Northwestern Mutual

Russell Aggressive Equity Fund

Fund Overview
Adviser: Russell Investment Management, LLC
Fund Manager(s): DePrince, Race & Zollo, Inc.; Monarch Partners Asset Management, LLC; RBC Global Asset Management (U.S.) Inc.; Snow Capital Management L.P.; Timpani Capital Management, LLC (Money managers listed are current as of 12/31/16. 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 small and medium capitalization companies, most of which are U.S. based. The objective is to provide long-term capital growth.
Asset Class: Small-Cap Stocks/Mid-Cap Stocks
Style: 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.
Fund Facts as of 12/31/16
Fund Inception 04-30-1999
First Available for Variable Annuity 04-30-1999
First Available for Variable Life 06-30-1999
Net Assets $228.71 Million
Top 10 Portfolio Holdings % of Net Assets
F.N.B. Corp.
1.4%
PBF Energy, Inc.
1.2%
ACCO Brands Corp.
0.8%
Diebold Nixdorf, Inc.
0.8%
American Equity Investment Life Holding Co.
0.8%
A. Schulman, Inc.
0.7%
The Hanover Insurance Group, Inc. 0.7%
Zions Bancorporation
0.7%
Lannett Company, Inc. 0.7%
OFG Bancorp 0.7%
% of Total Portfolio 8.5%
Sector Weightings % of Equities
Financial Services 25.6%
Producer Durables
17.0%
Technology
15.5%
Consumer Discretionary
13.9%
Health Care 9.3%