REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 |
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Pre-Effective Amendment No. ___ |
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Post-Effective Amendment No. ___ |
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(Check appropriate box or boxes) |
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Michael W. Kremenak |
President |
Your vote is important. No matter how many shares you own and regardless of whether you
plan to attend the Meeting, please promptly return
your proxy card or voting instruction card, or
record your voting instructions by Internet or phone, to avoid the additional expense of further solicitation. |
John D. Jackson |
Secretary and Chief Legal Officer |
Thrivent Series Fund, Inc. |
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Investment Objective: |
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Target Portfolio |
Acquiring Portfolio |
The Portfolio seeks long-term capital appreciation with lower volatility relative to the global equity markets. The Portfolio's investment objective may be changed without shareholder approval. |
The Portfolio seeks long-term capital growth. |
Principal Strategies: |
|
Target Portfolio |
Acquiring Portfolio |
Under normal circumstances, the Portfolio invests at least 80% of its net |
Under normal circumstances, the Portfolio invests at least 80% of its net |
Principal Strategies: |
|
Target Portfolio |
Acquiring Portfolio |
assets (plus the amount of any borrowing for investment purposes) in equity securities. The Portfolio’s investments are diversified globally. The Portfolio may invest in securities denominated in U.S. dollars and the currencies of the foreign countries in which it may invest. The Portfolio typically has full currency exposure to those markets in which it invests. The Portfolio may buy or sell equity index futures for investment exposure or hedging purposes. The Portfolio may invest in securities of any market capitalization, including small- and mid-cap securities. In seeking to achieve the Portfolio’s
investment objective, the Adviser
employs investment management
techniques to identify securities that
exhibit low volatility returns. Volatility
refers to the variation in security and
market prices over time. Over a full
market cycle, the Portfolio seeks to
have a risk profile similar to the MSCI
World Minimum Volatility Index – USD
Net Returns. It is expected that the
Portfolio will generally underperform
the global equity markets during
periods of strong market performance. In buying and selling securities for the
Portfolio, the Adviser uses an active
strategy. This strategy consists of a
disciplined approach that involves |
assets in equity securities of domestic and international companies. Under normal market conditions, the Portfolio invests approximately 40% of its net assets in foreign assets. However, the Portfolio could invest a much lower percentage of its net assets in foreign assets depending on market conditions. An asset may be determined to be foreign based on the issuer’s domicile, principal place of business, stock exchange listing, source of revenue, or other factors. Foreign securities may also include depositary receipts. Should the Adviser change the investments used for purposes of this 80% threshold, you will be notified at least 60 days prior to the change. The Portfolio will generally make the
following allocations among the broad asset classes listed
below: U.S. large-cap equity–0-60% U.S. mid-cap equity–0-25% U.S. small-cap equity–0-25% Developed international equity–0-60% Emerging markets equity–0-25% The Portfolio’s actual holdings in each
broad asset category may be outside
the applicable allocation range from
time to time due to differing
investment performances among
asset classes. These allocations may
change without shareholder approval |
Principal Strategies: |
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Target Portfolio |
Acquiring Portfolio |
computer-aided, quantitative analysis of fundamental, technical and risk- related factors. The Adviser’s factor model (a method of analyzing and combining multiple data sources) systematically reviews thousands of stocks, using data such as historical earnings growth and expected future growth, valuation, price momentum, and other quantitative factors to forecast return potential. Then, risk characteristics of potential investments and covariation among securities are analyzed along with the return forecasts in determining the Portfolio’s holdings to produce a portfolio with reduced volatility. |
or advance notice to shareholders to the extent consistent with applicable law. The Portfolio seeks to achieve its
investment objective by investing
primarily in domestic and foreign
common stocks. The Portfolio may
buy and sell futures contracts to either
hedge its exposure or obtain
exposure to certain investments. The
Adviser uses fundamental,
quantitative, and technical investment
research techniques to determine
what stocks to buy and sell.
Fundamental techniques assess a
security’s value based on an issuer’s
financial profile, management, and
business prospects while quantitative
and technical techniques involve a
more data-oriented analysis of
financial information, market trends
and price movements. The Portfolio
may sell securities for a variety of
reasons, such as to secure gains, limit
losses, or reposition assets into more promising
opportunities. The Portfolio may also pursue its investment strategy by investing in other mutual funds managed by the Adviser or an affiliate. |
Risk |
Target Portfolio |
Acquiring Portfolio |
Allocation Risk |
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X |
Derivatives Risk |
X |
X |
Emerging Markets Risk |
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X |
Equity Security Risk |
X |
X |
Foreign Currency Risk |
X |
X |
Foreign Securities Risk |
X |
X |
Futures Contract Risk |
X |
X |
Investment Adviser Risk |
X |
X |
Issuer Risk |
X |
X |
Large Cap Risk |
X |
X |
Market Risk |
X |
X |
Mid Cap Risk |
X |
X |
Other Funds Risk |
|
X |
Quantitative Investing Risk |
X |
X |
Small Cap Risk |
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X |
Shareholder Fees (fees directly paid from your investment) | |||
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Actual |
Pro Forma | |
|
Target Portfolio |
Acquiring Portfolio |
Acquiring Portfolio
(assuming merger with
Target Portfolio) |
Maximum Sales Charge (load) Imposed on Purchases (as a % of offering price) |
N/A |
N/A |
N/A |
Maximum Deferred Sales Charge (load) (as a % of the net asset value) |
N/A |
N/A |
N/A |
Annual Portfolio Operating Expenses (expenses that you pay each year
as a percentage of the value of your investment) | |||
|
Actual |
Pro Forma | |
|
Target Portfolio |
Acquiring Portfolio |
Acquiring Portfolio
(assuming merger with
Target Portfolio) |
Management Fees |
0.60% |
0.57% |
0.57% |
Other Expenses |
0.35% |
0.06% |
0.06% |
Total Annual Portfolio Operating Expenses |
0.95% |
0.63% |
0.63% |
Less Fee Waivers and/or Expense Reimbursements(1) |
0.05% |
None |
None |
Total Annual Portfolio Operating Expenses After Fee Waivers and/or Expense Reimbursements |
0.90% |
0.63% |
0.63% |
|
Actual |
Pro Forma | |
|
Target Portfolio |
Acquiring Portfolio |
Acquiring Portfolio
(assuming merger with the
Target Portfolio) |
One Year |
$92 |
$64 |
$64 |
Three Years |
$298 |
$202 |
$202 |
Five Years |
$521 |
$351 |
$351 |
Ten Years |
$1,162 |
$786 |
$786 |
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Actual |
Pro Forma | |
|
Target Portfolio |
Acquiring Portfolio |
Acquiring Portfolio
(assuming merger with the
Target Portfolio) |
Net Assets |
$51,018,024 |
$1,583,843,774 |
$1,634,861,797 |
Net Asset Value Per Share |
$13.65 |
$14.42 |
$14.42 |
Shares Outstanding |
3,736,859 |
109,867,873 |
113,406,884 |
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Target Portfolio | ||
1 Year |
5 Years |
Since Inception
4/28/2017 | |
Portfolio (before taxes) |
8.06% |
7.58% |
6.69% |
MSCI World Minimum Volatility Index – USD Net Returns (reflects no deduction for fees, expenses or taxes) |
7.42% |
6.95% |
6.35% |
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Acquiring Portfolio | ||
1 Year |
5 Years |
10 Years | |
Portfolio (before taxes) |
22.03% |
11.07% |
7.95% |
MSCI All Country World Index – USD Net Returns (reflects no deduction for fees, expenses or taxes) |
22.20% |
11.72% |
7.93% |
Shareholder |
Shares Outstanding |
Approximate Percentage of Ownership |
Thrivent Financial for Lutherans |
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Shareholder |
Shares Outstanding |
Approximate Percentage of Ownership |
Thrivent Financial for Lutherans |
[ ] |
[ ] |
[ ] |
[ ] |
[ ] |
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Page |
Proposed Reorganization |
3 |
Additional Information About the Portfolios |
3 |
Supplemental Financial Information |
3 |
Appendix A – Schedule of Surrender Charges |
4 |
Contract Year: |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
Surrender Charge: |
7% |
7% |
6% |
5% |
4% |
3% |
2% |
Contract Year: |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
Surrender Charge: |
7% |
6% |
5% |
4% |
3% |
2% |
1% |
Contract Year: |
1 |
2 |
3 |
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Surrender Charge: |
2% |
1% |
1% |
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Contract Year: |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
Surrender Charge: |
7% |
6% |
5% |
4% |
3% |
2% |
1% |
Contract Year: |
1 |
2 |
3 |
4 |
5 |
6 |
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Surrender Charge: |
6% |
5% |
4% |
3% |
2% |
1% |
|
Contract Year: |
1 |
2 |
3 |
4 |
5 |
6 |
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Surrender Charge: |
6% |
5% |
4% |
3% |
2% |
1% |
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1.1 |
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1.2 |
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1.3 |
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1.4 |
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1.5 |
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2 |
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3 |
Not Applicable. |
4 |
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5 |
Not Applicable. |
6.19 |
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6.20 |
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6.21 |
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6.22 |
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6.23 |
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6.24 |
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7.1 |
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7.2 |
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7.3 |
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7.4 |
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7.5 |
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8 |
Not Applicable. |
9.1 |
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9.2 |
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9.3 |
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9.4 |
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10 |
Not Applicable. |
11 |
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12 |
Opinion of counsel as to tax matters and consequences to shareholders, to be filed by a post-effective
amendment. |
13.1 |
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13.2 |
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13.3 |
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13.4 |
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13.5 |
13.6 |
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13.7 |
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13.8 |
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13.9 |
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13.10 |
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13.11 |
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13.12 |
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13.13 |
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13.14 |
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13.15 |
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13.16 |
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13.17 |
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13.18 |
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13.19 |
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13.20 |
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13.21 |
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13.22 |
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13.23 |
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13.24 |
13.25 |
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13.26 |
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13.27 |
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13.28 |
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13.29 |
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13.30 |
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13.31 |
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13.32 |
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13.33 |
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13.34 |
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14 |
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15 |
Not Applicable. |
16 |
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Thrivent Series Fund, Inc. |
/s/ John D. Jackson |
John D. Jackson Secretary and
Chief Legal Officer |
Signature |
Title |
/s/ Michael W. Kremenak |
|
Michael W. Kremenak |
Director and President (Principal Executive Officer) |
/s/ Sarah L. Bergstrom |
|
Sarah L. Bergstrom |
Treasurer (Principal Financial and Accounting Officer) |
* |
|
Janice B. Case |
Director |
* |
|
Robert J. Chersi |
Director |
* |
|
Arleas Upton Kea |
Director |
* |
|
Paul R. Laubscher |
Director |
* |
|
Robert J. Manilla |
Director |
* |
|
James A. Nussle |
Director |
* |
|
David S. Royal |
Director |
* |
|
James W. Runcie |
Director |
* |
|
Constance L. Souders |
Director |
Dated: March 28, 2024 |
/s/ John D. Jackson |
|
John D. Jackson Attorney-in-Fact |