U.S. Small Cap Equity Fund*
| Fund Overview | |
| Adviser: | Russell Investment Management, LLC |
| Fund Manager(s): | DePrince, Race & Zollo, Inc.; Monarch Partners Asset Management, LLC; RBC Global Asset Management (U.S.) Inc.; Snow Capital Management L.P.; Timpani Capital Management, LLC (Money managers listed are current as of 6/30/17. Russell has the right to employ or terminate a money manager at any time without prior notification, as is consistent with its role as investment manager.) |
| Objective/Focus: | A multi-manager fund that invest primarily in equity securities of small capitalization companies, most of which are U.S. based. The objective is to provide long-term capital growth. |
| Asset Class: | Small-Cap Stocks/Mid-Cap Stocks |
| Style: | Value, Growth and Market-Oriented |
| Investing in small company stocks involves a greater degree of risk than investing in medium or large company stocks. Investing in medium company stocks involves a greater degree of risk than investing in large company stocks. | |
| Fund Facts as of 6/30/17 | |
| Fund Inception | 04-30-1999 |
| First Available for Variable Annuity | 04-30-1999 |
| First Available for Variable Life | 06-30-1999 |
| Net Assets | $252.03 Million |
| Top 10 Portfolio Holdings | % of Net Assets |
| F.N.B. Corp. | 1.2% |
| Green Dot Corp. | 0.9% |
| PBF Energy, Inc. | 0.9% |
| Umpqua Holdings Corp. | 0.8% |
| Diebold Nixdorf, Inc. | 0.8% |
| American Equity Investment Life Holding Co. | 0.8% |
| Big Lots, Inc. | 0.7% |
| Grand Canyon Education, Inc. | 0.7% |
| Five9, Inc. | 0.7% |
| Lannett Company, Inc. | 0.7% |
| % of Total Portfolio | 8.2% |
| Sector Weightings | % of Equities |
| Financial Services | 26.5% |
| Technology | 14.7% |
| Producer Durables | 14.1% |
| Consumer Discretionary | 13.1% |
| Health Care | 12.1% |
*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.