Northwestern Mutual

U.S. Strategic Equity Fund*

Fund Overview
Adviser: Russell Investment Management, LLC
Fund Manager(s): Barrow, Hanley, Mewhinney & Strauss, LLC; Jacobs Levy Equity Management, Inc.; Mar Vista Investment Partners, LLC; Suffolk Capital Management, LLC; William Blair Investment 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 equity securities of medium and large capitalization U.S. companies.  The objective is to provide long-term capital growth.
Asset Class: Mid-Cap Stocks/Large-Cap Stocks
Style: Blend
No investment strategy can guarantee a profit or protect against a loss.
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 $443.02 Million
Top 10 Portfolio Holdings % of Net Assets
Johnson & Johnson 2.3%
Berkshire Hathaway, Inc. 1.9%
Starbucks Corp. 1.7%
Wells Fargo & Co. 1.7%
Alphabet, Inc. 1.6%
AT&T, Inc. 1.6%
Oracle Corp. 1.5%
Exxon Mobil Corp. 1.5%
JPMorgan Chase & Co. 1.4%
Amazon.com, Inc. 1.4%
% of Total Portfolio 16.6%
Sector Weightings % of Equities
Financial Services 23.8%
Technology 17.4%
Producer Durables
13.7%
Consumer Discretionary
10.7%
Health Care
10.6%

*Prior to the effective date of their new names on May 1, 2017, the Multi-Style Equity Fund, Aggressive Equity Fund, Non-U.S. Fund and Core Bond Fund will be known by their new names as the U.S. Strategic Equity Fund, U.S. Small Cap Equity Fund, International Developed Markets Fund and Strategic Bond Fund, respectively.