|Adviser:||Russell Investment Management, LLC|
|Fund Manager(s):||Barrow, Hanley, Mewhinney & Strauss, LLC; MFS Institutional Advisors, Inc.; Pzena Investment Management, LLC; William Blair & Company, LLC (Money managers listed are current as of 6/31/17. 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 6/30/17|
|First Available for Variable Annuity||04-30-1999|
|First Available for Variable Life||06-30-1999|
|Net Assets||$386.46 Million|
|Top 10 Portfolio Holdings||% of Net Assets|
|Roche Holding, Ltd.||1.4%|
|Samsung Electronics Co., Ltd.||1.3%|
|Deutsche Boerse AG||1.1%|
|British American Tobacco PLC||1.0%|
|Imperial Tobacco Group PLC||0.9%|
|% of Total Portfolio||10.9%|
|Country Diversification||% of Equities|
*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.
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.