25
   
0.64
   
1.16(1),(2)
 
 
* The Funds provided the information on their expenses and we have not independently verified the information.
 
** Includes fees and expenses incurred indirectly by the Fund as a result of its investment in other investment companies (also referred to as acquired funds).
 
*** For these underlying funds, a registration statement has been filed with the SEC but is not effective as of the date of this supplement. These funds are not available for purchase until their respective registration statements become effective. The expenses, investment objective, and investment advisor provided by these funds are the most recently available and may be subject to change prior to the funds’ registration statement becoming effective.
 
(1)     Management fees and other expenses are based on estimated amounts for the Fund’s current fiscal year. In addition, acquired fund fees and expenses are based on estimated amounts for the current fiscal year.
 
(2)     Columbia Management Investment Advisers, LLC and certain of its affiliates have contractually agreed to waive fees and/or to reimburse expenses (excluding transaction costs and certain other investment related expenses, interest, taxes and extraordinary expenses) until April 30, 2015, unless sooner terminated at the sole discretion of the Fund’s Board of Trustees. Under this agreement, the Fund’s net operating expenses, subject to applicable exclusions, will not exceed the annual rate of 1.04% for Variable Portfolio — Multi-Manager Diversified Income Fund (Class 2) and 1.04% Variable Portfolio — Multi-Manager Interest Rate Adaptive Fund (Class 2).
 
II.        The section in your prospectus titled “The Funds” is hereby amended to include description for the new underlying funds as follows:
 
             
 Investing In     Investment Objective and Policies     Investment Adviser
Variable Portfolio — Multi-Manager Diversified Income Fund (Class 2)
   
Seeks a high level of current income, with capital preservation as a secondary objective.
   
Columbia Management Investment Advisers, LLC
Variable Portfolio — Multi-Manager Interest Rate Adaptive Fund (Class 2)
   
Seeks total return while adapting to interest rate, credit and inflation environments.
   
Columbia Management Investment Advisers, LLC
             
 
THIS SUPPLEMENT SHOULD BE READ AND RETAINED FOR FUTURE REFERENCE.
 
S-6594-4 A (5/14)
 
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