FIDELITY VIP CONTRAFUND PORTFOLIO FUND

Fund Overview

Adviser:

Fidelity Management & Research Company

Subadviser:

FRM Co., Inc.

Objective/Focus:

Normally invests primarily in common stocks. Seeks long-term capital appreciation.

Asset Class:

Large-Cap Stocks

Style:

Blend

Stocks of smaller or newer companies, such as those held in this Fund, are more likely to realize more substantial growth as well as suffer more significant losses than larger or more established issuers. Investments in such companies can be both more volatile and more speculative.

Investing in small company stocks involves a greater degree of risk than investing in medium or large company stocks. Their securities may also trade less frequently and in lower volumes, making market prices more volatile.

Fund Facts as of 09/30/18

Fund Inception

04-30-2007

First Available for Variable Annuity

04-30-2007

First Available for Variable Life

06-30-2011

Net Assets

$20.36 Billion

Top 10 Portfolio Holdings % of Net Assets

Microsoft Corp.

 

Amazon.com, Inc.

 

Alphabet, Inc. - Class C

 

UnitedHealth Group, Inc.

 

Salesforce.com, Inc.

 

JPMorgan Chase & Co.

 

Facebook, Inc. - Class A

 

Bank of America Corp.

 

Netflix, Inc.

 

Berkshire Hathaway, Inc. - Class B

 

Total % of Total Portfolio

35.9%

Sector Weightings % of Equities

Information Technology

25.6%

Health Care

16.2%

Financials

16.2%

Communication Services

11.8%

Consumer Discretionary

10.9%

Before investing in a variable product, you should carefully consider the objectives, risks and charges associated with its investment options. For this and other information about a Contract, you should obtain the appropriate Contract and underlying fund prospectuses by contacting your Northwestern Mutual Financial Representative. Read the prospectuses carefully before you invest.

Mason Street Advisors, LLC (MSA) is the principal investment adviser for all the Portfolios in the Northwestern Mutual Series Fund (Series Fund). (Portfolios in the Series Fund are identified by the parenthetical next to the portfolio name.) MSA has engaged and oversees sub-advisers who provide day-to-day management for certain of the Series Fund Portfolios. Each sub-adviser may be replaced without the approval of shareholders. Please see the prospectus for more information. Additional fund options are advised by Russell Investments, Fidelity Investments, Neuberger Berman Investment Advisers LLC and Credit Suisse Asset Management, LLC

All securities are offered through Northwestern Mutual Investment Services LLC, (NMIS), 720 E. Wisconsin Avenue, Milwaukee, WI 53202, 1-866-664-7737. Member FINRA and SIPC. NMIS is a subsidiary of Northwestern Mutual.