Thrivent International Allocation Fund 02/28/2020 The list of portfolio holdings is based on effective date (trade date plus one) and may not represent current or future portfolio composition. This information should not be construed as a recommendation to buy or sell any of the securities mentioned. The industry percentages shown represent the percentage of the fund's net assets. The percentage of net assets by security may not sum up to the percentage of net assets by industry as shown, due to rounding. This portfolio data has not been audited or adjusted for certain financial statement reclassifications. An audit could potentially result in adjustments to this data. For adjusted holdings information and information on our significant accounting policies, refer to the fund's annual and semiannual reports. For audited portfolio holdings information, please refer to the fund's annual report. Holdings for the funds are reported periodically to the Securities and Exchange Commission (SEC). Quarterly Non-money market fund holdings filed on Form N-PORT and N-CSR and monthly money market fund holdings filed on Form N-MFP can be obtained on the SEC's website at www.sec.gov. Due to reporting requirements, there could be variations in the holdings information shown here and that filed with the SEC. Communications Services (2.33%) Security Name Market Value % of Net Assets Advanced Info Service Public Company, Ltd. NVDR $309,331 0.04% Ascential plc 106,719 0.01% Auto Trader Group plc 819,022 0.10% Baidu.com, Inc. ADR 968,119 0.12% Capcom Company, Ltd. 103,328 0.01% Carsales.com, Ltd. 437,112 0.05% Cheil Worldwide, Inc. 222,260 0.03% China Mobile, Ltd. 509,351 0.06% China Telecom Corporation, Ltd. 907,974 0.11% China Unicom (Hong Kong), Ltd. ADR 89,712 0.01% CITIC Telecom International Holdings, Ltd. 200,087 0.02% Daiichikosho Company, Ltd. 494,681 0.06% Dena Company, Ltd. 1,057,398 0.13% DiGi.Com Berhad 123,140 0.02% Euromoney Institutional Investor plc 101,860 0.01% F@N Communications, Inc. 230,405 0.03% Gree, Inc. 284,343 0.03% Intouch Holdings Public Company, Ltd. NVDR 68,610 0.01% Kakao Corporation 332,497 0.04% Let's GOWEX SA 0 <0.01% Major Cineplex Group Public Company, Ltd. NVDR 172,388 0.02% Media Nusantara Citra Tbk PT 62,943 0.01% Metropole Television SA 220,903 0.03% Naspers, Ltd. 650,754 0.08% NAVER Corporation 202,823 0.02% New Work SE 101,281 0.01% PVR, Ltd. 205,447 0.03% Scout24 AG 300,496 0.04% SerComm Corporation 314,226 0.04% SKY Perfect JSAT Holdings, Inc. 185,138 0.02% SoftBank Corporation 1,137,711 0.14% Telekomunikasi Indonesia Persero Tbk PT ADR 279,166 0.03% Tencent Holdings, Ltd. 5,237,289 0.63% TV Asahi Holdings Corporation 2,875,472 0.35% Vision, Inc. 103,697 0.01% Total 19,415,683 Consumer Discretionary (9.55%) Security Name Market Value % of Net Assets Adidas AG $2,755,507 0.33% Aisan Industry Company, Ltd. 40,350 0.01% Alibaba Group Holding, Ltd. ADR 6,099,808 0.73% Alpen Company, Ltd. 1,480 <0.01% Amara Raja Batteries, Ltd. 502,926 0.06% 1 AOKI Holdings, Inc. 156,297 0.02% Aoyama Trading Company, Ltd. 238,356 0.03% Arcland Sakamoto Company, Ltd. 80,546 0.01% Aristocrat Leisure, Ltd. 2,012,768 0.24% ASKUL Corporation 45,174 0.01% Astra International Tbk PT 490,372 0.06% Autobacs Seven Company, Ltd. 153,488 0.02% Bajaj Auto, Ltd. 401,817 0.05% Barratt Developments plc 506,679 0.06% Bellway plc 1,555,610 0.19% Beneteau SA 47,534 0.01% Berjaya Sports Toto Berhad 43,875 0.01% Betsson AB 391,442 0.05% Bilia AB 287,752 0.04% boohoo group plc 1,050,489 0.13% Breville Group, Ltd. 343,696 0.04% Bridgestone Corporation 874,913 0.11% Card Factory plc 61,826 0.01% Chiyoda Company, Ltd. 470,653 0.06% Citizen Watch Company, Ltd. 495,589 0.06% Countryside Properties plc 113,930 0.01% Crest Nicholson Holdings plc 116,718 0.01% DCM Holdings Company, Ltd. 454,305 0.06% Denso Corporation 5,409,395 0.65% Dometic Group AB 117,485 0.01% Dunelm Group plc 238,762 0.03% Dustin Group AB 36,503 <0.01% Eagle Industry Company, Ltd. 4,525 <0.01% EDION Corporation 250,352 0.03% Europris ASA 375,021 0.05% Evolution Gaming Group AB 549,036 0.07% Exedy Corporation 2,701,885 0.32% Far Eastern Department Stores, Ltd. 63,585 0.01% Ferrari NV 522,958 0.06% Foster Electric Company, Ltd. 63,757 0.01% Frasers Group plc 63,514 0.01% Fu Shou Yuan International Group, Ltd. 50,051 0.01% Fujibo Holdings, Inc. 32,806 <0.01% Games Workshop Group plc 295,125 0.04% Geo Holdings Corporation 171,951 0.02% Goodbaby International Holdings, Ltd. 19,304 <0.01% Greaves Cotton, Ltd. 14,268 <0.01% Hana Tour Service, Inc. 101,700 0.01% Handsome Corporation 47,578 0.01% Hermes International 1,512,368 0.18% Hero Motocorp, Ltd. 44,443 0.01% Hyundai Department Store Company, Ltd. 168,513 0.02% Hyundai Wia Corporation 139,832 0.02% Iida Group Holdings Company, Ltd. 213,522 0.03% Inchcape plc 196,180 0.02% Industria de Diseno Textil SA 731,770 0.09% Inwido AB 182,921 0.02% Isuzu Motors, Ltd. 354,589 0.04% Izumi Company, Ltd. 99,310 0.01% JB Hi-Fi, Ltd. 778,521 0.09% JD.com, Inc. ADR 1,008,731 0.12% JVCKENWOOD Corporation 350,239 0.04% K's Holdings Corporation 938,300 0.11% Kangwon Land, Inc. 118,760 0.01% 2 Kaufman & Broad SA 246,419 0.03% Klockner & Company SE 245,937 0.03% Kohnan Shoji Company, Ltd. 300,074 0.04% KOMEDA Holdings Company, Ltd. 228,752 0.03% KOMERI Company, Ltd. 272,898 0.03% LeoVegas AB 41,967 0.01% LG Electronics, Inc. 151,655 0.02% LVMH Moet Hennessy Louis Vuitton SE 5,088,085 0.61% M.Video PJSC 368,197 0.04% Maisons du Monde SA 230,457 0.03% Maruti Suzuki India, Ltd. 254,593 0.03% MEDIA DO HOLDINGS Company, Ltd. 39,557 0.01% Meiko Network Japan Company, Ltd. 64,451 0.01% Midea Group Company, Ltd. 314,102 0.04% Mitra Adiperkasa Tbk PT 55,669 0.01% Moneysupermarket.com Group plc 3,577,654 0.43% Motus Holdings, Ltd. 131,362 0.02% NetEnt AB 356,927 0.04% New Oriental Education & Technology Group, Inc. ADR 540,847 0.07% Nexity SA 211,650 0.03% NHK Spring Company, Ltd. 18,167 <0.01% Nick Scali, Ltd. 47,965 0.01% Nihon Unisys, Ltd. 680,934 0.08% Nissan Motor Company, Ltd. 3,378,010 0.41% Nobia AB 287,778 0.04% Noritake Company, Ltd. 76,884 0.01% Onward Holdings Company, Ltd. 1,098,498 0.13% Park24 Company, Ltd. 1,434,348 0.17% Petrobras Distribuidora SA 180,175 0.02% Piaggio & C. SPA 1,041,120 0.13% Playtech plc 254,689 0.03% Pou Chen Corporation 117,689 0.01% Randon SA Implementos e Participacoes 73,932 0.01% Redrow plc 1,853,544 0.22% Rinnai Corporation 3,129,786 0.38% Riso Kyoiku Corporation, Ltd. 204,231 0.03% Rocket Internet SE 91,496 0.01% SA D'Ieteren NV 418,616 0.05% Saint Marc Holdings Company, Ltd. 102,249 0.01% Saizeriya Company, Ltd. 17,173 <0.01% Seiko Holdings Corporation 542,712 0.07% SEIREN Company, Ltd. 5,108 <0.01% Shanghai Industrial Urban Development Group, Ltd. 14,839 <0.01% Shimachu Company, Ltd. 194,293 0.02% SHIMAMURA Company, Ltd. 1,439,104 0.17% SkiStar AB 38,373 0.01% Sumitomo Electric Industries, Ltd. 5,224,309 0.63% Sumitomo Forestry Company, Ltd. 158,693 0.02% Sumitomo Rubber Industries, Ltd. 1,850,324 0.22% Super Retail Group, Ltd. 180,452 0.02% T-GAIA Corporation 39,793 0.01% Taiho Kogyo Company, Ltd. 59,812 0.01% Takara Leben Company, Ltd. 322,691 0.04% Takkt AG 149,596 0.02% Tama Home Company, Ltd. 135,737 0.02% Tamron Company, Ltd. 11,025 <0.01% TANSEISHA Company, Ltd. 169,249 0.02% Taylor Wimpey plc 1,096,157 0.13% Topre Corporation 74,084 0.01% 3 Tupy SA 76,670 0.01% Universal Entertainment Corporation 305,032 0.04% Vistry Group plc 1,230,634 0.15% Vita Group, Ltd. 377,822 0.05% Yellow Hat, Ltd. 225,329 0.03% Yum China Holding, Inc. 543,084 0.07% Zenrin Company, Ltd. 101,193 0.01% Total 79,556,105 Consumer Staples (4.41%) Security Name Market Value % of Net Assets Arcs Company, Ltd. $91,995 0.01% Asahi Holdings, Inc. 45,553 0.01% Austevoll Seafood ASA 296,736 0.04% Binggrae Company, Ltd. 64,816 0.01% Charoen Pokphand Foods Public Company, Ltd. NVDR 282,811 0.03% China Mengniu Dairy Company, Ltd. 62,130 0.01% Cloetta AB 877,303 0.11% Cocokara Fine, Inc. 166,684 0.02% CP ALL Public Company, Ltd. NVDR 483,872 0.06% Create SD Holdings Company, Ltd. 27,071 <0.01% Essity Aktiebolag 518,966 0.06% Fomento Economico Mexicano SAB de CV ADR 261,262 0.03% Fuji Oil Holdings, Inc.