Report of Independent Registered Public
Accounting Firm
To the Shareholders and Board of Trustees Securian
Funds Trust:
In planning and performing our audits of the financial
statements of SFT Core Bond Fund, SFT Dynamic
Managed Volatility Fund, SFT Government Money
Market Fund, SFT Index 400 Mid-Cap Fund, SFT Index
500 Fund, SFT International Bond Fund, SFT IvySM
Growth Fund, SFT IvySM Small Cap Growth Fund, SFT
Managed Volatility Equity Fund, SFT Real Estate
Securities Fund, SFT T. Rowe Price Value Fund, and
SFT Wellington Core Equity Fund (collectively, the
Funds), each a series of the Securian Funds Trust, as of
and for the year ended December 31, 2020, in
accordance with the standards of the Public Company
Accounting Oversight Board (United States), we
considered the Funds' internal control over financial
reporting, including controls over safeguarding securities,
as a basis for designing our auditing procedures for the
purpose of expressing our opinion on the financial
statements and to comply with the requirements of Form
N-CEN, but not for the purpose of expressing an opinion
on the effectiveness of the Funds' internal control over
financial reporting. Accordingly, we express no such
opinion.
Management of the Funds is responsible for establishing
and maintaining effective internal control over financial
reporting. In fulfilling this responsibility, estimates and
judgments by management are required to assess the
expected benefits and related costs of controls. A
company's internal control over financial reporting is a
process designed to provide reasonable assurance
regarding the reliability of financial reporting and the
preparation of financial statements for external purposes
in accordance with generally accepted accounting
principles. A company's internal control over financial
reporting includes those policies and procedures that (1)
pertain to the maintenance of records that, in reasonable
detail, accurately and fairly reflect the transactions and
dispositions of the assets of the company; (2) provide
reasonable assurance that transactions are recorded as
necessary to permit preparation of financial statements
in accordance with generally accepted accounting
principles, and that receipts and expenditures of the fund
are being made only in accordance with authorizations
of management and directors of the company; and (3)
provide reasonable assurance regarding prevention or
timely detection of unauthorized acquisition, use, or
disposition of the company's assets that could have a
material effect on the financial statements.
Because of its inherent limitations, internal control over
financial reporting may not prevent or detect
misstatements. Also, projections of any evaluation of
effectiveness to future periods are subject to the risk that
controls may become inadequate because of changes in
conditions, or that the degree of compliance with the
policies or procedures may deteriorate.
A deficiency in internal control over financial reporting
exists when the design or operation of a control does not
allow management or employees, in the normal course
of performing their assigned functions, to prevent or
detect misstatements on a timely basis. A material
weakness is a deficiency, or a combination of
deficiencies, in internal control over financial reporting,
such that there is a reasonable possibility that a material
misstatement of the Funds' annual or interim financial
statements will not be prevented or detected on a timely
basis.2

Our consideration of the Funds' internal control over
financial reporting was for the limited purpose described
in the first paragraph and would not necessarily disclose
all deficiencies in internal control that might be
deficiencies or material weaknesses under standards
established by the Public Company Accounting
Oversight Board (United States). However, we noted no
deficiencies in the Funds' internal control over financial
reporting and its operation, including controls over
safeguarding securities, that we consider to be a
material weakness as defined above as of December 31,
2020.
This report is intended solely for the information and use
of management and the Board of Trustees of Securian
Funds Trust and the Securities and Exchange
Commission and is not intended to be and should not be
used by anyone other than these specified parties.

/s/ KPMG LLP
Minneapolis, Minnesota
February 18, 2021