Northwestern Mutual

International Developed Markets Fund*

Fund Overview
Adviser: Russell Investment Management, LLC
Fund Manager(s): Barrow, Hanley, Mewhinney & Strauss, LLC; GQC Partners LLC; Numeric Investors LLC; Pzena Investment Management, LLC; Wellington Management Company LLP (Money managers listed are current as of 3/31/17. Russell has the right to employ or terminate a money manager at any time and without prior notification, as is consistent with its role as investment manager.)
Objective/Focus: A multi-manager fund that invest primarily in equity securities issued by companies located in countries (other than the U.S.) with developed markets or that are economically tied to such countries. The objective is to provide long-term capital growth.
Asset Class: International Stocks
Style: Value, Growth and Market-Oriented
Overseas 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.
Fund Facts as of 3/31/17
Fund Inception 04-30-1999
First Available for Variable Annuity 04-30-1999
First Available for Variable Life 06-30-1999
Net Assets $374.08 Million
Top 10 Portfolio Holdings % of Net Assets
Deutsche Boerse AG 1.3%
Bayer AG 1.3%
ING Groep NV 1.2%
Samsung Electronics Co., Ltd. 1.2%
Enel S.p.A. 1.2%
GlaxoSmithKline PLC 1.2%
ENI S.p.A 1.1%
British American Tobacco PLC 1.1%
Siemens AG 1.1%
Roche Holding Ltd. 1.1%
% of Total Portfolio 11.8%
Country Diversification % of Equities
Japan
16.5%
United Kingdom
16.4%
France
10.8%
Germany
9.1%
Switzerland
6.4%

*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.