Thrivent Small Cap Stock Fund

This fund primarily allocates its capital to the stocks of smaller companies. A significant portion, specifically at least 80% of its net assets (including any funds borrowed for investment), will be held in these small-capitalization equities. The investment adviser chiefly targets U.S.-based enterprises whose market values align with those represented in well-known benchmarks such as the Russell 2000® Index or the S&P SmallCap 600® Index, or which are categorized as small companies by financial data providers like Morningstar or Lipper, Inc.