# EDGAR Filing Document

**Accession Number:** 0000742212
**File Stem:** 0001410368-25-029474
**Filing Date:** 2025-11
**Character Count:** 55810
**Document Hash:** 3492b4e61586f530686adc04ed5ef9c7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-029474.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0001410368-25-029474

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NORTHWESTERN MUTUAL SERIES FUND INC
- **CENTRAL INDEX KEY:** 0000742212

**ORGANIZATION NAME:**
- **EIN:** 391603401
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03990
- **FILM NUMBER:** 251511984

**BUSINESS ADDRESS:**
- **STREET 1:** 720 E WISCONSIN AVE
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 4142992508

**MAIL ADDRESS:**
- **STREET 1:** 720 EAST WISCONSIN AVE
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NORTHWESTERN MUTUAL VARIABLE LIFE SERIES FUND INC
- **DATE OF NAME CHANGE:** 19940830

## Series and Classes Contracts Data

### Mid Cap Value Portfolio (Series ID: S000000053)

| Class ID   | Class Name              | Ticker Symbol   |
|:---|:---|:---|
| C000000088 | Mid Cap Value Portfolio |  |

## Nport-Ex

Mid Cap Value Portfolio

SCHEDULE OF INVESTMENTS

**September 30, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
| Common Stocks<br> (98.3%) | Shares/<br>Par <sup>+</sup> | Value<br>$(000's) |
|  **Communication Services (1.3%)** | **Communication Services (1.3%)** | **Communication Services (1.3%)** |
|  Omnicom Group, Inc. | 66984 | 5461 |
|  Publicis Groupe SA | 36390 | 3493 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **8954** |
|  **Consumer Discretionary (4.1%)** | **Consumer Discretionary (4.1%)** | **Consumer Discretionary (4.1%)** |
|  BorgWarner, Inc. | 101403 | 4458 |
|  Compagnie Generale des Establishments Michelin | 93704 | 3366 |
|  Gentex Corp. | 120405 | 3407 |
|  Mohawk Industries, Inc.\* | 42519 | 5482 |
|  PulteGroup, Inc. | 51103 | 6752 |
|  Sodexo SA | 61441 | 3868 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **27333** |
|  **Consumer Staples (9.9%)** | **Consumer Staples (9.9%)** | **Consumer Staples (9.9%)** |
|  Conagra Brands, Inc. | 259626 | 4754 |
|  The Estee Lauder Cos., Inc. - Class A | 73822 | 6505 |
|  General Mills, Inc. | 57882 | 2918 |
|  Heineken NV | 49571 | 3871 |
|  Henkel AG & Co. KGaA - Preference Shares | 64276 | 5188 |
|  Kenvue, Inc. | 633127 | 10276 |
|  Kimberly-Clark Corp. | 81396 | 10121 |
|  Koninklijke Ahold Delhaize NV | 191292 | 7739 |
|  Mondelez International, Inc. | 52763 | 3296 |
|  Pernod Ricard SA | 56840 | 5589 |
|  Reckitt Benckiser Group PLC | 77763 | 6006 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **66263** |
|  **Energy (5.7%)** | **Energy (5.7%)** | **Energy (5.7%)** |
|  Baker Hughes Co. | 213975 | 10425 |
|  Coterra Energy, Inc. | 248057 | 5867 |
|  Diamondback Energy, Inc. | 38514 | 5511 |
|  Enterprise Products Partners LP | 353798 | 11063 |
|  Occidental Petroleum Corp. | 115576 | 5461 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **38327** |
|  **Financials (16.7%)** | **Financials (16.7%)** | **Financials (16.7%)** |
|  The Allstate Corp. | 19251 | 4132 |
|  The Bank of New York Mellon Corp. | 26865 | 2927 |
|  Commerce Bancshares, Inc. | 180422 | 10782 |
|  Equity Residential | 136704 | 8849 |
|  First Hawaiian, Inc. | 169598 | 4211 |
|  The Hanover Insurance Group, Inc. | 15510 | 2817 |

---

---

| | | |
|:---|:---|:---|
| Common Stocks<br> (98.3%) | Shares/<br>Par <sup>+</sup> | Value<br>$(000's) |
|  **Financials continued** | **Financials continued** | **Financials continued** |
|  Northern Trust Corp. | 72946 | 9819 |
|  The PNC Financial Services Group, Inc. | 23803 | 4783 |
|  Prosperity Bancshares, Inc. | 124664 | 8271 |
|  Raymond James Financial, Inc. | 7785 | 1344 |
|  Reinsurance Group of America, Inc. | 53210 | 10223 |
| T. Rowe Price Group, Inc. | 46571 | 4780 |
|  Truist Financial Corp. | 240637 | 11002 |
|  U.S. Bancorp | 262959 | 12709 |
|  Westamerica Bancorporation | 58247 | 2912 |
|  Willis Towers Watson PLC | 34888 | 12052 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **111613** |
|  **Health Care (15.2%)** | **Health Care (15.2%)** | **Health Care (15.2%)** |
|  Becton Dickinson and Co. | 53884 | 10086 |
|  Cencora, Inc. | 8333 | 2604 |
|  Envista Holdings Corp.\* | 204350 | 4163 |
|  GE HealthCare Technologies, Inc. | 121178 | 9101 |
|  Henry Schein, Inc. \* | 192908 | 12803 |
|  Hologic, Inc. \* | 97958 | 6611 |
|  ICON PLC \* | 17522 | 3066 |
|  IQVIA Holdings, Inc.\* | 28673 | 5446 |
|  Labcorp Holdings, Inc. | 36867 | 10583 |
|  Medtronic PLC | 65847 | 6271 |
|  Quest Diagnostics, Inc. | 31624 | 6027 |
|  Universal Health Services, Inc. - Class B | 30130 | 6160 |
|  Zimmer Biomet Holdings, Inc. | 185291 | 18251 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **101172** |
|  **Industrials (15.9%)** | **Industrials (15.9%)** | **Industrials (15.9%)** |
|  A.O. Smith Corp. | 58998 | 4331 |
|  ABM Industries, Inc. | 87147 | 4019 |
|  Ashtead Group PLC | 58006 | 3898 |
|  Bunzl PLC | 311723 | 9841 |
|  CSX Corp. | 312830 | 11109 |
|  Cummins, Inc. | 20798 | 8785 |
|  Dover Corp. | 10564 | 1762 |
|  Emerson Electric Co. | 16849 | 2210 |
|  Fortive Corp. | 50673 | 2483 |
|  Hexcel Corp. | 56417 | 3537 |
|  L3Harris Technologies, Inc. | 27234 | 8318 |
|  Masco Corp. | 47231 | 3325 |

---

---

| | | |
|:---|:---|:---|
| Common Stocks<br> (98.3%) | Shares/<br>Par <sup>+</sup> | Value<br>$(000's) |
|  **Industrials continued** | **Industrials continued** | **Industrials continued** |
|  MSC Industrial Direct Co., Inc. | 86685 | 7987 |
|  Norfolk Southern Corp. | 22645 | 6803 |
|  Oshkosh Corp. | 45162 | 5858 |
|  PACCAR, Inc. | 51140 | 5028 |
|  Southwest Airlines Co. | 206685 | 6595 |
|  The Timken Co. | 71815 | 5399 |
|  The Toro Co. | 54979 | 4189 |
|  VINCI SA | 4829 | 672 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **106149** |
|  **Information Technology (6.6%)** | **Information Technology (6.6%)** | **Information Technology (6.6%)** |
|  Amdocs, Ltd. | 90916 | 7460 |
|  CDW Corp. | 20927 | 3333 |
|  Cognizant Technology Solutions Corp. | 73294 | 4916 |
|  F5, Inc. \* | 8069 | 2608 |
|  HP, Inc. | 281850 | 7675 |
|  NXP Semiconductors NV | 13832 | 3150 |
|  Ralliant Corp. | 69620 | 3044 |
|  TE Connectivity PLC | 15385 | 3377 |
|  Teradyne, Inc. | 61436 | 8456 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **44019** |
|  **Materials (5.4%)** | **Materials (5.4%)** | **Materials (5.4%)** |
|  Akzo Nobel NV | 45692 | 3255 |
|  Eagle Materials, Inc. | 24238 | 5648 |
|  Graphic Packaging Holding Co. | 382387 | 7483 |
|  Packaging Corp. of America | 40742 | 8879 |
|  PPG Industries, Inc. | 45256 | 4757 |
|  Reliance, Inc. | 20233 | 5682 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **35704** |
|  **Real Estate (7.9%)** | **Real Estate (7.9%)** | **Real Estate (7.9%)** |
|  Agree Realty Corp. | 30174 | 2144 |
|  American Tower Corp. | 34848 | 6702 |
|  Essex Property Trust, Inc. | 7238 | 1937 |
|  Healthpeak Properties, Inc. | 334569 | 6407 |
|  Public Storage | 25906 | 7483 |
|  Realty Income Corp. | 174248 | 10592 |
|  Regency Centers Corp. | 29401 | 2143 |
|  Ventas, Inc. | 80092 | 5606 |
|  VICI Properties, Inc. | 286660 | 9348 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **52362** |
|  **Utilities (9.6%)** | **Utilities (9.6%)** | **Utilities (9.6%)** |
|  Duke Energy Corp. | 37681 | 4663 |
|  Evergy, Inc. | 140048 | 10646 |
|  Eversource Energy | 111398 | 7925 |
|  Northwestern Energy Group, Inc. | 173463 | 10167 |

---

**1** 

------

Mid Cap Value Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Common Stocks<br> (98.3%) | Shares/<br>Par <sup>+</sup> | Value<br>$(000's) |
|  **Utilities continued** | **Utilities continued** | **Utilities continued** |
|  ONE Gas, Inc. | 106705 | 8637 |
|  ONEOK, Inc. | 44969 | 3281 |
|  PPL Corp. | 28814 | 1071 |
|  Spire, Inc. | 75549 | 6159 |
|  Xcel Energy, Inc. | 145535 | 11737 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** | &nbsp;&nbsp;&nbsp;&nbsp; **Total** | **64286** |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Common Stocks<br>(Cost: $625,856)** | &nbsp;&nbsp;&nbsp;&nbsp; **Total Common Stocks<br>(Cost: $625,856)** | **656182** |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Investments (98.3%)<br>(Cost: $625,856)<sup>@</sup>** | &nbsp;&nbsp;&nbsp;&nbsp; **Total Investments (98.3%)<br>(Cost: $625,856)<sup>@</sup>** | **656182** |
| &nbsp;&nbsp;&nbsp;&nbsp; **Other Assets, Less<br>Liabilities (1.7%)** | &nbsp;&nbsp;&nbsp;&nbsp; **Other Assets, Less<br>Liabilities (1.7%)** | **11172** |
| &nbsp;&nbsp;&nbsp;&nbsp; **Net Assets (100.0%)** | &nbsp;&nbsp;&nbsp;&nbsp; **Net Assets (100.0%)** | **667354** |

---

**Over the Counter Derivatives** 

**Forward Foreign Currency Contracts** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Type | Counterparty | Currency | Foreign Principal<br> Amount<br> Covered by<br>Contract (000s) | USD Principal<br> Amount<br> Covered by<br>Contract (000's) | Settlement<br>Date | Unrealized<br>Appreciation<br>(000's) | Unrealized<br>(Depreciation)<br>(000's) | Net<br>Unrealized<br> Appreciation/<br>(Depreciation)<br>(000's) |
| Sell | Morgan Stanley Capital Services LLC | EUR | 26945 | 31776 | 12/19/25 | $159 | $– $| 159 |
| Sell | Morgan Stanley Capital Services LLC | GBP | 12384 | 16657 | 12/19/25 | 85 | – | 85 |
|  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;244 | $– $| 244 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Financial Derivative Assets (000's) | Financial Derivative Assets (000's) | Financial Derivative Assets (000's) | Financial Derivative Assets (000's) | Financial Derivative Liabilities (000's) | Financial Derivative Liabilities (000's) | Financial Derivative Liabilities (000's) | Financial Derivative Liabilities (000's) |
|  | Forward<br>Foreign<br>Currency<br>Contracts | Swaps | Total | Total | Forward<br>Foreign<br>Currency<br>Contracts | Options | Swaps | Total |
|  Total Over the Counter Derivatives | $244 |  | $— | 244 |  |  |  |  |

---

+ All par is stated in U.S. Dollar unless otherwise noted.

\* Non income producing

---

| | |
|:---|:---|
| <sup>@</sup> | At September 30, 2025, the aggregate cost of investments, including derivatives, for federal tax purposes (in thousands) was $625,856 and the net unrealized appreciation of investments based on that cost was $30,570 which is comprised of $61,584 aggregate gross unrealized appreciation and $31,014 aggregate gross unrealized depreciation. Because tax adjustments are calculated annually, these amounts do not reflect tax adjustments. For the previous fiscal year's federal income tax information, please refer to the Notes to the Financial Statements section in the Portfolio's most recent annual report.  |

---

**2** 

------

Mid Cap Value Portfolio

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

The Fair Value Measurements and Disclosures Topic of the FASB Accounting Standards Codification defines fair value as the price that a Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes and requires disclosure of a fair value hierarchy, separately for each major category of asset and liability, which segregates fair value measurements into levels. A summary of the fair value hierarchy is described below:

Level 1 - fair value is determined by unadjusted quoted prices in active markets for identical securities or derivatives

Level 2 - fair value is determined by other significant observable inputs

Level 3 - fair value is determined by significant unobservable inputs

The categorization of a value determined for a financial instrument within the hierarchy is based upon the pricing transparency of the instrument and does not necessarily correspond to the Portfolio's perceived risk of that instrument.

The following is a summary of the inputs used in valuing the Portfolio's Investments at September 30, 2025.

---

| | | | |
|:---|:---|:---|:---|
|  | Valuation Inputs | Valuation Inputs | Valuation Inputs |
| **Description** | **Level 1 - Quoted<br>Prices** | **Level 2 - Other<br>Significant<br>Observable Inputs** | **Level 3**<br> **- Significant<br>Unobservable<br>Inputs** |
|  | *(Amounts in thousands)* | *(Amounts in thousands)* | *(Amounts in thousands)* |
|  Assets: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Communication Services | $5461 | $3493 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Discretionary | 20099 | 7234 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer Staples | 37870 | 28393 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrials | 91738 | 14411 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Materials | 32449 | 3255 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All Others | 411779 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Financial Instruments^ |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Contracts |  | 244 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Assets: | $599396 | $57030 | $— |

---

^ Other financial instruments are derivative instruments such as futures and forward foreign currency contracts, which are valued at the unrealized appreciation (depreciation) on the instrument, and securities sold short, reverse repurchase agreements, written options and swaps contracts, which are valued at market value.

**3** 

------

Abbreviations (unaudited)

**Abbreviations that may be used in the preceding statements** 

---

| | |
|:---|:---|
|  ADR | American Depositary Receipt |
|  AFC | Available Funds Cap security - Security accrues interest at an assumed or uncapped rate. If the interest rate on the underlying loans is lower than the uncapped rate, then the security will pay at the lower rate. |
|  CSTR | Collateral Strip Rate security - interest is based on the weighted net interest rate of the collateral. |
|  IO | Interest Only Security |
|  PO | Principal Only Security |
|  RB | Revenue Bond |
|  CPURNSA | U.S. Consumer Price Index - All Urban Consumers - Not Seasonally Adjusted |
|  IBOR | Interbank Offered Rate |
|  LIBOR | London Interbank Offered Rate |
|  SOFR | Secured Overnight Financing Rate |
|  CME | Chicago Mercantile Exchange |
|  ICE | Intercontinental Exchange |
|  FTSE | Financial Times Stock Exchange |
|  SONIO | Sterling Overnight Interbank Average Rate |
|  MUTKCALM | Bank of Japan Unsecured Overnight Call Rate |
|  DAC | Designated Activity Company |
|  RSC | Restricted Scope Company |
|  KSC | Kuwait Shareholding Company |
|  TBA | To Be Announced |
|  CMT | Constant Maturity Treasury |
|  OIS | Overnight Index Swaps |
|  BBR | Bank Bill Rate |
|  BBSW | Bank Bill Swap Reference Rate |
|  DIFC | Dubai International Financial Centre |
|  EURIBOR | Euro Interbank Offered Rate |
|  PRIBOR | Prague Interbank Offered Rate |
|  SDR | Swedish Depository Receipt |
|  ETF | Exchange Traded Fund |
|  **Currency Abbreviations** | **Currency Abbreviations** |
|  AED | United Arab Emirates Dirham |
|  AUD | Australian Dollar |
|  BRL | Brazilian Real |
|  CAD | Canadian Dollar |
|  CHF | Swiss Franc |
|  CNH | Chinese Yuan Renminbi - Offshore |
|  CNY | Chinese Yuan Renminbi |
|  CZK | Czech Koruna |
|  DKK | Danish Krone |
|  EGP | Egyptian Pound |
|  EUR | Euro |
|  GBP | British Pound |
|  HKD | Hong Kong Dollar |
|  IDR | Indonesian Rupiah |
|  ILS | Israeli Shekel |
|  INR | Indian Rupee |
|  JPY | Japanese Yen |
|  KRW | South Korean Won |
|  MXN | Mexican New Peso |
|  NGN | Nigerian Naira |
|  NOK | Norwegian Krone |
|  NZD | New Zealand Dollar |
|  PEN | Peruvian Sol |
|  PLN | Polish Zloty |
|  RUB | Russian Ruble |
|  SAR | Saudi Riyal |
|  SEK | Swedish Krona |
|  SGD | Singapore Dollar |
|  THB | Thai Baht |
|  TRY | Turkish Lira |
|  TWD | Taiwan Dollar |
|  USD | United States Dollar |
|  ZAR | South African Rand |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** NORTHWESTERN MUTUAL SERIES FUND INC

- **b. Investment Company Act file number:** 811-03990

- **c. CIK number of Registrant:** 0000742212

- **d. LEI of Registrant:** 549300T1UBX7MDSNZA55

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 720 E WISCONSIN AVE

  - **City:** MILWAUKEE

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 414-271-1444

**Item A.2. Information about the Series.**

- **a. Name of Series:** Mid Cap Value Portfolio

- **b. EDGAR series identifier (if any):** S000000053

- **c. LEI of Series:** 8TRVIGMWHSWZVXP7PI34

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $674559003.81

**Total Liabilities:** $477627.97

**Net Assets:** $674081375.84

**Cash Not Reported:** $16846647.54

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000088 | 1.85%                | 4.25%                | -0.07%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $149054.55               | $9367855.82                                |
| Month 2  | $5936074.07              | $21832721.55                               |
| Month 3  | $2598450.66              | $-4959299.11                               |

**Designated Index Information**

- **Index Name:** Russell MidCap Value Index

- **Index Identifier:** RMCCV

### Schedule of Portfolio Investments

| Name                                         | Title                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| L3Harris Technologies Inc                    | L3Harris Technologies Inc                    | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |     27504 | NS      | $8399996.64   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                           | Equity Residential                           | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               |  | US        |    136704 | NS      | $8848849.92   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc                   | Mondelez International Inc                   | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     52763 | NS      | $3296104.61   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Toro Co/The                                  | Toro Co/The                                  | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |     54979 | NS      | $4189399.80   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp                           | Realty Income Corp                           | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               |  | US        |    174248 | NS      | $10592535.92  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Trust Corp                          | Northern Trust Corp                          | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |     72946 | NS      | $9818531.60   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills Inc                            | General Mills Inc                            | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |     57882 | NS      | $2918410.44   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America Inc             | Reinsurance Group of America Inc             | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |     53210 | NS      | $10223237.30  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Services Inc                | Universal Health Services Inc                | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |     30991 | NS      | $6335800.04   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Publicis Groupe SA                           | Publicis Groupe SA                           | CUSIP: 000000000<br>LEI: 2138004KW8BV57III342 | Long             | EC               | CORP              | FR        |     36390 | NS      | $3492966.32   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Ventas Inc                                   | Ventas Inc                                   | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               |  | US        |     80092 | NS      | $5605639.08   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc                                 | Teradyne Inc                                 | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |     61436 | NS      | $8456051.04   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions Corp          | Cognizant Technology Solutions Corp          | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |     73294 | NS      | $4915828.58   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corp                                   | Masco Corp                                   | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |     47231 | NS      | $3324590.09   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp                         | Regency Centers Corp                         | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               |  | US        |     29401 | NS      | $2143332.90   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group Inc                            | Omnicom Group Inc                            | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |     66984 | NS      | $5461205.52   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc/The         | PNC Financial Services Group Inc/The         | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |     23803 | NS      | $4782736.79   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                              | Xcel Energy Inc                              | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |    147039 | NS      | $11858695.35  | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosperity Bancshares Inc                    | Prosperity Bancshares Inc                    | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    124664 | NS      | $8271456.40   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries Inc                           | PPG Industries Inc                           | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |     45256 | NS      | $4756858.16   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Ltd                                   | Amdocs Ltd                                   | CUSIP: 000000000<br>LEI: 549300HQV672RJ7RQV66 | Long             | EC               | CORP              | GG        |     85267 | NS      | $6996157.35   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Akzo Nobel NV                                | Akzo Nobel NV                                | CUSIP: 000000000<br>LEI: 724500XYIJUGXAA5QD70 | Long             | EC               | CORP              | NL        |     45692 | NS      | $3254680.21   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| PPL Corp                                     | PPL Corp                                     | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |     28814 | NS      | $1070728.24   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Graphic Packaging Holding Co                 | Graphic Packaging Holding Co                 | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    382387 | NS      | $7483313.59   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                | Medtronic PLC                                | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |     65847 | NS      | $6271268.28   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp                        | Truist Financial Corp                        | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |    240637 | NS      | $11001923.64  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Reckitt Benckiser Group PLC                  | Reckitt Benckiser Group PLC                  | CUSIP: 000000000<br>LEI: 5493003JFSMOJG48V108 | Long             | EC               | CORP              | GB        |     77763 | NS      | $6005692.39   | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Coterra Energy Inc                           | Coterra Energy Inc                           | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |    248057 | NS      | $5866548.05   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Estee Lauder Cos Inc/The                     | Estee Lauder Cos Inc/The                     | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |     73822 | NS      | $6505194.64   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Henkel AG & Co KGaA                          | Henkel AG & Co KGaA                          | CUSIP: 000000000<br>LEI: 549300VZCL1HTH4O4Y49 | Long             | EC               | CORP              | DE        |     64276 | NS      | $5188158.56   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Sodexo SA                                    | Sodexo SA                                    | CUSIP: 000000000<br>LEI: 969500LCBOG12HXPYM84 | Long             | EC               | CORP              | FR        |     58282 | NS      | $3669174.70   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Zimmer Biomet Holdings Inc                   | Zimmer Biomet Holdings Inc                   | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |    185291 | NS      | $18251163.50  | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co                              | Baker Hughes Co                              | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    213975 | NS      | $10424862.00  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                        | NXP Semiconductors NV                        | CUSIP: 000000000<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |     13832 | NS      | $3149961.36   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc                  | Raymond James Financial Inc                  | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |      7785 | NS      | $1343691.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| First Hawaiian Inc                           | First Hawaiian Inc                           | CUSIP: 32051X108<br>LEI: 5493002DJSH46F5OLV06 | Long             | EC               | CORP              | US        |    169598 | NS      | $4211118.34   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                                  | Cummins Inc                                  | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |     20798 | NS      | $8784451.26   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp/DE                                  | CDW Corp/DE                                  | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |     20474 | NS      | $3261098.72   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp                        | Norfolk Southern Corp                        | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |     22645 | NS      | $6802784.45   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| A O Smith Corp                               | A O Smith Corp                               | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |     58998 | NS      | $4331043.18   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co                        | Becton Dickinson & Co                        | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |     53884 | NS      | $10085468.28  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp                          | American Tower Corp                          | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               |  | US        |     34097 | NS      | $6557535.04   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corp of America                    | Packaging Corp of America                    | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |     40742 | NS      | $8878904.06   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA Holdings Inc                           | IQVIA Holdings Inc                           | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |     28673 | NS      | $5446149.62   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp                    | Occidental Petroleum Corp                    | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |    115576 | NS      | $5460966.00   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson PLC                     | Willis Towers Watson PLC                     | CUSIP: 000000000<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | IE        |     35220 | NS      | $12166749.00  | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwestern Energy Group Inc                | Northwestern Energy Group Inc                | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |    173463 | NS      | $10166666.43  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc                                    | Spire Inc                                    | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |     75549 | NS      | $6158754.48   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                               | Public Storage                               | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               |  | US        |     25906 | NS      | $7482948.10   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR Inc                                   | PACCAR Inc                                   | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |     51140 | NS      | $5028084.80   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc                          | Eagle Materials Inc                          | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |     24238 | NS      | $5648423.52   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralliant Corp                                | Ralliant Corp                                | CUSIP: 750940108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     69620 | NS      | $3044482.60   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Pernod Ricard SA                             | Pernod Ricard SA                             | CUSIP: 000000000<br>LEI: 52990097YFPX9J0H5D87 | Long             | EC               | CORP              | FR        |     56840 | NS      | $5588809.72   | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Southwest Airlines Co                        | Southwest Airlines Co                        | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |    206685 | NS      | $6595318.35   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| ICON PLC                                     | ICON PLC                                     | CUSIP: 000000000<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |     17522 | NS      | $3066350.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust Inc                     | Essex Property Trust Inc                     | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               |  | US        |      7238 | NS      | $1937323.08   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| US Bancorp                                   | US Bancorp                                   | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |    262959 | NS      | $12708808.47  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Labcorp Holdings Inc                         | Labcorp Holdings Inc                         | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36867 | NS      | $10583041.02  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                                   | Evergy Inc                                   | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |    140048 | NS      | $10646448.96  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Conagra Brands Inc                           | Conagra Brands Inc                           | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |    259626 | NS      | $4753752.06   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Ahold Delhaize NV                | Koninklijke Ahold Delhaize NV                | CUSIP: 000000000<br>LEI: 724500C9GNBV20UYRX36 | Long             | EC               | CORP              | NL        |    191292 | NS      | $7738931.40   | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| BorgWarner Inc                               | BorgWarner Inc                               | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |    101403 | NS      | $4457675.88   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue Inc                                   | Kenvue Inc                                   | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |    633127 | NS      | $10275651.21  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| GE HealthCare Technologies Inc               | GE HealthCare Technologies Inc               | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |    121178 | NS      | $9100467.80   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                                     | CSX Corp                                     | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |    316431 | NS      | $11236464.81  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Envista Holdings Corp                        | Envista Holdings Corp                        | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               | CORP              | US        |    204350 | NS      | $4162609.50   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| ABM Industries Inc                           | ABM Industries Inc                           | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               | CORP              | US        |     87147 | NS      | $4019219.64   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Capital Services LLC          | PURCHASED USD / SOLD EUR                     | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $158821.26    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Ashtead Group PLC                            | Ashtead Group PLC                            | CUSIP: 000000000<br>LEI: 2138007UTBN8X9K1A235 | Long             | EC               | CORP              | GB        |     58006 | NS      | $3898023.17   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Eversource Energy                            | Eversource Energy                            | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |    111398 | NS      | $7924853.72   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| F5 Inc                                       | F5 Inc                                       | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |      8069 | NS      | $2607820.11   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                             | Duke Energy Corp                             | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |     37681 | NS      | $4663023.75   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE Gas Inc                                  | ONE Gas Inc                                  | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |    106705 | NS      | $8636702.70   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp/The                            | Allstate Corp/The                            | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |     19752 | NS      | $4239766.80   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Dover Corp                                   | Dover Corp                                   | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |     10564 | NS      | $1762392.12   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                                  | Cencora Inc                                  | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      8333 | NS      | $2604312.49   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc                          | VICI Properties Inc                          | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               |  | US        |    286660 | NS      | $9347982.60   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC                          | TE Connectivity PLC                          | CUSIP: 000000000<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |     15385 | NS      | $3377469.05   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co                          | Emerson Electric Co                          | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |     16849 | NS      | $2210251.82   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Vinci SA                                     | Vinci SA                                     | CUSIP: 000000000<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |      4829 | NS      | $672383.66    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| PulteGroup Inc                               | PulteGroup Inc                               | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51103 | NS      | $6752239.39   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp/The             | Bank of New York Mellon Corp/The             | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |     26865 | NS      | $2927210.40   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp                                  | Gentex Corp                                  | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |    120405 | NS      | $3407461.50   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie Generale des Etablissements Michelin SCA | Cie Generale des Etablissements Michelin SCA | CUSIP: 000000000<br>LEI: 549300SOSI58J6VIW052 | Long             | EC               | CORP              | FR        |     93704 | NS      | $3365784.88   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                       | Diamondback Energy Inc                       | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     38514 | NS      | $5511353.40   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| MSC Industrial Direct Co Inc                 | MSC Industrial Direct Co Inc                 | CUSIP: 553530106<br>LEI: 0XVKH0LN6YGOWO2EGO17 | Long             | EC               | CORP              | US        |     86685 | NS      | $7987155.90   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp                            | Agree Realty Corp                            | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               |  | US        |     30174 | NS      | $2143560.96   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortive Corp                                 | Fortive Corp                                 | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |     50673 | NS      | $2482470.27   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Commerce Bancshares Inc/MO                   | Commerce Bancshares Inc/MO                   | CUSIP: 200525103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    180422 | NS      | $10782018.72  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Products Partners LP              | Enterprise Products Partners LP              | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |    353798 | NS      | $11063263.46  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Westamerica BanCorp                          | Westamerica BanCorp                          | CUSIP: 957090103<br>LEI: 984500CF4F8115C11D96 | Long             | EC               | CORP              | US        |     58247 | NS      | $2911767.53   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexcel Corp                                  | Hexcel Corp                                  | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |     56417 | NS      | $3537345.90   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp                          | Kimberly-Clark Corp                          | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |     81396 | NS      | $10120778.64  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunzl PLC                                    | Bunzl PLC                                    | CUSIP: 000000000<br>LEI: 213800Q1Q9DV4L78UM09 | Long             | EC               | CORP              | GB        |    311723 | NS      | $9840924.27   | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| T Rowe Price Group Inc                       | T Rowe Price Group Inc                       | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |     46571 | NS      | $4780047.44   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc                    | Healthpeak Properties Inc                    | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               |  | US        |    334569 | NS      | $6406996.35   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Inc                        | Quest Diagnostics Inc                        | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |     31624 | NS      | $6026901.92   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Oshkosh Corp                                 | Oshkosh Corp                                 | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |     45162 | NS      | $5857511.40   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Capital Services LLC          | PURCHASED USD / SOLD GBP                     | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |         1 | NC      | $85332.26     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Henry Schein Inc                             | Henry Schein Inc                             | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               | CORP              | US        |    192908 | NS      | $12803303.96  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| HP Inc                                       | HP Inc                                       | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |    281850 | NS      | $7674775.50   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Inc                                 | Reliance Inc                                 | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |     20233 | NS      | $5682033.39   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK Inc                                    | ONEOK Inc                                    | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |     44969 | NS      | $3281387.93   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Hologic Inc                                  | Hologic Inc                                  | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |     97958 | NS      | $6611185.42   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Mohawk Industries Inc                        | Mohawk Industries Inc                        | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |     42519 | NS      | $5481549.48   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Insurance Group Inc/The              | Hanover Insurance Group Inc/The              | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |     15510 | NS      | $2817081.30   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Timken Co/The                                | Timken Co/The                                | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |     71815 | NS      | $5399051.70   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Heineken NV                                  | Heineken NV                                  | CUSIP: 000000000<br>LEI: 724500K5PTPSST86UQ23 | Long             | EC               | CORP              | NL        |     49571 | NS      | $3871537.06   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-28

**Name of Applicant:** NORTHWESTERN MUTUAL SERIES FUND INC

**Signature:** Linda Wisniewski

**Name of Signer:** Linda Wisniewski

**Title:** Controller and Chief Accounting Officer