Thrivent Core Emerging Markets Debt Fund
Data updated: 2026-09-29
C000192839 — Thrivent Core Emerging Markets Debt Fund. Intermediate Treasury / Sovereign Bond · $621.01M AUM. Holdings, fees, performance and SEC filings.
C000192839 Fund Overview
Thrivent Core Emerging Markets Debt Fund is a US mutual fund managed by Thrivent Core Funds, categorised as Intermediate Treasury / Sovereign Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Thrivent Core Funds
- Category: Intermediate Treasury / Sovereign Bond
- Assets under management: $621.01M
- 1-year return: 15.7%
- SEC CIK: 0001669626
- SEC series ID: S000058778
- Share class ID: C000192839
C000192839 Investment Objective and Strategy
Thrivent Core Emerging Markets Debt Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Thrivent Core Funds.
Investment objective
"Thrivent Core Emerging Markets Debt Fund (the ""Fund"") seeks to maximize total return while providing high current income and capital appreciation. The Fund's investment objective may be changed without shareholder approval."
Principal investment strategy
Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in sovereign and corporate debt securities of issuers in emerging market countries. An emerging market country is any country determined by Thrivent Asset Management, LLC (Thrivent Asset Mgt. or the Adviser) to have an emerging market economy, considering factors such as the countrys credit rating, its political and economic stability and the development of its financial and capital markets. These emerging market countries include every nation in the world except the U.S., Canada, Israel, Japan, Australia, New Zealand, Hong Kong, Singapore and all nations typically considered part of Western Europe. At times, the Fund may have a significant amount of its assets invested in a particular country or geographic region.
The Fund primarily invests in the emerging market sovereign debt of countries covered by the Bloomberg Barclays EM USD Aggregate Index (the Funds benchmark index), but will also invest in the sovereign debt, quasi-sovereign debt and corporate bonds of emerging market countries outside of the benchmark where the Adviser finds attractive opportunities. As a non-diversified fund under the Investment Company Act of 1940 (the 1940 Act), the Fund focuses its investments in the securities of a relatively few number of issuers. The Fund generally invests only in U.S. dollar-denominated securities, but may invest in securities denominated in foreign currency. The Fund may invest in investment-grade and high yield (i.e., junk bond) securities, which may include the lowest-rated bonds, including those in default.
The Fund may invest in derivatives or other investments whose return is based on the return of an emerging market security, including exchange-traded funds (ETFs). The Fund expects to use these derivatives or other instruments primarily to increase or decrease exposure to a particular market, segment of the market, country, or security and to increase or decrease interest rate or currency exposure. These derivatives and other instruments may include futures, forward contracts, options, structured securities and credit default swap agreements. The Fund may enter into standardized derivatives contracts traded on domestic or foreign securities exchanges, boards of trade, or similar entities, and non-standardized derivatives contracts traded in the over-the-counter market. ETFs are investment companies generally designed to track the performance of a securities or other index or benchmark.
The Adviser uses fundamental, quantitative, and technical investment research techniques and seeks to maximize the Funds total return through fundamental economic analysis and an assessment of a countrys political situation to determine the creditworthiness, riskiness, and relative value of an issuers debt. Should the Adviser determine that the Fund would benefit from reducing the percentage of its net assets invested in emerging market sovereign and corporate debt securities from 80% to a lesser amount, it will notify you at least 60 days prior to the change.
C000192839 Holdings
Top 10 holdings of Thrivent Core Emerging Markets Debt Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| State St Inst US Gov Mm Fund | 4.67% |
| Argentina Republic Of Government | 1.74% |
| Thrivent Mutual Funds | 1.65% |
| Petroleos Mexicanos | 1.62% |
| Ecuador Republic Of (government) | 1.53% |
| Argentina Republic Of Government | 1.51% |
| Colombia (republic Of) | 1.33% |
| Abu Dhabi (emirate Of) | 1.28% |
| Egypt (arab Republic Of) | 1.21% |
| Nigeria (federal Republic Of) | 1.20% |
C000192839 Portfolio Allocation
Asset-class allocation of Thrivent Core Emerging Markets Debt Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 94.6% |
| Cash & Equivalents | 6.3% |
C000192839 Performance
Total returns for C000192839 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.9% |
| 1 year | 15.7% |
| 3 years (annualised) | 11.7% |
| 5 years (annualised) | 3.7% |
C000192839 Risk Information
Risk metrics for C000192839, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 5.5%
C000192839 Costs and Fees
C000192839 costs about $5 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.05%
- Gross expense ratio: 0.05%
- Portfolio turnover: 14%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000192839 Cashflows
Over the 12 months to 2026-04, Thrivent Core Emerging Markets Debt Fund had net outflows of $102.95M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$1.12M |
| 2026-03 | $2.92M |
| 2026-02 | $2.59M |
| 2026-01 | −$47.69M |
| 2025-12 | −$20.06M |
| 2025-11 | −$3.61M |
C000192839 Debt Constituents
Largest debt holdings of Thrivent Core Emerging Markets Debt Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Argentina Republic Of Government | 1.74% |
| Petroleos Mexicanos | 1.62% |
| Ecuador Republic Of (government) | 1.53% |
| Argentina Republic Of Government | 1.51% |
| Colombia (republic Of) | 1.33% |
| Abu Dhabi (emirate Of) | 1.28% |
| Egypt (arab Republic Of) | 1.21% |
| Nigeria (federal Republic Of) | 1.20% |
| Oman Sultanate Of (government) | 1.14% |
| Cote D Ivoire (republic Of) | 1.09% |
C000192839 Prospectus and SEC Filings
Official Thrivent Core Emerging Markets Debt Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-27
- Prospectus (485BPOS) — filed 2025-02-27
- Prospectus (485BPOS) — filed 2024-02-28
- Portfolio holdings (N-PORT) — filed 2026-09-29
- Portfolio holdings (N-PORT) — filed 2026-06-26
- Portfolio holdings (N-PORT) — filed 2026-03-27
- Annual census (N-CEN) — filed 2026-01-09
- Annual census (N-CEN) — filed 2025-01-08
Related Funds
Other Intermediate Treasury / Sovereign Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.