Thrivent Real Estate Securities Portfolio

Portfolio Fact Sheet (PDF, 102K) | Prospectus

Performance
Description

Portfolio Management

Reginald L. Pfeifer, CFA

Managing Portfolio since 2003
Began investment industry experience: 1986

Reginald L. Pfeifer, CFA

Reginald Pfeifer has served as portfolio manager of the Thrivent Real Estate Securities Fund since its inception in 2005, and the Thrivent Real Estate Securities Portfolio since its inception in 2003. Mr. Pfeifer has been with Thrivent since 1990, and has been a portfolio manager since 1995. Previously, he was Head of Fixed Income from 1998 to 2002, and Head of Mortgages and Real Estate from 2002 to 2003.

Investment Objective

Seeks to provide long-term capital appreciation and high current income.

Investment Strategy

Invests at least 80% of total portfolio assets in the common stocks or other securities of companies that are engaged primarily in real estate. Focuses on real estate equity securities, but may invest in other types of real estate securities, or in companies in other industries.

Benefits of Investing in the Thrivent Real Estate Securities Portfolio

This is a unique asset class with attractive investment characteristics that can provide meaningful diversification benefits to an overall portfolio.
The Portfolio may offer a higher current yield than bonds, with the added benefit of growth, and exposure to an asset class that has provided historically strong returns, with a moderate level of risk compared to the overall stock market.

Special Investment Risks

Real estate security prices are influenced by the underlying value of properties owned by the company, which may be influenced by the supply and demand for space and other factors.
The real estate industry is cyclical, and the value of securities issued by companies in the real estate industry may fluctuate in value.
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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