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Three ways to buy Thrivent funds

We’re here to help you invest with confidence.

MUTUAL FUNDS

Thrivent Account

You can purchase mutual funds right on our site with an online account.

Buy with a Thrivent account

  • Set up an account starting with as little as $50 per month.1
  • Access your online account at your convenience.
  • Purchase funds without transaction fees or sales charges.

MUTUAL FUNDS & ETFS

Financial Professional

For guidance when investing, ask a financial professional about buying Thrivent mutual funds & ETFs.

Buy with a financial professional

  • Receive investment help from an experienced professional.
  • Build a relationship through in-person meetings.
  • Get help planning for life’s goals such as saving and retirement.
  • Additional fees may apply.

MUTUAL FUNDS & ETFS

Brokerage Account

If you already have a brokerage account, our mutual funds & ETFs can be purchased through online brokerage platforms by searching for Thrivent Mutual Funds and ETFs.

Buy with a brokerage account

  • Add Thrivent Mutual Funds and ETFs to your investments within your existing portfolio.
  • Take advantage of your account to keep your investments in one place.
  • Additional fees may apply.
Not quite ready?

We want you to invest your money wisely and with confidence.
Here are some other options that may help you.

  • Take our quiz to determine your personal investment style.
  • Talk to your financial advisor about ETFs.
  • Sign up for our monthly investing insights newsletter.

 

Need more help?

If you need assistance, we’re here to help. Reach out to us via the phone, email, and support page information below.

 

This ETF is different from traditional ETFs. Traditional ETFs tell the public what assets they hold each day. This ETF will not. This may create additional risks for your investment. For example:

 - You may have to pay more money to trade the ETF’s shares. This ETF will provide less information to traders, who tend to charge more for trades when they have less information.

 - The price you pay to buy ETF shares on an exchange may not match the value of the ETF’s portfolio. The same is true when you sell shares. These price differences may be greater for this ETF compared to other ETFs because it provides less information to traders.

 - These additional risks may be even greater in bad or uncertain market conditions.

 - The ETF will publish on its website each day a “Proxy Portfolio” designed to help trading in shares of the ETF. While the Proxy Portfolio includes some of the ETF’s holdings, it is not the ETF’s actual portfolio.

The differences between this ETF and other ETFs may also have advantages. By keeping certain information about the ETF secret, this ETF may face less risk that other traders can predict or copy its investment strategy. This may improve the ETF’s performance. If other traders are able to copy or predict the ETF’s investment strategy, however, this may hurt the ETF’s performance. For additional information regarding the unique attributes and risks of the ETF, see the Principal Risks section of the prospectus.

1 New accounts with a minimum investment amount of $50 are offered through the Thrivent Mutual Funds "automatic purchase plan." Otherwise, the minimum initial investment requirement is $2,000 for non-retirement accounts and $1,000 for IRA or tax-deferred accounts, minimum subsequent investment requirement is $50 for all account types. Account minimums for other options vary.

Thrivent ETFs may be purchased through your financial professional or brokerage platforms.

Contact your financial professional or brokerage firm to understand minimum investment amounts when purchasing a Thrivent ETF.

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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
-
Daily NAV change
-
As of N/A
YTD return with sales charge
-5.26%
1-year return with sales charge
3.03%
As of 01/31/2024
Net annual fund operating expenses
1.17%
As of
Max sales charge
4.50%
As of

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 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, more than 50% have more than 20 years of investment experience, and more than 85% 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.


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 01/31/2024
1.17% Net annual fund operating expenses
1.34% Total annual fund operating expenses
Thrivent International Allocation Fund MSCI ACWI ex-USA - USD Net Returns Morningstar Foreign Large Blend Avg
3M 8.54% 13.34% 12.88%
YTD -5.26% -0.99% -0.74%
1Y 3.03% 5.88% 6.60%
3Y 1.42% 1.14% 2.46%
5Y 3.64% 5.32% 5.98%
10Y 2.95% 4.21% 4.40%

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 01/31/2024
$14,004
Total market value
$3,760
Current value of reinvested dividends and capital gains

Calendar year performance

as of 01/31/2024

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 01/31/2024
Total number of holdings
1124
Turnover ratio (as of 12/29/2023)
88%

Top 10 Holdings

as of 12/29/2023
13.21%
of all holdings
N/A
N/A
Security name % of total assets
Novartis AG 2.21%
ASML Holding NV 1.79%
Shell plc 1.40%
Sanofi SA 1.25%
CSL, Ltd. 1.19%
Nestle SA 1.13%
Novo Nordisk AS 1.09%
Toyota Motor Corporation 1.08%
AstraZeneca plc 1.08%
HSBC Holdings plc 0.99%

Fund Diversification

as of 12/29/2023
N/A
N/A
  • Financials
    18.20%
  • Industrials
    14.87%
  • Health Care
    12.70%
  • Consumer Discretionary
    12.30%
  • Information Technology
    12.01%
  • Materials
    8.31%
  • Consumer Staples
    6.90%
  • Energy
    5.38%
  • Communication Services
    4.37%
  • Utilities
    3.05%
  • Real Estate
    1.81%
  • Miscellaneous
    .10%

Equity characteristics

as of 01/31/2024
P/E Ratio Return on Equity
Thrivent International Allocation Fund 12.94 18.95%
S&P 500® Index 24.10 24.63%

Global Characteristics

as of 01/31/2024
World Economic Classification
Developed International 90.62%
Emerging Markets 8.56%
Frontier Markets 0.07%
United States 0.75%
Top Five Countries (54.85% of fund)
Japan 19.95%
United Kingdom 11.94%
Canada 8.39%
France 7.34%
Switzerland 7.23%


Ratings

Morningstar

as of 01/31/2024
Category: Foreign Large Blend
Morningstar Information
Funds in category
Overall
699
3-Year
699
5-Year
642
10-Year
423
Risk vs. category
Average
699
Return vs. category
Below Average
699

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 01/31/2024
Dividends Month End Nav Month End Pop
February 2023 $0.0000 $9.32 $9.76
March 2023 $0.0000 $9.57 $10.02
April 2023 $0.0000 $9.74 $10.20
May 2023 $0.0000 $9.37 $9.81
June 2023 $0.0000 $9.84 $10.30
July 2023 $0.0000 $10.15 $10.63
August 2023 $0.0000 $9.76 $10.22
September 2023 $0.0000 $9.43 $9.87
October 2023 $0.0000 $9.12 $9.55
November 2023 $0.0000 $9.89 $10.36
December 2023 $0.2769 $10.17 $10.65
January 2024 $0.0000 $10.09 $10.57

Trailing 12-Months; Dividend Schedule: Paid Annually


Capital gains - trailing 12 months

as of 01/31/2024
Record date Short term capital gains Long term capital gains Total
- - - -

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 (0.17%)
Net Annual Fund Operating Expenses 1.17%
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 -
Schedule of Investments -
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. As of April 30, 2023, Goldman Sachs Asset Management, LP no longer serves as subadviser to the Fund.

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.  Securities markets generally tend to move in cycles with periods when security prices rise and periods when security prices decline. The use of quantitative investing techniques also involves risks. These and other risks are described in the prospectus.

Individual Investors


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