Annual Reports - Northwestern Mutual

Growth Stock Portfolio
Short-Term
Shares/ Value
Investments (10.0%) $ Par $ (000's)
Finance Services (7.2%)
Alpine Securitization
Corp., 1.25%, 1/8/09 10,000,000 9,998
Ciesco LLC,
0.20%, 1/12/09 10,000,000 9,999
Gemini Securitization
Corp. LLC,
0.70%, 1/15/09 10,000,000 9,997
Total 29,994
Oil and Gas (1.1%)
Devon Energy Corp.,
1.15%, 1/2/09 4,500,000 4,500
Total 4,500
Total Short-Term Investments
(Cost: $41,487) 41,494
Total Investments (98.2%)
(Cost: $515,731)(a) 406,324
Other Assets, Less
Liabilities (1.8%) 7,477
Net Assets (100.0%) 413,801
* Non-Income Producing
ADR after the name of a security represents—American Depositary Receipt.
(a)
(b)
At December 31, 2008 the aggregate cost of securities for federal tax purposes (in thousands) was $515,822 and the net unrealized depreciation of
investments based on that cost was $109,498 which is comprised of $21,055 aggregate gross unrealized appreciation and $130,553 aggregate gross
unrealized depreciation.
All or a portion of the securities have been committed as collateral for open futures positions or when-issued securities. Information regarding open futures
contracts as of period end is summarized below.
Unrealized
Appreciation/
Number of
(Depreciation)
Issuer (000's)
Contracts Expiration Date (000's)
S&P 500 Index Futures (Long) (Total Notional Value at December 31, 2008, $37,875) 166 3/09 $ (522)
The Accompanying Notes are an Integral Part of the Financial Statements.
4 Growth Stock Portfolio