13F-HR 1 nml10q4.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2010 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: The Northwestern Mutual Life Insurance Company Address: 720 East Wisconsin Avenue Milwaukee, WI 53202 13F File Number: 28-00229 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Mark G. Doll Title: Chief Investment Officer Phone: 414-665-3336 Signature, Place, and Date of Signing: Mark G. Doll Milwaukee, WI February 14, 2011 Report Type (Check only one.): [ ] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ X] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: Form 13F File Number Name 28-01096 Russell Trust Company 28-01190 Frank Russell Company 28-05583 Northwestern Investment Management Company, LLC 28-10206 Mason Street Advisors, LLC 28-11160 Northwestern Mutual Wealth Management Company FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form13F Information Table Entry Total: 82 Form13F Information Table Value Total: $46,034 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. NONE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- AMERICAN EXPRESS CO COM 025816109 8 195 SH DEFINED 195 ANGLOGOLD ASHANTI LTD SPONSORED ADR 035128206 9 192 SH DEFINED 192 AT&T INC COM 00206R102 4 122 SH DEFINED 122 CISCO SYS INC COM 17275R102 1 26 SH DEFINED 26 DELL INC COM 24702R101 1 48 SH DEFINED 48 DELTA AIR LINES INC DEL COM NEW 247361702 1 48 SH DEFINED 48 E M C CORP MASS COM 268648102 1 26 SH DEFINED 26 EATON VANCE TX MGD DIV EQ IN COM 27828N102 0 13 SH DEFINED 13 ENTREMED INC COM NEW 29382F202 0 2 SH DEFINED 2 FORD MTR CO DEL COM PAR $0.01 345370860 13 800 SH DEFINED 800 ISHARES GOLD TRUST ISHARES 464285105 1 81 SH DEFINED 81 ISHARES TR RUSL 3000 GROW 464287671 87 1850 SH DEFINED 1850 ISHARES TR RUSSELL 1000 464287622 1718 24596 SH DEFINED 24596 ISHARES TR RUSSELL1000VAL 464287598 1069 16484 SH DEFINED 16484 ISHARES TR RUSL 2000 GROW 464287648 39 447 SH DEFINED 447 ISHARES TR RUSSELL 2000 464287655 285 3644 SH DEFINED 3644 ISHARES TR RUSL 2000 VALU 464287630 46 651 SH DEFINED 651 ISHARES TR RUSSELL 3000 464287689 219 2920 SH DEFINED 2920 ISHARES TR RUSL 3000 VALU 464287663 525 6154 SH DEFINED 6154 ISHARES TR RUSSELL MCP GR 464287481 223 3947 SH DEFINED 3947 ISHARES TR RUSSELL MIDCAP 464287499 825 8106 SH DEFINED 8106 ISHARES TR RUSSELL1000GRW 464287614 667 11654 SH DEFINED 11654 ISHARES TR S&P500 GRW 464287309 1042 15873 SH DEFINED 15873 ISHARES TR DJ SEL DIV INX 464287168 29 579 SH DEFINED 579 ISHARES TR RUSSELL MCP VL 464287473 239 5314 SH DEFINED 5314 ISHARES TR COHEN&ST RLTY 464287564 1027 15628 SH DEFINED 15628 ISHARES TR BARCLYS 1-3 YR 464287457 184 2186 SH DEFINED 2186 ISHARES TR BARCLYS 20+ YR 464287432 298 3168 SH DEFINED 3168 ISHARES TR BARCLYS 7-10 YR 464287440 217 2309 SH DEFINED 2309 ISHARES TR BARCLY USAGG B 464287226 1056 9986 SH DEFINED 9986 ISHARES TR BARCLYS CR BD 464288620 1712 16444 SH DEFINED 16444 ISHARES TR IBOXX INV CPBD 464287242 180 1657 SH DEFINED 1657 ISHARES TR BARCLYS TIPS BD 464287176 1806 16799 SH DEFINED 16799 ISHARES TR MSCI EMERG MKT 464287234 374 7850 SH DEFINED 7850 ISHARES TR S&P GLB100INDX 464287572 28 451 SH DEFINED 451 ISHARES TR DJ US REAL EST 464287739 31 552 SH DEFINED 552 ISHARES TR S&P 500 VALUE 464287408 307 5150 SH DEFINED 5150 ISHARES TR MSCI GRW IDX 464288885 133 2176 SH DEFINED 2176 ISHARES TR MSCI EAFE IDX 464287465 6180 106154 SH DEFINED 106154 ISHARES TR MSCI VAL IDX 464288877 158 3110 SH DEFINED 3110 ISHARES TR BARCLYS MBS BD 464288588 20 189 SH DEFINED 189 ISHARES TR S&P MC 400 GRW 464287606 125 1239 SH DEFINED 1239 ISHARES TR S&P MIDCAP 400 464287507 2362 26041 SH DEFINED 26041 ISHARES TR S&P MIDCP VALU 464287705 151 1898 SH DEFINED 1898 ISHARES TR S&P NTL AMTFREE 464288414 20 204 SH DEFINED 204 ISHARES TR S&P SMLCP GROW 464287887 32 434 SH DEFINED 434 ISHARES TR S&P SMLCAP 600 464287804 1118 16329 SH DEFINED 16329 ISHARES TR S&P SMLCP VALU 464287879 10 138 SH DEFINED 138 ISHARES TR US PFD STK IDX 464288687 3 68 SH DEFINED 68 ISHARES TR S&P 500 INDEX 464287200 762 6035 SH DEFINED 6035 JABIL CIRCUIT INC COM 466313103 0 20 SH DEFINED 20 KINDER MORGAN ENERGY PARTNER UT LTD PARTNER 494550106 6 80 SH DEFINED 80 MICROSOFT CORP COM 594918104 3 120 SH DEFINED 120 MYLAN INC COM 628530107 1 58 SH DEFINED 58 PFIZER INC COM 717081103 14 822 SH DEFINED 822 PLAINS EXPL& PRODTN CO COM 726505100 3 87 SH DEFINED 87 PROVIDENT ENERGY TR TR UNIT 74386K104 4 495 SH DEFINED 495 QWEST COMMUNICATIONS INTL IN COM 749121109 0 65 SH DEFINED 65 SALIX PHARMACEUTICALS INC NOTE 2.750% 5/1 795435AC0 3 2000 SH DEFINED 2000 SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 190 1645 SH DEFINED 1645 SPDR INDEX SHS FDS DJ INTL RL ETF 78463X863 36 937 SH DEFINED 937 SPDR S&P 500 ETF TR TR UNIT 78462F103 7295 58015 SH DEFINED 58015 SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP 78467Y107 4 24 SH DEFINED 24 SPDR SERIES TRUST BRCLYS INTL ETF 78464A516 861 14736 SH DEFINED 14736 SPDR SERIES TRUST BRCLYS YLD ETF 78464A417 1053 26522 SH DEFINED 26522 VANGUARD BD INDEX FD INC SHORT TRM BOND 921937827 1421 17666 SH DEFINED 17666 VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 3954 49262 SH DEFINED 49262 VANGUARD INDEX FDS EXTEND MKT ETF 922908652 5 88 SH DEFINED 88 VANGUARD INDEX FDS VALUE ETF 922908744 265 4963 SH DEFINED 4963 VANGUARD INDEX FDS STK MRK ETF 922908769 11 173 SH DEFINED 173 VANGUARD INDEX FDS SM CP VAL ETF 922908611 21 314 SH DEFINED 314 VANGUARD INDEX FDS SML CP GRW ETF 922908595 61 778 SH DEFINED 778 VANGUARD INDEX FDS SMALL CP ETF 922908751 142 1959 SH DEFINED 1959 VANGUARD INDEX FDS MID CAP ETF 922908629 423 5676 SH DEFINED 5676 VANGUARD INDEX FDS GROWTH ETF 922908736 101 1637 SH DEFINED 1637 VANGUARD INDEX FDS REIT ETF 922908553 1592 28752 SH DEFINED 28752 VANGUARD INDEX FDS MCAP VL IDXVIP 922908512 272 5131 SH DEFINED 5131 VANGUARD INDEX FDS MCAP GR IDXVIP 922908538 127 2035 SH DEFINED 2035 VANGUARD INDEX FDS LARGE CAP ETF 922908637 720 12496 SH DEFINED 12496 VANGUARD INTL EQUITY INDEX F PACIFIC ETF 922042866 52 914 SH DEFINED 914 VANGUARD INTL EQUITY INDEX F EMR MKT ETF 922042858 1997 41480 SH DEFINED 41480 VANGUARD TAX-MANAGED FD EUROPE PAC ETF 921943858 51 1404 SH DEFINED 1404