Thrivent Mutual Funds

Designed for various objectives within an investor's portfolio, our actively managed funds make it easy to choose the ones that align with your clients’ goals. Our mutual funds are now available on NFS, Schwab, Pershing and TD Ameritrade platforms.

Select a fund type:

Performance

Performance as of 04/30/2021

Fund Name	YTD Return	1 Year	3 Year	5 Year	10 Year	Since Inception	Date of Inception	Max Sales Charge	Gross Expense Ratio	Net Expense Ratio
Thrivent Aggressive Allocation Fund¹	5.07%	41.40%	11.89%	13.42%	9.46%	8.18%	06/30/2005	4.50%⁴	1.40%	1.20%
YTD Return 5.07% 1 Year 41.40% 3 Year 11.89% 5 Year 13.42% 10 Year 9.46% Since Inception 8.18% Date of Inception 06/30/2005 Max Sales Charge 4.50%⁴ Gross Expense Ratio 1.40% Net Expense Ratio 1.20%
Thrivent Moderately Aggressive Allocation Fund¹	2.51%	28.86%	9.90%	10.86%	8.12%	7.29%	06/30/2005	4.50%⁴	1.33%	1.11%
YTD Return 2.51% 1 Year 28.86% 3 Year 9.90% 5 Year 10.86% 10 Year 8.12% Since Inception 7.29% Date of Inception 06/30/2005 Max Sales Charge 4.50%⁴ Gross Expense Ratio 1.33% Net Expense Ratio 1.11%
Thrivent Moderate Allocation Fund¹	0.44%	21.28%	8.75%	8.84%	6.86%	6.51%	06/30/2005	4.50%⁴	1.22%	1.04%
YTD Return 0.44% 1 Year 21.28% 3 Year 8.75% 5 Year 8.84% 10 Year 6.86% Since Inception 6.51% Date of Inception 06/30/2005 Max Sales Charge 4.50%⁴ Gross Expense Ratio 1.22% Net Expense Ratio 1.04%
Thrivent Moderately Conservative Allocation Fund¹	-2.25%	11.22%	6.32%	6.14%	5.10%	5.25%	06/30/2005	4.50%⁴	1.16%	1.02%
YTD Return -2.25% 1 Year 11.22% 3 Year 6.32% 5 Year 6.14% 10 Year 5.10% Since Inception 5.25% Date of Inception 06/30/2005 Max Sales Charge 4.50%⁴ Gross Expense Ratio 1.16% Net Expense Ratio 1.02%
Thrivent Balanced Income Plus Fund¹	1.36%	24.16%	6.79%	7.24%	6.43%	5.76%	12/29/1997	4.50%⁴	1.05%	1.05%
YTD Return 1.36% 1 Year 24.16% 3 Year 6.79% 5 Year 7.24% 10 Year 6.43% Since Inception 5.76% Date of Inception 12/29/1997 Max Sales Charge 4.50%⁴ Gross Expense Ratio 1.05% Net Expense Ratio 1.05%
Thrivent Diversified Income Plus Fund	-1.49%	13.88%	4.80%	5.57%	5.27%	4.99%	01/08/1997	4.50%	0.96%	0.96%
YTD Return -1.49% 1 Year 13.88% 3 Year 4.80% 5 Year 5.57% 10 Year 5.27% Since Inception 4.99% Date of Inception 01/08/1997 Max Sales Charge 4.50% Gross Expense Ratio 0.96% Net Expense Ratio 0.96%
Thrivent Opportunity Income Plus Fund²	-4.38%	4.95%	2.13%	2.86%	2.92%	5.18%	07/16/1987	4.50%	0.91%	0.91%
YTD Return -4.38% 1 Year 4.95% 3 Year 2.13% 5 Year 2.86% 10 Year 2.92% Since Inception 5.18% Date of Inception 07/16/1987 Max Sales Charge 4.50% Gross Expense Ratio 0.91% Net Expense Ratio 0.91%
Thrivent Global Stock Fund	5.54%	41.24%	9.75%	11.67%	9.16%	8.12%	07/16/1987	4.50%⁴	1.02%	1.02%
YTD Return 5.54% 1 Year 41.24% 3 Year 9.75% 5 Year 11.67% 10 Year 9.16% Since Inception 8.12% Date of Inception 07/16/1987 Max Sales Charge 4.50%⁴ Gross Expense Ratio 1.02% Net Expense Ratio 1.02%
Thrivent International Allocation Fund²	2.69%	33.52%	2.21%	6.06%	3.64%	2.76%	02/29/2008	4.50%⁴	1.38%	1.20%
YTD Return 2.69% 1 Year 33.52% 3 Year 2.21% 5 Year 6.06% 10 Year 3.64% Since Inception 2.76% Date of Inception 02/29/2008 Max Sales Charge 4.50%⁴ Gross Expense Ratio 1.38% Net Expense Ratio 1.20%
Thrivent Large Cap Growth Fund²	3.74%	44.17%	22.79%	21.41%	15.28%	6.28%	10/29/1999	4.50%⁴	1.12%	1.08%
YTD Return 3.74% 1 Year 44.17% 3 Year 22.79% 5 Year 21.41% 10 Year 15.28% Since Inception 6.28% Date of Inception 10/29/1999 Max Sales Charge 4.50%⁴ Gross Expense Ratio 1.12% Net Expense Ratio 1.08%
Thrivent Large Cap Value Fund	13.13%	46.44%	10.34%	12.16%	10.11%	6.02%	10/29/1999	4.50%⁴	0.91%	0.91%
YTD Return 13.13% 1 Year 46.44% 3 Year 10.34% 5 Year 12.16% 10 Year 10.11% Since Inception 6.02% Date of Inception 10/29/1999 Max Sales Charge 4.50%⁴ Gross Expense Ratio 0.91% Net Expense Ratio 0.91%
Thrivent Mid Cap Stock Fund	11.42%	66.18%	15.00%	17.26%	12.73%	10.43%	06/30/1993	4.50%⁴	1.04%	1.04%
YTD Return 11.42% 1 Year 66.18% 3 Year 15.00% 5 Year 17.26% 10 Year 12.73% Since Inception 10.43% Date of Inception 06/30/1993 Max Sales Charge 4.50%⁴ Gross Expense Ratio 1.04% Net Expense Ratio 1.04%
Thrivent Small Cap Stock Fund	14.01%	76.17%	16.29%	18.91%	11.79%	9.73%	07/01/1996	4.50%⁴	1.15%	1.15%
YTD Return 14.01% 1 Year 76.17% 3 Year 16.29% 5 Year 18.91% 10 Year 11.79% Since Inception 9.73% Date of Inception 07/01/1996 Max Sales Charge 4.50%⁴ Gross Expense Ratio 1.15% Net Expense Ratio 1.15%
Thrivent Government Bond Fund²	-4.12%	-4.11%	3.32%	1.76%	2.25%	2.47%	02/26/2010	2.00%	1.08%	0.85%
YTD Return -4.12% 1 Year -4.11% 3 Year 3.32% 5 Year 1.76% 10 Year 2.25% Since Inception 2.47% Date of Inception 02/26/2010 Max Sales Charge 2.00% Gross Expense Ratio 1.08% Net Expense Ratio 0.85%
Thrivent High Yield Fund	-3.28%	11.18%	3.21%	4.48%	4.67%	6.20%	04/03/1987	4.50%	0.80%	0.80%
YTD Return -3.28% 1 Year 11.18% 3 Year 3.21% 5 Year 4.48% 10 Year 4.67% Since Inception 6.20% Date of Inception 04/03/1987 Max Sales Charge 4.50% Gross Expense Ratio 0.80% Net Expense Ratio 0.80%
Thrivent Income Fund	-7.20%	1.76%	5.47%	4.13%	4.28%	6.83%	06/01/1972	4.50%	0.76%	0.76%
YTD Return -7.20% 1 Year 1.76% 3 Year 5.47% 5 Year 4.13% 10 Year 4.28% Since Inception 6.83% Date of Inception 06/01/1972 Max Sales Charge 4.50% Gross Expense Ratio 0.76% Net Expense Ratio 0.76%
Thrivent Limited Maturity Bond Fund	0.13%	4.84%	3.13%	2.52%	1.92%	3.16%	10/29/1999	N/A	0.60%	0.60%
YTD Return 0.13% 1 Year 4.84% 3 Year 3.13% 5 Year 2.52% 10 Year 1.92% Since Inception 3.16% Date of Inception 10/29/1999 Max Sales Charge N/A Gross Expense Ratio 0.60% Net Expense Ratio 0.60%
Thrivent Money Market Fund²	0.00%	0.00%	1.04%	0.71%	0.35%	2.69%	03/10/1988	N/A	0.61%	0.46%
YTD Return 0.00% 1 Year 0.00% 3 Year 1.04% 5 Year 0.71% 10 Year 0.35% Since Inception 2.69% Date of Inception 03/10/1988 Max Sales Charge N/A Gross Expense Ratio 0.61% Net Expense Ratio 0.46%
Thrivent Municipal Bond Fund	-3.97%	3.79%	3.16%	1.98%	3.65%	5.38%	12/03/1976	4.50%	0.74%	0.74%
YTD Return -3.97% 1 Year 3.79% 3 Year 3.16% 5 Year 1.98% 10 Year 3.65% Since Inception 5.38% Date of Inception 12/03/1976 Max Sales Charge 4.50% Gross Expense Ratio 0.74% Net Expense Ratio 0.74%
Money Market 7-Day Current Yield With Reimbursement³ : 0.00%
Money Market 7-Day Current Yield Without Reimbursement³ : -0.52%

All returns represent past performance. Past performance does not guarantee future results. The value of an investment fluctuates so that shares, when redeemed, may be worth more or less than the original investment. Current performance may be lower or higher than the performance data quoted. Call 800-847-4836 or visit ThriventFunds.com for performance results current to the most recent month-end. When calling, say "ThriventFunds.com" for faster service.

You could lose money by investing in Thrivent Money Market Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

¹The Adviser has contractually agreed, for as long as the current fee structure is in place, to waive certain investment advisory fees associated with the Fund. Refer to the expense table in the Fund’s prospectus.

²The Adviser has contractually agreed, for a period of one year from the date of the most recent prospectus, to waive certain fees and/or reimburse certain expenses associated with the Fund. Refer to the Fees & Expenses table in the Fund’s prospectus. If this waiver had not been in effect, performance would have been lower.

³The yield quotation more closely reflects the current earnings of the Thrivent Money Market Fund than the total return quotation. The 7-Day Yield Without Reimbursement is the yield without any fee reimbursements applied.

⁴Performance shown reflects the current maximum sales charge of 4.5%. Prior to February 29, 2016, the maximum sales charge was 5.5%; however, the prior rate is not reflected for periods that began prior to that date.

Fund Name	YTD Return	1 Year	3 Year	5 Year	10 Year	Since Inception	Date of Inception	Gross Expense Ratio	Net Expense Ratio
Thrivent Aggressive Allocation Fund¹	10.04%	48.04%	13.61%	14.47%	9.97%	8.49%	06/30/2005	1.40%	1.20%
YTD Return 10.04% 1 Year 48.04% 3 Year 13.61% 5 Year 14.47% 10 Year 9.97% Since Inception 8.49% Date of Inception 06/30/2005 Gross Expense Ratio 1.40% Net Expense Ratio 1.20%
Thrivent Moderately Aggressive Allocation Fund¹	7.33%	34.94%	11.60%	11.89%	8.62%	7.60%	06/30/2005	1.33%	1.11%
YTD Return 7.33% 1 Year 34.94% 3 Year 11.60% 5 Year 11.89% 10 Year 8.62% Since Inception 7.60% Date of Inception 06/30/2005 Gross Expense Ratio 1.33% Net Expense Ratio 1.11%
Thrivent Moderate Allocation Fund¹	5.18%	27.01%	10.43%	9.84%	7.35%	6.82%	06/30/2005	1.22%	1.04%
YTD Return 5.18% 1 Year 27.01% 3 Year 10.43% 5 Year 9.84% 10 Year 7.35% Since Inception 6.82% Date of Inception 06/30/2005 Gross Expense Ratio 1.22% Net Expense Ratio 1.04%
Thrivent Moderately Conservative Allocation Fund¹	2.34%	16.49%	7.95%	7.12%	5.58%	5.56%	06/30/2005	1.16%	1.02%
YTD Return 2.34% 1 Year 16.49% 3 Year 7.95% 5 Year 7.12% 10 Year 5.58% Since Inception 5.56% Date of Inception 06/30/2005 Gross Expense Ratio 1.16% Net Expense Ratio 1.02%
Thrivent Balanced Income Plus Fund	6.16%	29.96%	8.43%	8.24%	6.92%	5.97%	12/29/1997	1.05%	1.05%
YTD Return 6.16% 1 Year 29.96% 3 Year 8.43% 5 Year 8.24% 10 Year 6.92% Since Inception 5.97% Date of Inception 12/29/1997 Gross Expense Ratio 1.05% Net Expense Ratio 1.05%
Thrivent Diversified Income Plus Fund	3.11%	19.25%	6.45%	6.54%	5.76%	5.19%	01/08/1997	0.96%	0.96%
YTD Return 3.11% 1 Year 19.25% 3 Year 6.45% 5 Year 6.54% 10 Year 5.76% Since Inception 5.19% Date of Inception 01/08/1997 Gross Expense Ratio 0.96% Net Expense Ratio 0.96%
Thrivent Opportunity Income Plus Fund²	0.10%	9.91%	3.72%	3.81%	3.40%	5.32%	07/16/1987	0.91%	0.91%
YTD Return 0.10% 1 Year 9.91% 3 Year 3.72% 5 Year 3.81% 10 Year 3.40% Since Inception 5.32% Date of Inception 07/16/1987 Gross Expense Ratio 0.91% Net Expense Ratio 0.91%
Thrivent Global Stock Fund	10.49%	47.90%	11.45%	12.71%	9.67%	8.26%	07/16/1987	1.02%	1.02%
YTD Return 10.49% 1 Year 47.90% 3 Year 11.45% 5 Year 12.71% 10 Year 9.67% Since Inception 8.26% Date of Inception 07/16/1987 Gross Expense Ratio 1.02% Net Expense Ratio 1.02%
Thrivent International Allocation Fund²	7.50%	39.79%	3.80%	7.04%	4.11%	3.12%	02/29/2008	1.38%	1.20%
YTD Return 7.50% 1 Year 39.79% 3 Year 3.80% 5 Year 7.04% 10 Year 4.11% Since Inception 3.12% Date of Inception 02/29/2008 Gross Expense Ratio 1.38% Net Expense Ratio 1.20%
Thrivent Large Cap Growth Fund²	8.62%	50.95%	24.67%	22.53%	15.82%	6.50%	10/29/1999	1.12%	1.08%
YTD Return 8.62% 1 Year 50.95% 3 Year 24.67% 5 Year 22.53% 10 Year 15.82% Since Inception 6.50% Date of Inception 10/29/1999 Gross Expense Ratio 1.12% Net Expense Ratio 1.08%
Thrivent Large Cap Value Fund	18.48%	53.32%	12.05%	13.20%	10.62%	6.25%	10/29/1999	0.91%	0.91%
YTD Return 18.48% 1 Year 53.32% 3 Year 12.05% 5 Year 13.20% 10 Year 10.62% Since Inception 6.25% Date of Inception 10/29/1999 Gross Expense Ratio 0.91% Net Expense Ratio 0.91%
Thrivent Mid Cap Stock Fund	16.68%	74.05%	16.77%	18.34%	13.25%	10.61%	06/30/1993	1.04%	1.04%
YTD Return 16.68% 1 Year 74.05% 3 Year 16.77% 5 Year 18.34% 10 Year 13.25% Since Inception 10.61% Date of Inception 06/30/1993 Gross Expense Ratio 1.04% Net Expense Ratio 1.04%
Thrivent Small Cap Stock Fund	19.40%	84.43%	18.10%	20.01%	12.31%	9.94%	07/01/1996	1.15%	1.15%
YTD Return 19.40% 1 Year 84.43% 3 Year 18.10% 5 Year 20.01% 10 Year 12.31% Since Inception 9.94% Date of Inception 07/01/1996 Gross Expense Ratio 1.15% Net Expense Ratio 1.15%
Thrivent Government Bond Fund²	-2.18%	-2.12%	4.03%	2.18%	2.45%	2.65%	02/26/2010	1.08%	0.85%
YTD Return -2.18% 1 Year -2.12% 3 Year 4.03% 5 Year 2.18% 10 Year 2.45% Since Inception 2.65% Date of Inception 02/26/2010 Gross Expense Ratio 1.08% Net Expense Ratio 0.85%
Thrivent High Yield Fund	1.26%	16.46%	4.78%	5.45%	5.14%	6.34%	04/03/1987	0.80%	0.80%
YTD Return 1.26% 1 Year 16.46% 3 Year 4.78% 5 Year 5.45% 10 Year 5.14% Since Inception 6.34% Date of Inception 04/03/1987 Gross Expense Ratio 0.80% Net Expense Ratio 0.80%
Thrivent Income Fund	-2.87%	6.54%	7.10%	5.09%	4.76%	6.93%	06/01/1972	0.76%	0.76%
YTD Return -2.87% 1 Year 6.54% 3 Year 7.10% 5 Year 5.09% 10 Year 4.76% Since Inception 6.93% Date of Inception 06/01/1972 Gross Expense Ratio 0.76% Net Expense Ratio 0.76%
Thrivent Limited Maturity Bond Fund	0.13%	4.84%	3.13%	2.52%	1.92%	3.16%	10/29/1999	0.60%	0.60%
YTD Return 0.13% 1 Year 4.84% 3 Year 3.13% 5 Year 2.52% 10 Year 1.92% Since Inception 3.16% Date of Inception 10/29/1999 Gross Expense Ratio 0.60% Net Expense Ratio 0.60%
Thrivent Money Market Fund²	0.00%	0.00%	1.04%	0.71%	0.35%	2.69%	03/10/1988	0.61%	0.46%
YTD Return 0.00% 1 Year 0.00% 3 Year 1.04% 5 Year 0.71% 10 Year 0.35% Since Inception 2.69% Date of Inception 03/10/1988 Gross Expense Ratio 0.61% Net Expense Ratio 0.46%
Thrivent Municipal Bond Fund	0.56%	8.70%	4.75%	2.93%	4.12%	5.49%	12/03/1976	0.74%	0.74%
YTD Return 0.56% 1 Year 8.70% 3 Year 4.75% 5 Year 2.93% 10 Year 4.12% Since Inception 5.49% Date of Inception 12/03/1976 Gross Expense Ratio 0.74% Net Expense Ratio 0.74%
Money Market 7-Day Current Yield With Reimbursement³ : 0.00%
Money Market 7-Day Current Yield Without Reimbursement³ : -0.52%

All returns represent past performance. Past performance does not guarantee future results. The value of an investment fluctuates so that shares, when redeemed, may be worth more or less than the original investment. Current performance may be lower or higher than the performance data quoted. Call 800-847-4836 or visit ThriventFunds.com for performance results current to the most recent month-end. When calling, say "ThriventFunds.com" for faster service.

The performance data shown does not reflect the deduction of the sales charge. The current maximum sales charge is 4.5%, except for Thrivent Government Bond Fund which has a max sales charge of 2.0% and the Thrivent Money Market Fund and Thrivent Limited Maturity Bond Fund which has no sales charge. If reflected, the sales charge would reduce the performance quoted.

You could lose money by investing in Thrivent Money Market Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

¹The Adviser has contractually agreed, for as long as the current fee structure is in place, to waive certain investment advisory fees associated with the Fund. Refer to the expense table in the Fund’s prospectus.

²The Adviser has contractually agreed, for a period of one year from the date of the most recent prospectus, to waive certain fees and/or reimburse certain expenses associated with the Fund. Refer to the Fees & Expenses table in the Fund’s prospectus. If this waiver had not been in effect, performance would have been lower.

³The yield quotation more closely reflects the current earnings of the Thrivent Money Market Fund than the total return quotation. The 7-Day Yield Without Reimbursement is the yield without any fee reimbursements applied.

Fund Name	YTD Return	1 Year	3 Year	5 Year	10 Year	Since Inception	Date of Inception	Max Sales Charge	Gross Expense Ratio	Net Expense Ratio
Thrivent Aggressive Allocation Fund¹	0.16%	49.01%	10.48%	12.67%	9.29%	7.89%	06/30/2005	4.50%⁴	1.40%	1.20%
YTD Return 0.16% 1 Year 49.01% 3 Year 10.48% 5 Year 12.67% 10 Year 9.29% Since Inception 7.89% Date of Inception 06/30/2005 Max Sales Charge 4.50%⁴ Gross Expense Ratio 1.40% Net Expense Ratio 1.20%
Thrivent Moderately Aggressive Allocation Fund¹	-1.58%	34.31%	8.72%	10.28%	7.99%	7.05%	06/30/2005	4.50%⁴	1.33%	1.11%
YTD Return -1.58% 1 Year 34.31% 3 Year 8.72% 5 Year 10.28% 10 Year 7.99% Since Inception 7.05% Date of Inception 06/30/2005 Max Sales Charge 4.50%⁴ Gross Expense Ratio 1.33% Net Expense Ratio 1.11%
Thrivent Moderate Allocation Fund¹	-2.88%	25.59%	7.69%	8.36%	6.74%	6.31%	06/30/2005	4.50%⁴	1.22%	1.04%
YTD Return -2.88% 1 Year 25.59% 3 Year 7.69% 5 Year 8.36% 10 Year 6.74% Since Inception 6.31% Date of Inception 06/30/2005 Max Sales Charge 4.50%⁴ Gross Expense Ratio 1.22% Net Expense Ratio 1.04%
Thrivent Moderately Conservative Allocation Fund¹	-4.49%	14.19%	5.53%	5.86%	5.05%	5.13%	06/30/2005	4.50%⁴	1.16%	1.02%
YTD Return -4.49% 1 Year 14.19% 3 Year 5.53% 5 Year 5.86% 10 Year 5.05% Since Inception 5.13% Date of Inception 06/30/2005 Max Sales Charge 4.50%⁴ Gross Expense Ratio 1.16% Net Expense Ratio 1.02%
Thrivent Balanced Income Plus Fund	-1.60%	29.07%	5.97%	6.81%	6.45%	5.65%	12/29/1997	4.50%⁴	1.05%	1.05%
YTD Return -1.60% 1 Year 29.07% 3 Year 5.97% 5 Year 6.81% 10 Year 6.45% Since Inception 5.65% Date of Inception 12/29/1997 Max Sales Charge 4.50%⁴ Gross Expense Ratio 1.05% Net Expense Ratio 1.05%
Thrivent Diversified Income Plus Fund	-3.13%	17.19%	4.42%	5.45%	5.27%	4.94%	01/08/1997	4.50%	0.96%	0.96%
YTD Return -3.13% 1 Year 17.19% 3 Year 4.42% 5 Year 5.45% 10 Year 5.27% Since Inception 4.94% Date of Inception 01/08/1997 Max Sales Charge 4.50% Gross Expense Ratio 0.96% Net Expense Ratio 0.96%
Thrivent Opportunity Income Plus Fund²	-5.24%	6.66%	1.80%	2.93%	2.95%	5.16%	07/16/1987	4.50%	0.91%	0.91%
YTD Return -5.24% 1 Year 6.66% 3 Year 1.80% 5 Year 2.93% 10 Year 2.95% Since Inception 5.16% Date of Inception 07/16/1987 Max Sales Charge 4.50% Gross Expense Ratio 0.91% Net Expense Ratio 0.91%
Thrivent Global Stock Fund	0.60%	49.30%	8.84%	10.77%	8.92%	7.98%	07/16/1987	4.50%⁴	1.02%	1.02%
YTD Return 0.60% 1 Year 49.30% 3 Year 8.84% 5 Year 10.77% 10 Year 8.92% Since Inception 7.98% Date of Inception 07/16/1987 Max Sales Charge 4.50%⁴ Gross Expense Ratio 1.02% Net Expense Ratio 1.02%
Thrivent International Allocation Fund²	-0.54%	38.06%	1.47%	5.71%	3.83%	2.53%	02/29/2008	4.50%⁴	1.38%	1.20%
YTD Return -0.54% 1 Year 38.06% 3 Year 1.47% 5 Year 5.71% 10 Year 3.83% Since Inception 2.53% Date of Inception 02/29/2008 Max Sales Charge 4.50%⁴ Gross Expense Ratio 1.38% Net Expense Ratio 1.20%
Thrivent Large Cap Growth Fund²	-3.37%	54.93%	20.80%	19.13%	14.77%	5.95%	10/29/1999	4.50%⁴	1.12%	1.08%
YTD Return -3.37% 1 Year 54.93% 3 Year 20.80% 5 Year 19.13% 10 Year 14.77% Since Inception 5.95% Date of Inception 10/29/1999 Max Sales Charge 4.50%⁴ Gross Expense Ratio 1.12% Net Expense Ratio 1.08%
Thrivent Large Cap Value Fund	8.45%	56.91%	9.48%	11.75%	9.90%	5.83%	10/29/1999	4.50%⁴	0.91%	0.91%
YTD Return 8.45% 1 Year 56.91% 3 Year 9.48% 5 Year 11.75% 10 Year 9.90% Since Inception 5.83% Date of Inception 10/29/1999 Max Sales Charge 4.50%⁴ Gross Expense Ratio 0.91% Net Expense Ratio 0.91%
Thrivent Mid Cap Stock Fund	4.44%	77.44%	12.53%	16.35%	12.20%	10.21%	06/30/1993	4.50%⁴	1.04%	1.04%
YTD Return 4.44% 1 Year 77.44% 3 Year 12.53% 5 Year 16.35% 10 Year 12.20% Since Inception 10.21% Date of Inception 06/30/1993 Max Sales Charge 4.50%⁴ Gross Expense Ratio 1.04% Net Expense Ratio 1.04%
Thrivent Small Cap Stock Fund	8.86%	90.81%	15.09%	18.15%	11.59%	9.56%	07/01/1996	4.50%⁴	1.15%	1.15%
YTD Return 8.86% 1 Year 90.81% 3 Year 15.09% 5 Year 18.15% 10 Year 11.59% Since Inception 9.56% Date of Inception 07/01/1996 Max Sales Charge 4.50%⁴ Gross Expense Ratio 1.15% Net Expense Ratio 1.15%
Thrivent Government Bond Fund²	-4.85%	-4.27%	2.85%	1.60%	2.30%	2.42%	02/26/2010	4.50%	1.08%	0.85%
YTD Return -4.85% 1 Year -4.27% 3 Year 2.85% 5 Year 1.60% 10 Year 2.30% Since Inception 2.42% Date of Inception 02/26/2010 Max Sales Charge 4.50% Gross Expense Ratio 1.08% Net Expense Ratio 0.85%
Thrivent High Yield Fund	-4.04%	14.18%	3.17%	4.92%	4.75%	6.19%	04/03/1987	4.50%	0.80%	0.80%
YTD Return -4.04% 1 Year 14.18% 3 Year 3.17% 5 Year 4.92% 10 Year 4.75% Since Inception 6.19% Date of Inception 04/03/1987 Max Sales Charge 4.50% Gross Expense Ratio 0.80% Net Expense Ratio 0.80%
Thrivent Income Fund	-8.25%	5.34%	4.84%	4.19%	4.32%	6.82%	06/01/1972	4.50%	0.76%	0.76%
YTD Return -8.25% 1 Year 5.34% 3 Year 4.84% 5 Year 4.19% 10 Year 4.32% Since Inception 6.82% Date of Inception 06/01/1972 Max Sales Charge 4.50% Gross Expense Ratio 0.76% Net Expense Ratio 0.76%
Thrivent Limited Maturity Bond Fund	-0.14%	6.66%	3.09%	2.56%	1.96%	3.16%	10/29/1999	N/A	0.60%	0.60%
YTD Return -0.14% 1 Year 6.66% 3 Year 3.09% 5 Year 2.56% 10 Year 1.96% Since Inception 3.16% Date of Inception 10/29/1999 Max Sales Charge N/A Gross Expense Ratio 0.60% Net Expense Ratio 0.60%
Thrivent Money Market Fund²	0.00%	0.02%	1.07%	0.71%	0.35%	2.70%	03/10/1988	N/A	0.61%	0.46%
YTD Return 0.00% 1 Year 0.02% 3 Year 1.07% 5 Year 0.71% 10 Year 0.35% Since Inception 2.70% Date of Inception 03/10/1988 Max Sales Charge N/A Gross Expense Ratio 0.61% Net Expense Ratio 0.46%
Thrivent Municipal Bond Fund	-4.94%	0.64%	2.68%	1.94%	3.70%	5.37%	12/03/1976	4.50%	0.74%	0.74%
YTD Return -4.94% 1 Year 0.64% 3 Year 2.68% 5 Year 1.94% 10 Year 3.70% Since Inception 5.37% Date of Inception 12/03/1976 Max Sales Charge 4.50% Gross Expense Ratio 0.74% Net Expense Ratio 0.74%
Money Market 7-Day Current Yield With Reimbursement³ : 0.00%
Money Market 7-Day Current Yield Without Reimbursement³ : -0.52%

All returns represent past performance. Past performance does not guarantee future results. The value of an investment fluctuates so that shares, when redeemed, may be worth more or less than the original investment. Current performance may be lower or higher than the performance data quoted. Call 800-847-4836 or visit ThriventFunds.com for performance results current to the most recent month-end. When calling, say "ThriventFunds.com" for faster service.

You could lose money by investing in Thrivent Money Market Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

¹The Adviser has contractually agreed, for as long as the current fee structure is in place, to waive certain investment advisory fees associated with the Fund. Refer to the expense table in the Fund’s prospectus.

²The Adviser has contractually agreed, for a period of one year from the date of the most recent prospectus, to waive certain fees and/or reimburse certain expenses associated with the Fund. Refer to the Fees & Expenses table in the Fund’s prospectus. If this waiver had not been in effect, performance would have been lower.

³The yield quotation more closely reflects the current earnings of the Thrivent Money Market Fund than the total return quotation. The 7-Day Yield Without Reimbursement is the yield without any fee reimbursements applied.

⁴Performance shown reflects the current maximum sales charge of 4.5%. Prior to February 29, 2016, the maximum sales charge was 5.5%; however, the prior rate is not reflected for periods that began prior to that date.

Fund Name	YTD Return	1 Year	3 Year	5 Year	10 Year	Since Inception	Date of Inception	Gross Expense Ratio	Net Expense Ratio
Thrivent Aggressive Allocation Fund¹	4.91%	56.00%	12.18%	13.71%	9.79%	8.21%	06/30/2005	1.40%	1.20%
YTD Return 4.91% 1 Year 56.00% 3 Year 12.18% 5 Year 13.71% 10 Year 9.79% Since Inception 8.21% Date of Inception 06/30/2005 Gross Expense Ratio 1.40% Net Expense Ratio 1.20%
Thrivent Moderately Aggressive Allocation Fund¹	3.05%	40.65%	10.40%	11.30%	8.49%	7.37%	06/30/2005	1.33%	1.11%
YTD Return 3.05% 1 Year 40.65% 3 Year 10.40% 5 Year 11.30% 10 Year 8.49% Since Inception 7.37% Date of Inception 06/30/2005 Gross Expense Ratio 1.33% Net Expense Ratio 1.11%
Thrivent Moderate Allocation Fund¹	1.70%	31.53%	9.36%	9.37%	7.24%	6.62%	06/30/2005	1.22%	1.04%
YTD Return 1.70% 1 Year 31.53% 3 Year 9.36% 5 Year 9.37% 10 Year 7.24% Since Inception 6.62% Date of Inception 06/30/2005 Gross Expense Ratio 1.22% Net Expense Ratio 1.04%
Thrivent Moderately Conservative Allocation Fund¹	-0.01%	19.58%	7.15%	6.84%	5.53%	5.43%	06/30/2005	1.16%	1.02%
YTD Return -0.01% 1 Year 19.58% 3 Year 7.15% 5 Year 6.84% 10 Year 5.53% Since Inception 5.43% Date of Inception 06/30/2005 Gross Expense Ratio 1.16% Net Expense Ratio 1.02%
Thrivent Balanced Income Plus Fund	3.06%	35.17%	7.61%	7.80%	6.94%	5.86%	12/29/1997	1.05%	1.05%
YTD Return 3.06% 1 Year 35.17% 3 Year 7.61% 5 Year 7.80% 10 Year 6.94% Since Inception 5.86% Date of Inception 12/29/1997 Gross Expense Ratio 1.05% Net Expense Ratio 1.05%
Thrivent Diversified Income Plus Fund	1.39%	22.79%	6.01%	6.43%	5.76%	5.14%	01/08/1997	0.96%	0.96%
YTD Return 1.39% 1 Year 22.79% 3 Year 6.01% 5 Year 6.43% 10 Year 5.76% Since Inception 5.14% Date of Inception 01/08/1997 Gross Expense Ratio 0.96% Net Expense Ratio 0.96%
Thrivent Opportunity Income Plus Fund²	-0.80%	11.70%	3.38%	3.89%	3.42%	5.30%	07/16/1987	0.91%	0.91%
YTD Return -0.80% 1 Year 11.70% 3 Year 3.38% 5 Year 3.89% 10 Year 3.42% Since Inception 5.30% Date of Inception 07/16/1987 Gross Expense Ratio 0.91% Net Expense Ratio 0.91%
Thrivent Global Stock Fund	5.32%	56.32%	10.53%	11.79%	9.42%	8.13%	07/16/1987	1.02%	1.02%
YTD Return 5.32% 1 Year 56.32% 3 Year 10.53% 5 Year 11.79% 10 Year 9.42% Since Inception 8.13% Date of Inception 07/16/1987 Gross Expense Ratio 1.02% Net Expense Ratio 1.02%
Thrivent International Allocation Fund²	4.13%	44.64%	3.04%	6.70%	4.30%	2.89%	02/29/2008	1.38%	1.20%
YTD Return 4.13% 1 Year 44.64% 3 Year 3.04% 5 Year 6.70% 10 Year 4.30% Since Inception 2.89% Date of Inception 02/29/2008 Gross Expense Ratio 1.38% Net Expense Ratio 1.20%
Thrivent Large Cap Growth Fund²	1.18%	62.29%	22.66%	20.23%	15.31%	6.18%	10/29/1999	1.12%	1.08%
YTD Return 1.18% 1 Year 62.29% 3 Year 22.66% 5 Year 20.23% 10 Year 15.31% Since Inception 6.18% Date of Inception 10/29/1999 Gross Expense Ratio 1.12% Net Expense Ratio 1.08%
Thrivent Large Cap Value Fund	13.58%	64.32%	11.18%	12.78%	10.41%	6.06%	10/29/1999	0.91%	0.91%
YTD Return 13.58% 1 Year 64.32% 3 Year 11.18% 5 Year 12.78% 10 Year 10.41% Since Inception 6.06% Date of Inception 10/29/1999 Gross Expense Ratio 0.91% Net Expense Ratio 0.91%
Thrivent Mid Cap Stock Fund	9.37%	85.78%	14.26%	17.43%	12.72%	10.39%	06/30/1993	1.04%	1.04%
YTD Return 9.37% 1 Year 85.78% 3 Year 14.26% 5 Year 17.43% 10 Year 12.72% Since Inception 10.39% Date of Inception 06/30/1993 Gross Expense Ratio 1.04% Net Expense Ratio 1.04%
Thrivent Small Cap Stock Fund	14.01%	99.81%	16.87%	19.25%	12.10%	9.77%	07/01/1996	1.15%	1.15%
YTD Return 14.01% 1 Year 99.81% 3 Year 16.87% 5 Year 19.25% 10 Year 12.10% Since Inception 9.77% Date of Inception 07/01/1996 Gross Expense Ratio 1.15% Net Expense Ratio 1.15%
Thrivent Government Bond Fund²	-2.92%	-2.27%	3.55%	2.02%	2.51%	2.60%	02/26/2010	1.08%	0.85%
YTD Return -2.92% 1 Year -2.27% 3 Year 3.55% 5 Year 2.02% 10 Year 2.51% Since Inception 2.60% Date of Inception 02/26/2010 Gross Expense Ratio 1.08% Net Expense Ratio 0.85%
Thrivent High Yield Fund	0.46%	19.48%	4.75%	5.87%	5.23%	6.33%	04/03/1987	0.80%	0.80%
YTD Return 0.46% 1 Year 19.48% 3 Year 4.75% 5 Year 5.87% 10 Year 5.23% Since Inception 6.33% Date of Inception 04/03/1987 Gross Expense Ratio 0.80% Net Expense Ratio 0.80%
Thrivent Income Fund	-3.97%	10.28%	6.45%	5.14%	4.80%	6.92%	06/01/1972	0.76%	0.76%
YTD Return -3.97% 1 Year 10.28% 3 Year 6.45% 5 Year 5.14% 10 Year 4.80% Since Inception 6.92% Date of Inception 06/01/1972 Gross Expense Ratio 0.76% Net Expense Ratio 0.76%
Thrivent Limited Maturity Bond Fund	-0.14%	6.66%	3.09%	2.56%	1.96%	3.16%	10/29/1999	0.60%	0.60%
YTD Return -0.14% 1 Year 6.66% 3 Year 3.09% 5 Year 2.56% 10 Year 1.96% Since Inception 3.16% Date of Inception 10/29/1999 Gross Expense Ratio 0.60% Net Expense Ratio 0.60%
Thrivent Money Market Fund²	0.00%	0.02%	1.07%	0.71%	0.35%	2.70%	03/10/1988	0.61%	0.46%
YTD Return 0.00% 1 Year 0.02% 3 Year 1.07% 5 Year 0.71% 10 Year 0.35% Since Inception 2.70% Date of Inception 03/10/1988 Gross Expense Ratio 0.61% Net Expense Ratio 0.46%
Thrivent Municipal Bond Fund	-0.45%	5.39%	4.28%	2.88%	4.18%	5.48%	12/03/1976	0.74%	0.74%
YTD Return -0.45% 1 Year 5.39% 3 Year 4.28% 5 Year 2.88% 10 Year 4.18% Since Inception 5.48% Date of Inception 12/03/1976 Gross Expense Ratio 0.74% Net Expense Ratio 0.74%
Money Market 7-Day Current Yield With Reimbursement³ : 0.00%
Money Market 7-Day Current Yield Without Reimbursement³ : -0.52%

All returns represent past performance. Past performance does not guarantee future results. The value of an investment fluctuates so that shares, when redeemed, may be worth more or less than the original investment. Current performance may be lower or higher than the performance data quoted. Call 800-847-4836 or visit ThriventFunds.com for performance results current to the most recent month-end. When calling, say "ThriventFunds.com" for faster service.

The performance data shown does not reflect the deduction of the sales charge. The current maximum sales charge is 4.5%, except for Thrivent Government Bond Fund which has a max sales charge of 2.0% and the Thrivent Money Market Fund and Thrivent Limited Maturity Bond Fund which has no sales charge. If reflected, the sales charge would reduce the performance quoted.

You could lose money by investing in Thrivent Money Market Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

¹The Adviser has contractually agreed, for as long as the current fee structure is in place, to waive certain investment advisory fees associated with the Fund. Refer to the expense table in the Fund’s prospectus.

²The Adviser has contractually agreed, for a period of one year from the date of the most recent prospectus, to waive certain fees and/or reimburse certain expenses associated with the Fund. Refer to the Fees & Expenses table in the Fund’s prospectus. If this waiver had not been in effect, performance would have been lower.

³The yield quotation more closely reflects the current earnings of the Thrivent Money Market Fund than the total return quotation. The 7-Day Yield Without Reimbursement is the yield without any fee reimbursements applied.

Fund Name	YTD Return	1 Year	3 Year	5 Year	10 Year	Since Inception	Date of Inception	Gross Expense Ratio	Net Expense Ratio
Thrivent Aggressive Allocation Fund¹	10.10%	48.36%	13.84%	14.75%	10.33%	8.86%	06/30/2005	1.23%	1.03%
YTD Return 10.10% 1 Year 48.36% 3 Year 13.84% 5 Year 14.75% 10 Year 10.33% Since Inception 8.86% Date of Inception 06/30/2005 Gross Expense Ratio 1.23% Net Expense Ratio 1.03%
Thrivent Moderately Aggressive Allocation Fund¹	7.38%	35.25%	11.85%	12.15%	8.95%	7.95%	06/30/2005	1.13%	0.91%
YTD Return 7.38% 1 Year 35.25% 3 Year 11.85% 5 Year 12.15% 10 Year 8.95% Since Inception 7.95% Date of Inception 06/30/2005 Gross Expense Ratio 1.13% Net Expense Ratio 0.91%
Thrivent Moderate Allocation Fund¹	5.29%	27.30%	10.69%	10.10%	7.68%	7.14%	06/30/2005	0.99%	0.81%
YTD Return 5.29% 1 Year 27.30% 3 Year 10.69% 5 Year 10.10% 10 Year 7.68% Since Inception 7.14% Date of Inception 06/30/2005 Gross Expense Ratio 0.99% Net Expense Ratio 0.81%
Thrivent Moderately Conservative Allocation Fund¹	2.39%	16.70%	8.19%	7.37%	5.89%	5.86%	06/30/2005	0.92%	0.78%
YTD Return 2.39% 1 Year 16.70% 3 Year 8.19% 5 Year 7.37% 10 Year 5.89% Since Inception 5.86% Date of Inception 06/30/2005 Gross Expense Ratio 0.92% Net Expense Ratio 0.78%
Thrivent Balanced Income Plus Fund	6.17%	30.17%	8.72%	8.54%	7.30%	6.39%	12/29/1997	0.79%	0.79%
YTD Return 6.17% 1 Year 30.17% 3 Year 8.72% 5 Year 8.54% 10 Year 7.30% Since Inception 6.39% Date of Inception 12/29/1997 Gross Expense Ratio 0.79% Net Expense Ratio 0.79%
Thrivent Diversified Income Plus Fund	3.23%	19.60%	6.73%	6.82%	6.04%	5.19%	12/29/1997	0.72%	0.72%
YTD Return 3.23% 1 Year 19.60% 3 Year 6.73% 5 Year 6.82% 10 Year 6.04% Since Inception 5.19% Date of Inception 12/29/1997 Gross Expense Ratio 0.72% Net Expense Ratio 0.72%
Thrivent Opportunity Income Plus Fund	0.18%	10.19%	3.99%	4.07%	3.67%	4.67%	12/29/1997	0.64%	0.64%
YTD Return 0.18% 1 Year 10.19% 3 Year 3.99% 5 Year 4.07% 10 Year 3.67% Since Inception 4.67% Date of Inception 12/29/1997 Gross Expense Ratio 0.64% Net Expense Ratio 0.64%
Thrivent Global Stock Fund	10.60%	48.38%	11.84%	13.11%	10.10%	6.65%	12/29/1997	0.66%	0.66%
YTD Return 10.60% 1 Year 48.38% 3 Year 11.84% 5 Year 13.11% 10 Year 10.10% Since Inception 6.65% Date of Inception 12/29/1997 Gross Expense Ratio 0.66% Net Expense Ratio 0.66%
Thrivent International Allocation Fund	7.66%	40.33%	4.23%	7.47%	4.52%	3.51%	02/29/2008	0.81%	0.81%
YTD Return 7.66% 1 Year 40.33% 3 Year 4.23% 5 Year 7.47% 10 Year 4.52% Since Inception 3.51% Date of Inception 02/29/2008 Gross Expense Ratio 0.81% Net Expense Ratio 0.81%
Thrivent Large Cap Growth Fund	8.75%	51.37%	25.08%	22.99%	16.26%	7.11%	10/29/1999	0.77%	0.77%
YTD Return 8.75% 1 Year 51.37% 3 Year 25.08% 5 Year 22.99% 10 Year 16.26% Since Inception 7.11% Date of Inception 10/29/1999 Gross Expense Ratio 0.77% Net Expense Ratio 0.77%
Thrivent Large Cap Value Fund	18.62%	53.86%	12.46%	13.62%	11.07%	6.82%	10/29/1999	0.54%	0.54%
YTD Return 18.62% 1 Year 53.86% 3 Year 12.46% 5 Year 13.62% 10 Year 11.07% Since Inception 6.82% Date of Inception 10/29/1999 Gross Expense Ratio 0.54% Net Expense Ratio 0.54%
Thrivent Low Volatility Equity Fund²	5.08%	20.35%	8.59%	N/A	N/A	8.74%	02/28/2017	1.44%	0.95%
YTD Return 5.08% 1 Year 20.35% 3 Year 8.59% 5 Year N/A 10 Year N/A Since Inception 8.74% Date of Inception 02/28/2017 Gross Expense Ratio 1.44% Net Expense Ratio 0.95%
Thrivent Mid Cap Growth Fund²	6.16%	61.72%	N/A	N/A	N/A	51.97%	02/28/2020	3.38%	0.90%
YTD Return 6.16% 1 Year 61.72% 3 Year N/A 5 Year N/A 10 Year N/A Since Inception 51.97% Date of Inception 02/28/2020 Gross Expense Ratio 3.38% Net Expense Ratio 0.90%
Thrivent Mid Cap Stock Fund	16.81%	74.58%	17.09%	18.69%	13.67%	10.33%	12/29/1997	0.76%	0.76%
YTD Return 16.81% 1 Year 74.58% 3 Year 17.09% 5 Year 18.69% 10 Year 13.67% Since Inception 10.33% Date of Inception 12/29/1997 Gross Expense Ratio 0.76% Net Expense Ratio 0.76%
Thrivent Mid Cap Value Fund²	22.75%	69.01%	N/A	N/A	N/A	46.51%	02/28/2020	3.54%	0.90%
YTD Return 22.75% 1 Year 69.01% 3 Year N/A 5 Year N/A 10 Year N/A Since Inception 46.51% Date of Inception 02/28/2020 Gross Expense Ratio 3.54% Net Expense Ratio 0.90%
Thrivent Small Cap Growth Fund²	8.62%	80.10%	25.58%	N/A	N/A	24.92%	02/28/2018	2.47%	0.95%
YTD Return 8.62% 1 Year 80.10% 3 Year 25.58% 5 Year N/A 10 Year N/A Since Inception 24.92% Date of Inception 02/28/2018 Gross Expense Ratio 2.47% Net Expense Ratio 0.95%
Thrivent Small Cap Stock Fund	19.50%	84.86%	18.43%	20.40%	12.78%	9.97%	12/29/1997	0.84%	0.84%
YTD Return 19.50% 1 Year 84.86% 3 Year 18.43% 5 Year 20.40% 10 Year 12.78% Since Inception 9.97% Date of Inception 12/29/1997 Gross Expense Ratio 0.84% Net Expense Ratio 0.84%
Thrivent Government Bond Fund	-2.21%	-1.96%	4.16%	2.26%	2.67%	2.87%	02/26/2010	0.73%	0.73%
YTD Return -2.21% 1 Year -1.96% 3 Year 4.16% 5 Year 2.26% 10 Year 2.67% Since Inception 2.87% Date of Inception 02/26/2010 Gross Expense Ratio 0.73% Net Expense Ratio 0.73%
Thrivent High Income Municipal Bond Fund²	2.71%	19.50%	5.98%	N/A	N/A	5.88%	02/28/2018	1.62%	0.60%
YTD Return 2.71% 1 Year 19.50% 3 Year 5.98% 5 Year N/A 10 Year N/A Since Inception 5.88% Date of Inception 02/28/2018 Gross Expense Ratio 1.62% Net Expense Ratio 0.60%
Thrivent High Yield Fund	1.13%	16.77%	4.97%	5.71%	5.45%	5.00%	10/31/1997	0.53%	0.53%
YTD Return 1.13% 1 Year 16.77% 3 Year 4.97% 5 Year 5.71% 10 Year 5.45% Since Inception 5.00% Date of Inception 10/31/1997 Gross Expense Ratio 0.53% Net Expense Ratio 0.53%
Thrivent Income Fund	-2.69%	6.95%	7.46%	5.42%	5.13%	5.50%	10/31/1997	0.47%	0.47%
YTD Return -2.69% 1 Year 6.95% 3 Year 7.46% 5 Year 5.42% 10 Year 5.13% Since Inception 5.50% Date of Inception 10/31/1997 Gross Expense Ratio 0.47% Net Expense Ratio 0.47%
Thrivent Limited Maturity Bond Fund	0.25%	5.01%	3.34%	2.71%	2.14%	3.44%	10/29/1999	0.43%	0.43%
YTD Return 0.25% 1 Year 5.01% 3 Year 3.34% 5 Year 2.71% 10 Year 2.14% Since Inception 3.44% Date of Inception 10/29/1999 Gross Expense Ratio 0.43% Net Expense Ratio 0.43%
Thrivent Money Market Fund²	0.00%	0.00%	1.11%	0.82%	0.41%	1.84%	12/29/1997	0.49%	0.39%
YTD Return 0.00% 1 Year 0.00% 3 Year 1.11% 5 Year 0.82% 10 Year 0.41% Since Inception 1.84% Date of Inception 12/29/1997 Gross Expense Ratio 0.49% Net Expense Ratio 0.39%
Thrivent Multidimensional Income Fund²	3.12%	20.82%	6.30%	N/A	N/A	5.42%	02/28/2017	1.68%	1.17%
YTD Return 3.12% 1 Year 20.82% 3 Year 6.30% 5 Year N/A 10 Year N/A Since Inception 5.42% Date of Inception 02/28/2017 Gross Expense Ratio 1.68% Net Expense Ratio 1.17%
Thrivent Municipal Bond Fund	0.62%	8.92%	4.96%	3.15%	4.37%	4.64%	10/31/1997	0.54%	0.54%
YTD Return 0.62% 1 Year 8.92% 3 Year 4.96% 5 Year 3.15% 10 Year 4.37% Since Inception 4.64% Date of Inception 10/31/1997 Gross Expense Ratio 0.54% Net Expense Ratio 0.54%
Money Market 7-Day Current Yield With Reimbursement³ : 0.00%
Money Market 7-Day Current Yield Without Reimbursement³ : -0.41%

All returns represent past performance. Past performance does not guarantee future results. The value of an investment fluctuates so that shares, when redeemed, may be worth more or less than the original investment. Current performance may be lower or higher than the performance data quoted. Call 800-847-4836 or visit ThriventFunds.com for performance results current to the most recent month-end. When calling, say "ThriventFunds.com" for faster service.

You could lose money by investing in Thrivent Money Market Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

¹The Adviser has contractually agreed, for as long as the current fee structure is in place, to waive certain investment advisory fees associated with the Fund. Refer to the expense table in the Fund's prospectus.

²The Adviser has contractually agreed, for a period of one year from the date of the most recent prospectus, to waive certain fees and/or reimburse certain expenses associated with the Fund. Refer to the Fees & Expenses table in the Fund’s prospectus. If this waiver had not been in effect, performance would have been lower.

³The yield quotation more closely reflects the current earnings of the Thrivent Money Market Fund than the total return quotation. The 7-Day Yield Without Reimbursement is the yield without any fee reimbursements applied.

Fund Name	YTD Return	1 Year	3 Year	5 Year	10 Year	Since Inception	Date of Inception	Gross Expense Ratio	Net Expense Ratio
Thrivent Aggressive Allocation Fund¹	4.91%	56.34%	12.40%	13.97%	10.15%	8.57%	06/30/2005	1.23%	1.03%
YTD Return 4.91% 1 Year 56.34% 3 Year 12.40% 5 Year 13.97% 10 Year 10.15% Since Inception 8.57% Date of Inception 06/30/2005 Gross Expense Ratio 1.23% Net Expense Ratio 1.03%
Thrivent Moderately Aggressive Allocation Fund¹	3.03%	40.87%	10.63%	11.56%	8.82%	7.71%	06/30/2005	1.13%	0.91%
YTD Return 3.03% 1 Year 40.87% 3 Year 10.63% 5 Year 11.56% 10 Year 8.82% Since Inception 7.71% Date of Inception 06/30/2005 Gross Expense Ratio 1.13% Net Expense Ratio 0.91%
Thrivent Moderate Allocation Fund¹	1.76%	31.84%	9.62%	9.64%	7.56%	6.95%	06/30/2005	0.99%	0.81%
YTD Return 1.76% 1 Year 31.84% 3 Year 9.62% 5 Year 9.64% 10 Year 7.56% Since Inception 6.95% Date of Inception 06/30/2005 Gross Expense Ratio 0.99% Net Expense Ratio 0.81%
Thrivent Moderately Conservative Allocation Fund¹	0.05%	19.79%	7.42%	7.12%	5.84%	5.73%	06/30/2005	0.92%	0.78%
YTD Return 0.05% 1 Year 19.79% 3 Year 7.42% 5 Year 7.12% 10 Year 5.84% Since Inception 5.73% Date of Inception 06/30/2005 Gross Expense Ratio 0.92% Net Expense Ratio 0.78%
Thrivent Balanced Income Plus Fund	3.14%	35.49%	7.92%	8.13%	7.33%	6.28%	12/29/1997	0.79%	0.79%
YTD Return 3.14% 1 Year 35.49% 3 Year 7.92% 5 Year 8.13% 10 Year 7.33% Since Inception 6.28% Date of Inception 12/29/1997 Gross Expense Ratio 0.79% Net Expense Ratio 0.79%
Thrivent Diversified Income Plus Fund	1.47%	23.18%	6.24%	6.71%	6.05%	5.13%	12/29/1997	0.72%	0.72%
YTD Return 1.47% 1 Year 23.18% 3 Year 6.24% 5 Year 6.71% 10 Year 6.05% Since Inception 5.13% Date of Inception 12/29/1997 Gross Expense Ratio 0.72% Net Expense Ratio 0.72%
Thrivent Opportunity Income Plus Fund	-0.74%	11.99%	3.65%	4.15%	3.69%	4.65%	12/29/1997	0.64%	0.64%
YTD Return -0.74% 1 Year 11.99% 3 Year 3.65% 5 Year 4.15% 10 Year 3.69% Since Inception 4.65% Date of Inception 12/29/1997 Gross Expense Ratio 0.64% Net Expense Ratio 0.64%
Thrivent Global Stock Fund	5.41%	56.86%	10.92%	12.19%	9.86%	6.45%	12/29/1997	0.66%	0.66%
YTD Return 5.41% 1 Year 56.86% 3 Year 10.92% 5 Year 12.19% 10 Year 9.86% Since Inception 6.45% Date of Inception 12/29/1997 Gross Expense Ratio 0.66% Net Expense Ratio 0.66%
Thrivent International Allocation Fund	4.21%	45.04%	3.44%	7.11%	4.71%	3.28%	02/29/2008	0.81%	0.81%
YTD Return 4.21% 1 Year 45.04% 3 Year 3.44% 5 Year 7.11% 10 Year 4.71% Since Inception 3.28% Date of Inception 02/29/2008 Gross Expense Ratio 0.81% Net Expense Ratio 0.81%
Thrivent Large Cap Growth Fund	1.26%	62.88%	23.07%	20.64%	15.72%	6.78%	10/29/1999	0.77%	0.77%
YTD Return 1.26% 1 Year 62.88% 3 Year 23.07% 5 Year 20.64% 10 Year 15.72% Since Inception 6.78% Date of Inception 10/29/1999 Gross Expense Ratio 0.77% Net Expense Ratio 0.77%
Thrivent Large Cap Value Fund	13.66%	64.89%	11.59%	13.20%	10.87%	6.64%	10/29/1999	0.54%	0.54%
YTD Return 13.66% 1 Year 64.89% 3 Year 11.59% 5 Year 13.20% 10 Year 10.87% Since Inception 6.64% Date of Inception 10/29/1999 Gross Expense Ratio 0.54% Net Expense Ratio 0.54%
Thrivent Low Volatility Equity Fund²	1.69%	25.60%	7.31%	N/A	N/A	8.06%	02/28/2017	1.44%	0.95%
YTD Return 1.69% 1 Year 25.60% 3 Year 7.31% 5 Year N/A 10 Year N/A Since Inception 8.06% Date of Inception 02/28/2017 Gross Expense Ratio 1.44% Net Expense Ratio 0.95%
Thrivent Mid Cap Growth Fund²	0.00%	74.26%	N/A	N/A	N/A	48.47%	02/28/2020	3.38%	0.90%
YTD Return 0.00% 1 Year 74.26% 3 Year N/A 5 Year N/A 10 Year N/A Since Inception 48.47% Date of Inception 02/28/2020 Gross Expense Ratio 3.38% Net Expense Ratio 0.90%
Thrivent Mid Cap Stock Fund	9.44%	86.20%	14.57%	17.78%	13.13%	10.06%	12/29/1997	0.76%	0.76%
YTD Return 9.44% 1 Year 86.20% 3 Year 14.57% 5 Year 17.78% 10 Year 13.13% Since Inception 10.06% Date of Inception 12/29/1997 Gross Expense Ratio 0.76% Net Expense Ratio 0.76%
Thrivent Mid Cap Value Fund²	18.40%	86.40%	N/A	N/A	N/A	45.89%	02/28/2020	3.54%	0.90%
YTD Return 18.40% 1 Year 86.40% 3 Year N/A 5 Year N/A 10 Year N/A Since Inception 45.89% Date of Inception 02/28/2020 Gross Expense Ratio 3.54% Net Expense Ratio 0.90%
Thrivent Small Cap Growth Fund²	3.49%	105.35%	24.06%	N/A	N/A	23.70%	02/28/2018	2.47%	0.95%
YTD Return 3.49% 1 Year 105.35% 3 Year 24.06% 5 Year N/A 10 Year N/A Since Inception 23.70% Date of Inception 02/28/2018 Gross Expense Ratio 2.47% Net Expense Ratio 0.95%
Thrivent Small Cap Stock Fund	14.08%	100.38%	17.20%	19.64%	12.57%	9.79%	12/29/1997	0.84%	0.84%
YTD Return 14.08% 1 Year 100.38% 3 Year 17.20% 5 Year 19.64% 10 Year 12.57% Since Inception 9.79% Date of Inception 12/29/1997 Gross Expense Ratio 0.84% Net Expense Ratio 0.84%
Thrivent Government Bond Fund	-2.97%	-2.13%	3.67%	2.12%	2.72%	2.82%	02/26/2010	0.73%	0.73%
YTD Return -2.97% 1 Year -2.13% 3 Year 3.67% 5 Year 2.12% 10 Year 2.72% Since Inception 2.82% Date of Inception 02/26/2010 Gross Expense Ratio 0.73% Net Expense Ratio 0.73%
Thrivent High Income Municipal Bond Fund²	1.18%	12.86%	5.45%	N/A	N/A	5.53%	02/28/2018	1.62%	0.60%
YTD Return 1.18% 1 Year 12.86% 3 Year 5.45% 5 Year N/A 10 Year N/A Since Inception 5.53% Date of Inception 02/28/2018 Gross Expense Ratio 1.62% Net Expense Ratio 0.60%
Thrivent High Yield Fund	0.31%	19.80%	4.94%	6.13%	5.51%	4.99%	10/31/1997	0.53%	0.53%
YTD Return 0.31% 1 Year 19.80% 3 Year 4.94% 5 Year 6.13% 10 Year 5.51% Since Inception 4.99% Date of Inception 10/31/1997 Gross Expense Ratio 0.53% Net Expense Ratio 0.53%
Thrivent Income Fund	-3.91%	10.59%	6.73%	5.46%	5.16%	5.47%	10/31/1997	0.47%	0.47%
YTD Return -3.91% 1 Year 10.59% 3 Year 6.73% 5 Year 5.46% 10 Year 5.16% Since Inception 5.47% Date of Inception 10/31/1997 Gross Expense Ratio 0.47% Net Expense Ratio 0.47%
Thrivent Limited Maturity Bond Fund	-0.10%	6.74%	3.24%	2.74%	2.17%	3.44%	10/29/1999	0.43%	0.43%
YTD Return -0.10% 1 Year 6.74% 3 Year 3.24% 5 Year 2.74% 10 Year 2.17% Since Inception 3.44% Date of Inception 10/29/1999 Gross Expense Ratio 0.43% Net Expense Ratio 0.43%
Thrivent Money Market Fund²	0.00%	0.03%	1.15%	0.82%	0.41%	1.85%	12/29/1997	0.49%	0.39%
YTD Return 0.00% 1 Year 0.03% 3 Year 1.15% 5 Year 0.82% 10 Year 0.41% Since Inception 1.85% Date of Inception 12/29/1997 Gross Expense Ratio 0.49% Net Expense Ratio 0.39%
Thrivent Multidimensional Income Fund²	1.43%	25.86%	5.81%	N/A	N/A	5.10%	02/28/2017	1.68%	1.17%
YTD Return 1.43% 1 Year 25.86% 3 Year 5.81% 5 Year N/A 10 Year N/A Since Inception 5.10% Date of Inception 02/28/2017 Gross Expense Ratio 1.68% Net Expense Ratio 1.17%
Thrivent Municipal Bond Fund	-0.40%	5.60%	4.50%	3.10%	4.42%	4.61%	10/31/1997	0.54%	0.54%
YTD Return -0.40% 1 Year 5.60% 3 Year 4.50% 5 Year 3.10% 10 Year 4.42% Since Inception 4.61% Date of Inception 10/31/1997 Gross Expense Ratio 0.54% Net Expense Ratio 0.54%
Money Market 7-Day Current Yield With Reimbursement³ : 0.00%
Money Market 7-Day Current Yield Without Reimbursement³ : -0.41%

All returns represent past performance. Past performance does not guarantee future results. The value of an investment fluctuates so that shares, when redeemed, may be worth more or less than the original investment. Current performance may be lower or higher than the performance data quoted. Call 800-847-4836 or visit ThriventFunds.com for performance results current to the most recent month-end. When calling, say "ThriventFunds.com" for faster service.

You could lose money by investing in Thrivent Money Market Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.

¹The Adviser has contractually agreed, for as long as the current fee structure is in place, to waive certain investment advisory fees associated with the Fund. Refer to the expense table in the Fund's prospectus.

²The Adviser has contractually agreed, for a period of one year from the date of the most recent prospectus, to waive certain fees and/or reimburse certain expenses associated with the Fund. Refer to the Fees & Expenses table in the Fund’s prospectus. If this waiver had not been in effect, performance would have been lower.

³The yield quotation more closely reflects the current earnings of the Thrivent Money Market Fund than the total return quotation. The 7-Day Yield Without Reimbursement is the yield without any fee reimbursements applied.

Morningstar

Thrivent Mutual Fund Name(Morningstar Category)	Overall Morningstar Rating^™	3-Year	5-Year	10-Year
Thrivent Small Cap Stock Fund (Small Blend) # Peer Funds:	605	605	507	357
Overall Morningstar Rating^™ # Peer Funds: 605 3-Year # Peer Funds: 605 5-Year # Peer Funds: 507 10-Year # Peer Funds: 357
Thrivent Mid Cap Stock Fund (Mid-Cap Blend) # Peer Funds:	377	377	308	215
Overall Morningstar Rating^™ # Peer Funds: 377 3-Year # Peer Funds: 377 5-Year # Peer Funds: 308 10-Year # Peer Funds: 215
Thrivent Aggressive Allocation Fund¹ (Allocation--85%+ Equity) # Peer Funds:	154	154	134	95
Overall Morningstar Rating^™ # Peer Funds: 154 3-Year # Peer Funds: 154 5-Year # Peer Funds: 134 10-Year # Peer Funds: 95
Thrivent Income Fund (Corporate Bond) # Peer Funds:	190	190	136	89
Overall Morningstar Rating^™ # Peer Funds: 190 3-Year # Peer Funds: 190 5-Year # Peer Funds: 136 10-Year # Peer Funds: 89
Thrivent Moderately Aggressive Allocation Fund¹ (Allocation--70% to 85% Equity) # Peer Funds:	303	303	275	188
Overall Morningstar Rating^™ # Peer Funds: 303 3-Year # Peer Funds: 303 5-Year # Peer Funds: 275 10-Year # Peer Funds: 188
Thrivent Large Cap Growth Fund (Large Growth) # Peer Funds:	1,168	1,168	1,049	779
Overall Morningstar Rating^™ # Peer Funds: 1,168 3-Year # Peer Funds: 1,168 5-Year # Peer Funds: 1,049 10-Year # Peer Funds: 779
Thrivent Small Cap Growth Fund² (Small Growth) # Peer Funds:	574	574	N/A	N/A
Overall Morningstar Rating^™ # Peer Funds: 574 3-Year # Peer Funds: 574 5-Year # Peer Funds: N/A 10-Year # Peer Funds: N/A
Thrivent Balanced Income Plus Fund (Allocation--30% to 50% Equity) # Peer Funds:	514	514	455	279
Overall Morningstar Rating^™ # Peer Funds: 514 3-Year # Peer Funds: 514 5-Year # Peer Funds: 455 10-Year # Peer Funds: 279
Thrivent Global Stock Fund (World Large-Stock Blend) # Peer Funds:	277	277	235	137
Overall Morningstar Rating^™ # Peer Funds: 277 3-Year # Peer Funds: 277 5-Year # Peer Funds: 235 10-Year # Peer Funds: 137

All data represents past performance. Past performance does not guarantee future results. The investment return and principal value of the investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance data quoted. Call 800-847-4836 or click here to see most recent month-end performance or here to see most recent quarter end performance.

The Morningstar Rating^TM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns.

© 2021 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Thrivent Balanced Income Plus Fund changed their investment strategies August 16, 2013; 10-year peer group comparisons are less relevant than other time periods.

¹ The Adviser has contractually agreed, for as long as the current fee structure is in place, to waive certain investment advisory fees associated with the Fund. Refer to the expense table in the Fund's prospectus.

² The Adviser has contractually agreed, for a period of one year from the date of the most recent prospectus, to waive certain fees and/or reimburse certain expenses associated with the Fund. Refer to the Fees & Expenses table in the Fund’s prospectus. If this waiver had not been in effect, performance would have been lower.

Thrivent Mutual Fund Name(Morningstar Category)	Overall Morningstar Rating^™	3-Year	5-Year	10-Year
Thrivent Small Cap Stock Fund (Small Blend) # Peer Funds:	605	605	507	357
Overall Morningstar Rating^™ # Peer Funds: 605 3-Year # Peer Funds: 605 5-Year # Peer Funds: 507 10-Year # Peer Funds: 357
Thrivent Mid Cap Stock Fund (Mid-Cap Blend) # Peer Funds:	377	377	308	215
Overall Morningstar Rating^™ # Peer Funds: 377 3-Year # Peer Funds: 377 5-Year # Peer Funds: 308 10-Year # Peer Funds: 215
Thrivent Income Fund (Corporate Bond) # Peer Funds:	190	190	136	89
Overall Morningstar Rating^™ # Peer Funds: 190 3-Year # Peer Funds: 190 5-Year # Peer Funds: 136 10-Year # Peer Funds: 89
Thrivent Large Cap Growth Fund² (Large Growth) # Peer Funds:	1,168	1,168	1,049	779
Overall Morningstar Rating^™ # Peer Funds: 1,168 3-Year # Peer Funds: 1,168 5-Year # Peer Funds: 1,049 10-Year # Peer Funds: 779
Thrivent Balanced Income Plus Fund (Allocation--30% to 50% Equity) # Peer Funds:	514	514	455	279
Overall Morningstar Rating^™ # Peer Funds: 514 3-Year # Peer Funds: 514 5-Year # Peer Funds: 455 10-Year # Peer Funds: 279
Thrivent Global Stock Fund (World Large-Stock Blend) # Peer Funds:	277	277	235	137
Overall Morningstar Rating^™ # Peer Funds: 277 3-Year # Peer Funds: 277 5-Year # Peer Funds: 235 10-Year # Peer Funds: 137

All data represents past performance. Past performance does not guarantee future results. The investment return and principal value of the investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance data quoted. Call 800-847-4836 or click here to see most recent month-end performance or here to see most recent quarter end performance.

The Morningstar Rating^TM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns.

© 2021 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Thrivent Balanced Income Plus Fund changed their investment strategies August 16, 2013; 10-year peer group comparisons are less relevant than other time periods.

² The Adviser has contractually agreed, for a period of one year from the date of the most recent prospectus, to waive certain fees and/or reimburse certain expenses associated with the Fund. Refer to the Fees & Expenses table in the Fund’s prospectus. If this waiver had not been in effect, performance would have been lower.

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Thrivent Mutual Funds

Average Annual Total Returns

¹The Adviser has contractually agreed, for as long as the current fee structure is in place, to waive certain investment advisory fees associated with the Fund. Refer to the expense table in the Fund’s prospectus.

³The yield quotation more closely reflects the current earnings of the Thrivent Money Market Fund than the total return quotation. The 7-Day Yield Without Reimbursement is the yield without any fee reimbursements applied.

⁴Performance shown reflects the current maximum sales charge of 4.5%. Prior to February 29, 2016, the maximum sales charge was 5.5%; however, the prior rate is not reflected for periods that began prior to that date.

¹The Adviser has contractually agreed, for as long as the current fee structure is in place, to waive certain investment advisory fees associated with the Fund. Refer to the expense table in the Fund’s prospectus.

³The yield quotation more closely reflects the current earnings of the Thrivent Money Market Fund than the total return quotation. The 7-Day Yield Without Reimbursement is the yield without any fee reimbursements applied.

¹The Adviser has contractually agreed, for as long as the current fee structure is in place, to waive certain investment advisory fees associated with the Fund. Refer to the expense table in the Fund’s prospectus.

³The yield quotation more closely reflects the current earnings of the Thrivent Money Market Fund than the total return quotation. The 7-Day Yield Without Reimbursement is the yield without any fee reimbursements applied.

⁴Performance shown reflects the current maximum sales charge of 4.5%. Prior to February 29, 2016, the maximum sales charge was 5.5%; however, the prior rate is not reflected for periods that began prior to that date.

¹The Adviser has contractually agreed, for as long as the current fee structure is in place, to waive certain investment advisory fees associated with the Fund. Refer to the expense table in the Fund’s prospectus.

³The yield quotation more closely reflects the current earnings of the Thrivent Money Market Fund than the total return quotation. The 7-Day Yield Without Reimbursement is the yield without any fee reimbursements applied.

¹The Adviser has contractually agreed, for as long as the current fee structure is in place, to waive certain investment advisory fees associated with the Fund. Refer to the expense table in the Fund's prospectus.

³The yield quotation more closely reflects the current earnings of the Thrivent Money Market Fund than the total return quotation. The 7-Day Yield Without Reimbursement is the yield without any fee reimbursements applied.

¹The Adviser has contractually agreed, for as long as the current fee structure is in place, to waive certain investment advisory fees associated with the Fund. Refer to the expense table in the Fund's prospectus.

³The yield quotation more closely reflects the current earnings of the Thrivent Money Market Fund than the total return quotation. The 7-Day Yield Without Reimbursement is the yield without any fee reimbursements applied.

Thrivent Mutual Funds Has Star Power

Thrivent Balanced Income Plus Fund changed their investment strategies August 16, 2013; 10-year peer group comparisons are less relevant than other time periods.

¹ The Adviser has contractually agreed, for as long as the current fee structure is in place, to waive certain investment advisory fees associated with the Fund. Refer to the expense table in the Fund's prospectus.

Thrivent Balanced Income Plus Fund changed their investment strategies August 16, 2013; 10-year peer group comparisons are less relevant than other time periods.

Asset Allocation Funds - Class S

Income Plus Funds - Class S

Equity Funds - Class S

Fixed Income Funds - Class S

Asset Allocation Funds - Class A

Income Plus Funds - Class A

Equity Funds - Class A

Fixed Income Funds - Class A

Thrivent Mutual Funds - Consolidated Fund Facts - Class S

Thrivent Mutual Funds - Consolidated Fund Facts - Class A

Thrivent Mutual Funds - Consolidated Schedule of Investments - Class S

Thrivent Mutual Funds - Consolidated Schedule of Investments - Class A

Financial Professional Site Registration

Thank you for registering

An error occurred

Thrivent Mutual Funds

Average Annual Total Returns

1The Adviser has contractually agreed, for as long as the current fee structure is in place, to waive certain investment advisory fees associated with the Fund. Refer to the expense table in the Fund’s prospectus.

3The yield quotation more closely reflects the current earnings of the Thrivent Money Market Fund than the total return quotation. The 7-Day Yield Without Reimbursement is the yield without any fee reimbursements applied.

4Performance shown reflects the current maximum sales charge of 4.5%. Prior to February 29, 2016, the maximum sales charge was 5.5%; however, the prior rate is not reflected for periods that began prior to that date.

1The Adviser has contractually agreed, for as long as the current fee structure is in place, to waive certain investment advisory fees associated with the Fund. Refer to the expense table in the Fund’s prospectus.

3The yield quotation more closely reflects the current earnings of the Thrivent Money Market Fund than the total return quotation. The 7-Day Yield Without Reimbursement is the yield without any fee reimbursements applied.

1The Adviser has contractually agreed, for as long as the current fee structure is in place, to waive certain investment advisory fees associated with the Fund. Refer to the expense table in the Fund’s prospectus.

3The yield quotation more closely reflects the current earnings of the Thrivent Money Market Fund than the total return quotation. The 7-Day Yield Without Reimbursement is the yield without any fee reimbursements applied.

4Performance shown reflects the current maximum sales charge of 4.5%. Prior to February 29, 2016, the maximum sales charge was 5.5%; however, the prior rate is not reflected for periods that began prior to that date.

1The Adviser has contractually agreed, for as long as the current fee structure is in place, to waive certain investment advisory fees associated with the Fund. Refer to the expense table in the Fund’s prospectus.

3The yield quotation more closely reflects the current earnings of the Thrivent Money Market Fund than the total return quotation. The 7-Day Yield Without Reimbursement is the yield without any fee reimbursements applied.

1The Adviser has contractually agreed, for as long as the current fee structure is in place, to waive certain investment advisory fees associated with the Fund. Refer to the expense table in the Fund's prospectus.

3The yield quotation more closely reflects the current earnings of the Thrivent Money Market Fund than the total return quotation. The 7-Day Yield Without Reimbursement is the yield without any fee reimbursements applied.

1The Adviser has contractually agreed, for as long as the current fee structure is in place, to waive certain investment advisory fees associated with the Fund. Refer to the expense table in the Fund's prospectus.

3The yield quotation more closely reflects the current earnings of the Thrivent Money Market Fund than the total return quotation. The 7-Day Yield Without Reimbursement is the yield without any fee reimbursements applied.

Thrivent Mutual Funds Has Star Power

Thrivent Balanced Income Plus Fund changed their investment strategies August 16, 2013; 10-year peer group comparisons are less relevant than other time periods.

1 The Adviser has contractually agreed, for as long as the current fee structure is in place, to waive certain investment advisory fees associated with the Fund. Refer to the expense table in the Fund's prospectus.

Thrivent Balanced Income Plus Fund changed their investment strategies August 16, 2013; 10-year peer group comparisons are less relevant than other time periods.

Asset Allocation Funds - Class S

Income Plus Funds - Class S

Equity Funds - Class S

Fixed Income Funds - Class S

Asset Allocation Funds - Class A

Income Plus Funds - Class A

Equity Funds - Class A

Fixed Income Funds - Class A

Thrivent Mutual Funds - Consolidated Fund Facts - Class S

Thrivent Mutual Funds - Consolidated Fund Facts - Class A

Thrivent Mutual Funds - Consolidated Schedule of Investments - Class S

Thrivent Mutual Funds - Consolidated Schedule of Investments - Class A

¹The Adviser has contractually agreed, for as long as the current fee structure is in place, to waive certain investment advisory fees associated with the Fund. Refer to the expense table in the Fund’s prospectus.

³The yield quotation more closely reflects the current earnings of the Thrivent Money Market Fund than the total return quotation. The 7-Day Yield Without Reimbursement is the yield without any fee reimbursements applied.

⁴Performance shown reflects the current maximum sales charge of 4.5%. Prior to February 29, 2016, the maximum sales charge was 5.5%; however, the prior rate is not reflected for periods that began prior to that date.

¹The Adviser has contractually agreed, for as long as the current fee structure is in place, to waive certain investment advisory fees associated with the Fund. Refer to the expense table in the Fund’s prospectus.

³The yield quotation more closely reflects the current earnings of the Thrivent Money Market Fund than the total return quotation. The 7-Day Yield Without Reimbursement is the yield without any fee reimbursements applied.

¹The Adviser has contractually agreed, for as long as the current fee structure is in place, to waive certain investment advisory fees associated with the Fund. Refer to the expense table in the Fund’s prospectus.

³The yield quotation more closely reflects the current earnings of the Thrivent Money Market Fund than the total return quotation. The 7-Day Yield Without Reimbursement is the yield without any fee reimbursements applied.

⁴Performance shown reflects the current maximum sales charge of 4.5%. Prior to February 29, 2016, the maximum sales charge was 5.5%; however, the prior rate is not reflected for periods that began prior to that date.

¹The Adviser has contractually agreed, for as long as the current fee structure is in place, to waive certain investment advisory fees associated with the Fund. Refer to the expense table in the Fund’s prospectus.

³The yield quotation more closely reflects the current earnings of the Thrivent Money Market Fund than the total return quotation. The 7-Day Yield Without Reimbursement is the yield without any fee reimbursements applied.

¹The Adviser has contractually agreed, for as long as the current fee structure is in place, to waive certain investment advisory fees associated with the Fund. Refer to the expense table in the Fund's prospectus.

³The yield quotation more closely reflects the current earnings of the Thrivent Money Market Fund than the total return quotation. The 7-Day Yield Without Reimbursement is the yield without any fee reimbursements applied.

¹The Adviser has contractually agreed, for as long as the current fee structure is in place, to waive certain investment advisory fees associated with the Fund. Refer to the expense table in the Fund's prospectus.

³The yield quotation more closely reflects the current earnings of the Thrivent Money Market Fund than the total return quotation. The 7-Day Yield Without Reimbursement is the yield without any fee reimbursements applied.

¹ The Adviser has contractually agreed, for as long as the current fee structure is in place, to waive certain investment advisory fees associated with the Fund. Refer to the expense table in the Fund's prospectus.