Neuberger Berman AMT Socially Responsive 

Fund Overview
Adviser: Neuberger Berman Management, LLC
Sub-adviser: Neuberger Berman, LLC
Objective/Focus: Invests mainly in common stocks of mid- to large-capitalization companies. Seeks to reduce risk by investing across many different industries. The objective is long-term growth of capital by investing primarily in securities of companies that meet the fund’s financial criteria and social policy.
Asset Class: Large-Cap Stocks
Style: Blend
Mutual funds that follow social policies may underperform similar funds that do not have such policies.
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 $325.11 Million
Top 10 Portfolio Holdings % of Net Assets
Newell Rubbermaid 5.1%
Texas Instruments 5.0%
American Express Co. 5.0%
Danaher Corp. 4.5%
IntercontinentalExchange Group, Inc. 3.7%
3M Co. 3.7%
Intuit, Inc. 3.6%
Unilever NV 3.3%
BG Group 3.3%
Progressive Corp. 3.0%
Total % of Net Assets 40.2%
Sector Weightings % of Equities
Semiconductors & Semiconductor Equipment 8.5%
Industrial Conglomerates 8.1%
Health Care Equipment & Supplies 7.6%
Oil, Gas & Consumable Fuels 6.8%
Food Products 6.1%

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-VA07 (0309)