Annual Reports - Northwestern Mutual

Expense Examples
Beginning Account Value
July 1, 2008
Ending Account Value
December 31, 2008
Expenses Paid During
Period July 1, 2008 to
December 31, 2008*
Annualized
Expense Ratio
Emerging Markets Equity Portfolio
Actual $1,000.00 $ 491.66 $5.62 1.50%
Hypothetical (5% return before
expenses) 1,000.00 1,017.60 7.61 1.50
Money Market Portfolio
Actual 1,000.00 1,011.68 1.67 0.33
Hypothetical (5% return before
expenses) 1,000.00 1,023.48 1.68 0.33
Short-Term Bond Portfolio
Actual 1,000.00 1,003.08 2.01 0.40
Hypothetical (5% return before
expenses) 1,000.00 1,023.13 2.03 0.40
Select Bond Portfolio
Actual 1,000.00 1,015.98 1.52 0.30
Hypothetical (5% return before
expenses) 1,000.00 1,023.63 1.53 0.30
Long-Term U.S. Government Bond
Portfolio
Actual 1,000.00 1,190.49 3.36 0.61
Hypothetical (5% return before
expenses) 1,000.00 1,022.07 3.10 0.61
Inflation Protection Portfolio
Actual 1,000.00 955.84 3.05 0.62
Hypothetical (5% return before
expenses) 1,000.00 1,022.02 3.15 0.62
High Yield Bond Portfolio
Actual 1,000.00 794.41 2.17 0.48
Hypothetical (5% return before
expenses) 1,000.00 1,022.72 2.44 0.48
Multi-Sector Bond Portfolio
Actual 1,000.00 945.79 4.30 0.88
Hypothetical (5% return before
expenses) 1,000.00 1,020.71 4.47 0.88
Balanced Portfolio
Actual 1,000.00 815.32 1.37 0.30
Hypothetical (5% return before
expenses) 1,000.00 1,023.63 1.53 0.30
Asset Allocation Portfolio
Actual 1,000.00 750.13 2.42 0.55
Hypothetical (5% return before
expenses) 1,000.00 1,022.37 2.80 0.55
* Expenses are equal to the Portfolio's annualized expense ratio, multiplied by the average account value
over the period, multiplied by 184/366 (to reflect the one-half year period).
iii Expense Examples