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Insurance > VUL Investment Options > Thrivent High Yield Portfolio
Thrivent High Yield Portfolio
(formerly High Yield Portfolio)

Prospectus | Performance | Portfolio Focus Sheet (PDF, 400K)

Portfolio Management

Paul Ocenasek

Investment Management Style

(Chart Guide)

Investment Objective
Achieve a higher level of income through investment in a diversified portfolio of high yield securities ("Junk Bonds") which involve greater risks than higher quality investments. The portfolio will also consider growth of capital as a secondary objective.
Investment Strategy
Invests primarily in high-yield, high-risk bonds and other debt obligations or preferred securities, with a focus on "junk bonds" rated within or below the Ba category as defined by Moody’s. Emphasizes middle-tier high-yield bonds while minimizing exposure to more speculative high-yield bonds. Uses smaller allocations to convertible and preferred securities to reduce volatility and enhance total return potential.
Benefits of Investing in the Thrivent High Yield Portfolio
Historically competitive monthly income stream compared with peer group of similarly managed funds. Extensive in-house credit research and quantitative analysis support effective application of risk controls and prudent sector allocation management. Extensive diversification by industry and issuer, providing exposure to all major sectors and industries of the high-yield market.
Special Investment Risks
The underlying portfolio typically invests a majority of its assets in high yield bonds (commonly referred to as junk bonds). Although high yield bonds typically have a higher current yield than investment-grade bonds, high yield bonds are also subject to greater price fluctuations and increased risk of loss of principal than investment-grade bonds. These and other risks are described in the prospectus. Investing in a variable universal life insurance contract involves risks, including the possible loss of principal. The prospectus contains more complete information on the investment objectives, risks, charges and expenses of the variable universal life insurance contract and underlying investment options which investors should read and consider carefully before investing. Investing in a variable insurance product involves risks, including the possible loss of principal. The prospectus contains more complete information on the investment objectives, risks, charges and expenses of the variable universal life insurance contract and underlying investment options which investors should read and consider carefully before investing. To obtain a prospectus, contact a registered representative or visit www.thrivent.com.
Investment Minimums
All initial and subsequent investment minimums exist at the contract level. Most subaccounts carry no investment minimums. 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.

For additional information, contact the Investment Interaction Center at (800) 847-4836.

The variable universal life insurance contract is issued by Thrivent Financial for Lutherans, 625 Fourth Ave. S., Minneapolis, MN 55415-1665 and distributed by Thrivent Investment Management Inc., 625 Fourth Ave. S., Minneapolis, MN 55415-1665, 800-THRIVENT (800-847-4836), a wholly-owned subsidiary of Thrivent Financial for Lutherans. Member FINRA. Member SIPC.

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