Thrivent Money Market Portfolio
Portfolio Fact Sheet (PDF, 104K) | Prospectus & Reports
Portfolio Management
Managing Portfolio since 2003
Began investment industry experience: 1994
William D. Stouten
William Stouten is portfolio manager of the Thrivent Money Market Fund and Thrivent Money Market Portfolio. Stouten joined the organization in 2001 as a senior investment analyst and short-term securities trader supporting money market funds, proprietary accounts and other areas. He took over portfolio management responsibilities of money market securities in October of 2003. Before joining the company, Stouten worked for U.S. Bancorp, Voyageur Asset Management, Insight Investment Management, and John G. Kinnard and Co. in a variety of investment related roles. Stouten received his MBA in finance from the University of Minnesota in 1993 and his undergraduate degree in finance from SCSU in 1991.
Investment Objective
- Seeks to achieve the maximum current income that is consistent with stability of capital and maintenance of liquidity.
Investment Strategy
- The Portfolio invests in high-quality, short-term money market instruments, including U.S. dollar-denominated commercial paper, bank instruments such as certificates of deposit, U.S. government discount notes and U.S. Treasury Bills.
- It focuses on prime commercial paper issued by corporations that the Adviser believes to be financially sound, have strong cash flows and solid capital levels, are leaders in their industry and have experienced management.
- It is required to maintain a weighted average maturity of not more than 60 days and a weighted average life of not more than 120 days.
Benefits of Investing in the Thrivent Money Market Portfolio
- This Portfolio serves to provide stable diversification to a variable product account, and can be used for implementing dollar cost averaging strategies within the variable products offered by Thrivent Financial for Lutherans.
Special Investment Risks
- The principal risk of investing in the Money Market Portfolio is credit risk – that is,the risk that an issuer of a bond held by the Portfolio, or held by an underlying fund in which the Portfolio invests, may no longer be able to pay its debt. To the extent practicable, the Portfolio intends to maintain a stable net asset value of $1.00 per share. Although the Portfolio seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Portfolio. Investments in the underlying Portfolio are neither insured nor guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.
- 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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