Thrivent Series Fund
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SECURITIES AND EXCHANGE COMMISSION FORM N-CSRS Certified semi-annual shareholder report of registered management investment companies filed on Form N-CSR Filing Date: 2007-08-24 | Period of Report: 2007-06-29 SEC Accession No. 0000928816-07-001222 (HTML Version on secdatabase.com) FILER THRIVENT SERIES FUND INC Mailing Address Business Address 625 FOURTH AVE SOUTH 625 FOURTH AVE SOUTH CIK:790166| IRS No.: 000000000 | Fiscal Year End: 1231 MINNEAPOLIS MN 55415 MINNEAPOLIS MN 55415 Type: N-CSRS | Act: 40 | File No.: 811-04603 | Film No.: 071078422 6123407215 Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-CSR CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES Investment Company Act file number: 811- 4603 Thrivent Series Fund, Inc. (Exact name of registrant as specified in charter) 625 Fourth Avenue South Minneapolis, Minnesota 55415 (Address of principal executive offices) (Zip code) David S. Royal, Secretary 625 Fourth Avenue South Minneapolis, Minnesota 55415 (Name and address of agent for service) Registrant's telephone number, including area code: (612) 340-4249 Date of fiscal year end: December 31 Date of reporting period: June 29, 2007 Item 1. Report to Stockholders Table of Contents Presidents Letter 1 Economic and Market Overview 2 Portfolio Perspectives Thrivent Aggressive Allocation Portfolio 4 Thrivent Moderately Aggressive Allocation Portfolio . 6 Thrivent Moderate Allocation Portfolio 8 Thrivent Moderately Conservative Allocation Portfolio 10 Thrivent Technology Portfolio 12 Thrivent Partner Small Cap Growth Portfolio 14 Thrivent Partner Small Cap Value Portfolio 16 Thrivent Small Cap Stock Portfolio 18 Thrivent Small Cap Index Portfolio 20 Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Thrivent Mid Cap Growth Portfolio 22 Thrivent Mid Cap Growth Portfolio II 24 Thrivent Partner Mid Cap Value Portfolio 26 Thrivent Mid Cap Stock Portfolio 28 Thrivent Mid Cap Index Portfolio 30 Thrivent Partner International Stock Portfolio 32 Thrivent Partner All Cap Portfolio 34 Thrivent Large Cap Growth Portfolio 36 Thrivent Large Cap Growth Portfolio II 38 Thrivent Partner Growth Stock Portfolio 40 Thrivent Large Cap Value Portfolio 42 Thrivent Large Cap Stock Portfolio 44 Thrivent Large Cap Index Portfolio 46 Thrivent Real Estate Securities Portfolio 48 Thrivent Balanced Portfolio 50 Thrivent High Yield Portfolio 52 Thrivent Diversified Income Plus Portfolio 54 Thrivent Income Portfolio 56 Thrivent Bond Index Portfolio 58 Thrivent Limited Maturity Bond Portfolio 60 Thrivent Mortgage Securities Portfolio 62 Thrivent Money Market Portfolio 64 Shareholder Expense Example 66 Schedules of Investments Thrivent Aggressive Allocation Portfolio 69 Thrivent Moderately Aggressive Allocation Portfolio . 70 Thrivent Moderate Allocation Portfolio 71 Thrivent Moderately Conservative Allocation Portfolio 72 Thrivent Technology Portfolio 73 Thrivent Partner Small Cap Growth Portfolio 75 Thrivent Partner Small Cap Value Portfolio 78 Thrivent Small Cap Stock Portfolio 81 Thrivent Small Cap Index Portfolio 85 Thrivent Mid Cap Growth Portfolio 94 Thrivent Mid Cap Growth Portfolio II 98 Thrivent Partner Mid Cap Value Portfolio 102 Thrivent Mid Cap Stock Portfolio 105 Thrivent Mid Cap Index Portfolio 108 Thrivent Partner International Stock Portfolio 114 Thrivent Partner All Cap Portfolio 119 Thrivent Large Cap Growth Portfolio 122 Thrivent Large Cap Growth Portfolio II 126 Thrivent Partner Growth Stock Portfolio 130 Thrivent Large Cap Value Portfolio 133 Thrivent Large Cap Stock Portfolio 136 Thrivent Large Cap Index Portfolio 140 Thrivent Real Estate Securities Portfolio 148 Thrivent Balanced Portfolio 151 Thrivent High Yield Portfolio 171 Thrivent Diversified Income Plus Portfolio 179 Thrivent Income Portfolio 190 Thrivent Bond Index Portfolio 199 Thrivent Limited Maturity Bond Portfolio 211 Thrivent Mortgage Securities Portfolio 220 Thrivent Money Market Portfolio 223 Statement of Assets and Liabilities 228 Statement of Operations 234 Statement of Changes in Net Assets 240 Notes to Financial Statements 246 Financial Highlights Thrivent Aggressive Allocation Portfolio 264 Thrivent Moderately Aggressive Allocation Portfolio . 264 Thrivent Moderate Allocation Portfolio 264 Thrivent Moderately Conservative Allocation Portfolio 264 Thrivent Technology Portfolio 264 Thrivent Partner Small Cap Growth Portfolio 264 Thrivent Partner Small Cap Value Portfolio 264 Thrivent Small Cap Stock Portfolio 266 Thrivent Small Cap Index Portfolio 266 Thrivent Mid Cap Growth Portfolio 266 Thrivent Mid Cap Growth Portfolio II 266 Thrivent Partner Mid Cap Value Portfolio 266 Thrivent Mid Cap Stock Portfolio 266 Thrivent Mid Cap Index Portfolio 268 Thrivent Partner International Stock Portfolio 268 Thrivent Partner All Cap Portfolio 268 Thrivent Large Cap Growth Portfolio 268 Thrivent Large Cap Growth Portfolio II 268 Thrivent Partner Growth Stock Portfolio 268 Thrivent Large Cap Value Portfolio 270 Thrivent Large Cap Stock Portfolio 270 Thrivent Large Cap Index Portfolio 270 Thrivent Real Estate Securities Portfolio 270 Thrivent Balanced Portfolio 270 Thrivent High Yield Portfolio 270 Thrivent Diversified Income Plus Portfolio 272 Thrivent Income Portfolio 272 Thrivent Bond Index Portfolio 272 Thrivent Limited Maturity Bond Portfolio 272 Thrivent Mortgage Securities Portfolio 272 Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Thrivent Money Market Portfolio 272 Additional Information 274 Supplements to the Prospectus 275 Dear Member: We are pleased to provide you with the semiannual report for the six months ended June 29, 2007, for the Thrivent Series Fund, Inc. In this report, you will find detailed information about each of the Thrivent Series Fund, Inc. portfolios, including performance highlights, overall market conditions and management strategies during the six-month period. In addition, Thrivent Financials Chief Investment Officer Russ Swansen reviews the larger economic environment in his Economic and Market Review. The six-month period proved a rewarding one. Bolstered by relatively low interest rates, stronger than expected corporate profits and surging economic growth overseas, stocks both domestic and international posted excellent results. Bonds garnered more modest returns consistent with their lower risk profiles but still performed well. But within the larger story of strong market performance is a sub-plot involving changing leadership among asset classes. For example, for the first time in many years, large-company stocks appear to be wrestling leadership from smaller-company stocks. Also, real estate equities, after spectacular performance for several years, appear to be cooling. How can a busy person keep up with all these financial market moving parts so that his or her portfolio is well positioned? The Thrivent Investment Strategy Committee can help you achieve this goal with its ongoing asset allocation strategies that are embedded in the Thrivent Asset Allocation Portfolios and Thrivents tactical model portfolios called Tilts. We aim for simple, honest, transparent investment guidance to help you better navigate ever-changing markets and reach your most important financial goals. Good advice, a well thought out long-term plan and a disciplined approach can make all the difference. Be sure to contact your Thrivent Financial representative if you have any questions or concerns with your overall portfolio or your insurance needs. Supporting your most important financial goal: The future Whether saving for retirement or structuring accumulated assets for income generation, proper advice and guidance for this important goal is critical. At Thrivent Financial for Lutherans, we seek to provide you, the member, with the financial confidence and security you need to live the life you want. Our asset management capabilities position us well to structure and monitor an investment course that can help you reach your goals. Whether you seek an aggressive approach for long-term growth or a conservative plan for near-term income, Thrivent Financial has the resources to help. Relevant, honest financial advice with the products and services that can help you achieve what youve worked so hard for thats our goal. A strategy that fits your needs We have the investment solutions and a money management philosophy uniquely tailored to support our members. Critical among these solutions is our strong belief in asset allocation and overall portfolio balance. Studies have shown that strategic asset allocation (the mix of investments in an overall portfolio) can be the major determinant of how well your assets will fare over the long term. Furthermore, success in managing assets or making retirement assets last longer is often dependent on achieving growth by investing in stocks. A sound asset allocation strategy can reduce the risk of volatile stocks by diversifying among different types of stocks (large and small, international and domestic, value style and growth style, etc.) as well as bonds and real estate securities. Consider the following: Thrivent Financial associates are equipped with leading-edge tools and advice to build and support ongoing asset allocation strategies. Each portfolio is strictly managed to its individual investment