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Thrivent International Allocation Fund —
Class A
TWAAX
TWAAX
Thrivent International Allocation Fund
Class
Risk profile
Conservative Aggressive
Target allocation
90% Developed
10% Emerging
Inception date
2/29/2008
As of
Public offering price
N/A
Net asset value
N/A
Daily NAV change
$N/A
As of N/A
YTD return with sales charge
-20.46%
1-year return with sales charge
-19.22%
As of 07/29/2022
Net annual fund operating expenses
1.20%
As of
Max sales charge
4.50%
As of
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Thrivent International Allocation Fund seeks long-term capital growth.

This fund is a well-diversified portfolio of international securities, which includes companies outside of the United States. It’s designed to provide investors with an all-in-one solution for international equity investing and includes allocations to large, mid and small-cap international companies, across the growth, value, and core investment styles. The Fund also provides exposure to emerging market stocks. Investors should be comfortable with the higher level of volatility that may be associated with international investing.

The Fund may be suitable for investors who:

  • Seek long-term growth and a well-diversified, all-in-one solution for international equity investing
  • Have a long-term investment time horizon and a moderately aggressive risk tolerance
  • Are able to withstand a moderately high level of risk and volatility in pursuit of moderately high long-term returns
Fund management

Our seasoned team of more than 130 investment professionals brings their deep expertise to managing each fund so you can feel confident in the choices you’re making. More than 75% have at least 10 years of experience, more than 45% have more than 20 years of investment experience, and more than 80% have earned the Chartered Financial Analyst designation, an advanced degree, or both.

  • Noah J. Monsen, CFA
    Noah J. Monsen, CFA
    Senior Portfolio Manager
    Managing this fund since 2016

    Mr. Monsen has been with Thrivent since 2000 and has served in an investment management capacity since 2008. Read more.

  • Brian W. Bomgren, CQF
    Brian W. Bomgren, CQF
    Senior Portfolio Manager
    Managing this fund since 2016

    Mr. Bomgren joined Thrivent in 2006 and is a Senior Portfolio Manager. Read more.

  • Goldman Sachs Asset Management, LP
    Goldman Sachs Asset Management, LP
    Subadvisor
    Managing this fund since 2008

    Thrivent Asset Management has engaged Goldman Sachs Asset Management, L.P. (“GSAM”) as an investment subadvisor.


Performance

Performance data cited represents past performance and should not be viewed as an indication of 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.


Average Annualized Returns

as of 07/29/2022
1.20% Net annual fund operating expenses
1.34% Total annual fund operating expenses

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.

The average annualized returns for the fund reflect the current maximum sales charge of 4.50%.

See data by:

Growth of 10K

as of 07/29/2022
$15,238
Total market value
$4,012
Current value of reinvested dividends and capital gains

Calendar year performance

as of 07/29/2022

Characteristics

Performance data cited represents past performance and should not be viewed as an indication of 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.


Holdings breakdown

as of 07/29/2022
Total number of holdings
1130
Turnover ratio (as of 06/30/2022)
94%

Top 10 Holdings

as of 06/30/2022
14.98%
of all holdings
N/A
N/A
Security name % of total assets
Novartis AG 2.41%
Nestle SA 1.79%
Shell plc 1.65%
Canadian National Railway Company 1.60%
TC Energy Corporation 1.48%
CSL, Ltd. 1.30%
Bayer AG 1.27%
Canadian Imperial Bank of Commerce 1.21%
CGI, Inc. 1.16%
Airbus SE 1.11%

Fund Diversification

as of 06/30/2022
N/A
N/A
  • Financials
    17.47%
  • Industrials
    14.38%
  • Health Care
    13.19%
  • Consumer Discretionary
    11.67%
  • Information Technology
    9.59%
  • Materials
    8.62%
  • Energy
    7.82%
  • Consumer Staples
    7.16%
  • Communication Services
    5.68%
  • Real Estate
    2.49%
  • Utilities
    1.83%
  • Miscellaneous
    .11%

Equity characteristics

as of 07/29/2022
P/E Ratio Return on Equity
Thrivent International Allocation Fund 11.09 19.36%
S&P 500® Index 20.16 27.35%

Global Characteristics

as of 07/29/2022
World Economic Classification
Developed International 90.40%
Emerging Markets 8.21%
Frontier Markets 0.12%
United States 1.26%
Top Five Countries (57.87% of fund)
Japan 19.43%
United Kingdom 13.52%
Canada 8.95%
Switzerland 8.46%
France 7.51%

Beta

as of 07/29/2022
TWAAX
0.88
R2=85%
Lower than benchmark
S&P 500 1.0
Higher than benchmark

Volatility

as of 07/29/2022
Standard deviation Average annualized returns (without sales charge)
Thrivent International Allocation Fund 18.37 2.19
S&P 500® Index 19.23 13.36

Ratings

Morningstar

as of 07/31/2022
Category: Foreign Large Blend
Morningstar Information
Funds in category
Overall
690
3-Year
690
5-Year
604
10-Year
416
Risk vs. category
Average
690
Return vs. category
Below Average
690

Morningstar ratings are calculated based on risk-adjusted return.

Equity Style Map
Large
Mid
Small
Value
Blend
Growth
Weighted average of holdings
75% of fund's stock holdings

Distributions

as of 07/29/2022
Dividends Month End Nav Month End Pop
August 2021 $0.0000 $12.17 $12.74
September 2021 $0.0000 $11.72 $12.27
October 2021 $0.0000 $12.13 $12.70
November 2021 $0.0000 $11.61 $12.16
December 2021 $0.2154 $11.11 $11.63
January 2022 $0.0000 $10.58 $11.08
February 2022 $0.0000 $10.25 $10.73
March 2022 $0.0000 $10.28 $10.76
April 2022 $0.0000 $9.59 $10.04
May 2022 $0.0000 $9.71 $10.17
June 2022 $0.0000 $8.81 $9.23
July 2022 $0.0000 $9.25 $9.69

Trailing 12-Months; Dividend Schedule: Paid Annually


Capital gains - trailing 12 months

as of 07/29/2022
Record date Short term capital gains Long term capital gains Total
12/08/2021 $0.1978 $0.6076 $0.8054

Expenses, fees, and charges

Management Fees and Other Expenses 1.09%
Distribution/12b-1 Fee 0.25%
Total Annual Fund Operating Expenses 1.34%
Less Waiver (0.14%)
Net Annual Fund Operating Expenses 1.20%
Redemption Fee None
Transaction Fee None
Low Balance Fee $10 Semiannually
Front-End Sales Charge Max 4.50%
Back-End Sales Charge None

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.


Minimum investment

Initial for non-retirement accounts $2,000
Initial for retirement or tax deferred accounts $1,000
Additional Purchases $50
Initial minimums are waived when a recurring investment of $50 or more is set up

Documents

Title Download View
Prospectus & Fund Documents -
Fund Facts -
Sales Profile -
Schedule of Investment -
Annual Proxy Voting -

Due to rounding, some values may not total 100%.

Strategy

The portfolio management team seeks to achieve its objective by investing primarily in a portfolio of broadly-diversified equity securities of issuers throughout the world. The Fund has a long-term target allocation of approximately 75% international large- and mid-cap companies, 15% international small-cap companies, 7.5% emerging market equity securities, and 2.5% cash and other securities. The investment adviser makes asset allocation decisions among the various asset classes and manages all of the Fund other than a portion of the international small-cap company allocation, which is sub-advised by Goldman Sachs Asset Management.

Risk

Foreign investments involve additional risks, such as currency fluctuations and political, economic and market instability, which may be magnified for investments in emerging markets. The Fund’s value is influenced by a number of factors, including the performance of the broader market, the effectiveness of the Adviser’s allocation strategy, and risks specific to the Fund’s asset classes, market cap groups, investment styles, and issuers. Markets may also be impacted by domestic or global events, including public health threats, terrorism, natural disasters or similar events. The use of quantitative investing techniques and derivatives such as futures also involve risks. The Adviser's assessment of investments and ESG considerations may prove incorrect, resulting in losses or poor performance. The investment style employed by the Subadviser may not be complementary to that of the Adviser. The Fund may engage in active and frequent trading of portfolio securities, which may result in higher transaction costs and higher taxes. In unusual circumstances, the Fund could experience a loss when selling portfolio securities to meet redemption requests for a variety of reasons. These and other risks are described in the prospectus.