Penn Mutual Life Fillable Forms
PENNANT SELECT PENN MUTUAL VARIABLE ANNUITY ACCOUNT III Monthly Fund Performance - For Period Ending 12/31/05 The numbers in the table below assume a $10,000 hypothetical investment w/o an optional rider and are net of asset charges and the $40 annual administration charge, but are not net of the contingent deferred sales charge (see reverse side or next page). Total Return Adviser/Fund 1 Mth Lord, Abbett & Co. 1 3 Mths YTD Average Annual Total Return (as of 12/31/05) 10 Years or Inception Since MorePrior to 5/1/00, Large Cap Value's name was Value Equity and was managed by OpCap. Less
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