How to buy mutual funds from Thrivent

We’re delighted you’re considering Thrivent Mutual Funds. No matter how you buy, we’re here to help you invest with confidence.

Buy online through Thrivent Funds

You can open an account and purchase funds right on our site.

Why buy online?

  • Set up an account starting with as little as $50 per month1
  • Access your online account at your convenience.
  • Purchase funds without transaction fees or sales charges.

 

Buy through a financial professional

Need more guidance? Ask your financial professional about Thrivent Mutual Funds.

Why work 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, when working with a financial professional.

 

Buy through an investment account

Our funds can be purchased through other online brokerage platforms. Search for Thrivent Mutual Funds when making your selections.

Why buy through a brokerage account?

  • Add Thrivent Mutual Funds to 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.

 

Need more help?

Call or email us.
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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. $50 a month automatic investment does not apply to the Thrivent Money Market Fund or Thrivent Limited Maturity Bond Fund, which have a minimum monthly investment of $100.

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Mark Simenstad
Chief Investment Strategist

4th Quarter 2020 Outlook

Market recovery: The beat goes on

10/06/2020
By Mark Simenstad, Chief Investment Strategist | 10/06/2020
Shot of a young woman using a laptop and going over paperwork while working in a cafe

In a market rally that defies typical fundamental rationale, market watchers have resorted to clever acronyms, such as “TINA” (There Is No Alternative) and “FOMO” (Fear of Missing Out), to explain the current investor behavior.

Although simplified and glib, both acronyms carry some validity.

The 3rd quarter saw the continuation of the surprising recovery in the equity market – both here and abroad – reaching a new record level in September before a mild correction.  Markets were led by what are now viewed as defensive technology companies whose businesses have proven to thrive in a work-from-home environment. (See: 3rd Quarter Review: Market retreats off record high as economy begins recovery )

In the bond market, interest rates barely moved during the 3rd quarter.  Short term rates remain pinned near 0%, while 10-year Treasury bond yields remain locked around 0.65%. High yield corporate bonds benefitted from easy Fed policy and investors’ insatiable search for yield.

Fundamentals improving

There are some glimmers of fundamental rationale behind the market’s strength.  The jobs market has enjoyed a surprising recovery with weekly initial jobless claims falling from a shocking level of nearly 7 million to 870,000 currently. Meanwhile the unemployment rate has fallen from nearly 15% to 7.9% in only four months. Unfortunately, lower skilled jobs, especially in many service-oriented industries are not coming back nearly as fast.

The housing market hasn’t missed a beat during the pandemic, while industrial production and manufacturing are showing signs of a strong recovery. Manufacturing, especially in new order statistics, has recovered somewhat from the 1st quarter economic shutdown. Sentiment indicators, such as consumer confidence, also are showing real signs of improvement, in line with the improving jobs environment.

Much of the recovery has been driven by the extreme monetary policy response of the Federal Reserve (Fed) and the fiscal emergency funding from congressional action. In the very near term, this recovery could be stalled if Congress is not able to pass continuing financial relief for still-struggling citizens, businesses (especially small businesses), and state and local governments. Unfortunately, this relief legislation is running into the challenging realities of partisan politics very close to a presidential election.

Key market factors

In this environment, the coronavirus infection level – and its impact on the health care system, consumer confidence and politics – is paramount. This remains the major factor in establishing a durable economic recovery.

Fed policy remains a bulwark of support to the market. Exceptionally low rates, and Fed intervention in the bond market remains a very powerful force in not only supporting the economy but driving stock prices higher. It is clear from the Fed’s public pronouncements that this policy is not changing anytime soon.

One longer term issue which bears watching is inflation. Pockets of meaningful price increases are starting to become evident. However, inflation concerns really become more of a problem when wages start moving up. Given the relatively weak level of the employment situation, this is not a near term issue. Longer term, higher inflation risk could lead to some market reaction that would require some portfolio re-orientation.

Corporate earnings collectively were a positive surprise from the 2nd quarter, although this was due to the exceptional earnings of companies that were “winners” in the lockdown environment.

The election remains a messy wild card.  Longer term it is not helpful to let the emotion that surrounds politics influence long-term strategic investment decisions. However, the outcome of the election could have near term implications for sector allocations. Upon the outcome of the election, it will be important to evaluate potential tax, regulation and fiscal policy initiatives.  Not only will these factors have a potential near-term impact on the markets, but more importantly, they may require a careful review of an individual’s financial plan.

Looking out to the 4th quarter

The 4th quarter could be volatile, particularly after such a strong market surge from the depressed levels of March. We have already seen some market volatility late in the 3rd quarter. Stock market valuation is high, but can be justified by exceptionally low interest rates, full-out monetary policy support from the Fed and possibly another pending dose of fiscal support from Congress. The upcoming election certainly could add to this volatility, as could changing dynamics in the battle against COVID-19.

Interest rates remain exceptionally low, resulting in real yields (adjusted for inflation) that are negative.  With long term rates so low, bond return expectations are uninspiring. While the future of both equity and fixed income markets remain cloudy, individual investors should remain committed to a well-thought-out, long-term approach to your portfolio.


All information and representations herein are as of 10/06/2020, unless otherwise noted.

The views expressed are as of the date given, may change as market or other conditions change, and may differ from views expressed by other Thrivent Asset Management, LLC associates. Actual investment decisions made by Thrivent Asset Management, LLC will not necessarily reflect the views expressed. This information should not be considered investment advice or a recommendation of any particular security, strategy or product. Investment decisions should always be made based on an investor's specific financial needs, objectives, goals, time horizon, and risk tolerance.

Past performance is not necessarily indicative of future results.

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