0001193125-19-066736.txt : 20190307 0001193125-19-066736.hdr.sgml : 20190307 20190307110333 ACCESSION NUMBER: 0001193125-19-066736 CONFORMED SUBMISSION TYPE: N-30B-2 PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20181231 FILED AS OF DATE: 20190307 DATE AS OF CHANGE: 20190307 EFFECTIVENESS DATE: 20190307 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNT CENTRAL INDEX KEY: 0000742277 IRS NUMBER: 390509570 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-30B-2 SEC ACT: 1940 Act SEC FILE NUMBER: 811-03989 FILM NUMBER: 19664776 BUSINESS ADDRESS: STREET 1: 720 E WISCONSIN AVE CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 4146652508 MAIL ADDRESS: STREET 1: 720 EAST WISCONSIN AVENUE CITY: MILWAUKEE STATE: WI ZIP: 53202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Northwestern Mutual Variable Life Account II CENTRAL INDEX KEY: 0001359314 IRS NUMBER: 390509570 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-30B-2 SEC ACT: 1940 Act SEC FILE NUMBER: 811-21933 FILM NUMBER: 19664775 BUSINESS ADDRESS: STREET 1: 720 EAST WISCONSIN AVENUE CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 414-271-1444 MAIL ADDRESS: STREET 1: 720 EAST WISCONSIN AVENUE CITY: MILWAUKEE STATE: WI ZIP: 53202 0000742277 S000000058 NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNT C000000093 Variable Life C000031361 Variable CompLife C000031362 Variable Executive Life C000031363 Variable Joint Life 0001359314 S000013776 Northwestern Mutual Variable Life Account II C000037773 Custom Variable Universal Life C000037853 Executive Variable Universal Life C000037855 Survivorship Variable Universal Life N-30B-2 1 d637907dn30b2.htm NORTHWESTERN MUTUAL VARIABLE LIFE ACCOUNTS Northwestern Mutual Variable Life Accounts

LOGO

March 7, 2019

VIA EDGAR

Securities and Exchange Commission

Division of Investment Management

100 F Street, NE

Washington, DC 20549

 

  RE:

Northwestern Mutual Variable Life Account

EDGAR CIK No. 0000742277; File No. 811-3989

Northwestern Mutual Variable Life Account II

EDGAR CIK No. 0001359314; File No. 811-21933

Dear Sir or Madam:

On behalf of Northwestern Mutual Life Insurance Company and Northwestern Mutual Variable Life Account and Account II, (“Registrants” or the “Accounts”) we hereby submit, pursuant to Rule 30b2-1 under the Investment Company Act of 1940 (the “1940 Act”), that the Accounts’ annual report for the period ending December 31, 2018 has been transmitted to policy owners as required by Rule 30e-2 under the 1940 Act.

The following annual reports were filed with the Commission via EDGAR on the date indicated below and are incorporated herein by reference:

 

Underlying Investment Company

      CIK No.      Date Filed      Registration No.
Northwestern Mutual Series Fund, Inc.      0000742212      03/06/2019
      811-03990
Fidelity VIP Mid Cap Portfolio      0000927384      02/25/2019      811-07205
Fidelity VIP Contrafund Portfolio      0000831016      02/25/2019      811-05511
Neuberger Berman Socially Responsive Portfolio      0000736913      02/26/2019      811-04255
Russell Investment Funds      0000824036      02/20/2019      811-05371
Credit Suisse Trust Commodity Return Strategy Portfolio      0000941568      03/04/2019      811-07261

Some of the investment companies above (or series thereof) may not be available under every policy offered by a Registrant.

This filing will also include any other materials required to be filed, if any.

Please direct any questions or comments regarding this filing to the undersigned at 414-665-2418.

Sincerely,

/s/ Barbara Courtney

Barbara Courtney

Director – Mutual Fund Accounting

The Northwestern Mutual Life Insurance Company • 720 East Wisconsin Avenue, Milwaukee, Wisconsin 53202-4797 • 414 271 1444

The Northwestern Mutual Life Insurance Company

  

LOGO

Variable Life

Annual Reports

December 31, 2018

Northwestern Mutual Variable Life Account

Northwestern Mutual Variable Life Account II

Optimized to contain one or more of the following:*

Northwestern Mutual Series Fund, Inc.

Fidelity® VIP Mid Cap Portfolio Service Class 2

Fidelity® VIP Contrafund® Portfolio Service Class 2

Neuberger Berman AMT Sustainable Equity Portfolio

Russell Investment Funds

Russell Investment Funds – LifePoints® Variable Target Portfolio Series

Credit Suisse Trust Commodity Return Strategy Portfolio

*See Table of Contents for more information and a list of Prospectus supplements and/or

shareholder documents, if any, included herein.

Beginning on or after January 1, 2021 as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of your Funds’ shareholder reports will no longer be sent by mail unless you specifically request paper copies of the reports from us at (888) 455-2232, free of charge. Instead, your Fund annual and semi-annual reports will be made available on a website and you will be notified by mail each time a report is posted and provided with a website link to access the report for each Fund. Your election to receive shareholder reports in paper will apply to all future reports for all Funds available under your policy or contract.

If you already elected to receive shareholder reports electronically, you will not be affected by this change, will continue to receive reports electronically and you need not take any action. You may elect to receive shareholder reports (and other communications) electronically by following the instructions on the inside cover of this report.

 

NorthwesternMutual.com

90-1899 (0786) (REV 0219)

  

LOGO

 

  Get this online.    
  Less clutter and less waste.    
 

Did you know you can get a lot of your documents online? We’ll email you any time you have something new to see so you can check it out, print it, or save it. Sign up for eDelivery and get documents like this one electronically.

 

    
      Get started at:    
   

  NorthwesternMutual.com/Paperless

 

    

How to get more information

Information on the Internet: NorthwesternmMutual.com

To obtain current performance information and information about Northwestern Mutual, visit us on our website. You can also visit us at our customer service section from our website for information on policy values and current fund performance. This site also allows you to view past confirmation and policy statements, as well as transfer funds online. To sign up for this service please call 1-866-424-2609 between 7:00 a.m. – 6:00 p.m. Central Time Monday – Friday. Your Northwestern Mutual Financial Representative is also available to answer any questions you have about your variable life insurance policy or any of our products.

For inforce policy service on Variable CompLife and Variable Whole Life, please call 1-866-424-2609, between 7:00 a.m. – 6:00 p.m. Central Time Monday – Friday.

For inforce policy service on Variable Executive Life, Variable Joint Life, Custom Variable Universal Life, Executive Variable Universal Life, and Survivorship Variable Universal Life, please call 1-866-464-3800, between 7:30 a.m. – 5:00 p.m. Central Time Monday – Friday.

SIPC Disclosure

Variable insurance products are offered through Northwestern Mutual Investment Services, LLC (“NMIS”), a wholly owned subsidiary of The Northwestern Mutual Life Insurance Company. NMIS is a broker-dealer and investment adviser registered with the SEC and is a member of FINRA and SIPC. You may obtain information about SIPC, including the SIPC brochure, by contacting SIPC at 202-371-8300 or visiting its website at SIPC.org.

Contents

 

 

Performance Summaries for the Northwestern Mutual Variable Life Accounts

      8 pages  

Northwestern Mutual Series Fund, Inc. - Annual Report

      278 pages  

Fidelity® VIP Mid Cap Portfolio - Annual Report

      36 pages  

(This report follows the end of the Northwestern Mutual Series Fund, Inc.)

   

Fidelity® VIP Contrafund® Portfolio - Annual Report

      36 pages  

(This report follows the end of the Fidelity® VIP Mid Cap Portfolio)

   

Neuberger Berman AMT Sustainable Equity Portfolio - Annual Report

      40 pages  

(This report follows the end of the Fidelity® VIP Contrafund® Portfolio)

   

Russell Investment Funds - Annual Report

      184 pages  

(This report follows the end of the Neuberger Berman AMT Sustainable Equity Portfolio)

   

Russell Investment Funds - LifePoints® Variable Target Portfolio Series - Annual Report

      112 pages  

(This report follows the end of the Russell Investment Funds)

   

Credit Suisse Trust Commodity Return Strategy Portfolio - Annual Report

      46 pages  

(This report follows the end of the Russell Investment Funds - LifePoints® Variable
Target Portfolio Series)

   

Prospectus Supplements and Shareholder Notices

      16 pages  

 

The performance data quoted represents past performance. Past performance is historical and does not guarantee future performance. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance information visit www.northwesternmutual.com.


Performance Summary (unaudited)    as of December 31, 2018

Variable Life — Policies Issued Before October 11, 1995

 

Total return

(as of December 31, 2018)

    Growth
Stock
Division		     Focused
Appreciation
Division		     Large Cap
Core Stock
Division		         
Large Cap
Blend
Division		  

1 year

      0.70 %      (2.88 %)      (6.56 %)      (4.53 %) 

5 years

      44.99 %      67.18 %      29.23 %      39.20 % 

Annualized

      7.71 %      10.82 %      5.26 %      6.84 % 

10 years

      229.31 %      268.73 %      160.37 %      190.47 % 

Annualized

      12.66 %      13.94 %      10.04 %      11.25 % 
Variable Complife — Policies Issued Between October 11, 1995 and December 31, 2008

 

1 year

      0.80 %      (2.78 %)      (6.46 %)      (4.44 %) 

5 years

      45.71 %      68.01 %      29.88 %      39.90 % 

Annualized

      7.82 %      10.93 %      5.37 %      6.95 % 

10 years

      232.61 %      272.42 %      162.97 %      193.38 % 

Annualized

      12.77 %      14.05 %      10.15 %      11.36 % 
Variable Executive Life & Variable Joint Life(a)

 

1 year

      1.26 %      (2.34 %)      (6.04 %)      (4.00 %) 

5 years

      49.02 %      71.83 %      32.83 %      43.07 % 

Annualized

      8.31 %      11.43 %      5.84 %      7.43 % 

10 years

      247.88 %      289.53 %      175.05 %      206.85 % 

Annualized

      13.28 %      14.57 %      10.65 %      11.86 % 

All total return figures shown above reflect the deduction of portfolio expenses. Returns do not reflect premium deductions such as sales charges, premium taxes, surrender charges or cost of insurance charges. The returns shown would be lower if excluded contract charges were included and/or if underlying portfolio expense reimbursements and fee waivers were not reflected.

Performance quoted for periods prior to each product’s inception date is based on the actual investment experience of the portfolio, adjusted for the expenses of the product.

 

(a)

Variable Executive Life policies were offered from March 2, 1998 to December 31, 2008. Variable Joint Life policies were offered from December 10, 1998 to December 31, 2008.

 

iv

 

 

Index 500
Stock
Division		     Large
Company
Value
Division		     Domestic
Equity
Division		     Equity
Income
Division		     Mid Cap
Growth
Stock
Division		     Index 400
Stock
Division		     Mid Cap
Value
Division		     Small Cap
Growth Stock
Division		     Index 600
Stock
Division		  
  (5.10 %)      (8.43 %)      (3.35 %)      (9.85 %)      (7.89 %)      (11.82 %)      (13.33 %)      (12.19 %)      (9.28 %) 
  44.70 %      24.78 %      40.73 %      22.41 %      19.42 %      28.63 %      34.52 %      27.82 %      30.03 % 
  7.67 %      4.53 %      7.07 %      4.13 %      3.61 %      5.16 %      6.11 %      5.03 %      5.39 % 
  218.61 %      152.32 %      214.35 %      158.26 %      150.69 %      232.68 %      191.90 %      202.85 %      227.69 % 
  12.29 %      9.70 %      12.13 %      9.95 %      9.63 %      12.77 %      11.31 %      11.72 %      12.60 % 
                                                                     
  (5.01 %)      (8.34 %)      (3.25 %)      (9.76 %)      (7.80 %)      (11.73 %)      (13.24 %)      (12.10 %)      (9.19 %) 
  45.42 %      25.40 %      41.43 %      23.02 %      20.02 %      29.27 %      35.19 %      28.45 %      30.68 % 
  7.78 %      4.63 %      7.18 %      4.23 %      3.72 %      5.27 %      6.22 %      5.14 %      5.50 % 
  221.79 %      154.85 %      217.49 %      160.83 %      153.19 %      236.00 %      194.82 %      205.88 %      230.97 % 
  12.40 %      9.81 %      12.25 %      10.06 %      9.73 %      12.88 %      11.42 %      11.83 %      12.71 % 
                                                                     
  (4.58 %)      (7.92 %)      (2.81 %)      (9.35 %)      (7.38 %)      (11.33 %)      (12.85 %)      (11.71 %)      (8.78 %) 
  48.72 %      28.25 %      44.64 %      25.81 %      22.75 %      32.20 %      38.26 %      31.37 %      33.65 % 
  8.26 %      5.10 %      7.66 %      4.70 %      4.18 %      5.74 %      6.69 %      5.61 %      5.97 % 
  236.57 %      166.55 %      232.07 %      172.82 %      164.82 %      251.44 %      208.36 %      219.93 %      246.17 % 
  12.90 %      10.30 %      12.75 %      10.56 %      10.23 %      13.39 %      11.92 %      12.33 %      13.22 % 

 

v

Performance Summary (unaudited), continued    as of December 31, 2018

Variable Life — Policies Issued Before October 11, 1995

 

Total return

(as of December 31, 2018)

    Small Cap
Value
Division		     International
Growth
Division		     Research
International
Core Division		         
    
International
Equity
Division		  

1 year

      (13.21 %)      (11.77 %)      (14.14 %)      (15.87 %) 

5 years

      18.93 %      1.73 %      (1.76 %)      (7.64 %) 

Annualized

      3.53 %      0.34 %      (0.36 %)      (1.58 %) 

10 years

      173.48 %      74.21 %      72.60 %      70.78 % 

Annualized

      10.58 %      5.71 %      5.61 %      5.50 % 

Current yield(b)

         
Variable Complife — Policies Issued Between October 11, 1995 and December 31, 2008

 

1 year

      (13.12 %)      (11.68 %)      (14.05 %)      (15.79 %) 

5 years

      19.53 %      2.24 %      (1.28 %)      (7.18 %) 

Annualized

      3.63 %      0.44 %      (0.26 %)      (1.48 %) 

10 years

      176.21 %      75.96 %      74.32 %      72.48 % 

Annualized

      10.69 %      5.81 %      5.71 %      5.60 % 

Current yield(b)

         
Variable Executive Life & Variable Joint Life(a)

 

1 year

      (12.73 %)      (11.28 %)      (13.66 %)      (15.41 %) 

5 years

      22.24 %      4.56 %      0.97 %      (5.07 %) 

Annualized

      4.10 %      0.90 %      0.19 %      (1.04 %) 

10 years

      188.90 %      84.04 %      82.34 %      80.41 % 

Annualized

      11.19 %      6.29 %      6.19 %      6.08 % 

Current yield(b)

         

All total return figures shown above reflect the deduction of portfolio expenses. Returns do not reflect premium deductions such as sales charges, premium taxes, surrender charges or cost of insurance charges. The returns shown would be lower if excluded contract charges were included and/or if underlying portfolio expense reimbursements and fee waivers were not reflected.

Performance quoted for periods prior to each product’s inception date is based on the actual investment experience of the portfolio, adjusted for the expenses of the product.

 

(a)

Variable Executive Life policies were offered from March 2, 1998 to December 31, 2008. Variable Joint Life policies were offered from December 10, 1998 to December 31, 2008.

(b)

For the seven-day period ended December 31, 2018, the Money Market Portfolio’s yield was 2.12% and was equivalent to a compound effective yield of 1.54%.

 

vi

 

 

Emerging
Markets
Equity
Division		     Government
Money
Market
Division		     Short-Term
Bond
Division		     Select
Bond
Division		     Long-Term
U.S.
Government
Bond
Division		     Inflation
Protection
Division		     High Yield
Bond
Division		     Multi-Sector
Bond
Division		     Balanced
Division		  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  (14.23 %)      0.99 %      0.80 %      (0.76 %)      (2.58 %)      (3.15 %)      (3.24 %)      (1.84 %)      (3.98 %) 
  (3.74 %)      (0.41 %)      2.73 %      9.99 %      27.17 %      3.63 %      15.71 %      16.73 %      18.21 % 
  (0.76 %)      (0.08 %)      0.54 %      1.92 %      4.92 %      0.72 %      2.96 %      3.14 %      3.40 % 
  80.82 %      (1.70 %)      14.61 %      37.29 %      47.69 %      28.98 %      136.40 %      86.37 %      96.30 % 
  6.10 %      (0.17 %)      1.37 %      3.22 %      3.98 %      2.58 %      8.98 %      6.42 %      6.98 % 
    0.46 %               
                                                                     
  (14.14 %)      1.09 %      0.90 %      (0.66 %)      (2.49 %)      (3.05 %)      (3.15 %)      (1.75 %)      (3.89 %) 
  (3.27 %)      0.09 %      3.22 %      10.53 %      27.80 %      4.14 %      16.28 %      17.31 %      18.80 % 
  (0.66 %)      0.02 %      0.64 %      2.02 %      5.03 %      0.82 %      3.06 %      3.24 %      3.51 % 
  82.63 %      (0.72 %)      15.75 %      38.66 %      49.16 %      30.26 %      138.76 %      88.24 %      98.27 % 
  6.21 %      (0.07 %)      1.47 %      3.32 %      4.08 %      2.68 %      9.09 %      6.53 %      7.08 % 
    0.56 %               
                                                                     
  (13.75 %)      1.54 %      1.36 %      (0.21 %)      (2.04 %)      (2.61 %)      (2.71 %)      (1.30 %)      (3.45 %) 
  (1.07 %)      2.37 %      5.56 %      13.04 %      30.71 %      6.51 %      18.92 %      19.97 %      21.50 % 
  (0.21 %)      0.47 %      1.09 %      2.48 %      5.50 %      1.27 %      3.53 %      3.71 %      3.97 % 
  91.02 %      3.84 %      21.05 %      45.03 %      56.01 %      36.25 %      149.72 %      96.88 %      107.37 % 
  6.69 %      0.38 %      1.93 %      3.79 %      4.55 %      3.14 %      9.58 %      7.01 %      7.57 % 
    1.01 %               

 

vii

Performance Summary (unaudited), continued    as of December 31, 2018

Variable Life — Policies Issued Before October 11, 1995

 

Total return

(as of December 31, 2018)

    Asset
Allocation
Division		     Fidelity VIP
Mid Cap
Division		     Fidelity VIP
Contrafund
Division		    

    
AMT
Sustainable
Equity
Portfolio

  

1 year

      (5.40 %)      (15.24 %)      (7.15 %)      (6.23 %) 

5 years

      19.98 %      16.68 %      33.40 %      31.13 % 

Annualized

      3.71 %      3.13 %      5.93 %      5.57 % 

10 years

      117.00 %      183.05 %      203.96 %      204.90 % 

Annualized

      8.06 %      10.97 %      11.76 %      11.79 % 
Variable Complife — Policies Issued Between October 11, 1995 and December 31, 2008

 

1 year

      (5.30 %)      (15.16 %)      (7.06 %)      (6.14 %) 

5 years

      20.58 %      17.27 %      34.06 %      31.78 % 

Annualized

      3.81 %      3.24 %      6.04 %      5.68 % 

10 years

      119.17 %      185.88 %      207.00 %      207.94 % 

Annualized

      8.16 %      11.08 %      11.87 %      11.90 % 
Variable Executive Life & Variable Joint Life(a)

 

1 year

      (4.88 %)      (14.77 %)      (6.64 %)      (5.72 %) 

5 years

      23.32 %      19.93 %      37.11 %      34.78 % 

Annualized

      4.28 %      3.70 %      6.52 %      6.15 % 

10 years

      129.23 %      199.02 %      221.10 %      222.09 % 

Annualized

      8.65 %      11.58 %      12.37 %      12.41 % 

All total return figures shown above reflect the deduction of portfolio expenses. Returns do not reflect premium deductions such as sales charges, premium taxes, surrender charges or cost of insurance charges. The returns shown would be lower if excluded contract charges were included and/or if underlying portfolio expense reimbursements and fee waivers were not reflected.

Performance quoted for periods prior to each product’s inception date is based on the actual investment experience of the portfolio, adjusted for the expenses of the product.

 

(a)

Variable Executive Life policies were offered from March 2, 1998 to December 31, 2008. Variable Joint Life policies were offered from December 10, 1998 to December 31, 2008.

 

viii

 

 

US Strategic
Equity
Division		     US Small
Cap Equity
Division		     International
Developed
Markets
Division		     Strategic
Bond
Division		     Global Real
Estate
Securities
Division		     LifePoints
Moderate
Strategy
Division		     LifePoints
Balanced
Strategy
Division		     LifePoints
Growth
Strategy
Division		     LifePoints
Equity Growth
Strategy
Division		     Credit Suisse
Trust
Commodity
Return Strategy
Division		  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  (10.14 %)      (12.46 %)      (15.34 %)      (1.36 %)      (6.24 %)      (5.45 %)      (7.31 %)      (8.55 %)      (9.95 %)      (12.14 %) 
  32.69 %      10.62 %      (0.09 %)      8.82 %      21.53 %      12.88 %      13.20 %      13.89 %      14.19 %      (39.13 %) 
  5.82 %      2.04 %      (0.02 %)      1.71 %      3.98 %      2.45 %      2.51 %      2.64 %      2.69 %      (9.45 %) 
  199.09 %      174.36 %      74.33 %      50.83 %      130.31 %      79.85 %      95.39 %      107.47 %      117.43 %      (36.65 %) 
  11.58 %      10.62 %      5.72 %      4.20 %      8.70 %      6.05 %      6.93 %      7.57 %      8.08 %      (4.46 %) 
                                                                             
  (10.05 %)      (12.37 %)      (15.26 %)      (1.26 %)      (6.15 %)      (5.35 %)      (7.22 %)      (8.46 %)      (9.86 %)      (12.05 %) 
  33.35 %      11.17 %      0.41 %      9.37 %      22.14 %      13.44 %      13.76 %      14.46 %      14.76 %      (38.83 %) 
  5.92 %      2.14 %      0.08 %      1.81 %      4.08 %      2.55 %      2.61 %      2.74 %      2.79 %      (9.36 %) 
  202.08 %      177.11 %      76.07 %      52.34 %      132.61 %      81.64 %      97.35 %      109.55 %      119.60 %      (36.02 %) 
  11.69 %      10.73 %      5.82 %      4.30 %      8.81 %      6.15 %      7.03 %      7.68 %      8.18 %      (4.37 %) 
                                                                             
  (9.64 %)      (11.97 %)      (14.87 %)      (0.81 %)      (5.73 %)      (4.92 %)      (6.80 %)      (8.05 %)      (9.45 %)      (11.66 %) 
  36.38 %      13.70 %      2.69 %      11.85 %      24.91 %      16.02 %      16.34 %      17.06 %      17.37 %      (37.44 %) 
  6.40 %      2.60 %      0.53 %      2.26 %      4.55 %      3.02 %      3.07 %      3.20 %      3.25 %      (8.95 %) 
  215.95 %      189.83 %      84.16 %      59.34 %      143.29 %      89.99 %      106.41 %      119.67 %      129.69 %      (33.08 %) 
  12.19 %      11.23 %      6.30 %      4.77 %      9.30 %      6.63 %      7.52 %      8.19 %      8.67 %      (3.94 %) 

 

ix

Performance Summary (unaudited), continued    as of December 31, 2018

Custom Variable Universal Life, Executive Variable Universal Life & Survivorship Variable Universal Life

 

Total return

(as of December 31, 2018)

    Growth
Stock
Division		     Focused
Appreciation
Division		     Large Cap
Core Stock
Division		     Large Cap
Blend
Division		         
Index 500
Stock
Division		  

1 year

      1.26 %      (2.34 %)      (6.04 %)      (4.00 %)      (4.58 %) 

5 years

      49.02 %      71.83 %      32.83 %      43.07 %      48.72 % 

Annualized

      8.31 %      11.43 %      5.84 %      7.43 %      8.26 % 

10 years

      247.88 %      289.53 %      175.05 %      206.85 %      236.57 % 

Annualized

      13.28 %      14.57 %      10.65 %      11.86 %      12.90 % 
          
      International
Growth
Division		     Research
International
Core
Division		     International
Equity
Division		     Emerging
Markets
Equity
Division		         
Government
Money
Market
Division		  

1 year

      (11.28 %)      (13.66 %)      (15.41 %)      (13.75 %)      1.54 % 

5 years

      4.56 %      0.97 %      (5.07 %)      (1.07 %)      2.37 % 

Annualized

      0.90 %      0.19 %      (1.04 %)      (0.21 %)      0.47 % 

10 years

      84.04 %      82.34 %      80.41 %      91.02 %      3.84 % 

Annualized

      6.29 %      6.19 %      6.08 %      6.69 %      0.38 % 

Current yield(b)

              2.12 % 
          
      Fidelity VIP
Contrafund
Division		    

AMT
Sustainable
Equity
Portfolio

     US Strategic
Equity
Division		     US Small
Cap Equity
Division		         
International
Developed
Markets
Division		  

1 year

      (6.64 %)      (5.72 %)      (9.64 %)      (11.97 %)      (14.87 %) 

5 years

      37.11 %      34.78 %      36.38 %      13.70 %      2.69 % 

Annualized

      6.52 %      6.15 %      6.40 %      2.60 %      0.53 % 

10 years

      221.10 %      222.09 %      215.95 %      189.83 %      84.16 % 

Annualized

      12.37 %      12.41 %      12.19 %      11.23 %      6.30 % 

All total return figures shown above reflect the deduction of portfolio expenses. Returns do not reflect premium deductions such as sales charges, premium taxes, surrender charges or cost of insurance charges. The returns shown would be lower if excluded contract charges were included and/or if underlying portfolio expense reimbursements and fee waivers were not reflected.

Performance quoted for periods prior to each product’s inception date is based on the actual investment experience of the portfolio, adjusted for the expenses of the product.

 

(a)

Returns are stated as of the inception date of the portfolio, which precedes the inception date of the division. See the following footnotes for division and portfolio inception dates.

(b)

For the seven-day period ended December 31, 2018, the Money Market Portfolio’s yield was 2.12% and was equivalent to a compound effective yield of 1.54%.

 

x

 

 

Large
Company
Value
Division		     Domestic
Equity
Division		     Equity
Income
Division		     Mid Cap
Growth
Stock
Division		     Index 400
Stock
Division		     Mid Cap
Value Division		     Small Cap
Growth Stock
Division		     Index 600
Stock
Division		     Small Cap
Value
Division		  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  
  (7.92 %)      (2.81 %)      (9.35 %)      (7.38 %)      (11.33 %)      (12.85 %)      (11.71 %)      (8.78 %)      (12.73 %) 
  28.25 %      44.64 %      25.81 %      22.75 %      32.20 %      38.26 %      31.37 %      33.65 %      22.24 % 
  5.10 %      7.66 %      4.70 %      4.18 %      5.74 %      6.69 %      5.61 %      5.97 %      4.10 % 
  166.55 %      232.07 %      172.82 %      164.82 %      251.44 %      208.36 %      219.93 %      246.17 %      188.90 % 
  10.30 %      12.75 %      10.56 %      10.23 %      13.39 %      11.92 %      12.33 %      13.22 %      11.19 % 
               
Short-Term
Bond
Division		     Select Bond
Division		     Long-Term
U.S.
Government
Bond
Division		     Inflation
Protection
Division		     High Yield
Bond
Division		     Multi-Sector
Bond Division		     Balanced
Division		     Asset
Allocation
Division		     Fidelity VIP
Mid Cap
Division		  
  1.36 %      (0.21 %)      (2.04 %)      (2.61 %)      (2.71 %)      (1.30 %)      (3.45 %)      (4.88 %)      (14.77 %) 
  5.56 %      13.04 %      30.71 %      6.51 %      18.92 %      19.97 %      21.50 %      23.32 %      19.93 % 
  1.09 %      2.48 %      5.50 %      1.27 %      3.53 %      3.71 %      3.97 %      4.28 %      3.70 % 
  21.05 %      45.03 %      56.01 %      36.25 %      149.72 %      96.88 %      107.37 %      129.23 %      199.02 % 
  1.93 %      3.79 %      4.55 %      3.14 %      9.58 %      7.01 %      7.57 %      8.65 %      11.58 % 
               
               
Strategic
Bond
Division		     Global Real
Estate
Securities
Division		     LifePoints
Moderate
Strategy
Division		     LifePoints
Balanced
Strategy
Division		     LifePoints
Growth
Strategy
Division		     LifePoints
Equity Growth
Strategy
Division		     Credit Suisse
Trust
Commodity
Return Strategy
Division		              
  (0.81 %)      (5.73 %)      (4.92 %)      (6.80 %)      (8.05 %)      (9.45 %)      (11.66 %)     
  11.85 %      24.91 %      16.02 %      16.34 %      17.06 %      17.37 %      (37.44 %)     
  2.26 %      4.55 %      3.02 %      3.07 %      3.20 %      3.25 %      (8.95 %)     
  59.34 %      143.29 %      89.99 %      106.41 %      119.67 %      129.69 %      (33.08 %)     
  4.77 %      9.30 %      6.63 %      7.52 %      8.19 %      8.67 %      (3.94 %)     

 

xi

       

LOGO

 

PO BOX 3095

 

MILWAUKEE WI 53201-3095

     

        PRSRT BPM        

US POSTAGE

PAID

  NORTHWESTERN  

MUTUAL

 

   
       

 

 

This booklet contains information about the Northwestern Mutual variable insurance products and the variable investment options identified on the front cover. The variable investment options correspond with the investment divisions available under the variable insurance product (“Product”). The information is prepared for Product owners and does not represent an offer of the Product, nor should it be used in connection with any offer, except when accompanied or preceded by the current Product prospectus and the variable investment option prospectuses, which contain detailed information about variable investment option investment objectives and operations, applicable fees, expenses and sales charges. Prospectuses may be obtained by calling the telephone number or visiting the website address listed on the inside of the front cover. You should read and carefully consider this information before you invest or send money. The variable investment option reports are prepared from the books and records of the options. Discussions of investment performance in the reports represent the views of the options’ portfolio managers as of the dates of the reports. They are not guarantees of investment results, nor should they be relied upon as investment advice or indications of current or future trading strategies of the portfolio managers. Portfolio manager views and security holdings are subject to change at any time.

NMIS is a member of Financial Industry Regulatory Authority (FINRA) and in accordance with the Investor Education and Protection Rule, we are providing our clients information regarding FINRA BrokerCheck, a free resource available to investors. An investor brochure describing FINRA BrokerCheck may be obtained online from FINRA’s website at FINRA.org or by contacting the FINRA BrokerCheck Help Line at 800-289-9999.

Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM), Milwaukee, WI (life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries. Northwestern Long Term Care Insurance Company, Milwaukee, WI (long-term care insurance) is a subsidiary of NM.

Product Distributor: Northwestern Mutual Investment Services, LLC (NMIS),

720 East Wisconsin Avenue, Milwaukee, WI 53202-4797, 1-866-664-7737, member FINRA and SIPC

NorthwesternMutual.com

90-1899 (0786) (REV 0219)

GRAPHIC 2 g637907g65q80.jpg GRAPHIC begin 644 g637907g65q80.jpg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end GRAPHIC 3 g637907snap1.jpg GRAPHIC begin 644 g637907snap1.jpg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g637907snap2.jpg GRAPHIC begin 644 g637907snap2.jpg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end