Northwestern Mutual

Focused Appreciation Fund

Fund Overview
Adviser: Mason Street Advisors, LLC
Subadviser: Janus Capital Management, LLC
Objective/Focus: Invests primarily in a core group of 20-40 equity securities of companies selected for their growth potential. May invest in companies of any size from larger, well-established issuers to smaller, emerging growth companies. The objective is long-term capital growth.
Asset Class: Large-Cap Stocks
Style: Growth
Investing in small company stocks involves a greater degree of risk than investing in medium or large company stocks.
Oversees investments can pose more risks than domestic investments. Unit values are subject to fluctuations in foreign stock markets, currency values, interest rates, government regulations and political conditions.

Funds with a limited number of holdings may be more greatly affected by any single event or market development than funds that include more holdings.

Fund Facts as of 12/31/14
Fund Inception 05-01-2003
First Available for Variable Annuity 05-01-2003
First Available for Variable Life 05-01-2003
Net Assets $722.4 Million
Top 10 Portfolio Holdings % of Net Assets
Precision Castparts Corp. 4.5%
Lowe's Cos., Inc. 4.4%
Celgene Corp. 4.1%
Google, Inc. - Class C 3.9%
Endo International PLC 3.9%
Valeant Pharmaceuticals International, Inc. 3.6%
Salesforce.com, Inc. 3.4%
Delphi Automotive PLC 3.4%
Zoetis, Inc. 3.3%
Canadian Pacific Railway, Ltd. 3.3%
Total % of Net Assets 37.8%
Download Publicly Disclosed Holdings
Sector Weightings % of Equities
Information Technology 25.7%
Consumer Discretionary 24.0%
Health Care 21.5%
Industrials 12.2%
Financials 11.1%

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