International Growth 

Fund Overview
Adviser: Mason Street Advisors, LLC
Subadviser: Janus Capital Management LLC
Objective/Focus: The Portfolio primarily invests in common stocks of companies with growth potential which are domiciled or trade primarily on exchanges outside the United States, including emerging markets. Normally, the Portfolio will invest in a core group of 60-100 equity securities. These companies may be of any size. The objective is long-term growth of capital.
Asset Class: International Stocks
Style: Growth
Overseas investments can pose more risks than domestic investments. Unit values are subject to fluctuations in foreign stock markets, currency values, interest rates, government regulations and political conditions. The Portfolio may hold fewer securities than other diversified portfolios because of its focused investment strategy. Holding fewer securities increases the risk that the value of the Portfolio could go down because of poor performance of a single investment.
Fund Facts as of 09/30/14
Fund Inception 07-31-2001
First Available for Variable Annuity 07-31-2001
First Available for Variable Life 07-31-2001
Net Assets $438.18 Million
Top 10 Portfolio Holdings % of Net Assets
AIA Group, Ltd. 3.0%
NGK Spark Plug Co., Ltd. 2.8%
Japan Tobacco, Inc. 2.6%
Telefonaktiebolaget LM Ericsson - Class B 2.3%
Inpex Corp. 2.2%
Taiwan Semiconductor Manufacturing Co., Ltd. 2.2%
LyondellBasell Industries NV 2.2%
Glencore Xstrata PLC 2.2%
HSBC Holdings PLC 2.1%
Kennedy Wilson Europe Real Estate PLC 2.1%
Total % of Net Assets 23.7%
Download Publicly Disclosed Holdings
Georgraphic Allocation % of Equities
Europe 61.0%
Asia 32.4%
Latin America/Caribbean 3.9%
North America 2.7%

You should carefully consider the investment objectives, risks, expenses and charges of the investment company before you invest. Your Northwestern Mutual Investment Services Registered Representative can provide you with a contract and fund prospectus that will contain the information noted above, and other important information that you should read carefully before you invest or send money.

Mason Street Advisors, LLC (MSA), a wholly owned company of Northwestern Mutual, is a federally registered investment adviser. MSA is the principal investment adviser for all the Portfolios in the Northwestern Mutual Series Fund (Series Fund). (Portfolios in the Series Funds are identified by the parenthetical next to the portfolio name.) MSA has engaged and oversees subadvisers who provide day-to-day management for certain of the Series Fund Portfolios. Each subadviser may be replaced without the approval of shareholders. Please see the prospectus for more information. Additional fund options are advised by Russell Investments, Fidelity® Investments, Credit Suisse Asset Management, LLC, and Neuberger Berman Management, LLC.

All securities are offered through Northwestern Mutual Investment Services LLC, (NMIS), Subsidiary of Northwestern Mutual and member FINRA and SIPC.

NMFN-VA24 (0309)