Thrivent Balanced Portfolio

Portfolio Fact Sheet (PDF,101K) | Prospectus & Reports

Performance
Description

Portfolio Management

Kevin R. Brimmer, FSA, MAAA

Managing Portfolio since 2002
Began investment industry experience: 1994

Kevin R. Brimmer, FSA, MAAA

Kevin Brimmer is portfolio manager of the following funds and portfolios: Thrivent Small Cap Index Portfolio, Thrivent Mid Cap Index Portfolio, Thrivent Large Cap Index Portfolio, Thrivent Balanced Portfolio, Thrivent Diversified Income Plus Fund, Thrivent Diversified Income Plus Portfolio, Thrivent Equity Income Plus Fund and Thrivent Equity Income Plus Portfolio. Previously, Brimmer served as Director of the Corporate Actuarial Department and Assistant Vice President of the Asset/Liability Management Department. Brimmer holds a bachelor's degree in actuarial science and statistics and an MBA, both from Drake University. He is a Fellow of the Society of Actuaries (FSA) and a member of the American Academy of Actuaries (MAAA).

Michael G. Landreville, CFA, CPA

Managing Portfolio since 2005
Began investment industry experience: 1984

Michael G. Landreville, CFA, CPA

Mike Landreville, chartered financial analyst (CFA), is Portfolio Manager of the Thrivent Core Bond Fund, Thrivent Bond Index Portfolio, Thrivent Limited Maturity Bond Fund, Thrivent Limited Maturity Bond Portfolio, Thrivent Government Bond Fund, Thrivent Balanced Fund and Thrivent Balanced Portfolio. Landreville began his career with the public accounting firm of Price Waterhouse, and later worked as an internal auditor with Soo Line Railroad in Minneapolis. He began his employment with the organization in 1983 as a securities analyst, before becoming an associate portfolio manager in 1998. He earned both his bachelor's degree in business administration and his MBA from the University of Minnesota. Landreville is also a certified public accountant (CPA--nonpracticing).

Investment Objective

Seeks long-term total return through a balance between income and the potential for long-term capital growth.

Investment Strategy

Invests in a balanced and weighted mix of stocks, bonds, and cash instruments, while incorporating the investment strategies of the Thrivent Large Cap Index Portfolio and the Thrivent Bond Index Portfolios.
Establishes weightings to stocks, bonds and cash by using historical results and expected risks to forecast asset class returns.

Benefits of Investing in the Thrivent Balanced Portfolio

In-house research and quantitative analysis allow tactical shifts to seek to maintain an optimal balance between volatility and return.
This is a well-diversified portfolio with exposure to the major components of the equity and fixed-income markets.
It also offers instant access to two of Thrivent Investment Management's key index portfolios, for both equity and fixed income. The Portfolio seeks to approximate the performance of its benchmark indexes, the S&P 500 Index and Barclays Capital Aggregate Bond Index.

Special Investment Risks

The Portfolio is subject to interest rate risk which may result in overall price fluctuations over short or even extended time periods.
Stocks are subject to the basic market risk in that a particular security, or securities in general, may decrease in value over short or even extended time periods.
These and other risks are described in the prospectus.

Investment Minimums

All initial and subsequent investment minimums exist at the contract level. Most subaccounts carry no investment minimums.
However, a minimum of $1,000 is required if you choose to use the DCA (Dollar Cost Averaging) Fixed Account to fund periodic investments to other subaccounts. See the prospectus for additional information.

Investing in a variable annuity contract involves risk, including the possible loss of principal. More complete information on the investment objectives, risks, charges and expenses of the variable annuity contract and underlying investment options is included in the prospectuses, which investors should read and consider carefully before investing. Prospectuses are available online or from a Thrivent Financial representative.

For additional information, contact the Investment Interaction Center at 800-847-4836.

This variable annuity contract is issued by Thrivent Financial for Lutherans and distributed by Thrivent Investment Management, Inc.


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Investment Management Style Chart Guide

Along with the description of the investment objective included for each of the investment options, the style box contains additional information to help you choose the options that best meet your financial goals, long-term investment objectives and risk tolerances. The style box helps you to understand how the portfolio assets are invested to seek the stated investment objective. Thrivent Investment Management Inc. has determined the placements within each style box.

Equity and Balanced Category

For the investment options in the equity and balanced category, the style box displays two variables. The first is the size of the companies in which the portfolio invests based on market capitalization.

L=Large-cap:Those companies generally included in the S&P 500® Index.
M=Mid-cap:Companies generally included in the S&P MidCap 400 Index.
S=Small-cap:Companies generally included in the S&P SmallCap Index.

The second style box variable is the portfolio's investment style - either value or growth stock investing. The style is determined by evaluating the price-to-earnings and price-to-book ratios of stocks within the portfolio.

V=Value:Attractively priced companies, such as those with low price-to-earnings and price-to-book ratios.
B=Blend:Invested in a combination of growth and value stocks. These also are known as "core" portfolios.
G=Growth:Companies with strong prospects for growth in earnings.

When taken together, these style boxes offer a broad view of a portfolio's holdings and risk, which may be helpful in deciding which one is right for you. While they illustrate the principal investment style of each portfolio, the portfolio still may invest, to a limited extent, in other types of securities.

Investment Management Style Chart Guide

Fixed Income Category

The style box for the investment options in the fixed-income category displays two variables. The first variable is the average credit rating* or quality of the holdings in the portfolio.

H=High-quality:Average credit rating of AA of AAA.
M=Medium-quality:Average credit rating of BBB to A.
L=Low-quality:Average credit rating of BB or lower.

The portfolio's average time until maturity, also known as its duration, is the second style box variable.

S=Short-term:Average maturity of less than 3.5 years.
I=Intermediate-term:Average maturity between 3.5 and 6 years.
L=Long-term:Average maturity greater than 6 years.

*The average credit rating, as set forth by Standard & Poor's, pertains to the type of securities a portfolio may purchase and not to the portfolio themselves.