Diversification of Investments. A Fund’s Collateral Investment Pool is subject to the following diversification limits: Individual Issuer or Sector Acceptable % of Collateral Pool U.S. Government and Agencies 100% Money Market Funds 100% Any one issuer except US government & Agencies 5% Any loan to a non-U.S. government issuer 10% Zero-coupon government issues1 15% Any one corporate sector, except financial sector 25% Corporate financial sector 50% Single repo broker 25% Corporate debt and commercial paper 75% Asset-backed securities 25% Floating rate or variable rate securities 25% Illiquid securities may not exceed 10% of a Fund’s collateral portfolio. Illiquid securities are issues not salable without material impact on sale proceeds.
Appears in 4 contracts
Samples: Novation Agreement (Thrivent Series Fund Inc), Agency Securities Lending Agreement (Thrivent Series Fund Inc), Novation Agreement (Thrivent Mutual Funds)
