High Yield Bond Fund
| Fund Overview | |
| Adviser: | Mason Street Advisors, LLC |
| Subadviser: | Federated Investment Management Company |
| Objective/Focus: | Normally invests at least 80% of net assets in non-investment grade debt securities. The objective is to achieve high current income and capital appreciation. |
| Asset Class: | Bond |
| Style: | Medium/Low Credit Quality, Moderate Interest Rate Sensitivity |
| Bonds and other debt obligations are affected by changes in interest rates, inflation risk and the creditworthiness of their issuers. High yield bonds generally have greater price swings and higher default risks than investment grade bonds. Return of principal is not guaranteed. In contrast to owning individual bonds, there are ongoing fees and expenses associated with owning shares of bond funds. | |
| Fund Facts as of 6/30/17 | |
| Fund Inception | 05-03-1994 |
| First Available for Variable Annuity | 05-03-1994 |
| First Available for Variable Life | 05-03-1994 |
| Net Assets | $789.93 Million |
| Top 10 Portfolio Holdings | % of Net Assets |
| HCA, Inc., Various | 2.2% |
| Sprint Corp., Various | 1.8% |
| Valeant Pharmaceuticals International, Inc., Various | 1.5% |
| First Data Corp., Various | 1.4% |
| CCO Holdings LLC / CCO Holdings Capital Corp., Various | 1.3% |
| Infor US, Inc., Various | 1.1% |
| T-Mobile USA, Inc., Various | 1.1% |
| Sirius XM Radio, Inc., Various | 1.0% |
| TransDigm, Inc., Various | 0.9% |
| BWAY Holding Co., Various | 0.9% |
| Total % of Net Assets | 13.2% |
| Download Publicly Disclosed Holdings | |
| Sector Weightings | % of Equities |
| Consumer Non-Cyclical | 18.7% |
| Communications | 18.1% |
| Energy | 12.6% |
| Consumer Cyclical | 12.0% |
| Capital Goods | 10.7% |
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), Suite 600, 611 E. Wisconsin Avenue, Milwaukee, WI 53202, 1-866-664-7737. Member FINRA and SIPC. NMIS is a subsidiary of Northwestern Mutual.