Russell LifePoints® Variable Moderate Strategy 

Fund Overview
Adviser: Russell Investment Management Company
Objective/Focus: A broadly diversified fund of funds, investing in a combination of underlying funds consisting of approximately 35-45% equity (U.S., non-U.S., including real estate) and 55-65% fixed income. The objective is to provide high current income and moderate long-term capital appreciation.
Asset Class: Value, Growth and Market-Oriented
Russell Investment Group, a Washington USA corporation, operates through subsidiaries worldwide and is a subsidiary of The Northwestern Mutual Life Insurance Company.

Each of the Divisions identified as a Russell LifePoints Variable Target Portfolio Series Fund (LifePoints Fund) is a fund of funds and diversified its assets by investing, at present, in other mutual funds (the "Underlying Fund"). Each LifePoints fund seeks to achieve a specific investment objective by investing in different combinations of the Underlying Funds.

LifePoints® and the Russell logo are registered trademarks and service marks of Russell Investment Group.


No investment strategy can guarantee a profit or protect against a loss.
Fund Facts as of 09/30/14
Fund Inception 04-30-2007
First Available for Variable Annuity 04-30-2007
First Available for Variable Life 06-30-2011
Net Assets $112.87 Million
Underlying Funds % of Net Assets
RIF Multi-Style Equity Fund 5.0%
RIC Russell U.S. Quantitative Equity Fund 4.5%
RIF Aggressive Equity Fund 3.9%
RIF Global Real Estate Securities Fund 2.0%
RIC Russell Commodity Strategies Fund 2.2%
RIC Russell Global Infrastructure Fund 4.7%
RIC Russell Global Equity Fund 6.0%
RIF Non-U.S. Fund 7.0%
RIC Russell Emerging Markets Fund 3.9%
RIF Core Bond Fund 33.2%
RIC Russell Global Credit Strategies Fund 4.0%
RIC Russell Investment Grade Bond Fund 18.1%
RIC Russell Short Duration Bond Fund 0.0%
RIC Russell Multi-Strategy Alternative Fund 3.0%
RIC Russell U.S. Dynamic Equity Fund 2.5%
% of total portfolio 100.0%

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.