0001752724-24-109667.txt : 20240521 0001752724-24-109667.hdr.sgml : 20240521 20240521135940 ACCESSION NUMBER: 0001752724-24-109667 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240521 DATE AS OF CHANGE: 20240521 PERIOD START: 20241231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTHWESTERN MUTUAL SERIES FUND INC CENTRAL INDEX KEY: 0000742212 ORGANIZATION NAME: IRS NUMBER: 391603401 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-03990 FILM NUMBER: 24968565 BUSINESS ADDRESS: STREET 1: 720 E WISCONSIN AVE CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 4142992508 MAIL ADDRESS: STREET 1: 720 EAST WISCONSIN AVE CITY: MILWAUKEE STATE: WI ZIP: 53202 FORMER COMPANY: FORMER CONFORMED NAME: NORTHWESTERN MUTUAL VARIABLE LIFE SERIES FUND INC DATE OF NAME CHANGE: 19940830 0000742212 S000000045 Balanced Portfolio C000000080 Balanced Portfolio NPORT-P 1 primary_doc.xml NPORT-P false 0000742212 XXXXXXXX S000000045 C000000080 NORTHWESTERN MUTUAL SERIES FUND INC 811-03990 0000742212 549300T1UBX7MDSNZA55 720 E WISCONSIN AVE MILWAUKEE 53202 414-271-1444 Balanced Portfolio S000000045 4F2ZSMZDZU02NP7J8L64 2024-12-31 2024-03-31 N 1990943373.32 116688.53 1990826684.79 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 32950253.73000000 N JPMorgan Ultra-Short Income ETF 549300VN24B8TQAGGX74 JPMorgan Ultra-Short Income ETF 46641Q837 452950.00000000 NS USD 22851327.50000000 1.147831083166 Long EC RF US N 1 N N N Northwestern Mutual Series Fund, Inc. - International Growth Portfolio A7EFFZCFPQNSS1P3HZ68 International Growth Portfolio 668140684 37014429.76000000 NS USD 76434797.45000000 3.839349654792 Long EC RF US N 1 N N N Northwestern Mutual Series Fund, Inc. - Domestic Equity Portfolio 5493004TKKI7X6F71K84 DOMESTIC EQUITY PORTFOLIO 668140791 47662465.34000000 NS USD 81931777.91000000 4.115465124913 Long EC RF US N 1 N N N Northwestern Mutual Series Fund, Inc. - Focused Appreciation Portfolio 5493007QO6Z6UMWHLZ04 FOCUSED APPRECIATION PORTFOLIO 668140775 18372879.32000000 NS USD 79811787.78000000 4.008977194738 Long EC RF US N 1 N N N iShares Core U.S. Aggregate Bond ETF 549300F7VSXTKBGHJE47 iShares Core U.S. Aggregate Bond ETF 464287226 1098900.00000000 NS USD 107626266.00000000 5.406109272206 Long EC RF US N 1 N N N Northwestern Mutual Series Fund, Inc. - Select Bond Portfolio 03DZ35VFRGD62UKLL347 Select Bond Portfolio 668140759 594369954.44000000 NS USD 652618209.97000000 32.78126694583 Long EC RF US N 1 N N N Northwestern Mutual Series Fund, Inc. - Multi-Sector Bond Portfolio P0C14V6IL3O47L1ZG636 PIMCO MULTI SECTOR BD PORT MUTUAL FUND 668140882 114291071.24000000 NS USD 112462414.10000000 5.649030875425 Long EC RF US N 1 N N N Northwestern Mutual Series Fund, Inc. - International Equity Portfolio 5493009J2EF7GK480170 International Equity Portfolio 668140692 44391265.19000000 NS USD 72446544.80000000 3.639018170365 Long EC RF US N 1 N N N PIMCO Enhanced Short Maturity Active Exchange-Traded Fund VOYE9Z80GB9431LFS645 PIMCO Enhanced Short Maturity Active Exchange-Traded Fund 72201R833 225400.00000000 NS USD 22661716.00000000 1.138306823649 Long EC RF US N 1 N N N iShares Core S&P Small-Cap ETF 549300BZQ17QYN750B25 iShares Core S&P Small-Cap ETF 464287804 174500.00000000 NS USD 19285740.00000000 0.968730233894 Long EC RF US N 1 N N N Northwestern Mutual Series Fund, Inc. - High Yield Bond Portfolio KUVC5M5XHVXDKYES4T32 HIGH YIELD BD PORTFOLIO 668140742 78594239.90000000 NS USD 53129706.17000000 2.668725840170 Long EC RF US N 1 N N N Northwestern Mutual Series Fund, Inc. - Short-Term Bond Portfolio. BEEDB5U9NNUVQYFFEL15 Short Term Bond Portolio 668140601 23532136.22000000 NS USD 24214568.17000000 1.216307193137 Long EC RF US N 1 N N N Northwestern Mutual Series Fund, Inc. - Mid Cap Value Portfolio 8TRVIGMWHSWZVXP7PI34 MID CAP VALUE PORTFOLIO 668140783 55824014.00000000 NS USD 86583045.71000000 4.349100118634 Long EC RF US N 1 N N N Northwestern Mutual Series Fund, Inc. - Emerging Markets Equity Portfolio 549300B2SFS01R9MCJ10 MFS EMERGING MKTS PORT 668140502 6063015.36000000 NS USD 5747738.56000000 0.288711147178 Long EC RF US N 1 N N N iShares Core MSCI EAFE ETF 5493009FT582MI7Y3I36 iShares Core MSCI EAFE ETF 46432F842 627200.00000000 NS USD 46550784.00000000 2.338264016433 Long EC RF US N 1 N N N iShares Core S&P Mid-Cap ETF 549300ODQWH5PC0IUZ78 iShares Core S&P Mid-Cap ETF 464287507 296750.00000000 NS USD 18024595.00000000 0.905382429204 Long EC RF US N 1 N N N iShares Core S&P 500 ETF 5493007M4YMN8XL48C14 iShares Core S&P 500 ETF 464287200 497300.00000000 NS USD 261445529.00000000 13.13251078044 Long EC RF US N 1 N N N Northwestern Mutual Series Fund, Inc. - Small Cap Value Portfolio 5493006BEZYY47A02J59 SMALL CAP VALUE PORTFOLIO 668140817 12364188.31000000 NS USD 24456364.48000000 1.228452715992 Long EC RF US N 1 N N N Northwestern Mutual Series Fund, Inc. - Small Cap Growth Stock Portfolio YTR2S467AP5XPLF6CQ13 SMALL CAP GROWTH STK PORTFOLIO 668140825 8956771.00000000 NS USD 21630601.96000000 1.086513563699 Long EC RF US N 1 N N N SPDR Portfolio S&P 600 Small Cap ETF 549300NYZX301TBLUJ08 SPDR Portfolio S&P 600 Small Cap ETF 78468R853 62400.00000000 NS USD 2685696.00000000 0.134903556423 Long EC RF US N 1 N N N Northwestern Mutual Series Fund, Inc. - Large Cap Blend Portfolio 549300J8IDGQV6XROU84 LARGE CAP BLEND PORT 668140205 60859599.92000000 NS USD 80334671.89000000 4.035241867298 Long EC RF US N 1 N N N Northwestern Mutual Series Fund, Inc. - Mid Cap Growth Stock Portfolio LIP0ME8UWTR611J45283 MID CAP GROWTH PORTFOLIO 668140866 25305224.39000000 NS USD 85025553.94000000 4.270866700230 Long EC RF US N 1 N N N 2024-04-24 NORTHWESTERN MUTUAL SERIES FUND INC Phillip Rinzel Phillip Rinzel Controller and Chief Accounting Officer XXXX NPORT-EX 2 NPORT_NWAS_16516966_0324.htm HTML

Balanced Portfolio

SCHEDULE OF INVESTMENTS

March 31, 2024 (unaudited)

 

Investment Companies (96.1%)    Shares/ Par +     

Value

$ (000’s)

  

Domestic Equity (37.6%)

 

iShares Core S&P 500 ETF

      497,300        261,445  

iShares Core S&P Mid-Cap ETF

      296,750        18,025  

iShares Core S&P Small-Cap ETF

      174,500        19,286  

Northwestern Mutual Series Fund, Inc., Domestic Equity Portfolio £

      44,998,126        77,352  

Northwestern Mutual Series Fund, Inc., Focused Appreciation Portfolio £

      17,730,614        77,022  

Northwestern Mutual Series Fund, Inc., Large Cap Blend Portfolio £

      54,829,297        72,375  

Northwestern Mutual Series Fund, Inc., Mid Cap Growth Stock Portfolio £

      25,305,224        85,025  

Northwestern Mutual Series Fund, Inc., Mid Cap Value Portfolio £

      55,824,014        86,583  

Northwestern Mutual Series Fund, Inc., Small Cap Growth Stock Portfolio £

      8,956,771        21,631  

Northwestern Mutual Series Fund, Inc., Small Cap Value Portfolio £

      12,364,188        24,456  

SPDR Portfolio S&P 600 Small Cap ETF

      108,600        4,674  
     

 

 

  

Total

         747,874  
     

 

 

  

Fixed Income (48.4%)

      

iShares Core U.S. Aggregate Bond ETF

      1,224,800        119,957  

Northwestern Mutual Series Fund, Inc., High Yield Bond Portfolio £

      78,594,240        53,130  

Northwestern Mutual Series Fund, Inc., Multi- Sector Bond Portfolio £

      114,291,071        112,462  

Northwestern Mutual Series Fund, Inc., Select Bond Portfolio £

      594,369,954        652,618  
Investment Companies (96.1%)    Shares/ Par +     

Value

$ (000’s)

  

Fixed Income continued

 

Northwestern Mutual Series Fund, Inc., Short-Term Bond Portfolio £

      23,532,136        24,215  
     

 

 

  

Total

         962,382  
     

 

 

  

Foreign Equity (10.1%)

      

iShares Core MSCI EAFE ETF

      627,200        46,551  

Northwestern Mutual Series Fund, Inc., Emerging Markets Equity Portfolio £

      6,063,015        5,748  

Northwestern Mutual Series Fund, Inc., International Equity Portfolio £

      44,391,265        72,446  

Northwestern Mutual Series Fund, Inc., International Growth Portfolio £

      37,014,430        76,435  
     

 

 

  

Total

         201,180  
     

 

 

  

Total Investment Companies (Cost: $1,900,556)

 

      1,911,436  
     

 

 

  
Short-Term Investments (2.3%)                

Investment Companies (2.3%)

      

JPMorgan Ultra-Short Income ETF

      452,950        22,851  

PIMCO Enhanced Short Maturity Active ETF

      225,400        22,662  
     

 

 

  

Total

         45,513  
     

 

 

  

Total Short-Term Investments (Cost: $46,000)

 

      45,513  
     

 

 

  

Total Investments (98.4%) (Cost: $1,946,556)@

 

      1,956,949  
     

 

 

  

Other Assets, Less Liabilities (1.6%)

         32,516  
     

 

 

  

Net Assets (100.0%)

         1,989,465  
     

 

 

  
 

 

+

All par is stated in U.S. Dollar unless otherwise noted.

£

Affiliated Company

@

At March 31, 2024, the aggregate cost of investments, including derivatives, for federal tax purposes (in thousands) was $1,946,556 and the net unrealized appreciation of investments based on that cost was $10,393 which is comprised of $136,909 aggregate gross unrealized appreciation and $126,516 aggregate gross unrealized depreciation. Because tax adjustments are calculated annually, these amounts do not reflect tax adjustments. For the previous fiscal year’s federal income tax information, please refer to the Notes to the Financial Statements section in the Portfolio’s most recent annual report.

 

1

Balanced Portfolio

 

The Fair Value Measurements and Disclosures Topic of the FASB Accounting Standards Codification defines fair value as the price that a Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes and requires disclosure of a fair value hierarchy, separately for each major category of asset and liability, which segregates fair value measurements into levels. A summary of the fair value hierarchy is described below:

Level 1 - fair value is determined by unadjusted quoted prices in active markets for identical securities or derivatives

Level 2 - fair value is determined by other significant observable inputs

Level 3 - fair value is determined by significant unobservable inputs

The categorization of a value determined for a financial instrument within the hierarchy is based upon the pricing transparency of the instrument and does not necessarily correspond to the Portfolio’s perceived risk of that instrument.

The following is a summary of the inputs used in valuing the Portfolio’s Investments at March 31, 2024.

 

     Valuation Inputs
Description   

Level 1 - Quoted

Prices

       

Level 2 - Other

Significant

Observable Inputs

       

Level 3

- Significant
 Unobservable 
Inputs

     (Amounts in thousands)   

Assets:

             

Investment Companies

     $ 1,911,436        $ —        $      —

Short-Term Investments

      45,513          —        —
  

 

 

Total Assets:

     $     1,956,949        $       —        $      —
  

 

 

Transactions with Affiliated Companies

An affiliated company is a company in which a Portfolio has ownership of at least 5% of the voting securities or which the Portfolio controls, is controlled by or with which the Portfolio is under common control. Transactions with affiliated companies during the period ended March 31, 2024 are as follows:

 

Portfolio   Value at
12/31/2023		     Purchases   Sales    

Value at

3/31/2024

    

Change in
Unrealized
Appreciation/

(Depreciation)

    

Realized

Gain (Loss)

     Income
Dividends		   Capital Gain
Distributions		  

%

Ownership,
3/31/2024

  
                      (amount in thousands)          

Domestic Equity

   $ 84,676     $ –     $ 14,150     $ 77,352     $ 6,111     $ 715     $ –     $ –       6.9 % 

Emerging Markets

     5,669       –       –       5,748       79       –       –       –       0.6 % 

Focused Appreciation

     84,064       –       16,860       77,022       11,191       (1,373 )      –       –       5.6 % 

High Yield Bond

     52,658       –       –       53,130       472       –       –       –       7.2 % 

International Equity

     70,049       –       –       72,446       2,397       –       –       –       3.8 % 

International Growth

     70,476       –       –       76,435       5,959       –       –       –       7.0 % 

Large Cap Blend

     84,360       –       20,870       72,375       6,229       2,656       –       –       39.6 % 

Mid Cap Growth Stock

     81,861       –       3,330       85,025       6,370       124       –       –       7.4 % 

Mid Cap Value

     82,620       –       –       86,583       3,963       –       –       –       12.5 % 

Multi-Sector Bond

     111,320       –       –       112,462       1,142       –       –       –       9.3 % 

Select Bond

     656,184       –       –       652,618       (3,566 )      –       –       –       22.5 % 

Short-Term Bond

     24,026       –       –       24,215       189       –       –       –       6.3 % 

Small Cap Growth Stock

     20,072       –       –       21,631       1,559       –       –       –       3.0 % 

Small Cap Value

     23,628       –       –       24,456       828       –       –       –       4.2 % 
 

 

 

    
   $  1,451,663     $   –      $   55,210     $  1,441,498     $    42,923     $    2,122     $    –     $     –    
 

 

 

    

 

2

Abbreviations (unaudited)

Abbreviations that may be used in the preceding statements

 

ADR    American Depositary Receipt
AFC    Available Funds Cap security - Security accrues interest at an assumed or uncapped rate. If the interest rate on the underlying loans is lower than the uncapped rate, then the security will pay at the lower rate.
CSTR    Collateral Strip Rate security - interest is based on the weighted net interest rate of the collateral.
IO    Interest Only Security
PO    Principal Only Security
GDR    Global Depositary Receipt
GO    General Obligation
RB    Revenue Bond
CPURNSA    U.S. Consumer Price Index - All Urban Consumers - Not Seasonally Adjusted
IBOR    Interbank Offered Rate
LIBOR    London Interbank Offered Rate
SOFR    Secured Overnight Financing Rate
ICE    Intercontinental Exchange
FTSE    Financial Times Stock Exchange
SONIA    Sterling Overnight Index Average Rate
SONIO    Sterling Overnight Interbank Average Rate
MUTKCALM    Bank of Japan Unsecured Overnight Call Rate
DAC    Designated Activity Company
TBA    To Be Announced
CMT    Constant Maturity Treasury
OIS    Overnight Index Swaps
BBR    Bank Bill Rate
BBSW    Bank Bill Swap Reference Rate
BONCER    National Treasury Bond in Pesos with Adjustment for CER
DIFC    Dubai International Financial Centre
EURIBOR    Euro Interbank Offered Rate
SDR    Swedish Depository Receipt
ETF    Exchange Traded Fund
Currency Abbreviations
ARS    Argentine Peso
AUD    Australian Dollar
BRL    Brazilian Real
CAD    Canadian Dollar
CHF    Swiss Franc
CNH    Chinese Yuan Renminbi - Offshore
CNY    Chinese Yuan Renminbi
DKK    Danish Krone
EUR    Euro
GBP    British Pound
HKD    Hong Kong Dollar
IDR    Indonesian Rupiah
INR    Indian Rupee
JPY    Japanese Yen
KRW    South Korean Won
MXN    Mexican New Peso
NOK    Norwegian Krone
PEN    Peruvian Sol
RUB    Russian Ruble
SAR    Saudi Riyal
SEK    Swedish Krona
SGD    Singapore Dollar
THB    Thai Baht
TRY    Turkish Lira
TWD    Taiwan Dollar
USD    United States Dollar
ZAR    South African Rand

 

1