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| Fund Overview |  | | | Adviser: | Mason Street Advisors, LLC | | Sub-adviser: | T. Rowe Price Associates, Inc. | | Objective: | Dividend income and long-term growth of capital. | | Focus: | Seeks companies that appear to be undervalued by various measures but have good prospects for capital appreciation and dividend growth. The portfolio will normally invest at least 80% of assets in common stocks, with 65% in the common stocks of well-established companies paying above average dividends. | | Asset Class: | Large-Cap Stocks | | Style: | Value |
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Investing in small company stocks involves a greater degree of risk than investing in medium or large company stocks. |
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| Fund Facts as of 03-31-2008 | | | | Fund Inception | 05-01-2003 | | First Available for Variable Annuity | 05-01-2003 | | First Available for Variable Life | 05-01-2003 | | | | | Net Assets | $196.01 Million |
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| Top Ten Holdings (% of Net Assets) | | | General Electric Company | 3.5% | | JPMorgan Chase & Co. | 2.5% | | Chevron Corp. | 2.4% | | Exxon Mobil Corp. | 2.4% | | AT&T, Inc. | 2.2% | | Royal Dutch Shell PLC, ADR | 1.7% | | Eli Lilly and Co. | 1.4% | | U.S. Bancorp. | 1.4% | | Microsoft Corp. | 1.4% | | 3M Co. | 1.3% | | | | | Total % of Net Assets | 20.2% |
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| Sector Weightings (% of Equities) | | | Financials | 21.0% | | Consumer Discretionary | 15.2% | | Energy | 13.0% | | Industrials | 11.3% | | Consumer Staples | 9.7% |
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The T. Rowe Price Equity Income Portfolio will typically employ a value approach in selecting investments. The in-house research team at T. Rowe Price seeks to identify companies that appear to be undervalued by various measures and may be temporarily out of favor, but have good prospects for capital appreciation and dividend growth. In selecting investments, management generally looks for companies with the following: - An established operating history.
- Above-average dividend yield relative to the S&P 500® Index.
- Low price/earnings ratio relative to the S&P 500® Index.
- A sound balance sheet and other positive financial characteristics.
- Low stock price relative to a company's underlying value as measured by assets, cash flow or business franchises.
In pursuing its investment objective, the Portfolio's management has the discretion to purchase some securities that do not meet its normal investment criteria, as described above, when it perceives an unusual opportunity for gain. While most assets will be invested in U.S. common stocks, the Portfolio may also purchase other securities, including foreign stocks, futures, and options, in keeping with the objectives of the Portfolio. |
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Brian C. Rogers—The Portfolio is managed by an Investment Advisory Committee. Brian C. Rogers as Committee Chairman has day-to-day responsibility for managing the Portfolio and works with the committee in developing and executing the fund's investment program. Mr. Rogers has been Chairman of the Portfolio's committee since its inception. He joined T. Rowe Price in 1982 and has been managing investments since 1983. He has earned a BA from Harvard College and an M.B.A from Harvard Business School. 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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