Thrivent Core Emerging Markets Debt Fund (0P0001B4ZB)

Overview

The fund is uniquely positioned to offer investors exposure to emerging market sovereign debts, focusing primarily on those indexed by the JPMorgan EMBI Global Diversified Index. This specialized investment approach seeks to capitalize on the growth potential of emerging markets while also exploring debt investment opportunities outside the benchmark index. By not limiting itself to a diversified portfolio, the fund adopts a targeted strategy, enabling it to invest in a blend of sovereign debt, quasi-sovereign debt, and corporate bonds that present attractive investment opportunities. Although the fund prioritizes investments in U.S. dollar-denominated securities, it remains open to including securities denominated in foreign currencies, expanding its reach and potential for returns in the global debt market.

Products and Services

• Emerging Market Sovereign Debt Investments

  The fund’s core investment focus is on sovereign debt from emerging markets indexed by the JPMorgan EMBI Global Diversified Index. This approach targets countries with the potential for economic growth and offers an entry point into diverse emerging markets. By investing in these debt securities, the fund aims to gain from the interest income and potential appreciation of these assets.

• Quasi-Sovereign and Corporate Bonds

  Beyond traditional sovereign debt, the fund diversifies its holdings by investing in quasi-sovereign and corporate bonds issued by entities in emerging markets. These investments offer a different risk-reward profile compared to sovereign debt, potentially providing higher yields and added diversity to the fund’s portfolio. This blend allows investors to benefit from a broader spectrum of debt instruments within the emerging markets.

• U.S. Dollar-Denominated and Foreign Currency Securities

  While the fund predominantly invests in U.S. dollar-denominated securities, it also considers investments in securities denominated in foreign currencies. This strategy aims to capture gains from currency fluctuations and interest rate differences across countries. By not limiting itself to dollar-denominated instruments, the fund can access a wider array of investment opportunities across global debt markets, enhancing its potential for diversified returns.