Northwestern Mutual

Asset Allocation Fund

Fund Overview
Adviser: Mason Street Advisors, LLC
Objective/Focus: The Portfolio will follow a flexible policy for allocating assets among 55-75% equity securities, 25-45% fixed income and debt securities, and 0-15% cash equivalents. The Portfolio’s strategy is to adjust the mix between asset sectors to capitalize on the changing financial markets and economic conditions. The objective is to realize as high a level of total return as is consistent with reasonable investment risk.
Asset Class: Flexible Portfolio
Style: Hybrid-Market-Oriented for stocks, High/Medum/Low Credit Quality, Moderate Interest Rate Sensitivity for bonds, and High Quality, Short Maturity for money market.
No investment strategy can guarantee a profit or protect against a loss.

The Portfolio may gain exposure to foreign investments by investing in one or more of the Series Fund’s foreign portfolios. Each of those underlying portfolios has its own investment risks, including that it will not perform as expected. In addition, the Portfolio will bear a pro rata share of the underlying portfolios’ expenses.
Fund Facts as of 06/30/15
Fund Inception 07-31-2001
First Available for Variable Annuity 07-31-2001
First Available for Variable Life 07-31-2001
Net Assets $263.49 Million
Top 10 Portfolio Holdings % of Net Assets
Northwestern Mutual Series Fund, Inc., Select Bond Portfolio 21.3%
Northwestern Mutual Series Fund, Inc., Research International Core Portfolio 9.2%
Northwestern Mutual Series Fund, Inc., Growth Stock Portfolio 8.6%
Northwestern Mutual Series Fund, Inc., High Yield Bond Portfolio 7.4%
Northwestern Mutual Series Fund, Inc., Mid Cap Growth Stock Portfolio
5.8%
Northwestern Mutual Series Fund, Inc., Mid Cap Value Portfolio
5.5%
Northwestern Mutual Series Fund, Inc., Large Cap Blend Portfolio 4.6%
Northwestern Mutual Series Fund, Inc., Focused Appreciation Portfolio
4.4%
Northwestern Mutual Series Fund, Inc., Large Cap Core Stock Portfolio
4.3%
Northwestern Mutual Series Fund, Inc., Domestic Equity Portfolio 4.1%
Total % of Net Assets 75.2%
Download Publicly Disclosed Holdings
Sector Weightings % of Equities
U.S. Large Cap Stocks 34.5%
U.S. Mid Cap Stocks
11.5%
U.S. Small Cap Stocks
5.6%
Developed Markets
13.0%
Emerging Markets
4.4%