Since their launch on June 30, 2005, Thrivent Asset Allocation Funds have delivered long-term results—navigating both bull and bear markets with discipline and resilience. Built to help financial professionals and their clients pursue long-term goals, these funds are designed with strategic asset allocation at their core. The Funds originally launched with four flagship products and two new asset allocation products were added in 2025.
We're celebrating 20 years of strong fund performance, innovation, and growth for the flagship products. The suite of Funds has now grown to more than $13.4 billion in assets under management as of March 31, 2025.
A legacy of leadership and innovation
From the beginning, Thrivent Asset Allocation Funds have been guided by experienced portfolio managers and a commitment to evolving with the markets. Here’s a look at key milestones:
Timeline of excellence
2005
2009
- The Funds moved away from a fund-of-funds structure to a more flexible structure allowing for sleeves, core funds, and derivatives.
2015
2016-2019
- In 2016, I-share class funds reclassified as S-share class funds.
- Fund leadership changed with Steve Lowe, David Royal and David Spangler joining as portfolio managers.
2024
- Certain funds began making a small allocation to private equity as an asset class, with the objective of providing enhanced diversification and the potential for better returns.
2025
- Thrivent Conservative Allocation Fund and Thrivent Dynamic Allocation Fund were added to the line up.
- Thrivent Asset Allocation Funds celebrate their 20-year anniversary achieving $13.4B in AUM.
Built for today’s financial professionals
Thrivent Asset Allocation Funds are designed to support financial professionals by offering:
- Strategic diversification across asset classes
- Active management by seasoned investment professionals
- A sophisticated solution for your clients, reducing portfolio management lift for financial professionals
- Resilience through market volatility
- Access to Thrivent’s family of funds
Whether you're helping clients plan for retirement, manage risk, or grow wealth, our asset allocation funds offer a time-tested solution backed by two decades of results.
Explore the Funds
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