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| Fund Overview |  | | | Adviser: | Mason Street Advisors, LLC | | Objective: | To realize as high a level of long-term total rate of return as is consistent with prudent investments. | | Focus: | Invests in high-quality bonds, stocks, and money market instruments with a long-term mix of 50% stocks, 40% bonds and 10% money market instruments, but the mix may change slightly to capitalize on changing financial markets and economic conditions. | | Asset Class: | Balanced | | Styles: | Hybrid-Market-Oriented for stocks, High Quality, Intermediate Maturity for bonds, and High Quality, Short Maturity for money market. |
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No investment strategy can guarantee a profit or protect against a loss. |
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| Fund Facts as of 03-31-2008 | | | | Fund Inception | 12-31-1981 | | First Available for Variable Annuity | 12-31-1981 | | First Available for Variable Life | 07-01-1984 | | The original Variable Annuity and Variable Life funds merged on 05-03-1994. | | | | | | Net Assets | $2.70 Billion |
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| Top 10 Holdings (% of Net Assets) | | | Top 5 Equity Holdings | | | Microsoft Corp. | 0.9% | | Monsanto Co. | 0.6% | | Google, Inc. - Class A | 0.6% | | Gilead Sciences, Inc. | 0.5% | | Cisco Systems, Inc. | 0.5% | | Top 5 Fixed Income Holdings | | | Federal National Mortgage Assoc., Various | 8.0% | | United States Treasury Notes/Bonds, Various | 5.9% | | Federal Home Loan Mortgage Corp., Various | 3.1% | | CDX North America High Yield, Various | 1.1% | | AEP Texas Central Transition Funding, 5.306%, 7/21/21 | 0.8% | | | | | Total % of Net Assets | 22.0% |
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| Sector Weightings (% of Equities) | | | No longer available for Balanced | |
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The investment objective of the Balanced Portfolio is to realize as high a level of long-term total rate of return as is consistent with prudent investment risk. Total rate of return consists of current income, including dividends, interest and discount accruals, and capital appreciation. The assets of the Balanced Portfolio will be invested in the following three market sectors: Common stock and other equity securities including the securities in which the Index 500 Stock Portfolio invests. Bonds and other debt securities with maturities generally exceeding one year including the securities in which the Select Bond Portfolio invests. Money market instruments and other debt securities with maturities generally not exceeding one year including the securities in which the Money Market Portfolio invests.
The Balanced Portfolio seeks to achieve its investment objectives by continuously adjusting the mix of investments among the three market sectors. The manager attempts to capitalize on variation in return potential produced by the interaction of changing financial markets and economic conditions. Asset allocation decisions are based on fundamental analysis rather than short-term market timing considerations. Shifts in asset allocation are expected to be gradual. |
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The Balanced 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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