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 08/31/2021

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	11.71%	25.60%	11.93%	13.64%	11.60%	8.41%	06/30/2005	4.50%⁴	1.40%	1.20%
YTD Return 11.71% 1 Year 25.60% 3 Year 11.93% 5 Year 13.64% 10 Year 11.60% Since Inception 8.41% 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	8.46%	17.92%	10.28%	11.11%	9.91%	7.51%	06/30/2005	4.50%⁴	1.33%	1.11%
YTD Return 8.46% 1 Year 17.92% 3 Year 10.28% 5 Year 11.11% 10 Year 9.91% Since Inception 7.51% 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	5.36%	12.73%	9.14%	8.98%	8.21%	6.68%	06/30/2005	4.50%⁴	1.22%	1.04%
YTD Return 5.36% 1 Year 12.73% 3 Year 9.14% 5 Year 8.98% 10 Year 8.21% Since Inception 6.68% 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	1.18%	5.91%	6.52%	6.12%	6.02%	5.37%	06/30/2005	4.50%⁴	1.16%	1.02%
YTD Return 1.18% 1 Year 5.91% 3 Year 6.52% 5 Year 6.12% 10 Year 6.02% Since Inception 5.37% 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	5.42%	14.05%	7.04%	7.25%	7.91%	5.85%	12/29/1997	4.50%⁴	1.05%	1.05%
YTD Return 5.42% 1 Year 14.05% 3 Year 7.04% 5 Year 7.25% 10 Year 7.91% Since Inception 5.85% 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	1.01%	6.62%	4.82%	5.33%	6.11%	5.03%	01/08/1997	4.50%	0.96%	0.96%
YTD Return 1.01% 1 Year 6.62% 3 Year 4.82% 5 Year 5.33% 10 Year 6.11% Since Inception 5.03% 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	-2.84%	-0.08%	2.48%	2.51%	2.89%	5.17%	07/16/1987	4.50%	0.91%	0.91%
YTD Return -2.84% 1 Year -0.08% 3 Year 2.48% 5 Year 2.51% 10 Year 2.89% Since Inception 5.17% 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	12.93%	25.74%	10.69%	12.55%	11.33%	8.25%	07/16/1987	4.50%⁴	1.02%	1.02%
YTD Return 12.93% 1 Year 25.74% 3 Year 10.69% 5 Year 12.55% 10 Year 11.33% Since Inception 8.25% 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	9.05%	22.12%	5.90%	6.66%	5.47%	3.15%	02/29/2008	4.50%⁴	1.38%	1.20%
YTD Return 9.05% 1 Year 22.12% 3 Year 5.90% 5 Year 6.66% 10 Year 5.47% Since Inception 3.15% 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	15.16%	20.85%	21.67%	22.90%	17.89%	6.69%	10/29/1999	4.50%⁴	1.12%	1.08%
YTD Return 15.16% 1 Year 20.85% 3 Year 21.67% 5 Year 22.90% 10 Year 17.89% Since Inception 6.69% 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	19.35%	36.95%	9.54%	12.12%	12.42%	6.18%	10/29/1999	4.50%⁴	0.91%	0.91%
YTD Return 19.35% 1 Year 36.95% 3 Year 9.54% 5 Year 12.12% 10 Year 12.42% Since Inception 6.18% 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	16.23%	39.60%	13.69%	16.08%	15.49%	10.46%	06/30/1993	4.50%⁴	1.04%	1.04%
YTD Return 16.23% 1 Year 39.60% 3 Year 13.69% 5 Year 16.08% 10 Year 15.49% Since Inception 10.46% 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	16.44%	52.58%	13.50%	16.99%	14.48%	9.69%	07/01/1996	4.50%⁴	1.15%	1.15%
YTD Return 16.44% 1 Year 52.58% 3 Year 13.50% 5 Year 16.99% 10 Year 14.48% Since Inception 9.69% 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	-3.03%	-3.44%	3.38%	1.65%	1.84%	2.50%	02/26/2010	2.00%	1.08%	0.85%
YTD Return -3.03% 1 Year -3.44% 3 Year 3.38% 5 Year 1.65% 10 Year 1.84% Since Inception 2.50% 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	-1.22%	3.43%	3.29%	3.90%	5.34%	6.20%	04/03/1987	4.50%	0.80%	0.80%
YTD Return -1.22% 1 Year 3.43% 3 Year 3.29% 5 Year 3.90% 10 Year 5.34% 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	-4.32%	-1.03%	6.19%	3.93%	4.54%	6.85%	06/01/1972	4.50%	0.76%	0.76%
YTD Return -4.32% 1 Year -1.03% 3 Year 6.19% 5 Year 3.93% 10 Year 4.54% Since Inception 6.85% 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	0.47%	1.48%	3.00%	2.35%	1.95%	3.12%	10/29/1999	N/A	0.60%	0.60%
YTD Return 0.47% 1 Year 1.48% 3 Year 3.00% 5 Year 2.35% 10 Year 1.95% Since Inception 3.12% 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%	0.88%	0.71%	0.35%	2.66%	03/10/1988	N/A	0.61%	0.46%
YTD Return 0.00% 1 Year 0.00% 3 Year 0.88% 5 Year 0.71% 10 Year 0.35% Since Inception 2.66% 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	-2.60%	-0.48%	3.19%	1.88%	3.31%	5.37%	12/03/1976	4.50%	0.74%	0.74%
YTD Return -2.60% 1 Year -0.48% 3 Year 3.19% 5 Year 1.88% 10 Year 3.31% 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 : -0.54%

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	17.00%	31.54%	13.67%	14.68%	12.12%	8.72%	06/30/2005	1.40%	1.20%
YTD Return 17.00% 1 Year 31.54% 3 Year 13.67% 5 Year 14.68% 10 Year 12.12% Since Inception 8.72% Date of Inception 06/30/2005 Gross Expense Ratio 1.40% Net Expense Ratio 1.20%
Thrivent Moderately Aggressive Allocation Fund¹	13.56%	23.48%	11.98%	12.13%	10.42%	7.81%	06/30/2005	1.33%	1.11%
YTD Return 13.56% 1 Year 23.48% 3 Year 11.98% 5 Year 12.13% 10 Year 10.42% Since Inception 7.81% Date of Inception 06/30/2005 Gross Expense Ratio 1.33% Net Expense Ratio 1.11%
Thrivent Moderate Allocation Fund¹	10.33%	18.07%	10.82%	10.00%	8.72%	6.98%	06/30/2005	1.22%	1.04%
YTD Return 10.33% 1 Year 18.07% 3 Year 10.82% 5 Year 10.00% 10 Year 8.72% Since Inception 6.98% Date of Inception 06/30/2005 Gross Expense Ratio 1.22% Net Expense Ratio 1.04%
Thrivent Moderately Conservative Allocation Fund¹	5.92%	10.87%	8.18%	7.10%	6.51%	5.67%	06/30/2005	1.16%	1.02%
YTD Return 5.92% 1 Year 10.87% 3 Year 8.18% 5 Year 7.10% 10 Year 6.51% Since Inception 5.67% Date of Inception 06/30/2005 Gross Expense Ratio 1.16% Net Expense Ratio 1.02%
Thrivent Balanced Income Plus Fund	10.42%	19.39%	8.69%	8.23%	8.40%	6.06%	12/29/1997	1.05%	1.05%
YTD Return 10.42% 1 Year 19.39% 3 Year 8.69% 5 Year 8.23% 10 Year 8.40% Since Inception 6.06% Date of Inception 12/29/1997 Gross Expense Ratio 1.05% Net Expense Ratio 1.05%
Thrivent Diversified Income Plus Fund	5.72%	11.70%	6.44%	6.30%	6.60%	5.22%	01/08/1997	0.96%	0.96%
YTD Return 5.72% 1 Year 11.70% 3 Year 6.44% 5 Year 6.30% 10 Year 6.60% Since Inception 5.22% Date of Inception 01/08/1997 Gross Expense Ratio 0.96% Net Expense Ratio 0.96%
Thrivent Opportunity Income Plus Fund²	1.72%	4.60%	4.05%	3.45%	3.36%	5.31%	07/16/1987	0.91%	0.91%
YTD Return 1.72% 1 Year 4.60% 3 Year 4.05% 5 Year 3.45% 10 Year 3.36% Since Inception 5.31% Date of Inception 07/16/1987 Gross Expense Ratio 0.91% Net Expense Ratio 0.91%
Thrivent Global Stock Fund	18.23%	31.67%	12.39%	13.59%	11.85%	8.39%	07/16/1987	1.02%	1.02%
YTD Return 18.23% 1 Year 31.67% 3 Year 12.39% 5 Year 13.59% 10 Year 11.85% Since Inception 8.39% Date of Inception 07/16/1987 Gross Expense Ratio 1.02% Net Expense Ratio 1.02%
Thrivent International Allocation Fund²	14.17%	27.82%	7.53%	7.65%	5.95%	3.50%	02/29/2008	1.38%	1.20%
YTD Return 14.17% 1 Year 27.82% 3 Year 7.53% 5 Year 7.65% 10 Year 5.95% Since Inception 3.50% Date of Inception 02/29/2008 Gross Expense Ratio 1.38% Net Expense Ratio 1.20%
Thrivent Large Cap Growth Fund²	20.57%	26.52%	23.56%	24.03%	18.44%	6.91%	10/29/1999	1.12%	1.08%
YTD Return 20.57% 1 Year 26.52% 3 Year 23.56% 5 Year 24.03% 10 Year 18.44% Since Inception 6.91% Date of Inception 10/29/1999 Gross Expense Ratio 1.12% Net Expense Ratio 1.08%
Thrivent Large Cap Value Fund	24.99%	43.43%	11.23%	13.16%	12.94%	6.41%	10/29/1999	0.91%	0.91%
YTD Return 24.99% 1 Year 43.43% 3 Year 11.23% 5 Year 13.16% 10 Year 12.94% Since Inception 6.41% Date of Inception 10/29/1999 Gross Expense Ratio 0.91% Net Expense Ratio 0.91%
Thrivent Mid Cap Stock Fund	21.72%	46.16%	15.45%	17.16%	16.02%	10.64%	06/30/1993	1.04%	1.04%
YTD Return 21.72% 1 Year 46.16% 3 Year 15.45% 5 Year 17.16% 10 Year 16.02% Since Inception 10.64% Date of Inception 06/30/1993 Gross Expense Ratio 1.04% Net Expense Ratio 1.04%
Thrivent Small Cap Stock Fund	21.95%	59.78%	15.26%	18.07%	15.01%	9.89%	07/01/1996	1.15%	1.15%
YTD Return 21.95% 1 Year 59.78% 3 Year 15.26% 5 Year 18.07% 10 Year 15.01% Since Inception 9.89% Date of Inception 07/01/1996 Gross Expense Ratio 1.15% Net Expense Ratio 1.15%
Thrivent Government Bond Fund²	-1.06%	-1.44%	4.10%	2.06%	2.05%	2.67%	02/26/2010	1.08%	0.85%
YTD Return -1.06% 1 Year -1.44% 3 Year 4.10% 5 Year 2.06% 10 Year 2.05% Since Inception 2.67% Date of Inception 02/26/2010 Gross Expense Ratio 1.08% Net Expense Ratio 0.85%
Thrivent High Yield Fund	3.42%	8.21%	4.87%	4.88%	5.83%	6.34%	04/03/1987	0.80%	0.80%
YTD Return 3.42% 1 Year 8.21% 3 Year 4.87% 5 Year 4.88% 10 Year 5.83% Since Inception 6.34% Date of Inception 04/03/1987 Gross Expense Ratio 0.80% Net Expense Ratio 0.80%
Thrivent Income Fund	0.15%	3.58%	7.84%	4.89%	5.02%	6.95%	06/01/1972	0.76%	0.76%
YTD Return 0.15% 1 Year 3.58% 3 Year 7.84% 5 Year 4.89% 10 Year 5.02% Since Inception 6.95% Date of Inception 06/01/1972 Gross Expense Ratio 0.76% Net Expense Ratio 0.76%
Thrivent Limited Maturity Bond Fund	0.47%	1.48%	3.00%	2.35%	1.95%	3.12%	10/29/1999	0.60%	0.60%
YTD Return 0.47% 1 Year 1.48% 3 Year 3.00% 5 Year 2.35% 10 Year 1.95% Since Inception 3.12% Date of Inception 10/29/1999 Gross Expense Ratio 0.60% Net Expense Ratio 0.60%
Thrivent Money Market Fund²	0.00%	0.00%	0.88%	0.71%	0.35%	2.66%	03/10/1988	0.61%	0.46%
YTD Return 0.00% 1 Year 0.00% 3 Year 0.88% 5 Year 0.71% 10 Year 0.35% Since Inception 2.66% Date of Inception 03/10/1988 Gross Expense Ratio 0.61% Net Expense Ratio 0.46%
Thrivent Municipal Bond Fund	1.99%	4.19%	4.78%	2.82%	3.79%	5.48%	12/03/1976	0.74%	0.74%
YTD Return 1.99% 1 Year 4.19% 3 Year 4.78% 5 Year 2.82% 10 Year 3.79% 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 : -0.54%

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	7.35%	33.91%	12.26%	13.84%	10.07%	8.23%	06/30/2005	4.50%⁴	1.40%	1.20%
YTD Return 7.35% 1 Year 33.91% 3 Year 12.26% 5 Year 13.84% 10 Year 10.07% Since Inception 8.23% 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	4.49%	23.53%	10.37%	11.20%	8.64%	7.34%	06/30/2005	4.50%⁴	1.33%	1.11%
YTD Return 4.49% 1 Year 23.53% 3 Year 10.37% 5 Year 11.20% 10 Year 8.64% Since Inception 7.34% 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	2.22%	17.01%	9.17%	9.06%	7.28%	6.55%	06/30/2005	4.50%⁴	1.22%	1.04%
YTD Return 2.22% 1 Year 17.01% 3 Year 9.17% 5 Year 9.06% 10 Year 7.28% Since Inception 6.55% 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	-0.93%	8.39%	6.63%	6.20%	5.40%	5.29%	06/30/2005	4.50%⁴	1.16%	1.02%
YTD Return -0.93% 1 Year 8.39% 3 Year 6.63% 5 Year 6.20% 10 Year 5.40% Since Inception 5.29% 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	2.94%	19.05%	6.97%	7.38%	6.85%	5.79%	12/29/1997	4.50%⁴	1.05%	1.05%
YTD Return 2.94% 1 Year 19.05% 3 Year 6.97% 5 Year 7.38% 10 Year 6.85% Since Inception 5.79% 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	-0.43%	10.24%	4.90%	5.61%	5.60%	5.00%	01/08/1997	4.50%	0.96%	0.96%
YTD Return -0.43% 1 Year 10.24% 3 Year 4.90% 5 Year 5.61% 10 Year 5.60% Since Inception 5.00% 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	-3.56%	1.91%	2.49%	2.78%	2.98%	5.18%	07/16/1987	4.50%	0.91%	0.91%
YTD Return -3.56% 1 Year 1.91% 3 Year 2.49% 5 Year 2.78% 10 Year 2.98% 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	8.37%	33.50%	10.80%	12.59%	9.86%	8.16%	07/16/1987	4.50%⁴	1.02%	1.02%
YTD Return 8.37% 1 Year 33.50% 3 Year 10.80% 5 Year 12.59% 10 Year 9.86% Since Inception 8.16% 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	5.65%	27.12%	4.82%	7.06%	4.22%	2.94%	02/29/2008	4.50%⁴	1.38%	1.20%
YTD Return 5.65% 1 Year 27.12% 3 Year 4.82% 5 Year 7.06% 10 Year 4.22% Since Inception 2.94% 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	8.67%	35.28%	22.87%	22.69%	16.24%	6.45%	10/29/1999	4.50%⁴	1.12%	1.08%
YTD Return 8.67% 1 Year 35.28% 3 Year 22.87% 5 Year 22.69% 10 Year 16.24% Since Inception 6.45% 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	15.49%	42.33%	10.93%	12.62%	10.80%	6.07%	10/29/1999	4.50%⁴	0.91%	0.91%
YTD Return 15.49% 1 Year 42.33% 3 Year 10.93% 5 Year 12.62% 10 Year 10.80% Since Inception 6.07% 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	11.72%	50.04%	14.18%	16.78%	13.32%	10.38%	06/30/1993	4.50%⁴	1.04%	1.04%
YTD Return 11.72% 1 Year 50.04% 3 Year 14.18% 5 Year 16.78% 10 Year 13.32% Since Inception 10.38% 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	14.88%	65.15%	15.18%	18.40%	12.34%	9.70%	07/01/1996	4.50%⁴	1.15%	1.15%
YTD Return 14.88% 1 Year 65.15% 3 Year 15.18% 5 Year 18.40% 10 Year 12.34% Since Inception 9.70% 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	-3.77%	-3.91%	3.22%	1.49%	2.17%	2.47%	02/26/2010	4.50%	1.08%	0.85%
YTD Return -3.77% 1 Year -3.91% 3 Year 3.22% 5 Year 1.49% 10 Year 2.17% Since Inception 2.47% 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	-1.93%	7.58%	3.64%	4.57%	4.89%	6.21%	04/03/1987	4.50%	0.80%	0.80%
YTD Return -1.93% 1 Year 7.58% 3 Year 3.64% 5 Year 4.57% 10 Year 4.89% Since Inception 6.21% Date of Inception 04/03/1987 Max Sales Charge 4.50% Gross Expense Ratio 0.80% Net Expense Ratio 0.80%
Thrivent Income Fund	-5.28%	-0.08%	6.23%	4.12%	4.51%	6.85%	06/01/1972	4.50%	0.76%	0.76%
YTD Return -5.28% 1 Year -0.08% 3 Year 6.23% 5 Year 4.12% 10 Year 4.51% Since Inception 6.85% 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	0.26%	2.16%	3.10%	2.42%	1.93%	3.14%	10/29/1999	N/A	0.60%	0.60%
YTD Return 0.26% 1 Year 2.16% 3 Year 3.10% 5 Year 2.42% 10 Year 1.93% Since Inception 3.14% 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%	0.96%	0.71%	0.35%	2.68%	03/10/1988	N/A	0.61%	0.46%
YTD Return 0.00% 1 Year 0.00% 3 Year 0.96% 5 Year 0.71% 10 Year 0.35% Since Inception 2.68% 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	-2.86%	0.56%	3.18%	1.84%	3.55%	5.39%	12/03/1976	4.50%	0.74%	0.74%
YTD Return -2.86% 1 Year 0.56% 3 Year 3.18% 5 Year 1.84% 10 Year 3.55% Since Inception 5.39% 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 : -0.54%

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	12.44%	40.20%	14.00%	14.89%	10.58%	8.55%	06/30/2005	1.40%	1.20%
YTD Return 12.44% 1 Year 40.20% 3 Year 14.00% 5 Year 14.89% 10 Year 10.58% Since Inception 8.55% Date of Inception 06/30/2005 Gross Expense Ratio 1.40% Net Expense Ratio 1.20%
Thrivent Moderately Aggressive Allocation Fund¹	9.41%	29.35%	12.06%	12.23%	9.14%	7.65%	06/30/2005	1.33%	1.11%
YTD Return 9.41% 1 Year 29.35% 3 Year 12.06% 5 Year 12.23% 10 Year 9.14% Since Inception 7.65% Date of Inception 06/30/2005 Gross Expense Ratio 1.33% Net Expense Ratio 1.11%
Thrivent Moderate Allocation Fund¹	7.04%	22.52%	10.85%	10.07%	7.77%	6.86%	06/30/2005	1.22%	1.04%
YTD Return 7.04% 1 Year 22.52% 3 Year 10.85% 5 Year 10.07% 10 Year 7.77% Since Inception 6.86% Date of Inception 06/30/2005 Gross Expense Ratio 1.22% Net Expense Ratio 1.04%
Thrivent Moderately Conservative Allocation Fund¹	3.72%	13.52%	8.27%	7.19%	5.89%	5.59%	06/30/2005	1.16%	1.02%
YTD Return 3.72% 1 Year 13.52% 3 Year 8.27% 5 Year 7.19% 10 Year 5.89% Since Inception 5.59% Date of Inception 06/30/2005 Gross Expense Ratio 1.16% Net Expense Ratio 1.02%
Thrivent Balanced Income Plus Fund	7.82%	24.62%	8.64%	8.37%	7.34%	6.00%	12/29/1997	1.05%	1.05%
YTD Return 7.82% 1 Year 24.62% 3 Year 8.64% 5 Year 8.37% 10 Year 7.34% Since Inception 6.00% Date of Inception 12/29/1997 Gross Expense Ratio 1.05% Net Expense Ratio 1.05%
Thrivent Diversified Income Plus Fund	4.22%	15.40%	6.54%	6.57%	6.08%	5.20%	01/08/1997	0.96%	0.96%
YTD Return 4.22% 1 Year 15.40% 3 Year 6.54% 5 Year 6.57% 10 Year 6.08% Since Inception 5.20% Date of Inception 01/08/1997 Gross Expense Ratio 0.96% Net Expense Ratio 0.96%
Thrivent Opportunity Income Plus Fund²	0.96%	6.68%	4.06%	3.72%	3.45%	5.32%	07/16/1987	0.91%	0.91%
YTD Return 0.96% 1 Year 6.68% 3 Year 4.06% 5 Year 3.72% 10 Year 3.45% Since Inception 5.32% Date of Inception 07/16/1987 Gross Expense Ratio 0.91% Net Expense Ratio 0.91%
Thrivent Global Stock Fund	13.46%	39.76%	12.51%	13.63%	10.37%	8.31%	07/16/1987	1.02%	1.02%
YTD Return 13.46% 1 Year 39.76% 3 Year 12.51% 5 Year 13.63% 10 Year 10.37% Since Inception 8.31% Date of Inception 07/16/1987 Gross Expense Ratio 1.02% Net Expense Ratio 1.02%
Thrivent International Allocation Fund²	10.60%	33.08%	6.43%	8.04%	4.70%	3.30%	02/29/2008	1.38%	1.20%
YTD Return 10.60% 1 Year 33.08% 3 Year 6.43% 5 Year 8.04% 10 Year 4.70% Since Inception 3.30% Date of Inception 02/29/2008 Gross Expense Ratio 1.38% Net Expense Ratio 1.20%
Thrivent Large Cap Growth Fund²	13.78%	41.69%	24.77%	23.83%	16.78%	6.68%	10/29/1999	1.12%	1.08%
YTD Return 13.78% 1 Year 41.69% 3 Year 24.77% 5 Year 23.83% 10 Year 16.78% Since Inception 6.68% Date of Inception 10/29/1999 Gross Expense Ratio 1.12% Net Expense Ratio 1.08%
Thrivent Large Cap Value Fund	20.95%	49.05%	12.64%	13.67%	11.31%	6.30%	10/29/1999	0.91%	0.91%
YTD Return 20.95% 1 Year 49.05% 3 Year 12.64% 5 Year 13.67% 10 Year 11.31% Since Inception 6.30% Date of Inception 10/29/1999 Gross Expense Ratio 0.91% Net Expense Ratio 0.91%
Thrivent Mid Cap Stock Fund	17.00%	57.12%	15.94%	17.86%	13.85%	10.56%	06/30/1993	1.04%	1.04%
YTD Return 17.00% 1 Year 57.12% 3 Year 15.94% 5 Year 17.86% 10 Year 13.85% Since Inception 10.56% Date of Inception 06/30/1993 Gross Expense Ratio 1.04% Net Expense Ratio 1.04%
Thrivent Small Cap Stock Fund	20.31%	72.98%	16.97%	19.49%	12.85%	9.90%	07/01/1996	1.15%	1.15%
YTD Return 20.31% 1 Year 72.98% 3 Year 16.97% 5 Year 19.49% 10 Year 12.85% Since Inception 9.90% Date of Inception 07/01/1996 Gross Expense Ratio 1.15% Net Expense Ratio 1.15%
Thrivent Government Bond Fund²	-1.81%	-1.92%	3.93%	1.90%	2.38%	2.64%	02/26/2010	1.08%	0.85%
YTD Return -1.81% 1 Year -1.92% 3 Year 3.93% 5 Year 1.90% 10 Year 2.38% Since Inception 2.64% Date of Inception 02/26/2010 Gross Expense Ratio 1.08% Net Expense Ratio 0.85%
Thrivent High Yield Fund	2.67%	12.75%	5.23%	5.54%	5.38%	6.35%	04/03/1987	0.80%	0.80%
YTD Return 2.67% 1 Year 12.75% 3 Year 5.23% 5 Year 5.54% 10 Year 5.38% Since Inception 6.35% Date of Inception 04/03/1987 Gross Expense Ratio 0.80% Net Expense Ratio 0.80%
Thrivent Income Fund	-0.86%	4.66%	7.89%	5.09%	4.99%	6.95%	06/01/1972	0.76%	0.76%
YTD Return -0.86% 1 Year 4.66% 3 Year 7.89% 5 Year 5.09% 10 Year 4.99% Since Inception 6.95% Date of Inception 06/01/1972 Gross Expense Ratio 0.76% Net Expense Ratio 0.76%
Thrivent Limited Maturity Bond Fund	0.26%	2.16%	3.10%	2.42%	1.93%	3.14%	10/29/1999	0.60%	0.60%
YTD Return 0.26% 1 Year 2.16% 3 Year 3.10% 5 Year 2.42% 10 Year 1.93% Since Inception 3.14% Date of Inception 10/29/1999 Gross Expense Ratio 0.60% Net Expense Ratio 0.60%
Thrivent Money Market Fund²	0.00%	0.00%	0.96%	0.71%	0.35%	2.68%	03/10/1988	0.61%	0.46%
YTD Return 0.00% 1 Year 0.00% 3 Year 0.96% 5 Year 0.71% 10 Year 0.35% Since Inception 2.68% Date of Inception 03/10/1988 Gross Expense Ratio 0.61% Net Expense Ratio 0.46%
Thrivent Municipal Bond Fund	1.72%	5.32%	4.76%	2.78%	4.03%	5.50%	12/03/1976	0.74%	0.74%
YTD Return 1.72% 1 Year 5.32% 3 Year 4.76% 5 Year 2.78% 10 Year 4.03% Since Inception 5.50% 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 : -0.54%

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	17.10%	31.85%	13.89%	14.95%	12.46%	9.08%	06/30/2005	1.23%	1.03%
YTD Return 17.10% 1 Year 31.85% 3 Year 13.89% 5 Year 14.95% 10 Year 12.46% Since Inception 9.08% Date of Inception 06/30/2005 Gross Expense Ratio 1.23% Net Expense Ratio 1.03%
Thrivent Moderately Aggressive Allocation Fund¹	13.62%	23.68%	12.20%	12.37%	10.75%	8.15%	06/30/2005	1.13%	0.91%
YTD Return 13.62% 1 Year 23.68% 3 Year 12.20% 5 Year 12.37% 10 Year 10.75% Since Inception 8.15% Date of Inception 06/30/2005 Gross Expense Ratio 1.13% Net Expense Ratio 0.91%
Thrivent Moderate Allocation Fund¹	10.56%	18.43%	11.10%	10.27%	9.04%	7.31%	06/30/2005	0.99%	0.81%
YTD Return 10.56% 1 Year 18.43% 3 Year 11.10% 5 Year 10.27% 10 Year 9.04% Since Inception 7.31% Date of Inception 06/30/2005 Gross Expense Ratio 0.99% Net Expense Ratio 0.81%
Thrivent Moderately Conservative Allocation Fund¹	6.10%	11.09%	8.44%	7.38%	6.82%	5.97%	06/30/2005	0.92%	0.78%
YTD Return 6.10% 1 Year 11.09% 3 Year 8.44% 5 Year 7.38% 10 Year 6.82% Since Inception 5.97% Date of Inception 06/30/2005 Gross Expense Ratio 0.92% Net Expense Ratio 0.78%
Thrivent Balanced Income Plus Fund	10.51%	19.67%	8.96%	8.54%	8.78%	6.48%	12/29/1997	0.79%	0.79%
YTD Return 10.51% 1 Year 19.67% 3 Year 8.96% 5 Year 8.54% 10 Year 8.78% Since Inception 6.48% Date of Inception 12/29/1997 Gross Expense Ratio 0.79% Net Expense Ratio 0.79%
Thrivent Diversified Income Plus Fund	5.96%	11.95%	6.72%	6.58%	6.89%	5.23%	12/29/1997	0.72%	0.72%
YTD Return 5.96% 1 Year 11.95% 3 Year 6.72% 5 Year 6.58% 10 Year 6.89% Since Inception 5.23% Date of Inception 12/29/1997 Gross Expense Ratio 0.72% Net Expense Ratio 0.72%
Thrivent Opportunity Income Plus Fund	1.89%	4.87%	4.33%	3.72%	3.62%	4.68%	12/29/1997	0.64%	0.64%
YTD Return 1.89% 1 Year 4.87% 3 Year 4.33% 5 Year 3.72% 10 Year 3.62% Since Inception 4.68% Date of Inception 12/29/1997 Gross Expense Ratio 0.64% Net Expense Ratio 0.64%
Thrivent Global Stock Fund	18.51%	32.16%	12.79%	13.99%	12.29%	6.86%	12/29/1997	0.66%	0.66%
YTD Return 18.51% 1 Year 32.16% 3 Year 12.79% 5 Year 13.99% 10 Year 12.29% Since Inception 6.86% Date of Inception 12/29/1997 Gross Expense Ratio 0.66% Net Expense Ratio 0.66%
Thrivent International Allocation Fund	14.49%	28.30%	7.98%	8.07%	6.36%	3.89%	02/29/2008	0.81%	0.81%
YTD Return 14.49% 1 Year 28.30% 3 Year 7.98% 5 Year 8.07% 10 Year 6.36% Since Inception 3.89% Date of Inception 02/29/2008 Gross Expense Ratio 0.81% Net Expense Ratio 0.81%
Thrivent Large Cap Growth Fund	20.82%	26.91%	23.97%	24.47%	18.87%	7.51%	10/29/1999	0.77%	0.77%
YTD Return 20.82% 1 Year 26.91% 3 Year 23.97% 5 Year 24.47% 10 Year 18.87% Since Inception 7.51% Date of Inception 10/29/1999 Gross Expense Ratio 0.77% Net Expense Ratio 0.77%
Thrivent Large Cap Value Fund	25.22%	43.87%	11.62%	13.56%	13.39%	6.98%	10/29/1999	0.54%	0.54%
YTD Return 25.22% 1 Year 43.87% 3 Year 11.62% 5 Year 13.56% 10 Year 13.39% Since Inception 6.98% Date of Inception 10/29/1999 Gross Expense Ratio 0.54% Net Expense Ratio 0.54%
Thrivent Low Volatility Equity Fund²	14.34%	18.77%	10.32%	N/A	N/A	10.11%	02/28/2017	1.44%	0.95%
YTD Return 14.34% 1 Year 18.77% 3 Year 10.32% 5 Year N/A 10 Year N/A Since Inception 10.11% Date of Inception 02/28/2017 Gross Expense Ratio 1.44% Net Expense Ratio 0.95%
Thrivent Mid Cap Growth Fund²	13.73%	35.40%	N/A	N/A	N/A	44.87%	02/28/2020	3.38%	0.90%
YTD Return 13.73% 1 Year 35.40% 3 Year N/A 5 Year N/A 10 Year N/A Since Inception 44.87% Date of Inception 02/28/2020 Gross Expense Ratio 3.38% Net Expense Ratio 0.90%
Thrivent Mid Cap Stock Fund	21.94%	46.54%	15.76%	17.49%	16.43%	10.37%	12/29/1997	0.76%	0.76%
YTD Return 21.94% 1 Year 46.54% 3 Year 15.76% 5 Year 17.49% 10 Year 16.43% Since Inception 10.37% Date of Inception 12/29/1997 Gross Expense Ratio 0.76% Net Expense Ratio 0.76%
Thrivent Mid Cap Value Fund²	23.85%	51.97%	N/A	N/A	N/A	35.32%	02/28/2020	3.54%	0.90%
YTD Return 23.85% 1 Year 51.97% 3 Year N/A 5 Year N/A 10 Year N/A Since Inception 35.32% Date of Inception 02/28/2020 Gross Expense Ratio 3.54% Net Expense Ratio 0.90%
Thrivent Small Cap Growth Fund²	13.92%	43.73%	21.01%	N/A	N/A	23.94%	02/28/2018	2.47%	0.95%
YTD Return 13.92% 1 Year 43.73% 3 Year 21.01% 5 Year N/A 10 Year N/A Since Inception 23.94% Date of Inception 02/28/2018 Gross Expense Ratio 2.47% Net Expense Ratio 0.95%
Thrivent Small Cap Stock Fund	22.18%	60.29%	15.61%	18.44%	15.48%	9.93%	12/29/1997	0.84%	0.84%
YTD Return 22.18% 1 Year 60.29% 3 Year 15.61% 5 Year 18.44% 10 Year 15.48% Since Inception 9.93% Date of Inception 12/29/1997 Gross Expense Ratio 0.84% Net Expense Ratio 0.84%
Thrivent Government Bond Fund	-1.03%	-1.26%	4.23%	2.16%	2.25%	2.89%	02/26/2010	0.73%	0.73%
YTD Return -1.03% 1 Year -1.26% 3 Year 4.23% 5 Year 2.16% 10 Year 2.25% Since Inception 2.89% Date of Inception 02/26/2010 Gross Expense Ratio 0.73% Net Expense Ratio 0.73%
Thrivent High Income Municipal Bond Fund²	6.38%	11.01%	6.42%	N/A	N/A	6.36%	02/28/2018	1.62%	0.60%
YTD Return 6.38% 1 Year 11.01% 3 Year 6.42% 5 Year N/A 10 Year N/A Since Inception 6.36% Date of Inception 02/28/2018 Gross Expense Ratio 1.62% Net Expense Ratio 0.60%
Thrivent High Yield Fund	3.37%	8.49%	5.14%	5.14%	6.13%	5.03%	10/31/1997	0.53%	0.53%
YTD Return 3.37% 1 Year 8.49% 3 Year 5.14% 5 Year 5.14% 10 Year 6.13% Since Inception 5.03% Date of Inception 10/31/1997 Gross Expense Ratio 0.53% Net Expense Ratio 0.53%
Thrivent Income Fund	0.33%	3.77%	8.16%	5.20%	5.37%	5.56%	10/31/1997	0.47%	0.47%
YTD Return 0.33% 1 Year 3.77% 3 Year 8.16% 5 Year 5.20% 10 Year 5.37% Since Inception 5.56% Date of Inception 10/31/1997 Gross Expense Ratio 0.47% Net Expense Ratio 0.47%
Thrivent Limited Maturity Bond Fund	0.64%	1.63%	3.17%	2.53%	2.17%	3.41%	10/29/1999	0.43%	0.43%
YTD Return 0.64% 1 Year 1.63% 3 Year 3.17% 5 Year 2.53% 10 Year 2.17% Since Inception 3.41% Date of Inception 10/29/1999 Gross Expense Ratio 0.43% Net Expense Ratio 0.43%
Thrivent Money Market Fund²	0.00%	0.00%	0.94%	0.82%	0.41%	1.82%	12/29/1997	0.49%	0.39%
YTD Return 0.00% 1 Year 0.00% 3 Year 0.94% 5 Year 0.82% 10 Year 0.41% Since Inception 1.82% Date of Inception 12/29/1997 Gross Expense Ratio 0.49% Net Expense Ratio 0.39%
Thrivent Multidimensional Income Fund²	5.84%	12.72%	6.80%	N/A	N/A	5.61%	02/28/2017	1.68%	1.17%
YTD Return 5.84% 1 Year 12.72% 3 Year 6.80% 5 Year N/A 10 Year N/A Since Inception 5.61% Date of Inception 02/28/2017 Gross Expense Ratio 1.68% Net Expense Ratio 1.17%
Thrivent Municipal Bond Fund	2.13%	4.40%	4.99%	3.04%	4.03%	4.63%	10/31/1997	0.54%	0.54%
YTD Return 2.13% 1 Year 4.40% 3 Year 4.99% 5 Year 3.04% 10 Year 4.03% Since Inception 4.63% 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 : -0.45%

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	12.47%	40.48%	14.20%	15.15%	10.93%	8.91%	06/30/2005	1.23%	1.03%
YTD Return 12.47% 1 Year 40.48% 3 Year 14.20% 5 Year 15.15% 10 Year 10.93% Since Inception 8.91% Date of Inception 06/30/2005 Gross Expense Ratio 1.23% Net Expense Ratio 1.03%
Thrivent Moderately Aggressive Allocation Fund¹	9.50%	29.59%	12.33%	12.50%	9.47%	8.00%	06/30/2005	1.13%	0.91%
YTD Return 9.50% 1 Year 29.59% 3 Year 12.33% 5 Year 12.50% 10 Year 9.47% Since Inception 8.00% Date of Inception 06/30/2005 Gross Expense Ratio 1.13% Net Expense Ratio 0.91%
Thrivent Moderate Allocation Fund¹	7.21%	22.81%	11.13%	10.35%	8.10%	7.19%	06/30/2005	0.99%	0.81%
YTD Return 7.21% 1 Year 22.81% 3 Year 11.13% 5 Year 10.35% 10 Year 8.10% Since Inception 7.19% Date of Inception 06/30/2005 Gross Expense Ratio 0.99% Net Expense Ratio 0.81%
Thrivent Moderately Conservative Allocation Fund¹	3.91%	13.83%	8.56%	7.48%	6.20%	5.89%	06/30/2005	0.92%	0.78%
YTD Return 3.91% 1 Year 13.83% 3 Year 8.56% 5 Year 7.48% 10 Year 6.20% Since Inception 5.89% Date of Inception 06/30/2005 Gross Expense Ratio 0.92% Net Expense Ratio 0.78%
Thrivent Balanced Income Plus Fund	7.90%	25.02%	8.93%	8.68%	7.72%	6.42%	12/29/1997	0.79%	0.79%
YTD Return 7.90% 1 Year 25.02% 3 Year 8.93% 5 Year 8.68% 10 Year 7.72% Since Inception 6.42% Date of Inception 12/29/1997 Gross Expense Ratio 0.79% Net Expense Ratio 0.79%
Thrivent Diversified Income Plus Fund	4.39%	15.70%	6.78%	6.86%	6.37%	5.20%	12/29/1997	0.72%	0.72%
YTD Return 4.39% 1 Year 15.70% 3 Year 6.78% 5 Year 6.86% 10 Year 6.37% Since Inception 5.20% Date of Inception 12/29/1997 Gross Expense Ratio 0.72% Net Expense Ratio 0.72%
Thrivent Opportunity Income Plus Fund	1.09%	6.96%	4.34%	3.99%	3.72%	4.68%	12/29/1997	0.64%	0.64%
YTD Return 1.09% 1 Year 6.96% 3 Year 4.34% 5 Year 3.99% 10 Year 3.72% Since Inception 4.68% Date of Inception 12/29/1997 Gross Expense Ratio 0.64% Net Expense Ratio 0.64%
Thrivent Global Stock Fund	13.64%	40.25%	12.89%	14.03%	10.80%	6.72%	12/29/1997	0.66%	0.66%
YTD Return 13.64% 1 Year 40.25% 3 Year 12.89% 5 Year 14.03% 10 Year 10.80% Since Inception 6.72% Date of Inception 12/29/1997 Gross Expense Ratio 0.66% Net Expense Ratio 0.66%
Thrivent International Allocation Fund	10.84%	33.58%	6.85%	8.46%	5.11%	3.69%	02/29/2008	0.81%	0.81%
YTD Return 10.84% 1 Year 33.58% 3 Year 6.85% 5 Year 8.46% 10 Year 5.11% Since Inception 3.69% Date of Inception 02/29/2008 Gross Expense Ratio 0.81% Net Expense Ratio 0.81%
Thrivent Large Cap Growth Fund	13.96%	42.12%	25.17%	24.29%	17.22%	7.28%	10/29/1999	0.77%	0.77%
YTD Return 13.96% 1 Year 42.12% 3 Year 25.17% 5 Year 24.29% 10 Year 17.22% Since Inception 7.28% Date of Inception 10/29/1999 Gross Expense Ratio 0.77% Net Expense Ratio 0.77%
Thrivent Large Cap Value Fund	21.16%	49.56%	13.04%	14.07%	11.76%	6.87%	10/29/1999	0.54%	0.54%
YTD Return 21.16% 1 Year 49.56% 3 Year 13.04% 5 Year 14.07% 10 Year 11.76% Since Inception 6.87% Date of Inception 10/29/1999 Gross Expense Ratio 0.54% Net Expense Ratio 0.54%
Thrivent Low Volatility Equity Fund²	8.62%	20.68%	9.90%	N/A	N/A	9.23%	02/28/2017	1.44%	0.95%
YTD Return 8.62% 1 Year 20.68% 3 Year 9.90% 5 Year N/A 10 Year N/A Since Inception 9.23% Date of Inception 02/28/2017 Gross Expense Ratio 1.44% Net Expense Ratio 0.95%
Thrivent Mid Cap Growth Fund²	7.30%	42.79%	N/A	N/A	N/A	45.38%	02/28/2020	3.38%	0.90%
YTD Return 7.30% 1 Year 42.79% 3 Year N/A 5 Year N/A 10 Year N/A Since Inception 45.38% Date of Inception 02/28/2020 Gross Expense Ratio 3.38% Net Expense Ratio 0.90%
Thrivent Mid Cap Stock Fund	17.15%	57.52%	16.25%	18.21%	14.26%	10.26%	12/29/1997	0.76%	0.76%
YTD Return 17.15% 1 Year 57.52% 3 Year 16.25% 5 Year 18.21% 10 Year 14.26% Since Inception 10.26% Date of Inception 12/29/1997 Gross Expense Ratio 0.76% Net Expense Ratio 0.76%
Thrivent Mid Cap Value Fund²	22.04%	58.44%	N/A	N/A	N/A	39.08%	02/28/2020	3.54%	0.90%
YTD Return 22.04% 1 Year 58.44% 3 Year N/A 5 Year N/A 10 Year N/A Since Inception 39.08% Date of Inception 02/28/2020 Gross Expense Ratio 3.54% Net Expense Ratio 0.90%
Thrivent Small Cap Growth Fund²	10.14%	56.72%	22.78%	N/A	N/A	24.05%	02/28/2018	2.47%	0.95%
YTD Return 10.14% 1 Year 56.72% 3 Year 22.78% 5 Year N/A 10 Year N/A Since Inception 24.05% Date of Inception 02/28/2018 Gross Expense Ratio 2.47% Net Expense Ratio 0.95%
Thrivent Small Cap Stock Fund	20.46%	73.40%	17.30%	19.85%	13.32%	9.94%	12/29/1997	0.84%	0.84%
YTD Return 20.46% 1 Year 73.40% 3 Year 17.30% 5 Year 19.85% 10 Year 13.32% Since Inception 9.94% Date of Inception 12/29/1997 Gross Expense Ratio 0.84% Net Expense Ratio 0.84%
Thrivent Government Bond Fund	-1.81%	-1.84%	4.06%	2.01%	2.59%	2.87%	02/26/2010	0.73%	0.73%
YTD Return -1.81% 1 Year -1.84% 3 Year 4.06% 5 Year 2.01% 10 Year 2.59% 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	5.57%	13.25%	6.23%	N/A	N/A	6.45%	02/28/2018	1.62%	0.60%
YTD Return 5.57% 1 Year 13.25% 3 Year 6.23% 5 Year N/A 10 Year N/A Since Inception 6.45% Date of Inception 02/28/2018 Gross Expense Ratio 1.62% Net Expense Ratio 0.60%
Thrivent High Yield Fund	2.80%	13.29%	5.58%	5.85%	5.70%	5.04%	10/31/1997	0.53%	0.53%
YTD Return 2.80% 1 Year 13.29% 3 Year 5.58% 5 Year 5.85% 10 Year 5.70% Since Inception 5.04% Date of Inception 10/31/1997 Gross Expense Ratio 0.53% Net Expense Ratio 0.53%
Thrivent Income Fund	-0.72%	4.95%	8.21%	5.41%	5.33%	5.55%	10/31/1997	0.47%	0.47%
YTD Return -0.72% 1 Year 4.95% 3 Year 8.21% 5 Year 5.41% 10 Year 5.33% Since Inception 5.55% Date of Inception 10/31/1997 Gross Expense Ratio 0.47% Net Expense Ratio 0.47%
Thrivent Limited Maturity Bond Fund	0.42%	2.40%	3.28%	2.62%	2.15%	3.42%	10/29/1999	0.43%	0.43%
YTD Return 0.42% 1 Year 2.40% 3 Year 3.28% 5 Year 2.62% 10 Year 2.15% Since Inception 3.42% Date of Inception 10/29/1999 Gross Expense Ratio 0.43% Net Expense Ratio 0.43%
Thrivent Money Market Fund²	0.00%	0.00%	1.03%	0.82%	0.41%	1.83%	12/29/1997	0.49%	0.39%
YTD Return 0.00% 1 Year 0.00% 3 Year 1.03% 5 Year 0.82% 10 Year 0.41% Since Inception 1.83% Date of Inception 12/29/1997 Gross Expense Ratio 0.49% Net Expense Ratio 0.39%
Thrivent Multidimensional Income Fund²	5.04%	18.51%	6.91%	N/A	N/A	5.65%	02/28/2017	1.68%	1.17%
YTD Return 5.04% 1 Year 18.51% 3 Year 6.91% 5 Year N/A 10 Year N/A Since Inception 5.65% Date of Inception 02/28/2017 Gross Expense Ratio 1.68% Net Expense Ratio 1.17%
Thrivent Municipal Bond Fund	1.74%	5.44%	4.95%	2.98%	4.26%	4.65%	10/31/1997	0.54%	0.54%
YTD Return 1.74% 1 Year 5.44% 3 Year 4.95% 5 Year 2.98% 10 Year 4.26% Since Inception 4.65% 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 : -0.45%

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:	603	603	520	357
Overall Morningstar Rating^™ # Peer Funds: 603 3-Year # Peer Funds: 603 5-Year # Peer Funds: 520 10-Year # Peer Funds: 357
Thrivent Mid Cap Stock Fund (Mid-Cap Blend) # Peer Funds:	360	360	301	205
Overall Morningstar Rating^™ # Peer Funds: 360 3-Year # Peer Funds: 360 5-Year # Peer Funds: 301 10-Year # Peer Funds: 205
Thrivent Diversified Income Plus Fund (Allocation--15% to 30% Equity) # Peer Funds:	179	179	163	104
Overall Morningstar Rating^™ # Peer Funds: 179 3-Year # Peer Funds: 179 5-Year # Peer Funds: 163 10-Year # Peer Funds: 104
Thrivent Aggressive Allocation Fund¹ (Allocation--85%+ Equity) # Peer Funds:	151	151	136	96
Overall Morningstar Rating^™ # Peer Funds: 151 3-Year # Peer Funds: 151 5-Year # Peer Funds: 136 10-Year # Peer Funds: 96
Thrivent Income Fund (Corporate Bond) # Peer Funds:	187	187	146	88
Overall Morningstar Rating^™ # Peer Funds: 187 3-Year # Peer Funds: 187 5-Year # Peer Funds: 146 10-Year # Peer Funds: 88
Thrivent Large Cap Growth Fund (Large Growth) # Peer Funds:	1,128	1,128	1,020	760
Overall Morningstar Rating^™ # Peer Funds: 1,128 3-Year # Peer Funds: 1,128 5-Year # Peer Funds: 1,020 10-Year # Peer Funds: 760
Thrivent Moderately Aggressive Allocation Fund¹ (Allocation--70% to 85% Equity) # Peer Funds:	289	289	263	185
Overall Morningstar Rating^™ # Peer Funds: 289 3-Year # Peer Funds: 289 5-Year # Peer Funds: 263 10-Year # Peer Funds: 185
Thrivent Small Cap Growth Fund² (Small Growth) # Peer Funds:	575	575	N/A	N/A
Overall Morningstar Rating^™ # Peer Funds: 575 3-Year # Peer Funds: 575 5-Year # Peer Funds: N/A 10-Year # Peer Funds: N/A
Thrivent Balanced Income Plus Fund (Allocation--30% to 50% Equity) # Peer Funds:	479	479	427	274
Overall Morningstar Rating^™ # Peer Funds: 479 3-Year # Peer Funds: 479 5-Year # Peer Funds: 427 10-Year # Peer Funds: 274
Thrivent Large Cap Value Fund (Large Value) # Peer Funds:	1,148	1,148	1,019	753
Overall Morningstar Rating^™ # Peer Funds: 1,148 3-Year # Peer Funds: 1,148 5-Year # Peer Funds: 1,019 10-Year # Peer Funds: 753
Thrivent Global Stock Fund (World Large-Stock Blend) # Peer Funds:	284	284	250	144
Overall Morningstar Rating^™ # Peer Funds: 284 3-Year # Peer Funds: 284 5-Year # Peer Funds: 250 10-Year # Peer Funds: 144

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:	603	603	520	357
Overall Morningstar Rating^™ # Peer Funds: 603 3-Year # Peer Funds: 603 5-Year # Peer Funds: 520 10-Year # Peer Funds: 357
Thrivent Mid Cap Stock Fund (Mid-Cap Blend) # Peer Funds:	360	360	301	205
Overall Morningstar Rating^™ # Peer Funds: 360 3-Year # Peer Funds: 360 5-Year # Peer Funds: 301 10-Year # Peer Funds: 205
Thrivent Balanced Income Plus Fund (Allocation--30% to 50% Equity) # Peer Funds:	479	479	427	274
Overall Morningstar Rating^™ # Peer Funds: 479 3-Year # Peer Funds: 479 5-Year # Peer Funds: 427 10-Year # Peer Funds: 274
Thrivent Global Stock Fund (World Large-Stock Blend) # Peer Funds:	284	284	250	144
Overall Morningstar Rating^™ # Peer Funds: 284 3-Year # Peer Funds: 284 5-Year # Peer Funds: 250 10-Year # Peer Funds: 144
Thrivent Diversified Income Plus Fund (Allocation--15% to 30% Equity) # Peer Funds:	179	179	163	104
Overall Morningstar Rating^™ # Peer Funds: 179 3-Year # Peer Funds: 179 5-Year # Peer Funds: 163 10-Year # Peer Funds: 104

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.

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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.