U.S. Strategic Equity Fund

Fund Overview
Adviser: Russell Investment Management, LLC
Fund Manager(s): Barrow, Hanley, Mewhinney & Strauss, LLC; Jacobs Levy Equity Management, Inc.; Mar Vista Investment Partners, LLC; Suffolk Capital Management, LLC; William Blair Investment Management, LLC (Money managers listed are current as of 9/30/17. 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 invests primarily in equity securities of medium and large capitalization U.S. companies.  The objective is to provide long-term capital growth.
Asset Class: Mid-Cap Stocks/Large-Cap Stocks
Style: Blend
No investment strategy can guarantee a profit or protect against a loss.
Fund Facts as of 9/30/17
Fund Inception 04-30-1999
First Available for Variable Annuity 04-30-1999
First Available for Variable Life 06-30-1999
Net Assets $443.23 Million
Top 10 Portfolio Holdings % of Net Assets
Johnson & Johnson 2.2%
Oracle Corp. 1.8%
Alphabet, Inc. 1.8%
Berkshire Hathaway, Inc. - Class B 1.6%
AT&T, Inc. 1.6%
JPMorgan Chase & Co. 1.6%
Facebook, Inc. 1.6%
Wells Fargo & Co. 1.5%
Amazon.com, Inc. 1.5%
Honeywell International, Inc. 1.4%
% of Total Portfolio 16.6%
Sector Weightings % of Equities
Financial Services 22.3%
Technology 18.0%
Producer Durables
Health Care
Consumer Discretionary

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.