EX-99.(H)2(A) 4 d151906dex99h2a.htm AGREEMENT TO WAIVE MASON STREET ADVISORS, LLC INVESTMENT ADVISORY FEES Agreement to Waive Mason Street Advisors, LLC Investment Advisory Fees

NORTHWESTERN MUTUAL SERIES FUND, INC.

720 East Wisconsin Avenue

Milwaukee, Wisconsin 53202

April 4, 2016

Mason Street Advisors, LLC

720 East Wisconsin Avenue

Milwaukee, WI 53202

 

Re:

Agreement to Waive Mason Street Advisors, LLC Investment Advisory Fees Relating to Certain Portfolios of Northwestern Mutual Series Fund, Inc.

Gentlemen:

This letter constitutes an agreement between Mason Street Advisors, LLC (“MSA”) and Northwestern Mutual Series Fund, Inc. (“Series Fund”) regarding the investment advisory fee for each of the Series Fund portfolios set forth below (each, a “Portfolio”). MSA agrees to waive, from May 1, 2016 through April 30, 2017 (unless renewed by the parties hereto), its investment advisory fee applicable to each Portfolio such that the investment advisory fee is as follows:

Growth Stock Portfolio

 

Assets    Fee

Up to $50 million

    0.60%

$50 million - $100 million

    0.50%

$100 million - $500 million

    0.40%

Excess over $500 million

    0.38%

Focused Appreciation Portfolio

 

Assets    Fee

Up to $100 million

    0.66%

$100 million - $500 million

    0.61%

$500 million - $1 billion

    0.60%

Excess over $1 billion

    0.57%

 

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Large Cap Core Stock Portfolio

 

Assets    Fee

Up to $50 million

    0.60%

$50 million - $100 million

    0.50%

$100 million - $500 million

    0.40%

Excess over $500 million

    0.35%

Index 500 Stock Portfolio

 

Assets    Fee

Up to $2 billion

    0.20%

Excess over $2 billion

    0.18%

Large Company Value Portfolio

 

Assets    Fee

Up to $100 million

    0.68%

$100 million - $250 million

    0.65%

$250 million- $500 million

    0.59%

Excess over $500 million

    0.57%

Domestic Equity Portfolio

 

Assets    Fee

Up to $100 million

    0.65%

$100 million - $250 million

    0.55%

$250 million - $500 million

    0.50%

Excess over $500 million

    0.48%

Equity Income Portfolio

 

Assets    Fee

Up to $500 million

    0.65%

Excess over $500 million

    0.55%

Mid Cap Growth Stock Portfolio

 

Assets    Fee

Up to $50 million

    0.80%

$50 million- $100 million

    0.65%

$100 million- $1 billion

    0.50%

Excess over $1 billion

    0.48%

 

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Index 400 Stock Portfolio

 

Assets    Fee

Up to $500 million

    0.25%

Excess over $500 million

    0.20%

Mid Cap Value Portfolio

 

Assets    Fee

Up to $150 million

    0.79%

$150 million - $500 million

    0.70%

Excess over $500 million

    0.68%

Small Cap Value Portfolio

 

Assets    Fee

Up to $500 million

    0.85%

Excess over $500 million

    0.80%

International Equity Portfolio

 

Assets    Fee

Up to $50 million

    0.80%

$50 million - $500 million

    0.60%

$500 million - $1 billion

    0.57%

$1 billion - $1.5 billion

    0.50%

Excess over $1.5 billion

    0.45%

Emerging Markets Equity Portfolio

 

Assets    Fee

Up to $250 million

    1.11%

$250 million- $500 million

    1.08%

$500 million- $1 billion

    0.96%

Excess over $1 billion

    0.78%

Money Market Portfolio

 

Assets    Fee

Up to $500 million

    0.30%

$500 million - $1 billion

    0.29%

Excess over $1 billion

    0.28%

 

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Short-Term Bond Portfolio

 

Assets    Fee

Up to $100 million

    0.35%

$100 million- $250 million

    0.33%

$250 million- $500 million

    0.30%

Excess over $500 million

    0.28%

Select Bond Portfolio

 

Assets    Fee

Up to $2 billion

    0.30%

Excess over $2 billion

    0.28%

Long-Term U.S. Government Bond Portfolio

 

Assets    Fee

Up to $100 million

    0.555%

$100 million - $250 million

    0.515%

$250 million - $500 million

    0.495%

Excess over $500 million

    0.445%

Inflation Protection Portfolio

 

Assets    Fee

Up to $100 million

    0.55%

$100 million - $250 million

    0.50%

Excess over $250 million

    0.46%

High Yield Bond Portfolio

 

Assets    Fee

Up to $50 million

    0.60%

$50 million - $100 million

    0.50%

$100 million - $1.0 billion

    0.40%

Excess over $1.0 billion

    0.30%

Multi-Sector Bond Portfolio

 

Assets    Fee

Up to $100 million

    0.74%

$100 million - $250 million

    0.73%

$250 million - $500 million

    0.70%

Excess over $500 million

    0.67%

 

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Balanced Portfolio

 

All assets

    0.05%

Asset Allocation Portfolio

 

All assets

    0.05%

This letter supersedes all prior agreements between the parties relating to the same matters.

 

         Very truly yours,
         NORTHWESTERN MUTUAL SERIES
FUND, INC.		   
         By:    /s/ Kate M. Fleming   
            Name:    Kate M. Fleming   
            Title:    President   
Agreed to and accepted:                 
MASON STREET ADVISORS, LLC            
By:    /s/ Kate M. Fleming            
   Name:    Kate M. Fleming            
   Title:    President            

 

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