Mid Cap Value Fund

Fund Overview
Adviser: Mason Street Advisors, LLC
Subadviser: American Century Investment Management, Inc.
Objective/Focus: Invests primarily in common stocks of medium sized companies that are determined through quantitative and fundamental research to be undervalued.
Asset Class: Mid-Cap Stocks
Style: Value
Investing in medium company stocks involves a greater degree of risk than investing in large company stocks.
Fund Facts as of 9/30/17
Fund Inception 05-01-2003
First Available for Variable Annuity 05-01-2003
First Available for Variable Life 05-01-2003
Net Assets $544.1 Million
Top 10 Portfolio Holdings % of Net Assets
Northern Trust Corp. 2.9%
Johnson Controls International PLC 2.9%
iShares Russell Midcap Value Index Fund 2.7%
Zimmer Biomet Holdings, Inc. 2.2%
Weyerhaeuser Co. 2.2%
Exxon Mobil Corp. 1.9%
Conagra Brands, Inc. 1.8%
Invesco, Ltd. 1.7%
Mondelez International, Inc. 1.5%
PG&E Corp. 1.5%
Total % of Net Assets 21.3%
Download Publicly Disclosed Holdings
Sector Weightings % of Equities
Financials 20.5%
Energy 13.1%
Industrials 13.0%
Health Care 9.3%

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.