Investment Objective

• Seeks long-term capital growth and income.

Investment Strategy

• A broadly diversified global portfolio of dividend-paying stocks that is designed using state-of-the-art risk management and optimization tools aimed at achieving higher-than-market income and lower-than-market volatility. Of course, diversification alone does not guarantee against a loss in a declining market.
• A focus on fundamentals in investment selection that considers factors such as dividend yield, dividend growth, dividend payout ratio and more.
• Volatility reduction strategies that include the use of preferred stocks and other investments.

Benefits of Investing in the Thrivent Equity Income Plus Fund

• An equity alternative that can help your retirement savings keep pace with inflation.
• Broad diversification across many types of equities, which may reduce volatility.  Of course, diversification alone
  does not guarantee against a loss in a declining market.
• Portfolio management that seeks consistent dividend-paying securities that contribute to long-term growth.
• All of the above in a single investment option.

Special Investment Risks

• Stocks are subject to the basic market and volatility risks in that a particular security, or securities in general, may decrease in value over short or even extended time periods. Volatility risk is the risk that certain types of securities shift in and out of favor depending on market and economic conditions as well as investor sentiment. Foreign investments involve additional risks, including currency fluctuations; greater political, economic and market instability; and different accounting standards. These risks are magnified when the Fund invests in emerging markets which may be smaller and less liquid than domestic markets. Real estate security prices are influenced by the underlying value of properties owned by the company, which may be influenced by the supply and demand for space and other factors. The real estate industry is cyclical, and the underlying value of securities issued by companies doing business in the real estate industry may be illiquid and fluctuate in value. Preferred securities have certain additional risks, including, but not limited to: they may include provisions that permit the issuer, at its discretion, to defer or omit distributions for a stated period without any adverse consequences to the issuer. These and other risks are described in the Fund’s prospectus.

Portfolio Management

Kevin Brimmer

David Spangler