Russell Multi-Style Equity 

Fund Overview
Adviser: Russell Investment Management Company
Fund Manager(s): Columbus Circle Investors; Institutional Capital LLC; Jacobs Levy Equity Management, Inc.; Mar Vista Investment Partners, LLC; Suffolk Capital Management, LLC; Sustainable Growth Advisers, LP (Money managers listed are current as of 09/30/14. Russell has the right to employ or terminate a money manager at any time without prior notification, as is consistent with its role as investment manager).
Objective/Focus: A multi-manager fund that invests primarily in common stocks of medium and large capitalization U.S. companies. The objective is to provide long-term capital growth.
Asset Class: Mid-Cap Stocks/Large-Cap Stocks
Style: Blend
No investment strategy can guarantee a profit or protect against a loss.
Fund Facts as of 09/30/14
Fund Inception 04-30-1999
First Available for Variable Annuity 04-30-1999
First Available for Variable Life 06-30-1999
Net Assets $474.94 Million
Top 10 Portfolio Holdings % of Net Assets
Pfizer, Inc. 2.1%
Exxon Mobil Corp. 1.9%
General Electric Co. 1.6%
Apple, Inc. 1.5%
Oracle Corp. 1.4%
PNC Financial Services Group, Inc. 1.4%
The Walt Disney Co. 1.3%
Honeywell International, Inc. 1.3%
Monsanto Co. 1.2%
Visa, Inc. 1.2%
% of Total Portfolio 14.9%
Sector Weightings % of Equities
Financial Services 20.4%
Technology 17.0%
Health Care 16.9%
Consumer Discretionary 13.8%
Producer Durables 10.2%

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.

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

NMFN-VA08 (0309)