NORTHWESTERN MUTUAL SERIES FUND, INC.
NORTHWESTERN MUTUAL SERIES FUND, INC.
000 Xxxx Xxxxxxxxx Xxxxxx
Milwaukee, Wisconsin 53202
January 1, 2012
Xxxxx Street Advisors, LLC
000 Xxxx Xxxxxxxxx Xxxxxx
Milwaukee, WI 53202
| Re: | Agreement to Waive Xxxxx Street Advisors, LLC Investment Advisory Fees Relating to Certain Portfolios of Northwestern Mutual Series Fund, Inc. |
Gentlemen:
This letter constitutes an agreement between Xxxxx Street Advisors, LLC (“MSA”) and Northwestern Mutual Series Fund, Inc. (“NMSF”) regarding the investment advisory fee for each of the NMSF portfolios set forth below (each, a “Portfolio”). MSA agrees to waive, through April 30, 2012 (unless renewed by the parties hereto), its investment advisory fee applicable to each Portfolio such that the investment advisory fee is as follows:
Growth Stock Portfolio
| Assets |
Fee | |||
| Up to $50 million |
0.60 | % | ||
| $50 million - $100 million |
0.50 | % | ||
| $100 million- $500 million |
0.40 | % | ||
| Excess over $500 million |
0.35 | % | ||
Large Cap Core Stock Portfolio
| Assets |
Fee | |||
| Up to $50 million |
0.60 | % | ||
| $50 million - $100 million |
0.50 | % | ||
| $100 million- $500 million |
0.40 | % | ||
| Excess over $500 million |
0.35 | % | ||
Mid Cap Growth Stock Portfolio
| Assets |
Fee | |||
| Up to $50 million |
0.80 | % | ||
| $50 million - $100 million |
0.65 | % | ||
| $100 million- $500 million |
0.50 | % | ||
| Excess over $500 million |
0.45 | % | ||
Index 400 Stock Portfolio
| Assets |
Fee | |||
| Up to $500 million |
0.25 | % | ||
| Excess over $500 million |
0.20 | % | ||
Small Cap Growth Stock Portfolio
| Assets |
Fee | |||
| Up to $50 million |
0.80 | % | ||
| $50 million - $100 million |
0.65 | % | ||
| $100 million- $500 million |
0.50 | % | ||
| Excess over $500 million |
0.45 | % | ||
Short-Term Bond Portfolio
| Assets |
Fee | |||
| Up to $100 million |
0.35 | % | ||
| $100 million- $250 million |
0.33 | % | ||
| $250 million- $500 million |
0.30 | % | ||
| Excess over $500 million |
0.28 | % | ||
High Yield Bond Portfolio
| Assets |
Fee | |||
| Up to $50 million |
0.60 | % | ||
| $50 million - $100 million |
0.50 | % | ||
| $100 million - $1.0 billion |
0.40 | % | ||
| Excess over $1.0 billion |
0.35 | % | ||
| Very truly yours, | ||
| NORTHWESTERN MUTUAL SERIES FUND, INC. | ||
| By: | /s/ X. XXXXX XXXX | |
| Name: | X. Xxxxx Xxxx | |
| Title: | President | |
| Agreed to and accepted: | ||
| XXXXX STREET ADVISORS, LLC | ||
| By: | /s/ XXXX X. XXXXXXX | |
| Name: | Xxxx X. Xxxxxxx | |
| Title: | Vice President | |
