Investment objective & strategy
As of Feb. 26, 2026 · prospectusObjective. Thrivent International Equity Fund (the "Fund") seeks long-term capital growth.
Strategy. The Fund seeks to achieve its objective by investing at least 80% of its net assets in equity securities of issuers throughout the world. The Fund seeks to diversify its portfolio broadly among developed and emerging countries and among multiple asset classes. Under normal market conditions, the Fund invests at least 40% of its net assets in foreign assets. If market conditions are not deemed favorable by the Adviser, the Fund could invest a lower percentage, but at least 30% of its net assets in foreign assets. An asset may be determined to be foreign based on the issuers domicile, principal place of business, stock exchange listing, source of revenue, or other factors. Foreign securities may include those of issuers … The Fund seeks to achieve its objective by investing at least 80% of its net assets in equity securities of issuers throughout the world. The Fund seeks to diversify its portfolio broadly among developed and emerging countries and among multiple asset classes. Under normal market conditions, the Fund invests at least 40% of its net assets in foreign assets. If market conditions are not deemed favorable by the Adviser, the Fund could invest a lower percentage, but at least 30% of its net assets in foreign assets. An asset may be determined to be foreign based on the issuers domicile, principal place of business, stock exchange listing, source of revenue, or other factors. Foreign securities may include those of issuers in emerging markets. The Adviser determines which countries are considered emerging markets based on MSCIs Market Classification Framework, which evaluates markets based on economic development, size and liquidity, and market accessibility. Foreign securities may also include depositary receipts. The Fund may also pursue its investment strategy by investing in derivatives such as futures contracts to either hedge its exposure or gain exposure to certain investments. Should the Adviser change the investments used for purposes of this 80% threshold, you will be notified at least 60 days prior to the change. In buying and selling securities for the Fund, the Adviser uses an active strategy. This strategy consists of a disciplined approach that involves computer-aided, quantitative analysis of fundamental, technical and risk-related factors. The Advisers factor model (a method of analyzing and combining multiple data sources) systematically reviews thousands of stocks, using data such as historical earnings growth and expected future growth, valuation, price momentum, and other quantitative factors to forecast return potential. Then, risk characteristics of potential investments and covariation among securities are analyzed along with the return forecasts in determining the Funds holdings.
Top holdings
As of Jan. 30, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| Thrivent Core Short-Term Reserve Fund | — | $64.27M | 6.20% |
| State Street Navigator Securities Lending Portfolio II | GVMXX | $33.82M | 3.26% |
| ASML Holding NV | — | $22.75M | 2.19% |
| Novartis AG | — | $18.72M | 1.81% |
| SHELL PLC | — | $16.05M | 1.55% |
| Roche Holding AG, Participation Certificates | — | $15.96M | 1.54% |
| ABB, Ltd. | — | $14.89M | 1.44% |
| ALLIANZ SE (REGD) | — | $14.46M | 1.39% |
| UNICREDIT SPA | — | $13.49M | 1.30% |
| Taiwan Semiconductor Manufacturing Company, Ltd. | — | $12.86M | 1.24% |
Portfolio moves
Oct 31, 2025 → Jan 30, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| THRIVENT CORE INTERNATIONAL EQUITY FUND | 75% | 0.08% |
| THRIVENT INTERNATIONAL EQUITY PORTFOLIO | 66% | 0.74% |
| THRIVENT INTERNATIONAL INDEX PORTFOLIO | 42% | 0.40% |
Advisers
| Firm | Role |
|---|---|
| Thrivent Asset Management, LLC | Adviser |
Footnotes
- Expense ratio as of February 26, 2026, from the fund's prospectus.
- Net assets and holdings count as of January 30, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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