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| Fund Overview |  | | | Adviser: | Mason Street Advisors, LLC | | Objective: | Long-term capital growth that approximates the return of the Standard & Poor's® 500 Index. | | Focus: | Invests in most or all of the stocks in the S&P® 500 Index, which is an unmanaged index of 500 selected common stocks compiled by Standard & Poor's® and weighted toward large market capitalization. It is not possible to invest in an unmanaged index. | | Asset Class: | Large-Cap Stocks | | Style: | Blend/Market-Oriented |
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| Fund Facts as of 03-31-2008 | | | | Variable Annuity Fund Inception | 12-03-1990 | | Variable Life Fund Inception | 07-01-1984 | | | |
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The original Variable Annuity and Variable Life funds merged on May 3, 1994. This fund was actively managed prior May 3, 1994. |
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| | Net Assets | $1.86 Billion |
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| Top Ten Holdings (% of Net Assets) | | | Exxon Mobil Corp. | 3.9% | | General Electric Company | 3.2% | | AT&T, Inc. | 2.0% | | Microsoft Corp. | 1.9% | | The Procter & Gamble Co. | 1.8% | | Johnson & Johnson | 1.6% | | Chevron Corp. | 1.5% | | Bank of America Corp. | 1.4% | | International Business Machines Corp. | 1.4% | | Cisco Systems, Inc. | 1.2% | | | | | Total % of Net Assets | 19.9% |
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| Sector Weightings -% of Equities | | | Financials | 16.7% | | Information Technology | 15.8% | | Energy | 13.3% | | Industrials | 12.2% | | Health Care | 11.7% |
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The Index 500 Stock Portfolio will attempt to meet this objective by investing in stocks included in the S&P 500® Index in proportion to their weighting in the index. The S&P 500® Index is composed of 500 common stocks representing more than 70% of the total market value of all publicly-traded common stocks. The Index 500 Stock Portfolio will not be managed in the traditional sense using economic, financial and market analysis. A computer program will be used to determine which stocks are to be purchased or sold to achieve the Portfolio's objective. The Portfolio will, to the extent feasible, remain fully invested and will normally hold at least 450 of the 500 issues that comprise the S&P 500® Index. The Index 500 Stock Portfolio's ability to match the performance of the S&P 500® Index will be affected to some extent by the size and timing of cash flows into and out of the Index 500 Stock Portfolio. The Portfolio will be managed with a view to reducing such effects. A portion of the assets may at times be invested in investment grade debt securities, short term commercial paper and Government and agency obligations, as well as option contracts, stock index futures contracts, and repurchase agreements. |
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Patricia L. Van Kampen, CFA is a Managing Director at Mason Street Advisors and is responsible for all common stock investments of Northwestern Mutual. Ms. Van Kampen received a BA degree from St. Norbert College and an MBA degree from Marquette University. She has 33 years of investment experience. You should carefully consider the investment objectives, risks, expenses and charges of the investment company before you invest. Your Northwestern Mutual Investment Services Registered Representative can provide you with a contract and fund prospectus that will contain the information noted above, and other important information that you should read carefully before you invest or send money. |
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