FIDELITY VIP MIDCAP PORTFOLIO FUND

Fund Overview

Adviser:

Fidelity Management & Research Company

Subadviser:

FRM Co., Inc.

Objective/Focus:

Primarily securities of domestic or foreign companies with medium market capitalizations. May invest in either growth stocks or value stocks. The objective is long-term growth of capital.

Asset Class:

Mid-Cap Stocks

Style:

Blend

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.

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 9/30/18

Fund Inception

12-28-1998

First Available for Variable Annuity

05-01-2003

First Available for Variable Life

05-01-2003

Net Assets

$8.64 Billion

Top 10 Portfolio Holdings

Electronic Arts, Inc.

 

Total System Services, Inc.

 

Activision Blizzard, Inc.

 

AES Corp.

 

FleetCor Technologies, Inc.

 

Steris PLC

 

Akamai Technologies, Inc.

 

Boston Scientific Corp.

 

F5 Networks, Inc.

 

Euronet Worldwide, Inc.

 

Total % of Total Portfolio

11.8%

Sector Weightings % of Equities

Financials

17.7%

Information Technology

17.6%

Health Care

14.2%

Industrials

12.3%

Energy

9.1%

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.