# EDGAR Filing Document

**Accession Number:** 0000742212
**File Stem:** 0001410368-26-053258
**Filing Date:** 2026-5
**Character Count:** 85455
**Document Hash:** e61ead0ee2cbdf98aeee49905be6fcd8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-053258.hdr.sgml**: 20260527

**ACCESSION NUMBER**: 0001410368-26-053258

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260527

**DATE AS OF CHANGE**: 20260527

**PERIOD START**: 20261231

**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:** 261024825

**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

### Small Cap Value Portfolio (Series ID: S000000049)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000000084 | Small Cap Value Portfolio |  |

## Nport-Ex

Small Cap Value Portfolio

SCHEDULE OF INVESTMENTS

**March 31, 2026 (unaudited)** 

---

| | | |
|:---|:---|:---|
| Common Stocks<br>(98.4%) | Shares/<br>Par <sup>+</sup> | Value<br> $(000's) |
|  **Communication Services (2.3%)** | **Communication Services (2.3%)** | **Communication Services (2.3%)** |
|  Madison Square Garden Sports Corp. \* | 11091 | 3565 |
|  The New York Times Co. - Class A | 70663 | 5917 |
|  Sphere Entertainment Co. \* | 15097 | 1772 |
|  Uniti Group, Inc. \* | 254731 | 2389 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **13643** |
|  **Consumer Discretionary (8.9%)** | **Consumer Discretionary (8.9%)** | **Consumer Discretionary (8.9%)** |
|  Abercrombie & Fitch Co. \* | 36061 | 3295 |
|  Advance Auto Parts, Inc. | 25679 | 1355 |
|  Boot Barn Holdings, Inc. \* | 9752 | 1427 |
|  Champion Homes, Inc. \* | 26060 | 1938 |
|  Chewy, Inc. - Class A \* | 69129 | 1867 |
|  Dorman Products, Inc. \* | 18911 | 1974 |
|  Dutch Bros, Inc. - Class A \* | 36698 | 1859 |
|  FIGS, Inc. - Class A \* | 59663 | 881 |
|  Kontoor Brands, Inc. | 34102 | 2397 |
|  Liberty Live Holdings, Inc. - Class C \* | 43599 | 4103 |
|  Marriott Vacations Worldwide Corp. | 33536 | 2184 |
|  Ollie's Bargain Outlet Holdings, Inc. \* | 6005 | 553 |
|  Peloton Interactive, Inc. - Class A \* | 501179 | 2150 |
|  Pool Corp. | 6027 | 1219 |
|  Savers Value Village, Inc. \* | 186096 | 1385 |
|  Steven Madden, Ltd. | 79923 | 2711 |
|  Strategic Education, Inc. | 33856 | 2809 |
|  Taylor Morrison Home Corp. \* | 129380 | 7535 |
|  Urban Outfitters, Inc. \* | 26428 | 1674 |
|  Victoria's Secret & Co. \* | 49577 | 2298 |
|  Visteon Corp. | 61917 | 5641 |
|  Wingstop, Inc. | 3710 | 575 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **51830** |
|  **Consumer Staples (1.5%)** | **Consumer Staples (1.5%)** |  |
|  Grocery Outlet Holding Corp. \* | 284534 | 2006 |
|  Post Holdings, Inc. \* | 34335 | 3394 |
|  Reynolds Consumer Products, Inc. | 94113 | 1993 |

---

---

| | | |
|:---|:---|:---|
| Common Stocks<br>(98.4%) | Shares/<br>Par <sup>+</sup> | Value<br> $(000's) |
|  **Consumer Staples continued** | **Consumer Staples continued** | **Consumer Staples continued** |
|  Turning Point Brands, Inc. | 15287 | 1327 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **8720** |
|  **Energy (10.0%)** | **Energy (10.0%)** | **Energy (10.0%)** |
|  Cactus, Inc. - Class A | 59773 | 2832 |
|  Denison Mines Corp. \* | 288158 | 1017 |
|  Expro Group Holdings NV \* | 196170 | 3415 |
|  Golar LNG, Ltd. | 55832 | 3021 |
|  Liberty Energy, Inc. | 97487 | 2808 |
|  Magnolia Oil & Gas Corp. - Class A | 138331 | 4367 |
|  Matador Resources Co. | 128820 | 8139 |
|  Noble Corp. PLC | 80359 | 3943 |
|  PBF Energy, Inc. - Class A | 114393 | 5447 |
|  Peabody Energy Corp. | 31474 | 1037 |
|  Permian Resources Corp. | 299222 | 6379 |
|  Range Resources Corp. | 120737 | 5455 |
|  Scorpio Tankers, Inc. | 49417 | 3690 |
|  TechnipFMC PLC | 99472 | 6877 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **58427** |
|  **Financials (24.5%)** | **Financials (24.5%)** | **Financials (24.5%)** |
|  Avidia Bancorp, Inc. | 133536 | 2627 |
|  Baldwin Insurance Group, Inc. \* | 79892 | 1753 |
|  Banc of California, Inc. | 298115 | 5241 |
|  BankUnited, Inc. | 56179 | 2537 |
|  Cathay General Bancorp | 63396 | 3161 |
|  Coastal Financial Corp. \* | 45684 | 3477 |
|  Columbia Banking System, Inc. | 375547 | 10301 |
|  Commercial Bancgroup, Inc. | 47518 | 1236 |
|  Eagle Bancorp, Inc. | 58760 | 1461 |
|  Eastern Bankshares, Inc. | 281972 | 5515 |
|  Ethos Technologies, Inc. - Class A \* | 53522 | 598 |
|  FB Financial Corp. | 108824 | 5652 |
|  Flagstar Bank NA | 389912 | 5135 |
|  Goosehead Insurance, Inc. - Class A \* | 22918 | 978 |
|  HA Sustainable Infrastructure Capital, Inc. | 187818 | 6902 |
|  Hamilton Lane, Inc. - Class A | 20837 | 2071 |

---

---

| | | |
|:---|:---|:---|
| Common Stocks<br>(98.4%) | Shares/<br>Par <sup>+</sup> | Value<br> $(000's) |
|  **Financials continued** | **Financials continued** | **Financials continued** |
|  Home BancShares, Inc. | 171443 | 4617 |
|  Houlihan Lokey, Inc. | 13891 | 1995 |
|  LendingClub Corp. \* | 77007 | 1103 |
|  Live Oak Bancshares, Inc. | 139942 | 4628 |
|  Miami International Holdings, Inc. \* | 34368 | 1338 |
|  National Bank Holding Corp. | 54573 | 2137 |
|  Neptune Insurance Holdings, Inc. - Class A \* | 51534 | 1247 |
|  Oscar Health, Inc. - Class A \* | 141140 | 1619 |
|  PennyMac Financial Services, Inc. | 67403 | 5891 |
|  PennyMac Mortgage Investment Trust | 190988 | 2227 |
|  Pinnacle Financial Partners, Inc. | 137673 | 11859 |
|  PRA Group, Inc. \* | 155203 | 2716 |
|  Preferred Bank | 38551 | 3496 |
|  Primerica, Inc. | 7578 | 1898 |
|  Rayonier, Inc. | 70216 | 1448 |
|  RLI Corp. | 27195 | 1551 |
|  Root, Inc. - Class A \* | 22278 | 984 |
|  Ryan Specialty Holdings, Inc. | 61765 | 2084 |
|  Sezzle, Inc. \* | 13468 | 852 |
|  Southern First Bancshares, Inc. \* | 31667 | 1726 |
|  SouthState Bank Corp. | 39822 | 3684 |
|  StoneX Group, Inc. \* | 23339 | 1882 |
|  Texas Capital Bancshares, Inc. \* | 63267 | 6003 |
|  Towne Bank | 158381 | 5333 |
|  Walker & Dunlop, Inc. | 43678 | 1938 |
|  Wealthfront Corp. \* | 45578 | 422 |
|  Western Alliance Bancorp | 76608 | 5428 |
|  WSFS Financial Corp. | 54896 | 3594 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **142345** |
|  **Health Care (11.0%)** | **Health Care (11.0%)** | **Health Care (11.0%)** |
|  10X Genomics, Inc. - Class A \* | 61375 | 1303 |
|  Agios Pharmaceuticals, Inc. \* | 38434 | 1300 |
|  Alignment Healthcare, Inc. \* | 156156 | 2751 |
|  Avanos Medical, Inc. \* | 210342 | 2947 |
|  Bicara Therapeutics, Inc. \* | 46771 | 930 |

---

**1** 

------

Small Cap Value Portfolio

---

| | | |
|:---|:---|:---|
| Common Stocks<br>(98.4%) | Shares/<br>Par <sup>+</sup> | Value<br> $(000's) |
|  **Health Care continued** | **Health Care continued** | **Health Care continued** |
|  Black Diamond Therapeutics, Inc. \* | 201600 | 429 |
|  BrightSpring Health Services \* | 101423 | 4322 |
|  Cabaletta Bio, Inc. \* | 318113 | 856 |
|  Concentra Group Holdings Parent, Inc. | 141949 | 3045 |
|  CRISPR Therapeutics AG \* | 33247 | 1582 |
|  Cytokinetics, Inc. \* | 81209 | 5352 |
|  Denali Therapeutics, Inc. \* | 83335 | 1600 |
|  Dyne Therapeutics, Inc. \* | 219314 | 3976 |
|  Elanco Animal Health, Inc. \* | 147018 | 3518 |
|  Ensign Group, Inc. | 20643 | 4160 |
|  Erasca, Inc. \* | 171803 | 2780 |
|  Immatics NV \* | 286186 | 2816 |
|  Immunocore Holdings PLC, ADR \* | 26553 | 801 |
|  Immunome, Inc. \* | 94842 | 2074 |
|  Immunovant, Inc. \* | 23452 | 583 |
|  Innovage Holding Corp. \* | 218886 | 1755 |
|  MapLight Therapeutics, Inc. \* | 42858 | 871 |
|  Praxis Precision Medicines, Inc. \* | 8552 | 2755 |
|  QuidelOrtho Corp. \* | 29268 | 481 |
|  Repligen Corp. \* | 5172 | 609 |
|  Sarepta Therapeutics, Inc. \* | 76185 | 1658 |
|  Shattuck Labs, Inc. \* | 192617 | 1239 |
|  Sotera Health Co. \* | 180313 | 2586 |
|  Vaxcyte, Inc. \* | 83974 | 4880 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **63959** |
|  **Industrials (12.9%)** | **Industrials (12.9%)** | **Industrials (12.9%)** |
|  Aebi Schmidt Holding AG | 138889 | 1349 |
|  Alamo Group, Inc. | 7906 | 1304 |
|  Allegiant Travel Co. \* | 51971 | 4212 |
|  Arcosa, Inc. | 39880 | 4233 |
|  Casella Waste Systems, Inc. - Class A \* | 29951 | 2376 |
|  CECO Environmental Corp. \* | 21624 | 1288 |
|  Covenant Logistics Group, Inc. - Class A | 73594 | 1998 |
|  EnerSys | 18840 | 3273 |
|  EnPro, Inc. | 10898 | 2732 |
|  ESCO Technologies, Inc. | 9097 | 2560 |
|  FTI Consulting, Inc. \* | 6503 | 1149 |
|  Helios Technologies, Inc. | 32320 | 2091 |
|  Hillman Solutions Corp. \* | 205196 | 1707 |

---

---

| | | |
|:---|:---|:---|
| Common Stocks<br>(98.4%) | Shares/<br>Par <sup>+</sup> | Value<br> $(000's) |
|  **Industrials continued** | **Industrials continued** | **Industrials continued** |
|  JBT Marel Corp. | 18096 | 2314 |
|  Matson, Inc. | 18608 | 3051 |
|  Mercury Systems, Inc. \* | 41512 | 3027 |
|  Modine Manufacturing Co. \* | 5730 | 1242 |
|  MSA Safety, Inc. | 11105 | 1821 |
|  NEXTracker, Inc. - Class A \* | 57283 | 6905 |
|  RBC Bearings, Inc. \* | 9013 | 4895 |
|  Rush Enterprises, Inc. - Class A | 54109 | 3577 |
|  Saia, Inc. \* | 5471 | 1922 |
|  Standex International Corp. | 7240 | 1845 |
|  UFP Industries, Inc. | 28202 | 2598 |
|  UL Solutions, Inc. - Class A | 13704 | 1175 |
|  UniFirst Corp. | 1040 | 262 |
|  Valmont Industries, Inc. | 7466 | 2983 |
|  VSE Corp. | 18021 | 3323 |
|  WillScot Holdings Corp. | 59243 | 1028 |
|  Zurn Elkay Water Solutions Corp. | 63702 | 2856 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **75096** |
|  **Information Technology (8.2%)** | **Information Technology (8.2%)** | **Information Technology (8.2%)** |
|  Applied Digital Corp. \* | 99452 | 2361 |
|  Endava PLC, ADR \* | 178675 | 790 |
|  Entegris, Inc. | 23188 | 2718 |
|  Fastly, Inc. \* | 86128 | 2503 |
|  FormFactor, Inc. \* | 15703 | 1523 |
|  Hut 8 Corp. \* | 104510 | 4902 |
|  i3 Verticals, Inc. - Class A \* | 55445 | 1240 |
|  Lattice Semiconductor Corp. \* | 41008 | 3804 |
|  Littelfuse, Inc. | 13781 | 4677 |
|  MACOM Technology Solutions Holdings, Inc. \* | 25194 | 5595 |
|  Mirion Technologies, Inc. \* | 149067 | 2771 |
|  PAR Technology Corp. \* | 28280 | 377 |
|  TTM Technologies, Inc. \* | 42780 | 4168 |
|  Viavi Solutions, Inc. \* | 245808 | 8180 |
|  Vishay Intertechnology, Inc. | 122292 | 2201 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **47810** |
|  **Materials (5.5%)** | **Materials (5.5%)** | **Materials (5.5%)** |
|  Cabot Corp. | 36458 | 2746 |
|  Celanese Corp. | 18245 | 1200 |
|  The Chemours Co. | 95244 | 2098 |
|  Commercial Metals Co. | 22208 | 1364 |
|  Constellium SE \* | 167220 | 4110 |
|  Element Solutions, Inc. | 143393 | 4896 |
|  H.B. Fuller Co. | 19636 | 1211 |

---

---

| | | |
|:---|:---|:---|
| Common Stocks<br>(98.4%) | Shares/<br>Par <sup>+</sup> | Value<br> $(000's) |
|  **Materials continued** | **Materials continued** | **Materials continued** |
|  IAMGOLD Corp. \* | 117185 | 2206 |
|  OR Royalties, Inc. | 46194 | 1756 |
|  Reliance, Inc. | 14202 | 4316 |
|  Warrior Met Coal, Inc. | 44749 | 4168 |
|  West Fraser Timber Co., Ltd. | 22469 | 1467 |
|  Worthington Steel, Inc. | 5501 | 167 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **31705** |
|  **Real Estate (7.9%)** | **Real Estate (7.9%)** | **Real Estate (7.9%)** |
|  CareTrust REIT, Inc. | 179203 | 6568 |
|  Curbline Properties Corp. | 316890 | 8172 |
|  EastGroup Properties, Inc. | 14349 | 2656 |
|  Highwoods Properties, Inc. | 115446 | 2472 |
|  Hudson Pacific Properties, Inc. \* | 79027 | 467 |
|  Independence Realty Trust, Inc. | 319604 | 4759 |
|  Kilroy Realty Corp. | 101697 | 2869 |
|  The Macerich Co. | 247390 | 4676 |
|  Pebblebrook Hotel Trust | 204291 | 2580 |
|  Ryman Hospitality Properties, Inc. | 23119 | 2133 |
|  Safehold, Inc. | 145336 | 1966 |
|  SmartStop Self Storage REIT, Inc. | 89622 | 2714 |
|  Terreno Realty Corp. | 65777 | 4040 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **46072** |
|  **Utilities (5.7%)** | **Utilities (5.7%)** | **Utilities (5.7%)** |
|  California Water Service Group | 117854 | 5343 |
|  Chesapeake Utilities Corp. | 36791 | 4649 |
|  Hawaiian Electric Industries, Inc. \* | 213990 | 3176 |
|  IDACORP, Inc. | 31959 | 4569 |
|  MDU Resources Group, Inc. | 128369 | 2660 |
|  OGE Energy Corp. | 76232 | 3656 |
|  ONE Gas, Inc. | 61687 | 5313 |
|  Southwest Gas Holdings, Inc. | 41481 | 3605 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total** |  | **32971** |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Common Stocks<br>(Cost: $449,320)** | &nbsp;&nbsp;&nbsp;&nbsp; **Total Common Stocks<br>(Cost: $449,320)** | **572578** |
| &nbsp;&nbsp;&nbsp;&nbsp; **Total Investments (98.4%)<br>(Cost: $449,320)<sup>@</sup>** | &nbsp;&nbsp;&nbsp;&nbsp; **Total Investments (98.4%)<br>(Cost: $449,320)<sup>@</sup>** | **572578** |
| &nbsp;&nbsp;&nbsp;&nbsp; **Other Assets, Less<br>Liabilities (1.6%)** | &nbsp;&nbsp;&nbsp;&nbsp; **Other Assets, Less<br>Liabilities (1.6%)** | **9119** |
| &nbsp;&nbsp;&nbsp;&nbsp; **Net Assets (100.0%)** | &nbsp;&nbsp;&nbsp;&nbsp; **Net Assets (100.0%)** | **581697** |

---

**2** 

------

Small Cap Value Portfolio

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

\* Non income producing

---

| | |
|:---|:---|
| @ | At March 31, 2026, the aggregate cost of investments, including derivatives, for federal tax purposes (in thousands) was $449,320 and the net unrealized appreciation of investments based on that cost was $123,258 which is comprised of $152,685 aggregate gross unrealized appreciation and $29,427 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.  |

---

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 March 31, 2026.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | 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 | $572578 | $— | $— |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Assets: | $572578 | $— | $— |  |

---

**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 |
| GDR | Global Depositary Receipt |
| 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 |
| DAC | Designated Activity 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 |
| BRL-CDI | Brazil Interbank Deposit Rate |
| CAONREPO | Canadian Overnight Repo Rate Average |
| JIBAR | Johannesburg Interbank Agreed Rate |
| EURIBOR | Euro Interbank Offered Rate |
| PRIBOR | Prague Interbank Offered Rate |
| 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 |
| COP | Colombian Peso |
| 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 |
| KWD | Kuwaiti Dinar |
| KZT | Kazakhstani Tenge |
| MXN | Mexican New Peso |
| NOK | Norwegian Krone |
| NZD | New Zealand Dollar |
| PEN | Peruvian Sol |
| PLN | Polish Zloty |
| PYG | Paraguayan Guarani |
| 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 |

---

**1**

## 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:** Small Cap Value Portfolio

- **b. EDGAR series identifier (if any):** S000000049

- **c. LEI of Series:** 5493006BEZYY47A02J59

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $582375968.75

**Total Liabilities:** $480698.90

**Net Assets:** $581895269.85

**Cash Not Reported:** $7773884.46

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000084 | 5.49%                | 2.48%                | -3.70%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $8763139.04              | $23055368.73                               |
| Month 2  | $3774310.36              | $11260912.64                               |
| Month 3  | $1061716.15              | $-24346521.68                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Abercrombie & Fitch Co                    | Abercrombie & Fitch Co                    | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |     36061 | NS      | $3294893.57   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts Inc                    | Advance Auto Parts Inc                    | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |     25679 | NS      | $1354567.25   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Agios Pharmaceuticals Inc                 | Agios Pharmaceuticals Inc                 | CUSIP: 00847X104<br>LEI: 529900ONJHY8EOGYT555 | Long             | EC               | CORP              | US        |     38434 | NS      | $1300222.22   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamo Group Inc                           | Alamo Group Inc                           | CUSIP: 011311107<br>LEI: 54930080C93RVZRSDV26 | Long             | EC               | CORP              | US        |      7906 | NS      | $1304252.82   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Alignment Healthcare Inc                  | Alignment Healthcare Inc                  | CUSIP: 01625V104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    156156 | NS      | $2751468.72   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegiant Travel Co                       | Allegiant Travel Co                       | CUSIP: 01748X102<br>LEI: 549300JM9OZXOHWL2K18 | Long             | EC               | CORP              | US        |     51971 | NS      | $4211729.84   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Digital Corp                      | Applied Digital Corp                      | CUSIP: 038169207<br>LEI: 2549004NE2B6RYXINZ02 | Long             | EC               | CORP              | US        |    104954 | NS      | $2491607.96   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa Inc                                | Arcosa Inc                                | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |     39880 | NS      | $4232863.20   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Avanos Medical Inc                        | Avanos Medical Inc                        | CUSIP: 05350V106<br>LEI: 549300YCXWOM7NEWMQ58 | Long             | EC               | CORP              | US        |    210342 | NS      | $2946891.42   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Avidia Bancorp Inc                        | Avidia Bancorp Inc                        | CUSIP: 05369T100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    133536 | NS      | $2626653.12   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Bicara Therapeutics Inc                   | Bicara Therapeutics Inc                   | CUSIP: 055477103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46771 | NS      | $930275.19    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Baldwin Insurance Group Inc/The           | Baldwin Insurance Group Inc/The           | CUSIP: 05589G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     79892 | NS      | $1752830.48   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Banc of California Inc                    | Banc of California Inc                    | CUSIP: 05990K106<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EC               | CORP              | US        |    298115 | NS      | $5240861.70   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| BankUnited Inc                            | BankUnited Inc                            | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |     56179 | NS      | $2537043.64   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Diamond Therapeutics Inc            | Black Diamond Therapeutics Inc            | CUSIP: 09203E105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    201600 | NS      | $429408.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Boot Barn Holdings Inc                    | Boot Barn Holdings Inc                    | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |      9752 | NS      | $1427302.72   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| BrightSpring Health Services Inc          | BrightSpring Health Services Inc          | CUSIP: 10950A106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    101423 | NS      | $4321634.03   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| CECO Environmental Corp                   | CECO Environmental Corp                   | CUSIP: 125141101<br>LEI: 5493002CZCTL4HGLIY91 | Long             | EC               | CORP              | US        |     21624 | NS      | $1288357.92   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Cabaletta Bio Inc                         | Cabaletta Bio Inc                         | CUSIP: 12674W109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    318113 | NS      | $855723.97    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Cabot Corp                                | Cabot Corp                                | CUSIP: 127055101<br>LEI: K05C0SER542GQ6VLRO68 | Long             | EC               | CORP              | US        |     36458 | NS      | $2745651.98   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Cactus Inc                                | Cactus Inc                                | CUSIP: 127203107<br>LEI: 549300J3T8C9F8QFKV08 | Long             | EC               | CORP              | US        |     59773 | NS      | $2831447.01   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| California Water Service Group            | California Water Service Group            | CUSIP: 130788102<br>LEI: 529900QABDOBU6UVRQ36 | Long             | EC               | CORP              | US        |    117854 | NS      | $5343500.36   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| CareTrust REIT Inc                        | CareTrust REIT Inc                        | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               |  | US        |    179203 | NS      | $6567789.95   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Casella Waste Systems Inc                 | Casella Waste Systems Inc                 | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Long             | EC               | CORP              | US        |     29951 | NS      | $2376312.34   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Cathay General Bancorp                    | Cathay General Bancorp                    | CUSIP: 149150104<br>LEI: 549300K1SLJ8C97H5L68 | Long             | EC               | CORP              | US        |     66023 | NS      | $3291906.78   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Celanese Corp                             | Celanese Corp                             | CUSIP: 150870103<br>LEI: 549300FHJQTDPPN41627 | Long             | EC               | CORP              | US        |     18245 | NS      | $1199973.65   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemours Co/The                           | Chemours Co/The                           | CUSIP: 163851108<br>LEI: 549300M1BOLNXL8DOV14 | Long             | EC               | CORP              | US        |     95244 | NS      | $2098225.32   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Utilities Corp                 | Chesapeake Utilities Corp                 | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               | CORP              | US        |     37813 | NS      | $4778428.81   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Chewy Inc                                 | Chewy Inc                                 | CUSIP: 16679L109<br>LEI: 254900NPQSTG9I422879 | Long             | EC               | CORP              | US        |     69129 | NS      | $1866483.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Coastal Financial Corp/WA                 | Coastal Financial Corp/WA                 | CUSIP: 19046P209<br>LEI: 549300XG5L36T6IU0B47 | Long             | EC               | CORP              | US        |     45684 | NS      | $3476552.40   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System Inc               | Columbia Banking System Inc               | CUSIP: 197236102<br>LEI: 254900CTRJTQZ3BJ2V17 | Long             | EC               | CORP              | US        |    357259 | NS      | $9799614.37   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Bancgroup Inc                  | Commercial Bancgroup Inc                  | CUSIP: 20112C106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47518 | NS      | $1236418.36   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co                      | Commercial Metals Co                      | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |     22208 | NS      | $1364237.44   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentra Group Holdings Parent Inc       | Concentra Group Holdings Parent Inc       | CUSIP: 20603L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    141949 | NS      | $3044806.05   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| QuidelOrtho Corp                          | QuidelOrtho Corp                          | CUSIP: 219798105<br>LEI: 549300YU8CMO9HF53113 | Long             | EC               | CORP              | US        |     39743 | NS      | $652977.49    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Covenant Logistics Group Inc              | Covenant Logistics Group Inc              | CUSIP: 22284P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     73594 | NS      | $1998077.10   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Curbline Properties Corp                  | Curbline Properties Corp                  | CUSIP: 23128Q101<br>LEI: 529900PGR41LH0I81I15 | Long             | EC               |  | US        |    316890 | NS      | $8172593.10   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Cytokinetics Inc                          | Cytokinetics Inc                          | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |     81209 | NS      | $5352485.19   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Denali Therapeutics Inc                   | Denali Therapeutics Inc                   | CUSIP: 24823R105<br>LEI: 549300ZTQ2HO18L3Q830 | Long             | EC               | CORP              | US        |     83335 | NS      | $1600032.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Denison Mines Corp                        | Denison Mines Corp                        | CUSIP: 248356107<br>LEI: 529900JWGSW17LJK6586 | Long             | EC               | CORP              | CA        |    288158 | NS      | $1017197.74   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorman Products Inc                       | Dorman Products Inc                       | CUSIP: 258278100<br>LEI: 2549000O0BBUX740XR59 | Long             | EC               | CORP              | US        |     18911 | NS      | $1973551.96   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Dutch Bros Inc                            | Dutch Bros Inc                            | CUSIP: 26701L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36698 | NS      | $1859120.68   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Dyne Therapeutics Inc                     | Dyne Therapeutics Inc                     | CUSIP: 26818M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    219314 | NS      | $3976162.82   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Bancorp Inc                         | Eagle Bancorp Inc                         | CUSIP: 268948106<br>LEI: 549300B47NZODRMG3D47 | Long             | EC               | CORP              | US        |     58760 | NS      | $1461361.20   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastern Bankshares Inc                    | Eastern Bankshares Inc                    | CUSIP: 27627N105<br>LEI: 549300J245MBQU3DO403 | Long             | EC               | CORP              | US        |    289732 | NS      | $5667157.92   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties Inc                  | EastGroup Properties Inc                  | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               |  | US        |     14349 | NS      | $2655856.41   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Elanco Animal Health Inc                  | Elanco Animal Health Inc                  | CUSIP: 28414H103<br>LEI: 549300SHPNDCE059M934 | Long             | EC               | CORP              | US        |    147018 | NS      | $3518140.74   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Element Solutions Inc                     | Element Solutions Inc                     | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |    143393 | NS      | $4895437.02   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Endava PLC                                | Endava PLC                                | CUSIP: 29260V105<br>LEI: 213800JJ6CRPCWCQVZ25 | Long             | EC               | CORP              | GB        |    178675 | NS      | $789743.50    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| EnerSys                                   | EnerSys                                   | CUSIP: 29275Y102<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | EC               | CORP              | US        |     18840 | NS      | $3272884.80   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Enpro Inc                                 | Enpro Inc                                 | CUSIP: 29355X107<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | EC               | CORP              | US        |     10898 | NS      | $2731583.70   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group Inc/The                      | Ensign Group Inc/The                      | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |     20643 | NS      | $4159564.50   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Entegris Inc                              | Entegris Inc                              | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |     23188 | NS      | $2718561.12   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Erasca Inc                                | Erasca Inc                                | CUSIP: 29479A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    171803 | NS      | $2779772.54   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ESCO Technologies Inc                     | ESCO Technologies Inc                     | CUSIP: 296315104<br>LEI: 5493007JJLP5MEWVDH10 | Long             | EC               | CORP              | US        |      9097 | NS      | $2559622.89   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Ethos Technologies Inc                    | Ethos Technologies Inc                    | CUSIP: 29765A101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53522 | NS      | $597840.74    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| FB Financial Corp                         | FB Financial Corp                         | CUSIP: 30257X104<br>LEI: 5493000B2LD2C2A6C435 | Long             | EC               | CORP              | US        |    111854 | NS      | $5809696.76   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Figs Inc                                  | Figs Inc                                  | CUSIP: 30260D103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59663 | NS      | $881222.51    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| FTI Consulting Inc                        | FTI Consulting Inc                        | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Long             | EC               | CORP              | US        |      6503 | NS      | $1149535.31   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastly Inc                                | Fastly Inc                                | CUSIP: 31188V100<br>LEI: 549300E2FZC83FJ3H565 | Long             | EC               | CORP              | US        |     86128 | NS      | $2502879.68   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| FormFactor Inc                            | FormFactor Inc                            | CUSIP: 346375108<br>LEI: 549300YCEEO6SZD1ZR61 | Long             | EC               | CORP              | US        |     15703 | NS      | $1523033.97   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| HB Fuller Co                              | HB Fuller Co                              | CUSIP: 359694106<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | EC               | CORP              | US        |     19636 | NS      | $1211148.48   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Goosehead Insurance Inc                   | Goosehead Insurance Inc                   | CUSIP: 38267D109<br>LEI: 549300WH5MBIWHJ9XY95 | Long             | EC               | CORP              | US        |     22918 | NS      | $977681.88    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Grocery Outlet Holding Corp               | Grocery Outlet Holding Corp               | CUSIP: 39874R101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    284534 | NS      | $2005964.70   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane Inc                         | Hamilton Lane Inc                         | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |     20837 | NS      | $2071197.80   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| HA Sustainable Infrastructure Capital Inc | HA Sustainable Infrastructure Capital Inc | CUSIP: 41068X100<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | EC               | CORP              | US        |    187818 | NS      | $6902311.50   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawaiian Electric Industries Inc          | Hawaiian Electric Industries Inc          | CUSIP: 419870100<br>LEI: JJ8FWOCWCV22X7GUPJ23 | Long             | EC               | CORP              | US        |    222290 | NS      | $3298783.60   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Helios Technologies Inc                   | Helios Technologies Inc                   | CUSIP: 42328H109<br>LEI: 5493000BCJSMIDRNTI78 | Long             | EC               | CORP              | US        |     32320 | NS      | $2091427.20   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Highwoods Properties Inc                  | Highwoods Properties Inc                  | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               |  | US        |    115446 | NS      | $2471698.86   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillman Solutions Corp                    | Hillman Solutions Corp                    | CUSIP: 431636109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    205196 | NS      | $1707230.72   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Home BancShares Inc/AR                    | Home BancShares Inc/AR                    | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    171443 | NS      | $4616959.99   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc                        | Houlihan Lokey Inc                        | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |     13891 | NS      | $1995025.42   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudson Pacific Properties Inc             | Hudson Pacific Properties Inc             | CUSIP: 444097406<br>LEI: 529900EURZA5HRSXQ389 | Long             | EC               |  | US        |     79027 | NS      | $467049.57    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Hut 8 Corp                                | Hut 8 Corp                                | CUSIP: 44812J104<br>LEI: 98450066FEF9C1D3FC20 | Long             | EC               | CORP              | US        |    104510 | NS      | $4902564.10   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| IAMGOLD Corp                              | IAMGOLD Corp                              | CUSIP: 450913108<br>LEI: 254900E7II30XAB9LA72 | Long             | EC               | CORP              | CA        |    117185 | NS      | $2205421.70   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP Inc                               | IDACORP Inc                               | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |     32837 | NS      | $4694705.89   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Immunome Inc                              | Immunome Inc                              | CUSIP: 45257U108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     94842 | NS      | $2074194.54   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Immunocore Holdings PLC                   | Immunocore Holdings PLC                   | CUSIP: 45258D105<br>LEI: 213800IUE3DFS84BVN18 | Long             | EC               | CORP              | GB        |     26553 | NS      | $800572.95    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Immunovant Inc                            | Immunovant Inc                            | CUSIP: 45258J102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23452 | NS      | $582547.68    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust Inc             | Independence Realty Trust Inc             | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               |  | US        |    328639 | NS      | $4893434.71   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovage Holding Corp                     | Innovage Holding Corp                     | CUSIP: 45784A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    218886 | NS      | $1755465.72   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| I3 Verticals Inc                          | I3 Verticals Inc                          | CUSIP: 46571Y107<br>LEI: 549300944CYWVP06CJ97 | Long             | EC               | CORP              | US        |     55445 | NS      | $1239750.20   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| JBT Marel Corp                            | JBT Marel Corp                            | CUSIP: 477839104<br>LEI: 5493007CT6ATBZ2L6826 | Long             | EC               | CORP              | US        |     18096 | NS      | $2313935.52   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corp                        | Kilroy Realty Corp                        | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               |  | US        |    105644 | NS      | $2980217.24   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Kontoor Brands Inc                        | Kontoor Brands Inc                        | CUSIP: 50050N103<br>LEI: 549300M0CPXV65RFF271 | Long             | EC               | CORP              | US        |     34102 | NS      | $2397029.58   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Lattice Semiconductor Corp                | Lattice Semiconductor Corp                | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |     41008 | NS      | $3803902.08   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| LendingClub Corp                          | LendingClub Corp                          | CUSIP: 52603A208<br>LEI: 549300YC50YO7Y1OJR92 | Long             | EC               | CORP              | US        |     77007 | NS      | $1102740.24   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Live Holdings Inc                 | Liberty Live Holdings Inc                 | CUSIP: 530909308<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43599 | NS      | $4103101.89   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy Inc                        | Liberty Energy Inc                        | CUSIP: 53115L104<br>LEI: 254900PKFJW6RILDCM60 | Long             | EC               | CORP              | US        |     97487 | NS      | $2807625.60   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc                            | Littelfuse Inc                            | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |     13781 | NS      | $4676582.35   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Oak Bancshares Inc                   | Live Oak Bancshares Inc                   | CUSIP: 53803X105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    139942 | NS      | $4627881.94   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU Resources Group Inc                   | MDU Resources Group Inc                   | CUSIP: 552690109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    128369 | NS      | $2659805.68   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| MSA Safety Inc                            | MSA Safety Inc                            | CUSIP: 553498106<br>LEI: 529900DVA3258XK11O39 | Long             | EC               | CORP              | US        |     11105 | NS      | $1820664.75   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM Technology Solutions Holdings Inc   | MACOM Technology Solutions Holdings Inc   | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25194 | NS      | $5594831.58   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Macerich Co/The                           | Macerich Co/The                           | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             | EC               |  | US        |    247390 | NS      | $4675671.00   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Steven Madden Ltd                         | Steven Madden Ltd                         | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |     79923 | NS      | $2710988.16   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Square Garden Sports Corp         | Madison Square Garden Sports Corp         | CUSIP: 55825T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11091 | NS      | $3564647.40   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Sphere Entertainment Co                   | Sphere Entertainment Co                   | CUSIP: 55826T102<br>LEI: 254900ZW4JWKYRZZ9A91 | Long             | EC               | CORP              | US        |     15097 | NS      | $1772387.80   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnolia Oil & Gas Corp                   | Magnolia Oil & Gas Corp                   | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    138331 | NS      | $4367109.67   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| MapLight Therapeutics Inc                 | MapLight Therapeutics Inc                 | CUSIP: 56565P103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42858 | NS      | $871303.14    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott Vacations Worldwide Corp         | Marriott Vacations Worldwide Corp         | CUSIP: 57164Y107<br>LEI: 549300WA6BT5H4F7IO94 | Long             | EC               | CORP              | US        |     33536 | NS      | $2183864.32   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co                      | Matador Resources Co                      | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |    128820 | NS      | $8138847.60   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson Inc                                | Matson Inc                                | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |     18608 | NS      | $3050595.52   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems Inc                       | Mercury Systems Inc                       | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |     41512 | NS      | $3026639.92   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Miami International Holdings Inc          | Miami International Holdings Inc          | CUSIP: 59356Q108<br>LEI: 254900TREUDBWGLAP788 | Long             | EC               | CORP              | US        |     34368 | NS      | $1337602.56   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirion Technologies Inc                   | Mirion Technologies Inc                   | CUSIP: 60471A101<br>LEI: 549300BNTOWVWFNVTJ65 | Long             | EC               | CORP              | US        |    149067 | NS      | $2771155.53   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co                   | Modine Manufacturing Co                   | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |      5730 | NS      | $1241748.30   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank Holdings Corp               | National Bank Holdings Corp               | CUSIP: 633707104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     54573 | NS      | $2137078.68   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Neptune Insurance Holdings Inc            | Neptune Insurance Holdings Inc            | CUSIP: 64073B103<br>LEI: 529900I3QTHC0Q1C2D65 | Long             | EC               | CORP              | US        |     51534 | NS      | $1246607.46   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Flagstar Bank NA                          | Flagstar Bank NA                          | CUSIP: 649445400<br>LEI: SS1TRMSN6BRNMOREEV51 | Long             | EC               | CORP              | US        |    400644 | NS      | $5276481.48   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Times Co/The                     | New York Times Co/The                     | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |     70663 | NS      | $5916612.99   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextpower Inc                             | Nextpower Inc                             | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58860 | NS      | $7095573.00   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corp                           | OGE Energy Corp                           | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |     76232 | NS      | $3656086.72   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Ollie's Bargain Outlet Holdings Inc       | Ollie's Bargain Outlet Holdings Inc       | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |      6005 | NS      | $552700.20    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE Gas Inc                               | ONE Gas Inc                               | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |     63385 | NS      | $5459350.05   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| OR Royalties Inc                          | OR Royalties Inc                          | CUSIP: 68390D106<br>LEI: 549300TJZTXZMPQ6K004 | Long             | EC               | CORP              | CA        |     46194 | NS      | $1756295.88   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Oscar Health Inc                          | Oscar Health Inc                          | CUSIP: 687793109<br>LEI: 254900AE8KDLFDOPKZ19 | Long             | EC               | CORP              | US        |    141140 | NS      | $1618875.80   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| PBF Energy Inc                            | PBF Energy Inc                            | CUSIP: 69318G106<br>LEI: 2549003PBEDCSZMZIY02 | Long             | EC               | CORP              | US        |    114393 | NS      | $5447394.66   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| PRA Group Inc                             | PRA Group Inc                             | CUSIP: 69354N106<br>LEI: 549300Q5HW3JSSB86K27 | Long             | EC               | CORP              | US        |    155203 | NS      | $2716052.50   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| PAR Technology Corp                       | PAR Technology Corp                       | CUSIP: 698884103<br>LEI: 549300HYPTHBJQINVG57 | Long             | EC               | CORP              | US        |     28280 | NS      | $376972.40    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Peabody Energy Corp                       | Peabody Energy Corp                       | CUSIP: 704551100<br>LEI: EJCO258LNNVSKAR2JX59 | Long             | EC               | CORP              | US        |     31474 | NS      | $1037068.30   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Pebblebrook Hotel Trust                   | Pebblebrook Hotel Trust                   | CUSIP: 70509V100<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EC               |  | US        |    204291 | NS      | $2580195.33   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Peloton Interactive Inc                   | Peloton Interactive Inc                   | CUSIP: 70614W100<br>LEI: 5493002YS021166W0339 | Long             | EC               | CORP              | US        |    501179 | NS      | $2150057.91   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| PennyMac Mortgage Investment Trust        | PennyMac Mortgage Investment Trust        | CUSIP: 70931T103<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EC               |  | US        |    190988 | NS      | $2226920.08   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| PennyMac Financial Services Inc           | PennyMac Financial Services Inc           | CUSIP: 70932M107<br>LEI: 549300W1D516HBDEU871 | Long             | EC               | CORP              | US        |     69280 | NS      | $6055072.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp                    | Permian Resources Corp                    | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |    305523 | NS      | $6513750.36   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle Financial Partners Inc           | Pinnacle Financial Partners Inc           | CUSIP: 72348N109<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EC               | CORP              | US        |    133901 | NS      | $11534232.14  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corp                                 | Pool Corp                                 | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |      6027 | NS      | $1219442.91   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings Inc                         | Post Holdings Inc                         | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | EC               | CORP              | US        |     34335 | NS      | $3394358.10   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Praxis Precision Medicines Inc            | Praxis Precision Medicines Inc            | CUSIP: 74006W207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8552 | NS      | $2755368.88   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Preferred Bank/Los Angeles CA             | Preferred Bank/Los Angeles CA             | CUSIP: 740367404<br>LEI: 5493007K6HGI9G0ECX16 | Long             | EC               | CORP              | US        |     38551 | NS      | $3496190.19   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Primerica Inc                             | Primerica Inc                             | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |      7578 | NS      | $1898137.44   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| RLI Corp                                  | RLI Corp                                  | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Long             | EC               | CORP              | US        |     27195 | NS      | $1551202.80   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp                      | Range Resources Corp                      | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |    124062 | NS      | $5605121.16   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Rayonier Inc                              | Rayonier Inc                              | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             | EC               |  | US        |     70216 | NS      | $1447853.92   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc                          | RBC Bearings Inc                          | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9013 | NS      | $4895140.56   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Inc                              | Reliance Inc                              | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |     14202 | NS      | $4316271.84   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corp                             | Repligen Corp                             | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |      5172 | NS      | $609365.04    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Reynolds Consumer Products Inc            | Reynolds Consumer Products Inc            | CUSIP: 76171L106<br>LEI: 894500ZQLNYY77S80A06 | Long             | EC               | CORP              | US        |     94113 | NS      | $1993313.34   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Root Inc/OH                               | Root Inc/OH                               | CUSIP: 77664L207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22278 | NS      | $984019.26    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Rush Enterprises Inc                      | Rush Enterprises Inc                      | CUSIP: 781846209<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |     56211 | NS      | $3716109.21   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryan Specialty Holdings Inc               | Ryan Specialty Holdings Inc               | CUSIP: 78351F107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     61765 | NS      | $2083951.10   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties Inc          | Ryman Hospitality Properties Inc          | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               |  | US        |     23119 | NS      | $2133190.13   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Sezzle Inc                                | Sezzle Inc                                | CUSIP: 78435P105<br>LEI: 9845000CA64541AE3I35 | Long             | EC               | CORP              | US        |     13468 | NS      | $852389.72    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Safehold Inc                              | Safehold Inc                              | CUSIP: 78646V107<br>LEI: QFFLKWYYS3UPWD86E794 | Long             | EC               |  | US        |    145336 | NS      | $1966396.08   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                                  | Saia Inc                                  | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |      5471 | NS      | $1921852.88   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Sarepta Therapeutics Inc                  | Sarepta Therapeutics Inc                  | CUSIP: 803607100<br>LEI: 549300IKDPIED8J8IG21 | Long             | EC               | CORP              | US        |     76185 | NS      | $1657785.60   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Savers Value Village Inc                  | Savers Value Village Inc                  | CUSIP: 80517M109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    186096 | NS      | $1384554.24   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Shattuck Labs Inc                         | Shattuck Labs Inc                         | CUSIP: 82024L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    192617 | NS      | $1238527.31   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Champion Homes Inc                        | Champion Homes Inc                        | CUSIP: 830830105<br>LEI: 2549008RYT2Y0VBZTC29 | Long             | EC               | CORP              | US        |     26060 | NS      | $1938082.20   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Smartstop Self Storage REIT Inc           | Smartstop Self Storage REIT Inc           | CUSIP: 83192D402<br>LEI: 549300EC266625K12S42 | Long             | EC               |  | US        |     89622 | NS      | $2713754.16   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Sotera Health Co                          | Sotera Health Co                          | CUSIP: 83601L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    180313 | NS      | $2585688.42   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern First Bancshares Inc             | Southern First Bancshares Inc             | CUSIP: 842873101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31667 | NS      | $1725851.50   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHSTATE BANK CORP                      | SOUTHSTATE BANK CORP                      | CUSIP: 84472E102<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |     39822 | NS      | $3684331.44   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings Inc                | Southwest Gas Holdings Inc                | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |     41481 | NS      | $3604698.90   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Standex International Corp                | Standex International Corp                | CUSIP: 854231107<br>LEI: RCX52GR0JW2LRRMH9Z54 | Long             | EC               | CORP              | US        |      7240 | NS      | $1845186.40   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneX Group Inc                          | StoneX Group Inc                          | CUSIP: 861896108<br>LEI: 549300JUF07L8VF02M60 | Long             | EC               | CORP              | US        |     23339 | NS      | $1882290.35   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Strategic Education Inc                   | Strategic Education Inc                   | CUSIP: 86272C103<br>LEI: 2549002UYIM8Q5EC8H36 | Long             | EC               | CORP              | US        |     33856 | NS      | $2808693.76   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| TTM Technologies Inc                      | TTM Technologies Inc                      | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |     42780 | NS      | $4167627.60   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp                 | Taylor Morrison Home Corp                 | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |    129380 | NS      | $7535091.20   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| 10X Genomics Inc                          | 10X Genomics Inc                          | CUSIP: 88025U109<br>LEI: 5493003Z6741WNLG7H43 | Long             | EC               | CORP              | US        |     61375 | NS      | $1302991.25   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corp                       | Terreno Realty Corp                       | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               |  | US        |     65777 | NS      | $4040023.34   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares Inc              | Texas Capital Bancshares Inc              | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |     65028 | NS      | $6169856.64   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Towne Bank/Portsmouth VA                  | Towne Bank/Portsmouth VA                  | CUSIP: 89214P109<br>LEI: 54930039UO39UJGI7078 | Long             | EC               | CORP              | US        |    162841 | NS      | $5482856.47   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Turning Point Brands Inc                  | Turning Point Brands Inc                  | CUSIP: 90041L105<br>LEI: 549300IYG00QF0VVP302 | Long             | EC               | CORP              | US        |     15287 | NS      | $1326758.73   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries Inc                        | UFP Industries Inc                        | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |     28202 | NS      | $2597968.24   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| UL Solutions Inc                          | UL Solutions Inc                          | CUSIP: 903731107<br>LEI: 549300F7CUV5ESKV9P71 | Long             | EC               | CORP              | US        |     13704 | NS      | $1174569.84   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| UniFirst Corp/MA                          | UniFirst Corp/MA                          | CUSIP: 904708104<br>LEI: 5493003XBTNWBC8UK019 | Long             | EC               | CORP              | US        |      1040 | NS      | $261653.60    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Uniti Group Inc                           | Uniti Group Inc                           | CUSIP: 912932100<br>LEI: 549300V3NU625PJUVA84 | Long             | EC               | CORP              | US        |    254731 | NS      | $2389376.78   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Outfitters Inc                      | Urban Outfitters Inc                      | CUSIP: 917047102<br>LEI: 549300N3DUFR5U6NRN38 | Long             | EC               | CORP              | US        |     26428 | NS      | $1674213.80   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| VSE Corp                                  | VSE Corp                                  | CUSIP: 918284100<br>LEI: 549300QWJYQDH4U5XI15 | Long             | EC               | CORP              | US        |     18021 | NS      | $3323072.40   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries Inc                    | Valmont Industries Inc                    | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |      7466 | NS      | $2983189.62   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Vaxcyte Inc                               | Vaxcyte Inc                               | CUSIP: 92243G108<br>LEI: 254900M7NMHTGASX8D95 | Long             | EC               | CORP              | US        |     83974 | NS      | $4879729.14   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Viavi Solutions Inc                       | Viavi Solutions Inc                       | CUSIP: 925550105<br>LEI: 5493006K3E3N1QOBF092 | Long             | EC               | CORP              | US        |    245808 | NS      | $8180490.24   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Victoria's Secret & Co                    | Victoria's Secret & Co                    | CUSIP: 926400102<br>LEI: 5493006T3O70U3UWVF17 | Long             | EC               | CORP              | US        |     49577 | NS      | $2298389.72   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Intertechnology Inc                | Vishay Intertechnology Inc                | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Long             | EC               | CORP              | US        |    122292 | NS      | $2201256.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Visteon Corp                              | Visteon Corp                              | CUSIP: 92839U206<br>LEI: 549300MOVLYHRW4GGW78 | Long             | EC               | CORP              | US        |     59277 | NS      | $5400727.47   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| WSFS Financial Corp                       | WSFS Financial Corp                       | CUSIP: 929328102<br>LEI: 549300SU7VQHD6QRG886 | Long             | EC               | CORP              | US        |     54896 | NS      | $3593492.16   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Walker & Dunlop Inc                       | Walker & Dunlop Inc                       | CUSIP: 93148P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43678 | NS      | $1938429.64   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Warrior Met Coal Inc                      | Warrior Met Coal Inc                      | CUSIP: 93627C101<br>LEI: 549300152B1S9YKBYV79 | Long             | EC               | CORP              | US        |     46487 | NS      | $4330264.05   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Wealthfront Corp                          | Wealthfront Corp                          | CUSIP: 947002101<br>LEI: 254900H4LJLUHGFJYM32 | Long             | EC               | CORP              | US        |     33900 | NS      | $313575.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| West Fraser Timber Co Ltd                 | West Fraser Timber Co Ltd                 | CUSIP: 952845105<br>LEI: 5493005WD1ZK6WBVR988 | Long             | EC               | CORP              | CA        |     22469 | NS      | $1467001.01   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorp                  | Western Alliance Bancorp                  | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |     76608 | NS      | $5427676.80   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| WillScot Holdings Corp                    | WillScot Holdings Corp                    | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |     59243 | NS      | $1028458.48   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Wingstop Inc                              | Wingstop Inc                              | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |      3710 | NS      | $574938.70    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurn Elkay Water Solutions Corp           | Zurn Elkay Water Solutions Corp           | CUSIP: 98983L108<br>LEI: 549300AM3633XDFU1Q85 | Long             | EC               | CORP              | US        |     63702 | NS      | $2856397.68   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellium SE                            | Constellium SE                            | CUSIP: 000000000<br>LEI: 724500KRJEMC79KAAU28 | Long             | EC               | CORP              | FR        |    167220 | NS      | $4110267.60   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Noble Corp PLC                            | Noble Corp PLC                            | CUSIP: 000000000<br>LEI: 549300I3HBUNXO0OG954 | Long             | EC               | CORP              | GB        |     80359 | NS      | $3943216.13   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                            | TechnipFMC PLC                            | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |     99472 | NS      | $6876499.36   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Golar LNG Ltd                             | Golar LNG Ltd                             | CUSIP: 000000000<br>LEI: 213800C2VSFZG3EZLO34 | Long             | EC               | CORP              | BM        |     52085 | NS      | $2818319.35   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Aebi Schmidt Holding AG                   | Aebi Schmidt Holding AG                   | CUSIP: 000000000<br>LEI: 506700TN58RT735OV464 | Long             | EC               | CORP              | CH        |    138889 | NS      | $1348612.19   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CRISPR Therapeutics AG                    | CRISPR Therapeutics AG                    | CUSIP: 000000000<br>LEI: 506700O6IRRIQLT3W370 | Long             | EC               | CORP              | CH        |     33247 | NS      | $1581559.79   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPRO GROUP HOLDINGS NV                   | Expro Group Holdings NV                   | CUSIP: 000000000<br>LEI: 724500LJYA8QIT73H017 | Long             | EC               | CORP              | NL        |    196170 | NS      | $3415319.70   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Immatics NV                               | Immatics NV                               | CUSIP: 000000000<br>LEI: 984500DC691EZ96AF394 | Long             | EC               | CORP              | NL        |    297738 | NS      | $2929741.92   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Scorpio Tankers Inc                       | Scorpio Tankers Inc                       | CUSIP: 000000000<br>LEI: 549300NVJUH16NXG8K87 | Long             | EC               | CORP              | MH        |     49417 | NS      | $3689473.22   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-28

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

**Signature:** Linda Wisniewski

**Name of Signer:** Linda Wisniewski

**Title:** Controller and Chief Accounting Officer