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Thrivent International Allocation Fund —
Class S
TWAIX
TWAIX
Thrivent International Allocation Fund
Class
S
A
Risk profile
Conservative Aggressive
Target allocation
90% Developed
10% Emerging
Inception date
2/29/2008
As of
Net asset value
N/A
Daily NAV change
$N/A
As of N/A
YTD return
11.59%
1-year return
38.63%
As of 05/28/2021
Net annual fund operating expenses
0.81%
As of
Sales charge
None
As of

Thrivent International Allocation Fund seeks long-term capital growth.

This fund is a well-diversified portfolio of international securities, which primarily 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.

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 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. These and other risks are described in the prospectus.

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 125 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, over 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.

  • Goldman Sachs Asset Management, LP
    Goldman Sachs Asset Management, LP
    Subadvisor
    Managing this fund since 2016

    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 05/28/2021
0.81% Total annual fund operating expenses
See data by:

Growth of 10K

as of 05/28/2021
Data in this section is based on month-end
$16,400
Total market value
(assumes the reinvestment of all dividends and capital gains)
$3,791
Current value of reinvested dividends and capital gains

Calendar year performance

as of 05/28/2021

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 05/28/2021
Total number of holdings
1239
Turnover ratio (as of 04/30/2021)
135.00%

Top 10 Holdings

as of 04/30/2021
12.72%
of all holdings
N/A
N/A
Security name % of total assets
ASML Holding NV 1.67%
Novartis AG 1.62%
Allianz SE 1.50%
Nestle SA 1.46%
Schneider Electric SE 1.29%
Novo Nordisk AS 1.19%
CGI, Inc. 1.02%
Legrand SA 1.01%
Halma plc 1.01%
Atlas Copco AB, Class A 0.95%

Fund Diversification

as of 03/31/2021
N/A
N/A
  • Financials
    17.90%
  • Industrials
    16.20%
  • Consumer Discretionary
    12.70%
  • Information Technology
    11.20%
  • Health Care
    9.60%
  • Materials
    7.80%
  • Consumer Staples
    7.70%
  • Communication Services
    6.00%
  • Energy
    4.70%
  • Real Estate
    3.70%
  • Utilities
    1.70%
  • Cash
    .70%
  • Miscellaneous
    .10%

Equity characteristics

as of 05/28/2021
P/E Ratio Return on Equity
Thrivent International Allocation Fund 18.50 14.00%
S&P 500® Index 26.34 22.88%

Global Characteristics

as of 05/28/2021
World Economic Classification
Developed International 91.7%
Emerging Markets 7.3%
Frontier Markets 0.0%
Other 0.1%
United States 0.9%
Top Five Countries (56.0% of fund)
Japan 20.5%
United Kingdom 11.0%
Switzerland 9.0%
France 8.1%
Canada 7.4%

Beta

as of 05/28/2021
TWAIX (this fund)
0.87
R2=82%
Lower than benchmark
S&P 500 1.0
Higher than benchmark

Volatility

as of 05/28/2021
Depending on the fund inception date, some data may not be available.
Standard deviation Average annualized returns
Thrivent International Allocation Fund 17.89 6.24
S&P 500® Index 18.52 18.00

Ratings

Morningstar

as of 05/28/2021
Category: Foreign Large Blend
Morningstar Information
Funds in category
Overall
672
3-Year
672
5-Year
577
10-Year
381
Risk vs. category
Average
672
Return vs. category
Below Average
672
Equity Style Map
Large
Mid
Small
Value
Blend
Growth
Weighted average of holdings
75% of fund's stock holdings

Distributions

as of 05/28/2021
Dividends Month End Nav
June 2020 $0.0000 $9.02
July 2020 $0.0000 $9.27
August 2020 $0.0000 $9.70
September 2020 $0.0000 $9.58
October 2020 $0.0000 $9.19
November 2020 $0.0000 $10.30
December 2020 $0.1710 $10.70
January 2021 $0.0000 $10.59
February 2021 $0.0000 $10.86
March 2021 $0.0000 $11.15
April 2021 $0.0000 $11.52
May 2021 $0.0000 $11.94

Trailing 12-Months; Dividend Schedule: Paid Annually


Capital gains - trailing 12 months

as of 05/28/2021
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 -