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| Fund Overview |  | | | Adviser: | Mason Street Advisors, LLC | | Objective: | To realize as high a level of total return, including current income and capital appreciation, as is consistent with reasonable investment risk. | | Focus: | Will allow a flexible policy for allocating assets among common stocks, bonds and cash. The fund's strategy is to adjust the mix between asset sectors to capitalize on the changing financial markets and economic conditions. | | Asset Class: | Flexible Portfolio | | Styles: | Hybrid-Growth/Blend for stocks and Diversified Quality, Intermediate Maturity for bonds. |
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No investment strategy can guarantee a profit or protect against a loss. |
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| Fund Facts as of 09-30-2009 | | | | Fund Inception | 07-31-2001 | | First Available for Variable Anuity | 07-31-2001 | | First Available for Variable Life | 07-31-2001 | | | | | Net Assets | $226.94 Million |
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| Top Ten Holdings (% of Net Assets) | | | Federal National Mortgage Association, Various | 6.2% | | Federal Home Loan Mortgage Corp., Various | 2.1% | | US Treasury, Various | 1.1% | | AEP Texas Central Transition Funding LLC, 5.306%, 7/01/21 | 0.6% | | Countrywide Alternative Loan Trust, 5.25%, 10/25/33 | 0.4% | | iShares MSCI EAFE Index Fund | 2.2% | | Microsoft Corp. | 1.1% | | Apple, Inc. | 0.9% | | International Business Machines Corp. | 0.9% | | Cisco Systems, Inc. | 0.8% | | | | | Total % of Net Assets | 16.3% |
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The Portfolio seeks to achieve its objective through a flexible policy of allocating assets among common stocks, bonds and cash. Under normal market conditions, the Portfolio's net assets will be allocated according to a benchmark of 45-70% stocks, 25-35% bonds and 0-20% cash. The Portfolio is actively managed by maintaining a balance over time between investment opportunities and their associated potential risks. In response to changing market and economic conditions, management may reallocate the Portfolio's assets among these asset categories. Those allocations normally will be within the ranges indicated above. Not more than 75% of the Portfolio's net assets may be invested in either equity securities or debt securities with maturities greater than one year. Up to 100% of the Portfolio's net assets may be invested in shore term securities. No minimum percentage has been established for any of the sectors. The stock portion of the Portfolio may be invested in any of the types of securities eligible for the other Portfolios that invest in stocks, including foreign securities. To take advantage of investment opportunities around the world, the Portfolio will normally invest 0-30% of its stock investments in foreign stocks but will not invest more than 50% of its equity investments in foreign equities. Bonds purchased by the Portfolio will be primarily investment-grade debt obligations, although the Portfolio may invest up to 20% of its total assets in non-investment grade debt obligations. |
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The Asset Allocation Portfolio is managed by a team of six Mason Street Advisors' portfolio managers. The two lead portfolio managers are David R. Keuler, CFA and R. David Ells, CFA. Mr. Keuler is a Managing Director at Mason Street Advisors. He received a BA degree from Boston University and an MBA degree from Indiana University. Mr. Keuler has 18 years of investment experience. Mr. Ells is a Director at Mason Street Advisors and is responsible for research and trading of structured securities including mortgage-backed and asset-backed issues, as well as money market investments. Mr. Ells received a BA degree from Trinity College in Hartford, CT. He has 15 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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