Large Cap Blend 

Fund Overview
Adviser: Mason Street Advisors, LLC
Sub-adviser: Fiduciary Management, Inc.
Objective/Focus: Invests primarily in a core group of 20-30 equity securities and American Depositary Receipts (ADRs).  Seeks stocks of good businesses selling at value prices.  The objective is to seek long-term growth of capital and income.
Asset Class: Large-Cap Stocks
Style: Blend

Funds with a limited number of holdings may be more greatly affected by any single event or market development than funds that include more holdings.

Fund Facts as of 12/31/13
Fund Inception 04-30-2007
First Available for Variable Annuity 04-30-2007
First Available for Variable Life 06-30-2011
Net Assets $151.1 Million
Top 10 Portfolio Holdings % of Net Assets
Potash Corp. of Saskatchewan, Inc. 5.7%
3M Co. 5.5%
Illinois Tool Works, Inc. 5.0%
Accenture PLC - Class A 4.9%
The Bank of New York Mellon Corp. 4.9%
Berkshire Hathaway, Inc. - Class B 4.6%
Covidien PLC 4.3%
Devon Energy Corp. 4.2%
Schlumberger, Ltd. 4.2%
American Express Co. 4.1%
Total % of Net Assets 47.4%
Download Publicly Disclosed Holdings
Sector Weightings % of Equities
Financials 21.6%
Industrials 21.3%
Consumer Staples 13.8%
Health Care 13.4%
Information Technology 11.7%

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). MSA has engaged and oversees sub-advisers who provide day-to-day management for certain of the Series Fund Portfolios. Each sub-adviser may be replaced without the approval of shareholders. Please see the prospectus for more information.

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

NMFN-VA04 (1012)