Investment Plans

Thrivent Mutual Funds offer several automatic investment plans to make periodic investing more convenient. Using the Funds' automatic investment plans, you may implement a strategy called dollar cost averaging. Dollar cost averaging involves investing a fixed amount of money at regular intervals. When you dollar cost average, you purchase more shares when the price is low and fewer shares when the price is high. Because dollar cost averaging involves continuous investing, investors should consider their long-term ability to continue to make purchases through periods of low price levels.

For further information regarding any of the following automatic investment plans, contact your Thrivent Financial representative or the Interaction Center at 800-THRIVENT (800-847-4836).

Automatic Bank Withdrawal Plan

Investors who wish to make regular additional investments in an existing Fund account may do so through the Funds' Automatic Bank Withdrawal Plan. Under this plan, the Funds will withdraw from an investor's bank checking or savings account in the amount specified – subject to certain required minimum investments – on specified dates. The proceeds will be invested in shares of the specified Fund at the applicable offering price determined on the date of the draw. To use this plan, you must authorize the plan on your application form, or subsequently in writing, and may be required to submit additional documents. This privilege may not be available on all retirement plan accounts.

Automatic Exchange Plan

You may exchange shares on a regular basis by using the Automatic Exchange Plan. The plan allows you to exchange funds at regular intervals, on dates you select, between the different Funds of the Thrivent Mutual Funds. The following guidelines apply:

• Exchanges are permitted between accounts of the same share class and accounts with similar registrations, subject to certain required minimum investments.
• To start the plan, you will, in most cases, be required to complete paperwork.
• To stop or change your plan, you must notify Thrivent Mutual Funds 10 days prior to the next exchange date.

Automatic Payroll Deduction Savings & Investment Plan

The payroll deduction savings and investment plan allows employees, Social Security recipients, federal employees and military personnel to invest in the Funds through direct deduction from their paychecks or commission checks subject to certain required minimum investments. For more information about how to instruct another institution to send payroll deduction amounts to your mutual fund account, contact the Interaction Center at 800-THRIVENT (800-847-4836).

If you purchase shares by check, electronic funds transfer (other than bank wire) or an automatic investment plan and you elect to redeem those shares soon after their purchase, a Fund may delay paying the redemption proceeds until your payment has cleared, which could take up to 10 days or more from the date of purchase.

Investing in a mutual fund involves risks, including the possible loss of principal. The prospectus contains more complete information on the investment objectives, risks, charges and expenses of the fund which investors should read and consider carefully before investing.

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