Thrivent Moderate Allocation Portfolio

Portfolio Management

Managing Portfolio since 2005
Began investment industry experience: 1981

 

Russell W. Swansen, CIO

Russell Swansen has been Chief Investment Officer of Thrivent Financial for Lutherans since 2003. Swansen provides leadership to an investment team charged with delivering consistent, competitive investment performance for Thrivent Financial's members and mutual fund shareholders. Before coming to Thrivent, Swansen was a managing director in the Chicago office of Colonnade Advisors, LLC, an investment bank. Prior to Colonnade, he was president of PPM America, Inc. from its inception in 1990 through 2000. Swansen holds a bachelor's degree in business and economics from Gustavus Adolphus College and an MBA from the University of Minnesota Graduate School of Business.

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Managing Portfolio since 2005
Began investment industry experience: 1980

 

David C. Francis, CFA, Head of Equities

David Francis is responsible for managing the equity investment division of Thrivent Asset Management, which includes portfolio management, research and trading for over $11 Billion in assets. He is also a member of the Investment Strategy Committee responsible for the $9.5 Billion Thrivent family of asset allocation funds. He has been with Thrivent Asset Management for 10 years. He has 31 years of investment and management experience, over the years serving as analyst, equity portfolio manager and in various leadership positions in national asset management companies. He is a Chartered Financial Analyst and earned his BA and MBA at the University of Pittsburgh.

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Managing Portfolio since 2005
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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Investment Objective

• Seeks long-term capital growth while providing reasonable stability of principal.

Investment Strategy

• Invests in a combination of Thrivent mutual funds and other financial instruments.

Benefits of Investing in the Thrivent Moderate Allocation Portfolio

• This Portfolio offers strategic asset allocation and periodic reallocation that leverages the knowledge of the Thrivent Investment Committee.
• Takes advantage of instant access to diversification through multiple portfolios, managers, asset classes and styles. It also offers investors the ability to own multiple portfolios, and to utilize multiple managers and styles with one purchase.
• Finally, it's easy to modify by exchanging the entire portfolio to a less- or more-aggressive option.

Special Investment Risks

• Investment performance depends upon how its assets are allocated across broad asset categories and applicable sub-classes within such categories. Some broad asset categories and sub-classes may perform below expectations or below the securities markets generally over short or extended periods.
• Underperformance in the equity markets would have a material adverse effect on the Portfolio's total return given its significant allocation to equity securities. Therefore a principal risk of investing in the Portfolio is that the allocation strategies used, and the allocation decisions made will not produce the desired results.
• The Portfolio's performance depends on the portfolio managers' skills in determining the strategic asset class allocations, the mix of underlying Thrivent funds and other financial instruments, as well as the performance of those underlying assets. The performance of the underlying assets may be lower than the performance of the asset classes that the manager was trying to simulate. Stocks and bonds can decline due to adverse issuer, market, regulatory or economic developments.
• 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.