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Form N-PX · fund seriesSEC series no. S000000049

Small Cap Value Portfolio

A series of NORTHWESTERN MUTUAL SERIES FUND INC

Vote records
1,875year to 30 June 2026
Against management
9.6%181 of 1,876 marked votes
Say-on-pay support
93.2%for, of for + against + abstain
Shareholder-proposal support
20.0%for, of for + against + abstain

Small Cap Value Portfolio is a series of NORTHWESTERN MUTUAL SERIES FUND INC. For the year to 30 June 2026 its registrant reported 1,875 vote records for the series; 9.6% of the votes marked for or against management went against management. It voted for 93.2% of say-on-pay items and for 20.0% of proposals from security holders.

Compared with its registrant

year to 30 June 2026This seriesIts registrantMedian fund registrant
Against-management share9.6%3.9%6.2%
Say-on-pay support rate93.2%94.4%91.6%
Shareholder-proposal support rate20.0%16.2%27.5%

Votes by category

foragainstabstain, withhold or otheramber tick: the portion cast against management

Category (as the form names it)VotesForAgainstAgainst managementSplit
DIRECTOR ELECTIONS1,3061,1704410.6%
SECTION 14A SAY-ON-PAY VOTES203166179.4%
AUDIT-RELATED19919711.0%
SHAREHOLDER RIGHTS AND DEFENSES5500.0%
EXTRAORDINARY TRANSACTIONS121118.3%
CAPITAL STRUCTURE212100.0%
COMPENSATION696525.8%
CORPORATE GOVERNANCE69482127.5%
ENVIRONMENT OR CLIMATE2110.0%
HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE1100.0%
DIVERSITY, EQUITY, AND INCLUSION1100.0%
OTHER SOCIAL ISSUES2200.0%

By season

SeasonVote recordsAgainst managementSay-on-pay supportShareholder-proposal support
year to 30 June 20241,83710.6%92.7%62.5%
year to 30 June 20251,7628.8%96.5%75.0%
year to 30 June 20261,8759.6%93.2%20.0%

Questions

How often did Small Cap Value Portfolio vote against management?

9.6% of the votes its registrant marked for or against management in the year to 30 June 2026 (181 of 1,876).

How did Small Cap Value Portfolio vote on executive pay?

It voted for 165 of 177 say-on-pay items cast for, against or abstain (93.2%).

Is this the result of the meetings?

No. Form N-PX shows how the fund voted the shares it held. It does not show how other shareholders voted or what the outcome was.

Where does the data come from?

From the Form N-PX filed by NORTHWESTERN MUTUAL SERIES FUND INC, which lists the series that cast each vote. The SEC does not verify the contents. Data runs through 23 Sep 2026.

Provenance: SEC EDGAR, Form N-PX filed by NORTHWESTERN MUTUAL SERIES FUND INC (filer no. 742212); votes attributed to series S000000049 by the filer. Not verified by the SEC. Filings read through 23 Sep 2026.