||Russell Investment Management Company|
||Conestoga Capital Advisors, LLC; DePrince, Race & Zollo, Inc.; Jacobs Levy Equity Management, Inc.; RBC Global Asset Management (U.S.) Inc.; Ranger Investment Management, L.P.; Signia Capital Management, LLC (Money managers listed are current as of 03/31/13. 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.)|
||A multi-manager fund that invests primarily in common stocks of small and medium capitalization companies, most of which are U.S. based. The objective is to provide long-term capital growth.|
||Small-Cap Stocks/Mid-Cap Stocks|
||Value, Growth and Market-Oriented|
|Investing in small company stocks involves a greater degree of risk than investing in medium or large company stocks.|
Investing in medium company stocks involves a greater degree of risk than investing in large company stocks.
|First Available for Variable Annuity
|First Available for Variable Life
|Top 10 Portfolio Holdings
||% of Net Assets|
|The Advisory Board Co.
|Tyler Technologies, Inc.
|Gulfport Energy Corp.
|The Andersons, Inc.
|CoStar Group, Inc.
|Meridian Bioscience, Inc.
|Sun Hydraulics Corp.
|ABM Industries, Inc.
|Medidata Solutions, Inc.
|Total % of Net Assets
||% of Equities|
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.