Thrivent has offered investment products since 1970. The investment adviser for our funds is Thrivent Asset Management, LLC (TAM), a subsidiary of Thrivent. A membership-owned fraternal organization, Thrivent has provided holistic financial services and dedication to serving our clients for more than 100 years. For more information, visit thriventfunds.com. Financial professionals can contact us at 800-521-5308 or sales@thriventfunds.com. View our social media guidelines and privacy policy at https://www.thrivent.com/socialmedia/privacy-and-social-media.html. INVESTING INVOLVES RISKS, INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE PROSPECTUS AND SUMMARY PROSPECTUS CONTAIN MORE COMPLETE INFORMATION ON THE INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES OF THE FUND, AND OTHER INFORMATION, WHICH INVESTORS SHOULD READ AND CONSIDER CAREFULLY BEFORE INVESTING. PROSPECTUSES AND SUMMARY PROSPECTUSES ARE AVAILABLE AT THRIVENTFUNDS.COM OR BY CALLING 800-521-5308. Thrivent Distributors, LLC, a registered broker-dealer and member FINRA, is the distributor for Thrivent Mutual Funds and Thrivent Variable Portfolios. ALPS Distributors, Inc., member FINRA, is the distributor for Thrivent ETFs. Thrivent Distributors, LLC is the marketing agent for Thrivent ETFs. Asset management services for the Thrivent Mutual Funds and Thrivent ETFs are provided by Thrivent Asset Management, LLC, an SEC-registered investment adviser. Thrivent Asset Management, LLC also provides sponsors of managed accounts with non-discretionary investment advice in the form of model portfolios. Thrivent Variable Portfolios are advised by Thrivent, an SEC-registered investment adviser. Thrivent Distributors, LLC and Thrivent Asset Management, LLC are both subsidiaries of Thrivent, the marketing name for Thrivent Financial for Lutherans. ALPS Distributors, Inc. is not affiliated with Thrivent or any of its subsidiaries.