Strategy. The Portfolio pursues its objective by investing in a combination of other funds managed by the Adviser or an affiliate and directly held financial instruments. The Portfolio is designed for investors who seek greater long-term capital growth and are comfortable with higher levels of risk and volatility. The Portfolio uses a prescribed asset allocation strategy involving a two-step process that is designed to achieve its desired risk tolerance. The first step is the construction of a model for the allocation of the Portfolios assets across broad asset categories (namely, equity securities and debt securities). The second step involves the determination of sub-classes within the broad asset categories and target weightings (i.e., what the Adviser determines is the strategic allocation) for … Show more… The Portfolio pursues its objective by investing in a combination of other funds managed by the Adviser or an affiliate and directly held financial instruments. The Portfolio is designed for investors who seek greater long-term capital growth and are comfortable with higher levels of risk and volatility. The Portfolio uses a prescribed asset allocation strategy involving a two-step process that is designed to achieve its desired risk tolerance. The first step is the construction of a model for the allocation of the Portfolios assets across broad asset categories (namely, equity securities and debt securities). The second step involves the determination of sub-classes within the broad asset categories and target weightings (i.e., what the Adviser determines is the strategic allocation) for these sub-classes. Sub-classes for equity securities may be based on market capitalization, investment style (such as growth or value), economic sector, or security type (such as private equity). Sub-classes for debt securities may be based on maturity, duration, security type or credit rating (high-yieldcommonly known as junk bondsor investment-grade). The use of target weightings for various sub-classes within broad asset categories is intended as a multi-style approach to reduce the risk of investing in securities having common characteristics. The Portfolio may buy and sell futures contracts to either hedge its exposure or obtain exposure to certain investments. The Portfolio may invest in foreign securities, including those of issuers in emerging markets. An emerging market country is any country determined by the Adviser to have an emerging market economy, considering factors such as the countrys credit rating, its political and economic stability and the development of its financial and capital markets. Under normal circumstances, the Portfolio invests in the following broad asset classes within the ranges given: Broad Asset Category Target Allocation Allocation Range Equity Securities 95% 75-100% Debt Securities 5% 0-25% The Portfolios actual holdings in each broad asset category may be outside the applicable allocation range from time to time due to differing investment performance among asset categories. The Adviser will rebalance the Portfolio at least annually so that its holdings are within the ranges for the broad asset categories. The Portfolio pursues its investment strategy by investing in other mutual funds managed by the Adviser or an affiliate and direct investments in securities. The names of the funds managed by the Adviser or an affiliate which are currently available for investment by the Portfolio are shown in the list below. The list is provided for information purposes only. The Adviser may change the availability of the funds managed by the Adviser or an affiliate for investment by the Portfolio without shareholder approval or advance notice to shareholders. Equity Securities Small Cap Thrivent Small Cap Stock Portfolio Thrivent Core Small Cap Value Fund Mid Cap Thrivent Mid Cap Stock Portfolio Thrivent Core Mid Cap Value Fund Large Cap Thrivent Global Stock Portfolio Thrivent Large Cap Growth Portfolio Thrivent Large Cap Value Portfolio Other Thrivent International Equity Portfolio Thrivent Core International Equity Fund Thrivent Core Low Volatility Equity Fund Debt Securities High Yield Bonds Thrivent High Yield Portfolio Intermediate/Long-Term Bonds Thrivent Income Portfolio Short-Term/Intermediate Bonds Thrivent Short-Term Bond Portfolio Other Thrivent Core Emerging Markets Debt Fund Short-Term Debt Securities Money Market Thrivent Cash Management Trust Other Thrivent Core Short-Term Reserve Fund Show less