Three ways to buy Thrivent funds

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MUTUAL FUNDS

Thrivent Account

You can purchase mutual funds right on our site with an online account.

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Buy with a Thrivent account

  • Set up an account starting with as little as $50 per month.1
  • Access your online account at your convenience.
  • Purchase funds without transaction fees or sales charges.

MUTUAL FUNDS & ETFS

Financial Professional

For guidance when investing, ask a financial professional about buying Thrivent mutual funds & ETFs.

Contact a Thrivent advisor

Buy with a financial professional

  • Receive investment help from an experienced professional.
  • Build a relationship through in-person meetings.
  • Get help planning for life’s goals such as saving and retirement.
  • Additional fees may apply.

MUTUAL FUNDS & ETFS

Brokerage Account

If you already have a brokerage account, our mutual funds & ETFs can be purchased through online brokerage platforms by searching for Thrivent Mutual Funds and ETFs.

Buy with a brokerage account

  • Add Thrivent Mutual Funds and ETFs to your investments within your existing portfolio.
  • Take advantage of your account to keep your investments in one place.
  • Additional fees may apply.
Not quite ready?

We want you to invest your money wisely and with confidence.
Here are some other options that may help you.

  • Take our quiz to determine your personal investment style.
  • Talk to your financial advisor about ETFs.
  • Sign up for our monthly investing insights newsletter.

 

Need more help?

If you need assistance, we’re here to help. Reach out to us via the phone, email, and support page information below.

 

This ETF is different from traditional ETFs. Traditional ETFs tell the public what assets they hold each day. This ETF will not. This may create additional risks for your investment. For example:

 - You may have to pay more money to trade the ETF’s shares. This ETF will provide less information to traders, who tend to charge more for trades when they have less information.

 - The price you pay to buy ETF shares on an exchange may not match the value of the ETF’s portfolio. The same is true when you sell shares. These price differences may be greater for this ETF compared to other ETFs because it provides less information to traders.

 - These additional risks may be even greater in bad or uncertain market conditions.

 - The ETF will publish on its website each day a “Proxy Portfolio” designed to help trading in shares of the ETF. While the Proxy Portfolio includes some of the ETF’s holdings, it is not the ETF’s actual portfolio.

The differences between this ETF and other ETFs may also have advantages. By keeping certain information about the ETF secret, this ETF may face less risk that other traders can predict or copy its investment strategy. This may improve the ETF’s performance. If other traders are able to copy or predict the ETF’s investment strategy, however, this may hurt the ETF’s performance. For additional information regarding the unique attributes and risks of the ETF, see the Principal Risks section of the prospectus.

1 New accounts with a minimum investment amount of $50 are offered through the Thrivent Mutual Funds "automatic purchase plan." Otherwise, the minimum initial investment requirement is $2,000 for non-retirement accounts and $1,000 for IRA or tax-deferred accounts, minimum subsequent investment requirement is $50 for all account types. Account minimums for other options vary.

Thrivent ETFs may be purchased through your financial professional or brokerage platforms.

Contact your financial professional or brokerage firm to understand minimum investment amounts when purchasing a Thrivent ETF.

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07/23/2024

How to choose a 529 plan

Black family celebrating with college graduate taking a selfie

Key points

Two options

Options include prepaid tuition plans and education savings plans to help families cover educational expenses.

Additional opportunities

The SECURE Act of 2019 and SECURE Act 2.0 of 2022 expanded the reach of how families can use 529 plans.

If you’re thinking of helping your children or grandchildren with education expenses, a 529 plan may be an option worth considering.

These plans are sponsored by states or educational institutions. They let you set up an investment account to pre-pay tuition costs at eligible colleges and universities, or make after-tax contributions to cover tuition for an elementary or secondary public, private or religious school. These investment accounts are designed specifically for the qualified educational expenses of the named beneficiary—usually a child with anticipated future educational costs.

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Prepaid tuition plans: Most of these plans are sponsored by state governments and require state residency for eligibility. When you open a pre-paid 529 plan, in most cases the money you contribute is converted to units or credits to be used in the future at participating colleges and universities. The credits may be used to cover tuition costs and—in some cases—room and board.

Education saving plans: Money contributed to these state-sponsored plans is not deductible from your current federal taxable income, but earnings within the plan are tax-deferred and may be tax-free when withdrawn if that money is used to cover eligible higher education costs. Many states also offer state income tax benefits, matching grants or other benefits when you invest in one of these plans from your state of residence.  

Those who invest in a 529 plan typically have the option to invest in their choice of several investment portfolios offered by the plan and are permitted to change their investment option twice per year (investments in education savings plans that invest in mutual funds and similar investments are not guaranteed by state governments and are not federally insured).

Be aware that regardless of whether you establish a prepaid tuition plan or an education savings plan, it may impact eligibility for financial aid, depending on who is the owner of the 529 plan. Financial aid rules change frequently, and schools can set their own rules for their own scholarships, so it’s important to continue to monitor the guidelines.  

The following chart outlines some of the major differences between prepaid tuition plans and education savings plans:

Differences between prepaid tuition plans and college savings plans1

Prepaid tuition plan

Educational savings plan

Most plans sponsored by state governments and have residency requirements for saver and/or beneficiary.

Sponsored by state governments. Some states have residency requirements for the saver and/or beneficiary.

Purchase units or credits for beneficiary to use in the future at participating colleges and universities.

Use an investment account to pay for the beneficiary’s future college or university educational expenses.

Participating higher educational institutions are usually public and located in the state hosting the plan. Beneficiaries can use for other schools, but amount is determined by the plan.

Use $10,000 annually to pay tuition for any elementary or secondary school; expenses required for registered apprenticeship programs and education loan repayments per beneficiary.

Use to cover tuition and mandatory fees.

May use for tuition, room and board and mandatory fees.

Some state governments guarantee money paid into the prepaid tuition plans. They are not guaranteed by the federal government.

Investments are not guaranteed by state governments. Most investment options are subject to market risk. Your investment may make no profit or even decline in value.

          

Plans are typically offered with mutual fund, exchange-traded fund (ETF) investments as well as bank products.

Withdrawals

While prepaid tuition plans are restricted for use with costs specific to the colleges or universities that sponsor the plans or in the states that sponsor the plans, withdrawals from education savings plans can generally be used at any eligible college or university. Education savings plans may also be used to cover the cost of the purchase of most computer technology or related equipment and services, such as Wi-Fi access for college expenses only. However, if you withdraw money from an education savings plan and do not use it on an eligible college expense, you will typically be subject to income tax and an additional 10% federal tax penalty on any earnings. The distribution may also be subject to state tax, depending on your state of residence. 

Additional changes were made to the plans after Congress passed both the SECURE Act, which was signed on Dec. 20, 2019, and the SECURE Act 2.0, signed Dec. 23, 2022.

Under SECURE Act plan holders can now:

  • Use their 529 accounts to cover expenses related to any registered apprenticeship program attended by the beneficiary. This includes any additional costs such as fees, equipment, books and other supplies.
  • Withdraw up to $10,000 from their plan to pay down qualified student loans penalty-free—with conditions. The first is that the $10,000 maximum is a lifetime limit for a beneficiary and each sibling. This means a family with two children can take out a maximum of $20,000 to pay down their student loans. Secondly, plan holders cannot claim any student loan interest deductions paid with this money.

Under SECURE Act 2.0 plan holders can now:

  • Roll over up to a lifetime amount of $35,000 (subject to the Roth IRA $7,000 per year rollover limit) from their 529 plan into a Roth IRA for the benefit of the 529 plan beneficiary.
    • The 529 plan must have been in existence for at least 15 years.
    • Any contributions and earnings on those contributions to the 529 plan in the last five years are ineligible.
    • The beneficiary or account holder must have earned income to at least equal the rollover amount (like a normal Roth IRA contribution).

Contributing to a 529 plan

Anyone may set up a 529 plan and name whomever they wish as the beneficiary—a relative, a friend or even yourself. There are no income restrictions for the contributor or the beneficiary.  

Total contributions may not exceed an aggregate amount that is set by each state. Contributions to the plan are also considered “gifts” for federal income tax purposes. Although the amount that you can give to any one person is $18,000 in 2024, you’re allowed to pre-pay up to five years’ worth of gifts to a 529 plan, or $90,000 in 2024 without incurring the federal gift tax, per individual donor.

If all the money in the 529 plan is not used, you have the option to change the beneficiary to another member of the family2 with no tax consequences. Once a year, you can roll the assets into another plan for the benefit of the same beneficiary or for the benefit of a member of the beneficiary’s family. 

Setting up a 529 plan

If you’re interested in 529 plans for your children or grandchildren, the Securities and Exchange Commission website has more information. If you’d like help with your research, you may want to talk with a financial professional. If you’re curious about other educational savings options, make sure to check out our Coverdell Education Savings Accounts (CESAs) or Uniform Transfers to Minors Act accounts (UTMAs), which you can conveniently open online.

 


 

1 “Updated Investor Bulletin: An Introduction to 529 Plans.” U.S. Securities and Exchange Commission. 2023.

2 Qualified family members include the designated beneficiary’s spouse, son or daughter, or a descendant of the beneficiary’s son or daughter; the beneficiary’s stepson or stepdaughter, brother, sister, stepbrother or stepsister, father or mother, or ancestor of either parent, stepfather or stepmother, niece or nephew, or aunt or uncle—as well as the spouse of any of those individuals, including the beneficiary’s son-in-law, daughter-in-law, father-in-law, mother-in-law, brother-in-law or sister-in-law.

The information provided is not intended as a source for tax, legal or accounting advice. Please consult with a legal and/or tax professional for specific information regarding your individual situation.

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