Thrivent Bond Index Portfolio
Portfolio Fact Sheet (PDF, 126K) | Prospectus & Reports
Portfolio ManagementMichael G. Landreville, CFA, CPA
Managing Portfolio since 2005 
Michael G. Landreville, CFA, CPAMike 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). |
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Investment Management StyleMaturity: Intermediate-term |
Investment Objective
- Strives for investment results similar to the total return of the Barclays Capital Aggregate Bond Index.
Investment Strategy
- The Portfolio invests primarily in a representative sample of the fixed-income securities that comprise the Barclays Capital Aggregate Bond Index, including U.S. Treasury and government agency securities, mortgage-related securities, corporate bonds, and asset-backed and commercial mortgage-backed securities.
Benefits of Investing in the Thrivent Bond Index Portfolio
- There is very little exposure to the more volatile, high-yield sector or convertible securities.
- This Portfolio offers exposure to major components of the fixed-income market, and seeks to approximate the performance of the Barclays Capital Aggregate Bond Index over time.
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. While the Portfolio attempts to closely track the Barclays Capital Aggregate Bond Index, it does not duplicate the composition of the index. Index portfolios are subject to the same market risks associated with the stocks in their respective indexes.
- The risks incurred by mortgage securities include, but are not limited to, reinvestment of prepaid loans at lower rates of return. The real estate industry and, therefore, the performance of the portfolio is highly sensitive to economic conditions. In addition, the value of mortgage seucirites may fluctuate in response to changes in interest rates and is not necessarily guaranteed by the U.S. Government.
- 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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201100826
Michael G. Landreville, CFA, CPA
Mike Landreville, chartered financial analyst (CFA), is co-manager of the Thrivent Income Fund, Thrivent Income Portfolio, Thrivent Limited Maturity Bond Fund and Thrivent Core Bond Fund. 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 Thrivent Financial for Lutherans in 1983 as a securities analyst, before becoming an associate portfolio manager. He was appointed portfolio manager of the LB Income Fund in 1998, and assumed the additional responsibility of managing the LB Limited Maturity Bond Fund in 1999. Landreville began managing the AAL Bond Fund in May of 2002. 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).
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.
Fixed Income Category
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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. |
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.
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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.
*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.