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Thrivent International Allocation Fund —
Class S
TWAIX
TWAIX
Thrivent International Allocation Fund
Class
Risk profile
Conservative Aggressive
Target allocation
90% Developed
10% Emerging
Inception date
2/29/2008
As of
Net asset value
-
Daily NAV change
-
As of N/A
YTD return
4.70%
1-year return
14.76%
As of 03/28/2024
Net annual fund operating expenses
0.81%
As of
Sales charge
None
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 140 investment professionals brings their deep expertise to managing each fund so you can feel confident in the choices you’re making. More than 80% have at least 10 years of experience, more than 50% 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.

  • Jing Wang, CFA
    Jing Wang, CFA
    Senior Portfolio Manager
    Managing this fund since 2023

    Mr. Wang joined Thrivent in 2019 and is a senior portfolio manager. Read more.

  • Shu Guo
    Shu Guo
    Senior Portfolio Manager
    Managing this fund since 2024

    Mr. Guo joined Thrivent in 2022, serving as a portfolio manager. Read more.


Performance

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.


Average Annualized Returns

as of 03/28/2024
0.81% Total annual fund operating expenses
Thrivent International Allocation Fund MSCI ACWI ex-USA - USD Net Returns Morningstar Foreign Large Blend Avg
3M 4.70% 4.69% 5.24%
YTD 4.70% 4.69% 5.24%
1Y 14.76% 13.26% 13.54%
3Y 3.48% 1.94% 2.92%
5Y 5.49% 5.97% 6.56%
10Y 3.78% 4.25% 4.53%
See data by:

Growth of 10K

as of 03/28/2024
$14,487
Total market value
$4,296
Current value of reinvested dividends and capital gains

Calendar year performance

as of 03/28/2024

Characteristics

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.


Holdings breakdown

as of 03/28/2024
Total number of holdings
1057
Turnover ratio (as of 02/29/2024)
91%

Top 10 Holdings

as of 02/29/2024
13.99%
of all holdings
N/A
N/A
Security name % of total assets
ASML Holding NV 2.22%
Novartis AG 2.18%
Shell plc 1.72%
Novo Nordisk AS 1.24%
Toyota Motor Corporation 1.21%
CSL, Ltd. 1.16%
Alimentation Couche-Tard, Inc. 1.15%
Canadian National Railway Company 1.07%
HSBC Holdings plc 1.03%
Holcim AG 1.01%

Fund Diversification

as of 03/28/2024
N/A
N/A
  • Financials
    18.82%
  • Industrials
    15.96%
  • Consumer Discretionary
    13.20%
  • Information Technology
    12.64%
  • Health Care
    11.01%
  • Consumer Staples
    7.58%
  • Materials
    7.40%
  • Energy
    4.72%
  • Communication Services
    4.37%
  • Utilities
    2.62%
  • Real Estate
    1.68%

Equity characteristics

as of 03/28/2024
P/E Ratio Return on Equity
Thrivent International Allocation Fund 14.96 19.03%
S&P 500® Index 26.13 28.54%

Global Characteristics

as of 03/28/2024
World Economic Classification
Developed International 90.17%
Emerging Markets 8.77%
Frontier Markets 0.08%
United States 0.98%
Top Five Countries (54.80% of fund)
Japan 20.06%
United Kingdom 12.14%
Canada 8.00%
Switzerland 7.58%
France 7.02%

Beta

as of 03/28/2024
TWAIX
0.89
R2=46%
Lower than benchmark
S&P 500 1.0
Higher than benchmark

Volatility

as of 03/28/2024
Standard deviation Average annualized returns
Thrivent International Allocation Fund 17.42 3.48
S&P 500® Index 17.60 11.49

Ratings

Morningstar

as of 03/31/2024
Category: Foreign Large Blend
Morningstar Information
Funds in category
Overall
696
3-Year
696
5-Year
646
10-Year
425
Risk vs. category
Average
696
Return vs. category
Below Average
696

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 03/28/2024
Dividends Month End Nav
April 2023 $0.0000 $9.79
May 2023 $0.0000 $9.43
June 2023 $0.0000 $9.89
July 2023 $0.0000 $10.21
August 2023 $0.0000 $9.82
September 2023 $0.0000 $9.50
October 2023 $0.0000 $9.18
November 2023 $0.0000 $9.97
December 2023 $0.3128 $10.22
January 2024 $0.0000 $10.14
February 2024 $0.0000 $10.42
March 2024 $0.0000 $10.70

Trailing 12-Months; Dividend Schedule: Paid Annually


Capital gains - trailing 12 months

as of 03/28/2024
Record date Short term capital gains Long term capital gains Total
- - - -

Expenses, fees, and charges

Management Fees and Other Expenses 0.81%
Distribution/12b-1 Fee None
Total Annual Fund Operating Expenses 0.81%
Redemption Fee None
Transaction Fee None
Low Balance Fee $10 Semiannually
Front-End Sales Charge None
Back-End Sales Charge None

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 -
Fund Commentary -
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 80% international large- and mid-cap companies, 10% emerging market equity securities, 7.5% international small-cap companies, and 2.5% cash and other securities. The Investment Adviser makes asset allocation decisions among the various asset classes.

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. The use of derivatives such as futures involves additional risks and transaction costs. The Adviser’s assessment of investments may prove incorrect, resulting in losses or poor performance. The use of quantitative investing techniques also involves risks. These and other risks are described in the prospectus.

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