Sales Charges

An initial sales charge applies when you purchase Class A shares of the Thrivent Mutual Funds, excluding the Thrivent Money Market Fund and Thrivent Limited Maturity Bond Fund. The amount of the sales charge decreases as the amount of your investment in the Thrivent Mutual Funds increases.

When You Invest: ($)	Initial Sales Charge Equity Funds & Asset Allocation Funds (%)	Initial Sales Charge Bond Funds (except Government Bond Fund) (%)	Initial Sales Charge Government Bond Fund (%)
Less than 50,000	5.5	4.5	2.0
50,000 – 99,999	4.5	4.0	1.75
100,000 – 249,999	3.5	3.5	1.75
250,000 – 499,999	2.5	2.5	1.50
500,000 – 999,999	2.0	2.0	1.50
1,000,000 or more	0¹	0¹	0¹

Equity Funds

Thrivent Real Estate Securities Fund
Thrivent Partner Small Cap Growth Fund
Thrivent Partner Small Cap Value Fund
Thrivent Small Cap Stock Fund
Thrivent Mid Cap Growth Fund
Thrivent Partner Mid Cap Value Fund
Thrivent Mid Cap Stock Fund
Thrivent Partner Worldwide Allocation Fund
Thrivent Partner International Stock Fund
Thrivent Large Cap Growth Fund
Thrivent Large Cap Value Fund
Thrivent Large Cap Stock Fund
Thrivent Equity Income Plus Fund
Thrivent Balanced Fund

Equity Funds

Thrivent Aggressive Allocation Fund
Thrivent Moderately Aggressive Allocation Fund
Thrivent Moderate Allocation Fund
Thrivent Moderately Conservative Allocation Fund

Bond Funds

Thrivent High Yield Fund
Thrivent Diversified Income Plus Fund
Thrivent Municipal Bond Fund
Thrivent Income Fund
Thrivent Core Bond Fund

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 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). In order to ensure that you pay the lowest deferred sales charge possible, the Fund will first redeem shares that are not subject to the deferred sales charge and then shares subject to the deferred sales charge. There is no deferred sales charge on exchanges into Class A shares of another Fund. The date of your initial investment will continue to be used as the basis for deferred sales charge calculations when you exchange. If you exchange Class A shares of any other Fund for Class A shares of Thrivent Money Market Fund or Thrivent Limited Maturity Bond Fund, the elapsed time used to measure the one-year time period will stop during the period your investment is in the Class A shares of either the Thrivent Money Market Fund or the Thrivent Limited Maturity Bond Fund. The amount of any deferred sales charge will be paid to Thrivent Investment Mgt., the distributor of the Funds.

No deferred sales charge will apply to the following:

Increases in the net asset value of shares above the purchase price;
Shares purchased through reinvestment of dividends and capital gains distributions;
Shares purchased more than one year prior to redemption;
Shares redeemed due to the death or disability of a sole individual shareholder (but not for shares held in joint accounts or "family," "living" or other trusts) and for mandatory retirement distributions from an IRA or a tax-sheltered custodial account (403(b) plan); or
Redemptions from certain retirement plans that are taken in substantially equal payments.

Reducing the Sales Charge

Besides investing higher amounts, there are several other ways to eliminate or reduce the initial sales charge.

Rights of Accumulation: You can combine the value of all shares of any class of the Thrivent Mutual Funds owned by you or members of your family who live with you for the purposes of calculating the sales charge for Class A shares. You must notify us at the time of purchase of the other existing accounts, and we may ask you to provide us with account statements of these accounts. Exceptions are:
- Thrivent Money Market Fund and Thrivent Limited Maturity Bond Fund.
- Accounts related to employer-sponsored retirement plans, including SEP IRA, SIMPLE IRA and 403(b) Plans.
- Corporate or partnership accounts (unless owned by a single person).
Automatic Reinvestments: Class A shares that you purchase by automatically reinvesting dividends or capital gains distributions from Class A shares are not subject to any initial sales charge.
Thirteen-month Letter of Intent: If you or members of your family who live with you ("family members") intend to purchase at least $50,000 or more of Class A shares of one or more of the Funds (except for shares of Thrivent Limited Maturity Bond Fund and Thrivent Money Market Fund (the "Excluded Shares")) within a 13-month period, you may sign a letter of intent and receive the reduced sales charge on these purchases. The total amount of your intended purchases will determine the sales charge that will apply. Purchases made within 90 days prior to the execution of the letter of intent (the "90-day purchases") will be used for purposes of meeting the applicable threshold (e.g., $50,000). In these cases, however, the thirteen-month period will begin on the date of the first 90-day purchase.

You may combine the value of all existing shares of any Fund (except for the Excluded Shares) in certain types of accounts that you or family members own for purposes of determining the amount that must be purchased to satisfy your commitment under the letter of intent. Accounts will be valued as of the day before the start date of the thirteen-month period. You must notify us, however, of the other existing accounts, and we may ask that you provide account statements for these other accounts. Please note that shares held in certain types of accounts (e.g., multi-participant, employer-sponsored retirement plans and certain partnership and corporate) are not included for purposes of taking advantage of reduced sales charges offered by a letter of intent.

The Fund will hold a certain portion of your investment in escrow until your commitment is met. If your commitment is not met, a portion of your investment will be redeemed to satisfy the higher sales charge applicable to the amount actually purchased.
Reinvestment Upon Redemption/Cash Dividends: Except for certain employer-sponsored retirement plans, if you redeem any or all of your Class A shares of any Fund other than Thrivent Limited Maturity Bond Fund or Thrivent Money Market Fund, or receive cash dividends from one of these Funds, you may reinvest any amount of your redemption or cash dividend in Class A shares of any of the Funds without paying a sales charge. You must make your reinvestment within 90 days after redeeming your Class A shares or receiving your dividend and inform the Fund that you qualify for this discount. Your redemption or receipt of a cash dividend may be a taxable event even if the cash proceeds are later reinvested. Please contact your tax advisor for more information.

Note: Your redemption may still be a taxable event, even if the shares are later reinvested. Contact your tax advisor for more information.
Surrender or Dividend Withdrawal or Loan: If your assets are surrendered, you request a dividend withdrawal or you take out a loan from a life insurance or annuity contract issued by Thrivent Financial for Lutherans or Thrivent Life Insurance Company, and you direct that the money should be used to purchase Class A shares of the Thrivent Mutual Funds, the sales charge will be waived, provided that you inform the Fund that you qualify for this discount.
Purchases by Tax-exempt Organizations: Class A shares of any of the Thrivent Mutual Funds are available at one-half of the regular sales charge (if any) if purchased by an organization qualifying for tax-exemption under Sections 501(c)(3) and 501(c)(13) of the Internal Revenue Code. You must notify us, at the time of initial purchase, if you are a tax-exempt organization under either 501(c)(3) or 501(c)(13). In addition, we may require that you provide proof of your tax-exempt status.
Investment Advisory Program: Shares purchased in connection with fee-based investment advisory services offered by Thrivent Investment Management, Inc. will not be subject to any sales charge.
Certain Retirement Plans: Thrivent Investment Mgt. may waive the sales charge for purchases of shares by certain retirement plan accounts.
Certain Financial Intermediaries: Thrivent Investment Mgt. may waive the sales charge for shares purchased by certain banks, broker-dealers and other financial institutions, which have entered into an agreement with Thrivent Investment Mgt. or one of its affiliates, on behalf of clients participating in a fund supermarket, wrap program, asset allocation program or other program.

See the Thrivent Mutual Funds Prospectus or contact a Thrivent Financial representative for additional ways to reduce or eliminate any applicable sales charge.

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.

¹ A contingent deferred sales charge of 1% will apply to shares redeemed within one year.

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