SELECT BOND FUND
Fund Overview
Adviser:
Mason Street Advisors, LLC
Subadviser:
Wells Capital Management, Inc.
Objective/Focus:
Invests primarily in investment grade corporate, U.S. Treasury and government agency bonds and mortgage- and asset-backed securities. The objective is to provide as high a level of total return as is consistent with prudent investment risk. A secondary objective is preservation of capital.
Asset Class:
Bond
Style:
High Credit Quality, Moderate Interest Rate
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 09/30/18
Variable Annuity Fund Inception
12-31-1981
Variable Life Fund Inception
07-01-1984
The original Variable Annuity and Variable Life funds merged on 05-03-1994.
Net Assets
$3.0 Billion
Top 10 Portfolio Holdings % of Net Assets
US Treasury, Various
27.3%
Federal National Mortgage Association, Various
17.1%
Government National Mortgage Association,
Various
8.7%
Federal Home Loan Mortgage Corp., Various
3.8%
Bank of America Corp., Various
0.7%
Federal National Mortgage Association,
Series 2018-45, Class GA, 3%, 6/25/48
0.7%
Federal National Mortgage Association,
Series 2018-50, Class BA, 3%, 7/25/48
0.7%
Federal Home Loan Mortgage Corp., Series 2017-4742, Class PA, 3%, 10/15/47
0.7%
CVS Health Corp., Various
0.6%
JPMorgan Chase & Co., Various
0.5%
Total % of Net Assets
60.8%
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Disclosed Holdings
Sector Weightings % of Equities
Structured Products
54.4%
Governments
28.2%
Corporate Bonds
22.7%
Municipal Bonds
0.5%
Short-Term Investments & Other Net Assets
-5.80%
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), 720 E. Wisconsin Avenue, Milwaukee, WI 53202, 1-866-664-7737. Member FINRA and SIPC. NMIS is a subsidiary of Northwestern Mutual.