Northwestern Mutual

LifePoints® Balanced Strategy Fund

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

Each of the Divisions identified as a 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 Investments 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 12/31/16
Fund Inception 04-30-2007
First Available for Variable Annuity 04-30-2007
First Available for Variable Life 06-30-2011
Net Assets $281.98 Million
Underlying Funds % of Net Assets
RIF Multi-Style Equity Fund 7.0%
RIC Russell U.S. Defensive Equity Fund 2.1%
RIF Aggressive Equity Fund 6.3%
RIF Global Real Estate Securities Fund 2.1%
RIC Russell Commodity Strategies Fund 3.4%
RIC Russell Global Infrastructure Fund 3.0%
RIC Russell Global Equity Fund 10.5%
RIF Non-U.S. Fund 10.2%
RIC Russell Emerging Markets Fund 7.0%
RIF Core Bond Fund 22.8%
RIC Russell Global Opportunistic Credit Fund 10.1%
RIC Russell Investment Grade Bond Fund 0.0%
RIC Russell Unconstrained Total Return Fund 4.1%
RIC Russell Multi-Strategy Income Fund 4.1%
RIC Russell U.S. Dynamic Equity Fund 7.3%
% of Total Portfolio 100%