Focused Appreciation Portfolio
Data updated: 2026-08-20
C000000090 — Focused Appreciation Portfolio. United States Large Cap Growth Equity · $1.43B AUM. Holdings, fees, performance and SEC filings.
C000000090 Fund Overview
Focused Appreciation Portfolio is a US mutual fund managed by Northwestern Mutual Series Fund INC, categorised as United States Large Cap Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Northwestern Mutual Series Fund INC
- Category: United States Large Cap Growth Equity
- Assets under management: $1.43B
- 1-year return: 1.0%
- SEC CIK: 0000742212
- SEC series ID: S000000055
- Share class ID: C000000090
C000000090 Investment Objective and Strategy
Focused Appreciation Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Northwestern Mutual Series Fund INC.
Investment objective
The investment objective of the Portfolio is long-term growth of capital.
Principal investment strategy
The Portfolio invests primarily in the equity securities of companies selected for their growth potential. The Portfolio focuses on stocks of large-capitalization companies, but may invest in companies of any size. For this purpose, large-capitalization companies are those with a market capitalization in excess of $5 billion at the time of purchase. The adviser employs a growth style of equity management that emphasizes companies with sustainable competitive advantages versus others, long-term structural growth drivers that will lead to above-average future cash flow growth, attractive cash flow returns or invested capital, and management teams focused on creating long-term value for shareholders. Long-term structural growth drivers are dynamics that in the managers opinion are not likely to change for five years or longer such as the transition of consumer shopping from in-store to online.
The adviser aims to invest in companies when they trade at a significant discount to the estimate of their intrinsic value. The intrinsic value of a company is the true worth of its business as perceived by the portfolio managers, which may not be fully reflected in the market price of its stock. The adviser calculates the intrinsic value of a company by the discounted net present value of future cash flows. The Portfolio normally invests across a wide range of sectors and industries. The Portfolios sector exposure relative to its benchmark is driven by the advisers stock selection process and, as a result, may at times have a relatively high percentage of its assets invested in a particular sector, such as the information technology sector. The adviser utilizes a focused investment strategy resulting in the Portfolio investing primarily in a core group of 30-40 securities.
The Portfolio may at times exceed this range. The Portfolio invests primarily in common stocks. The Portfolio may invest up to 20% of its net assets in foreign securities, including American Depositary Receipts (ADRs) and emerging market securities. The Portfolio may also invest in real estate investment trusts (REITs). The Portfolio is classified as non-diversified under the Investment Company Act of 1940, as amended, which means it may hold a larger position in a particular company or smaller number of companies than a diversified fund. The Portfolio may sell an investment when the portfolio manager believes an unfavorable structural change occurs within a given business or the markets in which it operates, a critical underlying investment assumption is flawed, when a more attractive reward-to-risk opportunity becomes available, when the current price reflects intrinsic value, or for other investment reasons which the portfolio manager deems appropriate.
C000000090 Holdings
Top 10 holdings of Focused Appreciation Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| NVIDIA Corp | 12.63% |
| Alphabet Inc | 9.21% |
| Tesla Inc | 8.42% |
| Meta Platforms Inc | 6.41% |
| Amazon.com Inc | 5.91% |
| Visa Inc | 4.88% |
| Boeing Co/The | 4.80% |
| Microsoft Corp | 4.49% |
| Netflix Inc | 4.23% |
| Monster Beverage Corp | 3.75% |
C000000090 Portfolio Allocation
Asset-class allocation of Focused Appreciation Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 97.9% |
C000000090 Performance
Total returns for C000000090 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -5.5% |
| 1 year | 1.0% |
| 3 years (annualised) | 17.1% |
| 5 years (annualised) | 10.7% |
C000000090 Risk Information
Risk metrics for C000000090, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.4%
C000000090 Costs and Fees
C000000090 costs about $58 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.58%
- Gross expense ratio: 0.73%
- Portfolio turnover: 2%
- Brokerage commissions: 0.32 bps of average net assets (SEC N-CEN)
C000000090 Cashflows
Over the 12 months to 2026-06, Focused Appreciation Portfolio had net inflows of $92.58M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$4.32M |
| 2026-05 | −$11.22M |
| 2026-04 | −$9.50M |
| 2026-03 | −$4.03M |
| 2026-02 | $6.46M |
| 2026-01 | −$12.63M |
C000000090 Debt Constituents
No individual debt constituents are reported in Focused Appreciation Portfolio's latest SEC N-PORT filing.
C000000090 Prospectus and SEC Filings
Official Focused Appreciation Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-24
- Prospectus (485BPOS) — filed 2025-04-25
- Prospectus supplement (497) — filed 2025-05-02
- Portfolio holdings (N-PORT) — filed 2026-08-20
- Portfolio holdings (N-PORT) — filed 2026-05-27
- Portfolio holdings (N-PORT) — filed 2026-02-23
- Annual census (N-CEN) — filed 2026-03-12
- Annual census (N-CEN) — filed 2025-03-11
Related Funds
Other United States Large Cap Growth Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.