Large Company Value 

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Fund Overview
Adviser: Mason Street Advisors, LLC
Sub-adviser: American Century Investment Management, Inc.
Objective/Focus: Invests primarily in larger companies. The objective is to seek long-term capital growth. Income is a secondary objective.
Asset Class: Large-Cap Stocks
Style: Value
Fund Facts as of 12/31/11
Fund Inception 04-30-2007
First Available for Variable Annuity 04-30-2007
First Available for Variable Life 06-30-2011
Net Assets $69.67 Million
Top 10 Portfolio Holdings % of Net Assets
Chevron Corp. 4.8%
Pfizer, Inc. 3.8%
General Electric Co. 3.7%
Exxon Mobil Corp. 3.5%
AT&T, Inc. 3.3%
Wells Fargo & Co. 3.2%
The Procter & Gamble Co. 3.1%
Merck & Co., Inc. 3.0%
JPMorgan Chase & Co. 2.9%
Johnson & Johnson 2.7%
Total % of Net Assets 34.0%
Download Publicly Disclosed Holdings
Sector Weightings % of Equities
Financials 23.4%
Health Care 14.8%
Energy 13.5%
Information Technology 10.5%
Consumer Staples 9.2%

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. Mason Street Advisors, LLC (MSA) is the principal investment adviser for all the Portfolios in the Northwestern Mutual Series Fund (Series Fund) (NMSF). (Portfolios in the Series Funds are identified by the parenthetical next to the portfolio name.) 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. Additional fund options are advised by Russell Investments, Fidelity Investments® 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-VA01 (0309)