NORTHWESTERN MUTUAL SERIES FUND, INC.
NORTHWESTERN MUTUAL SERIES FUND, INC.
000 Xxxx Xxxxxxxxx Xxxxxx
Milwaukee, Wisconsin 53202
February 24, 2011
Xxxxx Street Advisors, LLC
000 Xxxx Xxxxxxxxx Xxxxxx
Milwaukee, WI 53202
| Re: | Agreement to Pay or Reimburse Certain Expenses |
Gentlemen:
This letter constitutes an agreement between Xxxxx Street Advisors, LLC (“MSA”) and Northwestern Mutual Series Fund, Inc. (“NMSF”) as follows:
MSA hereby agrees, through April 30, 2012, to waive its Investment Advisory Fees and/or reimburse certain expenses for the Portfolios specified below to the extent necessary so that each Portfolio’s Total Expenses (excluding taxes, brokerage, other investment-related costs, interest and dividend expenses and charges, and extraordinary expenses) on an annualized basis after the waiver, do not exceed the percentage of average net assets specified below (the “expense cap”), on an annual basis.
| Portfolio | Expense Cap | |
| Small Cap Value Portfolio |
1.00% | |
| International Growth Portfolio |
1.10% | |
| Asset Allocation Portfolio |
0.75% | |
| Domestic Equity Portfolio |
0.75% | |
| Large Cap Blend Portfolio |
0.85% | |
| Large Company Value Portfolio |
0.80% | |
| Inflation Protection Portfolio |
0.65% | |
| Research International Core Portfolio |
1.15% | |
| Emerging Markets Equity Portfolio |
1.50% | |
| Short-Term Bond Portfolio |
0.45% | |
| Index 600 Stock Portfolio |
0.35% | |
| Long-Term U.S Government Bond Portfolio |
0.65% | |
| Multi-Sector Bond Portfolio |
0.95% | |
| Focused Appreciation Portfolio |
0.90% | |
| Equity Income Portfolio |
0.75% | |
| Mid Cap Value Portfolio |
1.00% | |
All capitalized terms used herein shall have the same meanings as they have when used in the currently effective prospectus for NMSF.
| Very truly yours, | ||
| NORTHWESTERN MUTUAL SERIES FUND, INC. | ||
| By: |
/s/ XXXX XXXXXXX | |
| Name: |
Xxxx Xxxxxxx | |
| Title: |
Vice President | |
| Agreed to and accepted: |
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| XXXXX STREET ADVISORS, LLC |
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| By: |
/s/ XXXXXXXXX XXXXXXXXX |
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| Name: |
Xxxxxxxxx XxXxxxxxx | |||
| Title: |
President | |||
