Neuberger Berman AMT Socially Responsive Fund

Fund Overview
Adviser: Neuberger Berman Investment Advisers LLC
Objective/Focus: Invests mainly in common stocks of mid- to large-capitalization companies. Seeks to reduce risk by investing across many different industries. The objective is long-term growth of capital by investing primarily in securities of companies that meet the fund’s financial criteria and social policy.
Asset Class: Large-Cap Stocks
Style: Blend
Mutual funds that follow social policies may underperform similar funds that do not have such policies.
Fund Facts as of 9/30/17
Fund Inception 04-30-2007
First Available for Variable Annuity 04-30-2007
First Available for Variable Life 06-30-2011
Net Assets $445.45 Million
Top 10 Portfolio Holdings % of Net Assets
Texas Instruments, Inc. 5.2%
Progressive Corp. 4.4%
Newell Brands, Inc. 3.6%
Comcast Corp. - Class A 3.6%
Unilever NV 3.4%
Delphi Automotive PLC 3.4%
Intercontinental Exchange, Inc. 3.3%
eBay, Inc. 3.3%
Becton, Dickinson & Co. 3.0%
AmerisourceBergen Corp. 3.0%
Total % of Net Assets 36.2%
Sector Weightings % of Equities
Health Care Equipment & Supplies 8.1%
Internet Software & Services 6.1%
Oil, Gas & Consumable Fuels 5.7%
IT Services 5.6%
Banks 5.4%

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.