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Pending shareholder approval, Thrivent Low Volatility Equity Fund will merge into Thrivent Global Stock Fund. It closed to new shareholder accounts May 3, 2024. The shareholder meeting was adjourned and will reconvene on October 17, 2024. See the proxy statement for additional information about the merger.

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Mutual Funds
Average Annualized Return (%) As of 09/30/2024 As of 09/30/2024
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Average Annualized Returns
These returns, also known as trailing returns, illustrate fund performance over a specific time period, including capital appreciation as well as reinvested dividends and capital gains distributions.

All returns greater than one year are annualized; returns for periods of less than one year are not annualized.

Performance shown assumes the reinvestment of all dividends and capital gains. Performance of other share classes will vary from the results shown based on differences in sales charges and expenses.

Money Market 7-Day Current Yield
The yield generated by an investment in a fund over a 7-day period ended on the date of the calculation and expressed as an annual percentage.

Money Market 7-Day Current Yield Before Reimbursement (if applicable)
The 7-day current yield before reimbursement is the yield without any fee reimbursements applied.

Note: The yield quotation more closely reflects the current earnings of Thrivent Money Market Fund than the total return quotation.

Expense Ratio (%)
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Gross Expense Ratio
This figure represents the total percentage of a fund’s assets used to maintain a fund, including operating expenses and management fees. It does not include the impact of any fee waivers or expense reimbursements that may have been in effect during the time period. It’s calculated by dividing a fund’s annual operating expenses by the average dollar value of its assets.

Net Expense Ratio (if applicable)
This figure represents the total percentage of a fund’s assets used to maintain a fund, including operating expenses and management fees. It’s calculated by dividing a fund’s annual net operating expenses by the average dollar value of its assets, and includes the impact of any fee waivers or expense reimbursements that may have been in effect during the time period.

For the Thrivent Asset Allocation Funds, 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. If not waived, returns would have been lower. Refer to the Fees & Expenses table in the prospectus.

For the Thrivent Money Market Class A Fund, the Adviser has contractually agreed, for a period of one year from the date of the most recent prospectus, to waive certain fees associated with the Fund. However, this may be terminated before the indicated termination date upon the mutual agreement between the Trustees of the Fund and the Adviser. If not waived, returns would have been lower. Refer to the Fees & Expenses table in the prospectus.

For all other funds with a fee waiver, 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. If not waived, returns would have been lower. Refer to the Fees & Expenses table in the prospectus.

Ticker Name YTD 1 Y 3 Y 5 Y 10 Y Since Inception Inception Date
Max Sales Charge
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Sales Charges
The commission paid by an investor upon investment in a fund.

Class A Performance with Max Sales Charge reflects the current maximum sales charge of 4.50%. Prior to February 29, 2016, the maximum sales charge for the Asset Allocation Funds, Equity Funds, and Thrivent Balanced Income Plus Fund was 5.50%; however, the prior rate is not reflected for periods that began prior to that date.

Gross Net

Money Market 7-Day Current Yield as of the most recent month end with Reimbursement: %

Money Market 7-Day Current Yield as of the most recent month end without Reimbursement: %

All data represents past performance. Past performance does not guarantee future results. 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.

You could lose money by investing in the Thrivent Money Market Fund. Although the Thrivent Money Market 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 Thrivent Money Market Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Thrivent Money Market Fund’s sponsor has no legal obligation to provide financial support to the Thrivent Money Market Fund, and you should not expect that the sponsor will provide financial support to the Thrivent Money Market Fund at any time.

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