Thrivent Diversified Income Plus Portfolio

Portfolio Management

Managing Portfolio since 2006
Began investment industry experience: 1983

 

Mark L. Simenstad, CFA

Mark Simenstad, chartered financial analyst (CFA), serves as Thrivent Financial for Lutherans vice president and head of fixed income funds and separate accounts. In this role, he is co-portfolio manager of the Thrivent Diversified Income Plus Fund and Thrivent Diversified Income Plus Portfolio, as well as all four Thrivent Asset Allocation Funds and Portfolios (Aggressive, Moderately Aggressive, Moderate, and Moderately Conservative). Simenstad oversees the investment management of all fixed income mutual funds and separate accounts. He joined the organization in 1983 as a securities analyst and held a variety of positions, including head of fixed income research and portfolio manager, before leaving the organization in 1993. He rejoined the organization in 1999 and assumed his current position in October of 2002. Before rejoining Thrivent Financial, Simenstad was employed by Investment Advisers, Inc. as vice president and portfolio manager from 1993 to 1996. He subsequently joined Voyageur Asset Management as chief investment officer–fixed income from 1996 to 1999. He received a bachelor's degree in economics from St. Olaf College in Northfield, MN and an MBA from the University of Minnesota.

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Managing Portfolio since 2007
Began investment industry experience: 1990

 

David R. Spanger, CFA

David Spangler, chartered financial analyst (CFA), is portfolio manager of the Thrivent Diversified Income Plus Fund, Thrivent Diversified Income Plus Portfolio, Thrivent Equity Income Plus Fund and Thrivent Equity Income Plus Portfolio. Spangler has been with Thrivent since 2002 and was director of investment product management from 2002 to 2006. Prior to joining Thrivent, Spangler was the vice president of mutual funds product development at Wells Fargo Funds Management, LLC from 2000 to 2002. He holds a bachelor's degree in economics & management from Beloit College and received his MBA from the University of Chicago's Booth School of Business. Spangler holds the chartered financial analyst designation (CFA).

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Managing Portfolio since 2004
Began investment industry experience: 1987

 

Paul J Ocenasek, CFA

Paul Ocenasek, chartered financial analyst (CFA), is portfolio manager of the Thrivent High Yield Fund, Thrivent High Yield Portfolio, Thrivent Diversified Income Plus Fund and Thrivent Diversified Income Plus Portfolio, and is Director of High Yield Research. Ocenasek began his employment with the organization in 1987 as a securities analyst. In 1992, he managed investment grade and convertible bonds for Thrivent’s general account. In 1996, Ocenasek assumed responsibility for managing high-yield bonds for the life company portfolio, and was subsequently named portfolio manager of the High Yield Fund in 1998. He began managing the High Yield Portfolio in June of 2001. Ocenasek earned both his bachelor's degree in business administration and his MBA degree from the University of Minnesota. He is a member of the Association for Investment Management and Research.

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Investment Objective

• Seeks to maximize income while maintaining prospects for capital appreciation.

Investment Strategy

• Employs a tactical, well-diversified income-oriented strategy.
• Prior to June 30, 2006, the Portfolio was named Thrivent High Yield Portfolio II and invested primarily in high-risk, high-yield securities, commonly referred to as "junk bonds." On June 30, 2006, the Portfolio adopted its current name and its current investment strategy, which includes the ability to invest in a more diversified portfolio of income-producing securities, including dividend-producing equities, real estate investment trust (REIT) stocks and other income-producing securities.
  

Benefits of Investing in the Thrivent Diversified Income Plus Portfolio

• Complements an overall portfolio with the goal of providing a dependable and steady income stream.
• Helps mitigate risk and reduce volatility through portfolio diversification and periodic reallocation.
• Offers potential principal growth through active management of an optimal mix of asset classes, including exposure to equities.

Special Investment Risks

• The securities in the fund are subject to market risk, which is the risk that the security prices may decline over a period of time, and interest rate risk, which is the risk that security prices may be adversely affected by changes in interest rates.
• The portfolio may invest in debt or equity securities. Debt securities include high-yield, high-risk securities, commonly known as "junk bonds." High-yield securities are subject to greater price fluctuations and increased risk of loss of principal than investment-grade bonds.
• Equities securities include securities of Real Estate Investment Trusts (REITs), which are subject to the risk that changes in real estate values or economic downturns can have a negative effect on issuers in the real estate industry.
• 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.