Multi-Sector Bond Fund
|Adviser:||Mason Street Advisors, LLC|
|Subadviser:||Pacific Investment Management Company LLC|
|Objective/Focus:||Normally invests at least 80% of its net assets in a diversified portfolio of fixed income instruments of varying maturities, which may be represented by forwards or derivatives. The objective is to seek maximum total return, consistent with prudent investment management.|
|Style:||Domestic and International Bonds|
Return of principal is not guaranteed. Bonds and other debt obligations are affected by changes in interest rates, inflation risk and the creditworthiness of their issuers. When interest rates rise, bond prices fall. With a fixed income fund, when interest rates rise, the value of the fund's existing bonds drops, which could negatively affect overall fund performance.
The Portfolio may use derivative instruments as part of its investment strategy. Use of these instruments may involve certain risks such as leverage risk, liquidity risk, interest rate risk, market risk, credit risks, management risk and the risk that the Portfolio could not close out a position when it would be more advantageous to do so. Portfolios investing in derivatives could lose more than the principal amount invested in those instruments.
|Fund Facts as of 6/30/17|
|First Available for Variable Annuity||04-30-2007|
|First Available for Variable Life||06-30-2011|
|Net Assets||$772.28 Million|
|Top 10 Portfolio Holdings||% of Net Assets|
|US Treasury, Various||13.2%|
|Blackstone CQP Holdco LP, Various||2.9%|
|Republic of Turkey, Various||2.6%|
|Republic of Indonesia, Various||2.0%|
|Master Asset Backed Securities Trust, Series 2006-FRE2, Class A1, 1.366%, 3/25/36||1.8%|
|Petroleos Mexicanos, Various||1.8%|
|Argentine Republic Government International, Various||1.6%|
|Barclays PLC, Various||1.4%|
|Credit Suisse AG, Various||1.3%|
|Ally Financial, Inc., Various||1.3%|
|Total % of Net Assets||29.9%|
|Download Publicly Disclosed Holdings|
|Sector Weightings||% of Equities|
|High Yield Corporates||33.7%|
|Emerging Markets Debt||24.2%|
|Investment Grade Corporates ||21.5%|
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.