Thrivent International Allocation Fund (TWAAX)
Class
Mutual Funds may offer different "classes" of shares. Classes indicate the type and number of fees or expenses an investor can expect to pay for shares in a fund.
Class S
No-load share class with no sales charges or 12b-1 fees. Prior to February 1, 2016, Class S shares were named Class I (Institutional) shares.
Class A
These are front-end load funds, and they are not available for purchase on thriventfunds.com. You may be eligible to purchase these shares if you work with a financial professional.
Class
Mutual Funds may offer different "classes" of shares. Classes indicate the type and number of fees or expenses an investor can expect to pay for shares in a fund.
Class S
No-load share class with no sales charges or 12b-1 fees. Prior to February 1, 2016, Class S shares were named Class I (Institutional) shares.
Class A
These are front-end load funds, and they are not available for purchase on thriventfunds.com. You may be eligible to purchase these shares if you work with a financial professional.
Fund Overview
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.
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 37.5% international large cap growth, 37.5% international large cap value, 15% international small- and mid-cap companies, and 10% emerging market equity securities. Thrivent Asset Management makes asset allocation decisions among the various asset classes and manages all but the international small- and mid-cap company allocation, which is sub-advised by Goldman Sachs Asset Management.
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 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.
Risk Potential
Risk Potential
The potential for risk within the Thrivent Mutual Funds has been categorized into five levels: Conservative, Moderately Conservative, Moderate, Moderately Aggressive, and Aggressive, ranging from lower risk potential to higher risk potential. Funds on the lower risk portion of the scale (Conservative, Moderately Conservative) are expected to have a lower degree of volatility and price fluctuations while those on the higher risk portion of the scale (Aggressive, Moderately Aggressive) are expected to have a higher degree of volatility and price fluctuations.
Risk Potential
The potential for risk within the Thrivent Mutual Funds has been categorized into five levels: Conservative, Moderately Conservative, Moderate, Moderately Aggressive, and Aggressive, ranging from lower risk potential to higher risk potential. Funds on the lower risk portion of the scale (Conservative, Moderately Conservative) are expected to have a lower degree of volatility and price fluctuations while those on the higher risk portion of the scale (Aggressive, Moderately Aggressive) are expected to have a higher degree of volatility and price fluctuations.
Target Allocation
Target Allocation
Shows a fund’s long-term target allocations (or mix of securities) based on asset class or world region. Target allocation subject to change.
Target Allocation
Shows a fund’s long-term target allocations (or mix of securities) based on asset class or world region. Target allocation subject to change.
Fund Highlights
Public Offering Price
The price at which the fund is offered to the public.
Net Asset Value (NAV)
The NAV is the fund’s value or price per share. The NAV is calculated by dividing the market value of all the fund’s shares (minus its liabilities) by the number of issued shares.
Daily NAV Change
The daily NAV change is the difference between the fund’s current price per share and its price at the time of market close on the prior day.
Returns
Returns are calculated on a calendar-year and year-to-date basis. These returns, also known as trailing returns, illustrate fund performance over a specific time period, including capital appreciation as well as reinvested dividends and capital gains distributions.
Net Annual Fund Operating Expenses
This figure represents the total percentage of a mutual fund’s assets used to maintain the fund, including operating expenses and management fees. It’s calculated by dividing the fund’s annual net operating expenses by the average dollar value of its assets, and includes the impact of any fee waivers or expense reimbursements that may have been in effect during the time period.
Sales Charges
The commission paid by an investor upon investment in a fund.
Public Offering Price
The price at which the fund is offered to the public.
Net Asset Value (NAV)
The NAV is the fund’s value or price per share. The NAV is calculated by dividing the market value of all the fund’s shares (minus its liabilities) by the number of issued shares.
Daily NAV Change
The daily NAV change is the difference between the fund’s current price per share and its price at the time of market close on the prior day.
Returns
Returns are calculated on a calendar-year and year-to-date basis. These returns, also known as trailing returns, illustrate fund performance over a specific time period, including capital appreciation as well as reinvested dividends and capital gains distributions.
Net Annual Fund Operating Expenses
This figure represents the total percentage of a mutual fund’s assets used to maintain the fund, including operating expenses and management fees. It’s calculated by dividing the fund’s annual net operating expenses by the average dollar value of its assets, and includes the impact of any fee waivers or expense reimbursements that may have been in effect during the time period.
Sales Charges
The commission paid by an investor upon investment in a fund.
(as of 12/31/2020)
Who Should Consider Investing?
The Fund may be suitable for investors who:
- Seek long-term growth and a well-diversified, all-in-one solution for international 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 110 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 over 83% have earned the Chartered Financial Analyst designation, an advanced degree, or both.
Looking at how this fund has performed over time, and comparing to appropriate benchmarks, can help you determine if it’s right for your needs.
Average Annualized Returns
Average Annualized Returns
These returns, also known as trailing returns, illustrate fund performance over a specific time period, including capital appreciation as well as reinvested dividends and capital gains distributions.
Average Annualized Returns
These returns, also known as trailing returns, illustrate fund performance over a specific time period, including capital appreciation as well as reinvested dividends and capital gains distributions.
Periods less than one year are not annualized.
| Thrivent International Allocation Fund (with 4.5% max sales charges)* | Lipper International Multi-Cap Core Funds Median 1 | MSCI ACWI ex-USA - USD Net Returns | MSCI EAFE Index | S&P 500® Index | ||
|---|---|---|---|---|---|---|
| 3 Month | 8.36% | 15.54% | 17.01% | 16.05% | 12.15% |   |
|
Lipper International Multi-Cap Core Funds Median
1
15.54%
MSCI ACWI ex-USA - USD Net Returns
17.01%
MSCI EAFE Index
16.05%
S&P 500® Index
12.15%
|
||||||
| YTD | -1.25% | 7.83% | 10.65% | 7.82% | 18.40% | |
|
Lipper International Multi-Cap Core Funds Median
1
7.83%
MSCI ACWI ex-USA - USD Net Returns
10.65%
MSCI EAFE Index
7.82%
S&P 500® Index
18.40%
|
||||||
| 1 Year | -1.25% | 7.83% | 10.65% | 7.82% | 18.40% | |
|
Lipper International Multi-Cap Core Funds Median
1
7.83%
MSCI ACWI ex-USA - USD Net Returns
10.65%
MSCI EAFE Index
7.82%
S&P 500® Index
18.40%
|
||||||
| 3 Year | -0.09% | 3.93% | 4.88% | 4.28% | 14.18% | |
|
Lipper International Multi-Cap Core Funds Median
1
3.93%
MSCI ACWI ex-USA - USD Net Returns
4.88%
MSCI EAFE Index
4.28%
S&P 500® Index
14.18%
|
||||||
| 5 Year | 4.77% | 7.31% | 8.93% | 7.45% | 15.22% | |
|
Lipper International Multi-Cap Core Funds Median
1
7.31%
MSCI ACWI ex-USA - USD Net Returns
8.93%
MSCI EAFE Index
7.45%
S&P 500® Index
15.22%
|
||||||
| 10 Year | 3.61% | 5.03% | 4.92% | 5.51% | 13.88% | |
|
Lipper International Multi-Cap Core Funds Median
1
5.03%
MSCI ACWI ex-USA - USD Net Returns
4.92%
MSCI EAFE Index
5.51%
S&P 500® Index
13.88%
|
||||||
| Thrivent International Allocation Fund (with 4.5% max sales charges)* | Lipper International Multi-Cap Core Funds Median 1 | MSCI ACWI ex-USA - USD Net Returns | MSCI EAFE Index | S&P 500® Index | ||
|---|---|---|---|---|---|---|
| 3 Month | 8.36% | 15.54% | 17.01% | 16.05% | 12.15% | |
|
Lipper International Multi-Cap Core Funds Median
1
15.54%
MSCI ACWI ex-USA - USD Net Returns
17.01%
MSCI EAFE Index
16.05%
S&P 500® Index
12.15%
|
||||||
| YTD | -1.25% | 7.83% | 10.65% | 7.82% | 18.40% | |
|
Lipper International Multi-Cap Core Funds Median
1
7.83%
MSCI ACWI ex-USA - USD Net Returns
10.65%
MSCI EAFE Index
7.82%
S&P 500® Index
18.40%
|
||||||
| 1 Year | -1.25% | 7.83% | 10.65% | 7.82% | 18.40% | |
|
Lipper International Multi-Cap Core Funds Median
1
7.83%
MSCI ACWI ex-USA - USD Net Returns
10.65%
MSCI EAFE Index
7.82%
S&P 500® Index
18.40%
|
||||||
| 3 Year | -0.09% | 3.93% | 4.88% | 4.28% | 14.18% | |
|
Lipper International Multi-Cap Core Funds Median
1
3.93%
MSCI ACWI ex-USA - USD Net Returns
4.88%
MSCI EAFE Index
4.28%
S&P 500® Index
14.18%
|
||||||
| 5 Year | 4.77% | 7.31% | 8.93% | 7.45% | 15.22% | |
|
Lipper International Multi-Cap Core Funds Median
1
7.31%
MSCI ACWI ex-USA - USD Net Returns
8.93%
MSCI EAFE Index
7.45%
S&P 500® Index
15.22%
|
||||||
| 10 Year | 3.61% | 5.03% | 4.92% | 5.51% | 13.88% | |
|
Lipper International Multi-Cap Core Funds Median
1
5.03%
MSCI ACWI ex-USA - USD Net Returns
4.92%
MSCI EAFE Index
5.51%
S&P 500® Index
13.88%
|
||||||
Expenses
Annual Fund Operating Expenses
This figure represents the total percentage of a mutual fund’s assets used to maintain the fund, including operating expenses and management fees. It does not include the impact of any fee waivers or expense reimbursements that may have been in effect during the time period. It’s calculated by dividing the fund’s annual operating expenses by the average dollar value of its assets.
Net Annual Fund Operating Expenses (if Applicable)
This figure represents the total percentage of a mutual fund’s assets used to maintain the fund, including operating expenses and management fees. It’s calculated by dividing the fund’s annual net operating expenses by the average dollar value of its assets, and includes the impact of any fee waivers or expense reimbursements that may have been in effect during the time period.
Annual Fund Operating Expenses
This figure represents the total percentage of a mutual fund’s assets used to maintain the fund, including operating expenses and management fees. It does not include the impact of any fee waivers or expense reimbursements that may have been in effect during the time period. It’s calculated by dividing the fund’s annual operating expenses by the average dollar value of its assets.
Net Annual Fund Operating Expenses (if Applicable)
This figure represents the total percentage of a mutual fund’s assets used to maintain the fund, including operating expenses and management fees. It’s calculated by dividing the fund’s annual net operating expenses by the average dollar value of its assets, and includes the impact of any fee waivers or expense reimbursements that may have been in effect during the time period.
Calendar Year Performance
Calendar Year Performance
How this fund has performed over each calendar year. The annual total returns are calculated on a calendar-year basis, and include both capital appreciation and dividends, but does not include any sales charge paid. Periods of less than one year are not shown.
Calendar Year Performance
How this fund has performed over each calendar year. The annual total returns are calculated on a calendar-year basis, and include both capital appreciation and dividends, but does not include any sales charge paid. Periods of less than one year are not shown.
(as of 12/31/2020)
| Thrivent International Allocation Fund (without sales charge) | Lipper International Multi-Cap Core Funds Median 1 | MSCI ACWI ex-USA - USD Net Returns | MSCI EAFE Index | S&P 500® Index | ||
|---|---|---|---|---|---|---|
| 2020 | 3.38% | 7.83% | 10.65% | 7.82% | 18.40% | |
|
2020Lipper International Multi-Cap Core Funds Median
7.83%
2020MSCI ACWI ex-USA - USD Net Returns
10.65%
2020MSCI EAFE Index
7.82%
2020S&P 500® Index
18.40%
|
||||||
| 2019 | 19.96% | 21.21% | 21.51% | 22.01% | 31.49% | |
|
2019Lipper International Multi-Cap Core Funds Median
21.21%
2019MSCI ACWI ex-USA - USD Net Returns
21.51%
2019MSCI EAFE Index
22.01%
2019S&P 500® Index
31.49%
|
||||||
| 2018 | -15.82% | -14.99% | -14.20% | -13.79% | -4.38% | |
|
2018Lipper International Multi-Cap Core Funds Median
-14.99%
2018MSCI ACWI ex-USA - USD Net Returns
-14.20%
2018MSCI EAFE Index
-13.79%
2018S&P 500® Index
-4.38%
|
||||||
| 2017 | 23.12% | 25.37% | 27.19% | 25.03% | 21.83% | |
|
2017Lipper International Multi-Cap Core Funds Median
25.37%
2017MSCI ACWI ex-USA - USD Net Returns
27.19%
2017MSCI EAFE Index
25.03%
2017S&P 500® Index
21.83%
|
||||||
| 2016 | 2.88% | 0.99% | 4.50% | 1.00% | 11.96% | |
|
2016Lipper International Multi-Cap Core Funds Median
0.99%
2016MSCI ACWI ex-USA - USD Net Returns
4.50%
2016MSCI EAFE Index
1.00%
2016S&P 500® Index
11.96%
|
||||||
| 2015 | -1.19% | -0.94% | -5.66% | -0.81% | 1.38% | |
|
2015Lipper International Multi-Cap Core Funds Median
-0.94%
2015MSCI ACWI ex-USA - USD Net Returns
-5.66%
2015MSCI EAFE Index
-0.81%
2015S&P 500® Index
1.38%
|
||||||
| 2014 | -4.92% | -14.17% | 3.87% | -4.90% | 13.69% | |
|
2014Lipper International Multi-Cap Core Funds Median
-14.17%
2014MSCI ACWI ex-USA - USD Net Returns
3.87%
2014MSCI EAFE Index
-4.90%
2014S&P 500® Index
13.69%
|
||||||
| 2013 | 15.13% | -1.47% | 15.29% | 22.78% | 32.39% | |
|
2013Lipper International Multi-Cap Core Funds Median
-1.47%
2013MSCI ACWI ex-USA - USD Net Returns
15.29%
2013MSCI EAFE Index
22.78%
2013S&P 500® Index
32.39%
|
||||||
| 2012 | 18.79% | 18.66% | 16.83% | 17.32% | 16.00% | |
|
2012Lipper International Multi-Cap Core Funds Median
18.66%
2012MSCI ACWI ex-USA - USD Net Returns
16.83%
2012MSCI EAFE Index
17.32%
2012S&P 500® Index
16.00%
|
||||||
| 2011 | -12.12% | -14.47% | -13.71% | -12.14% | 2.11% | |
|
2011Lipper International Multi-Cap Core Funds Median
-14.47%
2011MSCI ACWI ex-USA - USD Net Returns
-13.71%
2011MSCI EAFE Index
-12.14%
2011S&P 500® Index
2.11%
|
||||||
Performance shown assumes the reinvestment of all dividends and capital gains. Performance of other share classes will vary from the results shown based on differences in fees and expenses.
The Advisor has contractually agreed, through at least February 28, 2021, to waive certain fees and/or reimburse certain expenses associated with the Fund. Refer to the expense table in the Fund's Prospectus. If this waiver had not been in effect, performance would have been lower.
*All performance shown reflects the current maximum sales charge of 4.5%. Prior to 2/29/2016, the maximum sales charge was 5.5%; however, the prior rate is not reflected for periods that began prior to that date.
1 Source: Lipper. The Lipper median represents the median annualized total return for all reported funds in the classification. Lipper medians do not include sales charges/fees. If included, returns would have been lower.
Benchmarks
Indexes are unmanaged and do not reflect the fees and expenses associated with active management. Investments cannot be made directly into an index.
The Morgan Stanley Capital International (MSCI) All Country World Index (ACWI) ex-USA - USD Net Returns is an index that is designed to measure equity market performance in all global developed and emerging markets outside of the U.S.
The MSCI EAFE Index is a market capitalization-weighted index designed to measure the equity market performance of developed markets outside of the U.S. and Canada. It includes companies listed on stock exchanges in Europe, Australasia and the Far East, representing 22 developed-market countries.
The S&P 500® Index is a market-cap weighted index that represents the average performance of a group of 500 large-capitalization stocks.
Information about the types of holdings in this mutual fund.
Holdings Breakdown
Total Number of Holdings
This is a tally of the number of different investment products that make up the fund’s portfolio.
Turnover Ratio (Last 12 Months)
This is the percentage of the fund’s holdings that have been traded out or replaced with other holdings over the year.
Total Number of Holdings
This is a tally of the number of different investment products that make up the fund’s portfolio.
Turnover Ratio (Last 12 Months)
This is the percentage of the fund’s holdings that have been traded out or replaced with other holdings over the year.
(as of 12/31/2020)
Top 10 Holdings
This is the Fund’s top 10 holdings by percentage of the total assets. This excludes derivatives and cash that the fund may hold. (Updated monthly with 30 day lag)
This is the Fund’s top 10 holdings by percentage of the total assets. This excludes derivatives and cash that the fund may hold. (Updated monthly with 30 day lag)
(as of 11/30/2020)
| Security Name | Percentage of Total Assets |
|---|---|
| Nestle SA | 1.40% |
| Roche Holding AG | 1.27% |
| Novartis AG | 1.09% |
| Legrand SA | 1.06% |
| Allianz SE | 1.00% |
| ASML Holding NV | 0.92% |
| Novo Nordisk AS | 0.91% |
| Schneider Electric SE | 0.84% |
| GlaxoSmithKline Plc | 0.81% |
| Alibaba Group Holding, Ltd. ADR | 0.76% |
Fund Diversification
This is the mix of areas in the market in which the fund contains holdings. (updated quarterly)
This is the mix of areas in the market in which the fund contains holdings. (updated quarterly)
(as of 12/31/2020)
-
Financials 16.3%
-
Industrials 15.4%
-
Consumer Discretionary 13.1%
-
Health Care 11.1%
-
Information Technology 10.9%
-
Materials 8.5%
-
Consumer Staples 7.7%
-
Communication Services 5.7%
-
Energy 4.2%
-
Real Estate 3.7%
-
Utilities 2.8%
-
Cash 0.5%
-
Miscellaneous 0.1%
Equity Characteristics
Statistics shown below are compared to the S&P 500® Index. The benchmark is intended to provide a comparison to the broad U.S. large cap stock market, and may not be representative of the Fund's investment strategies and holdings.
Statistics shown below are compared to the S&P 500® Index. The benchmark is intended to provide a comparison to the broad U.S. large cap stock market, and may not be representative of the Fund's investment strategies and holdings.
(as of 12/31/2020)
|
P/E Ratio
Price to Earnings Ratio (P/E) — A valuation ratio of a company's current share price compared to its earnings per-share, calculated by dividing the market value per share by its trailing 12-month earnings.
Price to Earnings Ratio (P/E) — A valuation ratio of a company's current share price compared to its earnings per-share, calculated by dividing the market value per share by its trailing 12-month earnings.
|
ROE
Return on Equity (ROE) — A measure of corporate profitability that shows how much net income the companies in the portfolio have generated as a percentage of shareholder equity.
Return on Equity (ROE) — A measure of corporate profitability that shows how much net income the companies in the portfolio have generated as a percentage of shareholder equity.
|
||
|---|---|---|---|
| Thrivent International Allocation Fund | 18.9 | 16.3% | |
|
Thrivent International Allocation Fund ROE
16.3%
|
|||
| S&P 500® Index | 29.1 | 26.1% | |
|
S&P 500® Index ROE
26.1%
|
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Global Characteristics
Shows various categorizations of the fund's holdings, as of the date indicated.
Shows various categorizations of the fund's holdings, as of the date indicated.
(as of 12/31/2020)
| World Economic Classification | Top Five Countries (57.9% of fund) | ||||
|---|---|---|---|---|---|
| Developed International | 90.6% | Japan | 21.3% | ||
| Emerging Markets | 7.9% | United Kingdom | 11.9% | ||
| Frontier Markets | 0.0% | France | 8.8% | ||
| Other | 0.1% | Germany | 8.0% | ||
| United States | 1.4% | Switzerland | 7.9% | ||
Data is based on country of domicile. Some companies may be domiciled in offshore locations that may not reflect the primary place of business. Developed International holdings may include exposure to emerging market securities that are listed in a developed market, such as mainland China holdings that are listed in Hong Kong.
Beta Measurement
This chart compares the Fund to the S&P 500® over the past three years. The benchmark is intended to provide a comparison to the broad U.S. large cap stock market, and may not be representative of the Fund’s investment strategies and holdings. Beta is a statistical measure of the volatility, or market risk, of an investment compared to a benchmark. This chart also shows R-Squared, which helps indicate how meaningful the comparison may be.
Beta — A beta of 1.0 indicates that the Fund’s price would generally move with the market. A beta of greater than 1.0 indicates the Fund is more volatile than the market, while a beta of less than 1.0 indicates the Fund is typically less volatile than the market. For example, a beta of 1.2 would indicate that the Fund is generally 20% more volatile than the broad U.S. large cap stock market, while a beta of 0.8 would indicate that the Fund is generally 20% less volatile than the market.
R2 — R-Squared (or correlation squared) is used to indicate what percentage, from 0% to 100%, of the variation in a Fund’s return can be explained by the benchmark returns. It is used to help measure how similar a Fund is to the benchmark and how appropriate the benchmark is for other statistical comparisons. The lower the R2, the less meaningful statistics such as Beta will be.
This chart compares the Fund to the S&P 500® over the past three years. The benchmark is intended to provide a comparison to the broad U.S. large cap stock market, and may not be representative of the Fund’s investment strategies and holdings. Beta is a statistical measure of the volatility, or market risk, of an investment compared to a benchmark. This chart also shows R-Squared, which helps indicate how meaningful the comparison may be.
Beta — A beta of 1.0 indicates that the Fund’s price would generally move with the market. A beta of greater than 1.0 indicates the Fund is more volatile than the market, while a beta of less than 1.0 indicates the Fund is typically less volatile than the market. For example, a beta of 1.2 would indicate that the Fund is generally 20% more volatile than the broad U.S. large cap stock market, while a beta of 0.8 would indicate that the Fund is generally 20% less volatile than the market.
R2 — R-Squared (or correlation squared) is used to indicate what percentage, from 0% to 100%, of the variation in a Fund’s return can be explained by the benchmark returns. It is used to help measure how similar a Fund is to the benchmark and how appropriate the benchmark is for other statistical comparisons. The lower the R2, the less meaningful statistics such as Beta will be.
Using the S&P 500 Index as the benchmark, the graph is showing an R2 of 82%
Volatility Measures
(as of 12/31/2020)
Depending on the fund inception date, some data may not be available.
|
Standard Deviation
Standard Deviation Standard Deviation |
Average Annualized Returns (without Sales Charge)
Average Annualized Returns —These returns, also known as trailing returns, illustrate the average annual fund performance over a specific time period, including capital appreciation as well as reinvested dividend and capital gain distributions. Average Annualized Returns —These returns, also known as trailing returns, illustrate the average annual fund performance over a specific time period, including capital appreciation as well as reinvested dividend and capital gain distributions. |
||
|---|---|---|---|
| Thrivent International Allocation Fund | 18.14 | 1.44 | |
|
Thrivent International Allocation Fund Average Annualized Returns (without Sales Charge)
1.44
|
|||
| S&P 500® Index | 18.80 | 14.18 | |
|
S&P 500® IndexAverage Annualized Returns (without Sales Charge)
14.18
|
|||
|
Standard Deviation
Standard Deviation Standard Deviation |
Average Annualized Returns (without Sales Charge)
Average Annualized Returns —These returns, also known as trailing returns, illustrate the average annual fund performance over a specific time period, including capital appreciation as well as reinvested dividend and capital gain distributions. Average Annualized Returns —These returns, also known as trailing returns, illustrate the average annual fund performance over a specific time period, including capital appreciation as well as reinvested dividend and capital gain distributions. |
||
|---|---|---|---|
| Thrivent International Allocation Fund | 15.10 | 5.75 | |
|
Thrivent International Allocation Fund Average Annualized Returns (without Sales Charge)
5.75
|
|||
| S&P 500® Index | 15.26 | 15.22 | |
|
S&P 500® IndexAverage Annualized Returns (without Sales Charge)
15.22
|
|||
|
Standard Deviation
Standard Deviation Standard Deviation |
Average Annualized Returns (without Sales Charge)
Average Annualized Returns —These returns, also known as trailing returns, illustrate the average annual fund performance over a specific time period, including capital appreciation as well as reinvested dividend and capital gain distributions. Average Annualized Returns —These returns, also known as trailing returns, illustrate the average annual fund performance over a specific time period, including capital appreciation as well as reinvested dividend and capital gain distributions. |
||
|---|---|---|---|
| Thrivent International Allocation Fund | 14.26 | 4.09 | |
|
Thrivent International Allocation Fund Average Annualized Returns (without Sales Charge)
4.09
|
|||
| S&P 500® Index | 13.54 | 13.88 | |
|
S&P 500® IndexAverage Annualized Returns (without Sales Charge)
13.88
|
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Dividend Distributions & Price History
(as of 12/31/2020)
Trailing 12-Months; Dividend Schedule: Paid Annually
| Dividends | Month End NAV | Month End POP | ||
|---|---|---|---|---|
| December 2020 | $0.1334 | $10.66 | $11.16 | |
|
December 2020 Month End POP
11.16
|
||||
| $0.1334 (Total) | ||||
| November 2020 | $0.0000 | $10.22 | $10.70 | |
|
November 2020 Month End POP
10.7
|
||||
| $0.1334 (Total) | ||||
| October 2020 | $0.0000 | $9.13 | $9.56 | |
|
October 2020 Month End POP
9.56
|
||||
| $0.1334 (Total) | ||||
| September 2020 | $0.0000 | $9.51 | $9.96 | |
|
September 2020 Month End POP
9.96
|
||||
| $0.1334 (Total) | ||||
| August 2020 | $0.0000 | $9.64 | $10.09 | |
|
August 2020 Month End POP
10.09
|
||||
| $0.1334 (Total) | ||||
| July 2020 | $0.0000 | $9.22 | $9.65 | |
|
July 2020 Month End POP
9.65
|
||||
| $0.1334 (Total) | ||||
| June 2020 | $0.0000 | $8.97 | $9.39 | |
|
June 2020 Month End POP
9.39
|
||||
| $0.1334 (Total) | ||||
| May 2020 | $0.0000 | $8.71 | $9.12 | |
|
May 2020 Month End POP
9.12
|
||||
| $0.1334 (Total) | ||||
| April 2020 | $0.0000 | $8.30 | $8.69 | |
|
April 2020 Month End POP
8.69
|
||||
| $0.1334 (Total) | ||||
| March 2020 | $0.0000 | $7.77 | $8.14 | |
|
March 2020 Month End POP
8.14
|
||||
| $0.1334 (Total) | ||||
| February 2020 | $0.0000 | $9.35 | $9.79 | |
|
February 2020 Month End POP
9.79
|
||||
| $0.1334 (Total) | ||||
| January 2020 | $0.0000 | $10.14 | $10.62 | |
|
January 2020 Month End POP
10.62
|
||||
| $0.1334 (Total) | ||||
Capital Gains - Trailing 12 Months
A capital gain is a profit that a mutual fund realizes by selling securities for a price higher than at which they were purchased.
Short-Term Capital Gain Distributions
Capital Gains paid on assets held by the fund for one year or less.
Long-Term Capital Gain Distributions
Capital Gains paid on assets held by the fund for more than one year.
A capital gain is a profit that a mutual fund realizes by selling securities for a price higher than at which they were purchased.
Short-Term Capital Gain Distributions
Capital Gains paid on assets held by the fund for one year or less.
Long-Term Capital Gain Distributions
Capital Gains paid on assets held by the fund for more than one year.
(as of 12/31/2020)
| Record Date | Short Term Capital Gains | Long Term Capital Gains | Total |
|---|---|---|---|
| - | - | - | - |
|
Record Date
-
Short Term Capital Gains
-
Long Term Capital Gains
-
Total
-
|
|||
Fees and Expenses
It’s important to understand investing costs because they can impact your net return. Here is a breakdown of applicable sales charges and annual operating expenses associated with this mutual fund. Other fees may apply for certain services or account types and are redeemed directly from your account. Examples include overnight delivery or wire fees and annual custodial fees on IRAs.
Annual Fund Operating Expenses
Management Fees and Other Expenses
This figure represents the total percentage of a mutual fund's assets paid to the investment adviser for portfolio management and investment services (the "management fee"), "Acquired Fund Fees and Expenses" (if the Fund invests in other mutual funds or investments with management fees), plus "Other Expenses" such as custodial, transfer agency, legal, accounting and administrative fees that are required to operate the fund. For more information, please see the prospectus or Statement of Additional Information.
Distribution/12b-1 Fee (May not apply. See prospectus for more details)
This is an annual marketing or distribution fee on a mutual fund. This is an operational expense, so it’s included in a fund's expense ratio.
Total Annual Fund Operating Expenses
This figure represents the total percentage of a mutual fund’s assets used to maintain the fund, including operating expenses and management fees. It does not include the impact of any fee waivers or expense reimbursements that may have been in effect during the time period. It’s calculated by dividing the fund’s annual operating expenses by the average dollar value of its assets.
Less Waiver (May not apply. See prospectus for more details)
Certain funds may be subject to an expense waiver, or the amount the fund's Adviser waives or assumes to keep the fund's expenses low.
Net Annual Fund Operating Expenses
This figure represents the total percentage of a mutual fund’s assets used to maintain the fund, including operating expenses and management fees. It’s calculated by dividing the fund’s annual net operating expenses by the average dollar value of its assets, and includes the impact of any fee waivers or expense reimbursements that may have been in effect during the time period.
Management Fees and Other Expenses
This figure represents the total percentage of a mutual fund's assets paid to the investment adviser for portfolio management and investment services (the "management fee"), "Acquired Fund Fees and Expenses" (if the Fund invests in other mutual funds or investments with management fees), plus "Other Expenses" such as custodial, transfer agency, legal, accounting and administrative fees that are required to operate the fund. For more information, please see the prospectus or Statement of Additional Information.
Distribution/12b-1 Fee (May not apply. See prospectus for more details)
This is an annual marketing or distribution fee on a mutual fund. This is an operational expense, so it’s included in a fund's expense ratio.
Total Annual Fund Operating Expenses
This figure represents the total percentage of a mutual fund’s assets used to maintain the fund, including operating expenses and management fees. It does not include the impact of any fee waivers or expense reimbursements that may have been in effect during the time period. It’s calculated by dividing the fund’s annual operating expenses by the average dollar value of its assets.
Less Waiver (May not apply. See prospectus for more details)
Certain funds may be subject to an expense waiver, or the amount the fund's Adviser waives or assumes to keep the fund's expenses low.
Net Annual Fund Operating Expenses
This figure represents the total percentage of a mutual fund’s assets used to maintain the fund, including operating expenses and management fees. It’s calculated by dividing the fund’s annual net operating expenses by the average dollar value of its assets, and includes the impact of any fee waivers or expense reimbursements that may have been in effect during the time period.
| Management Fees and Other Expenses | 1.10% |
| Distribution/12b-1 Fee | 0.25% |
| Total Annual Fund Operating Expenses | 1.35% |
| Less Waiver3 | (0.15%) |
| Net Annual Fund Operating Expenses | 1.20% |
Other Fund Fees
Redemption Fee
A fee charged for withdrawing money from a mutual fund. These fees are usually used to discourage shareholders from making too many sales in a short period of time.
Transaction Fee
A fee charged by a broker or other intermediary for assistance in purchasing or selling shares of a fund.
Low Balance Fee
A fee charged to offset expenses incurred when maintaining low balance accounts.
Redemption Fee
A fee charged for withdrawing money from a mutual fund. These fees are usually used to discourage shareholders from making too many sales in a short period of time.
Transaction Fee
A fee charged by a broker or other intermediary for assistance in purchasing or selling shares of a fund.
Low Balance Fee
A fee charged to offset expenses incurred when maintaining low balance accounts.
| Redemption Fee | None |
| Transaction Fee | None |
| Low Balance Fee4 | $10 semiannually |
Sales Charge
Max Front-End Charge
The sales charge applied at the time of an initial purchase of mutual fund shares. The charge is deducted from the amount being invested, so a front-end load lowers the size of the investment.
Back-End Charge
The fee paid when selling shares in a mutual fund within a set number of years, often five to 10 years. The fee amounts to a percentage of the value of the share being sold. The fee percentage is highest in the first year and decreases yearly until the specified holding period ends, at which time it drops to zero.
Max Front-End Charge
The sales charge applied at the time of an initial purchase of mutual fund shares. The charge is deducted from the amount being invested, so a front-end load lowers the size of the investment.
Back-End Charge
The fee paid when selling shares in a mutual fund within a set number of years, often five to 10 years. The fee amounts to a percentage of the value of the share being sold. The fee percentage is highest in the first year and decreases yearly until the specified holding period ends, at which time it drops to zero.
| Max Front-End Charge5 | 4.50% |
| Back-End Charge6 | None |
Minimum Investment
Initial Minimum Investments
The minimum amount of money needed to first invest in a mutual fund.
Additional Purchases Amount
After the initial minimum investment has been made, ongoing purchases of shares can happen at a much lower amount.
Recurring Investments
This indicates the smallest amount with which you may enter a fund’s automatic recurring plan. You can arrange for the fund to receive money from your checking account on a monthly, quarterly, semiannual, or annual basis.
Initial Minimum Investments
The minimum amount of money needed to first invest in a mutual fund.
Additional Purchases Amount
After the initial minimum investment has been made, ongoing purchases of shares can happen at a much lower amount.
Recurring Investments
This indicates the smallest amount with which you may enter a fund’s automatic recurring plan. You can arrange for the fund to receive money from your checking account on a monthly, quarterly, semiannual, or annual basis.
| Initial for non-retirement accounts | $2,000 |
| Initial for retirement or tax deferred accounts | $1,000 |
| Additional Purchases | $50 |
2 Turnover Ratio: 12-month rolling as of 11/30/2020. A measure of the Fund's trading activity which is calculated by dividing the lesser of long-term purchases or long-term sales by average long term market value.
3 The Adviser has contractually agreed, through at least February 28, 2021, to waive fees and/or reimburse certain expenses associated with the Fund. Refer to the expense table in the Fund's prospectus or summary prospectus for details. If this waiver had not been in effect, performance would have been lower.
4 Due to the high cost to shareholders of maintaining accounts with low balances, the transfer agent may, by redeeming shares, charge a semiannual fee of $10 if the value of shares in the account falls to an amount below the fund minimum. See the Prospectus for more details.
5 For more information on how to reduce your Sales Charges.
6 If you invest $1,000,000 or more in Class A Shares and redeem those shares within one year (the "one-year time period"), a deferred back-end sales charge of 1% will apply to the net asset value of those shares, with the net asset value measured at the time of purchase (or sale, if lower).
Benchmarks
Indexes are unmanaged and do not reflect the fees and expenses associated with active management. Investments cannot be made directly into an index.
S&P 500® Index is a market-cap weighted index that represents the average performance of a group of 500 large-capitalization stocks.
Morningstar Information
Overall Rating
Morningstar ratings show the weighted average of a fund's performance associated with its three, five, and ten year (if applicable) Morningstar Rating metrics.
Morningstar ratings show the weighted average of a fund's performance associated with its three, five, and ten year (if applicable) Morningstar Rating metrics.
3 Year Rating
5 Year Rating
10 Year Rating
Risk vs. Category
An assessment of the variations in a fund's monthly returns in comparison to similar funds, with an emphasis on downward variation. The greater the variation, the larger the risk score. If two funds have the exact same return, the one with greater variations in its return is given the larger risk score. In each Morningstar Category, the 10% of funds with the lowest measured risk are described as Low Risk, the next 22.5% Below Average, the middle 35% Average, the next 22.5% Above Average, and the top 10% High. Morningstar Risk is measured for up to three time periods (three-, five-, and 10-years). These separate measures are then weighted and averaged to produce an overall measure for the fund. The score shown is the overall measure. Funds with less than three years of performance history are not rated.
Source: Morningstar
An assessment of the variations in a fund's monthly returns in comparison to similar funds, with an emphasis on downward variation. The greater the variation, the larger the risk score. If two funds have the exact same return, the one with greater variations in its return is given the larger risk score. In each Morningstar Category, the 10% of funds with the lowest measured risk are described as Low Risk, the next 22.5% Below Average, the middle 35% Average, the next 22.5% Above Average, and the top 10% High. Morningstar Risk is measured for up to three time periods (three-, five-, and 10-years). These separate measures are then weighted and averaged to produce an overall measure for the fund. The score shown is the overall measure. Funds with less than three years of performance history are not rated.
Source: Morningstar
Return vs. Category
Morningstar return is an assessment of the fund's excess return over a risk-free rate (the return of the 90-day Treasury bill) in comparison to similar funds, with an emphasis on downward variation. Therefore, if two funds have precisely the same return, the one with greater variations in its return is given the lower return score. In each Morningstar Category, the top 10% of funds earn a High Morningstar Return, the next 22.5% Above Average, the middle 35% Average, the next 22.5% Below Average, and the bottom 10% Low. Morningstar Return is measured for up to three time periods (three-, five-, and 10-years). These separate measures are then weighted and averaged to produce an overall measure for the fund. The score shown is the overall measure. Funds with less than three years of performance history are not rated.
Source: Morningstar
Morningstar return is an assessment of the fund's excess return over a risk-free rate (the return of the 90-day Treasury bill) in comparison to similar funds, with an emphasis on downward variation. Therefore, if two funds have precisely the same return, the one with greater variations in its return is given the lower return score. In each Morningstar Category, the top 10% of funds earn a High Morningstar Return, the next 22.5% Above Average, the middle 35% Average, the next 22.5% Below Average, and the bottom 10% Low. Morningstar Return is measured for up to three time periods (three-, five-, and 10-years). These separate measures are then weighted and averaged to produce an overall measure for the fund. The score shown is the overall measure. Funds with less than three years of performance history are not rated.
Source: Morningstar
Equity Style Map
Thrivent International Allocation Fund appeared as a large market-cap style, blend investment style fund on the Morningstar Style Box™ as of 10/30/2020.
Thrivent International Allocation Fund appeared as a large market-cap style, blend investment style fund on the Morningstar Style Box™ as of 10/30/2020.
A high rating does not necessarily imply that a fund had the best total performance or that the fund achieved positive results for that period. Morningstar rating is for the A share class only; other classes may have different performance characteristics. Please see the Performance tab for results as of the most recent month and quarter end.
The Morningstar RatingTM 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. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
The Morningstar Style BoxTM reveals a fund’s investment strategy. For equity funds, the vertical axis of the Equity Style Map shows the market capitalization of the stocks owned (large, medium, or small) and the horizontal axis shows investment style (value, blend, or growth).
© 2020 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.
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.