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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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  • 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

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

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  • 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.

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  • 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.
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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.

 

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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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OUR VIEW

A look ahead: Second quarter 2022 outlook

04/19/2022

04/19/2022

Prices, profits, and price-to-earnings multiples remain the keys to market performance 

Prices 

  • The Russian invasion has caused commodity prices, especially oil, to surge. A more significant longer-term issue with inflation is labor price pressure and consumer inflation expectations, both of which continue to build.
  • Equity market performance had been understandably weak at the onset of the Federal Reserve’s (Fed) rate hiking cycle, but more recently stocks have actually risen in tandem with bond yields, a possible sign that the equity market is getting more comfortable with the Fed’s tactics in restraining inflation.

Profits

  • Corporate profitability has been the main buttress in supporting the equity market. Fourth-quarter 2021 profits were quite strong as the impacts of the pandemic began to recede. Upcoming first-quarter earnings reports will be carefully scrutinized regarding the impact that both input price pressure and escalating labor costs may have on profitability.

P/E multiples

  • The currently higher price/earnings (P/E) valuations can be justified by exceptionally low interest rates and when growth rates are high.
  • Valuations and P/E multiples are more likely to remain stable or moderately lower, with markets driven primarily by earnings.

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Asset allocation views: Current outlook

Tactical vs. strategic position

 

Equity vs. Fixed Income

  • Thrivent’s viewpoint is a maintained overweight to equity; however, it is becoming increasingly difficult to remain positive on the market. 
  • We expect a predominately sideways trade, accompanied by higher levels of volatility, especially when contrasted with the post-shutdown rally.

Equities

Equities

 

U.S. vs. Int'l.

  • Within international markets, we remain modestly overweight developed markets versus emerging markets.
  • Longer-term, China’s rapidly aging population and falling birthrate combined with a material debt burden are structural impediments to growth. Near-term, rising geopolitical tensions with Hong Kong and Taiwan in addition to Covid Zero policies that result in lock-downs increase pressure on economic growth.
  • Within developed markets, inflation is acute. On a relative basis, Europe is severely affected by the war in Ukraine. Energy and food costs were already high and are now surging further to levels not seen in decades.

 

Market Cap

  • We remain overweight small- and mid-caps. However, more cyclical areas of the market—including small-caps and value—tend to move closely with U.S. macro leading indicators such as PMIs and consumer confidence.
  • Small-caps had substantially outperformed with the liquidity induced rally at the end of 2020 into early 2021, soaring some 35% above large-caps. Since then, they have underperformed approximately 25%.
  • While the more recent underperformance diminishes some of the relative risk to larger caps, a Federal Reserve (Fed) tightening cycle with decelerating growth presents a tough environment for small-caps and cyclicals, overall.

Fixed-income

 

Duration

  • During the quarter, ten-year rates rose 83 basis points from 1.51% to 2.34%. A large part of this increase in rates was due to inflation and the Fed’s reaction to it.
  • Low unemployment also played a role. During the quarter, the Fed commenced tightening by 25 basis points in March and is expected to continue past 2022, with some increases of 50 basis points. As a result, two-year interest rates increased by 160 basis points from 0.73% to 2.33%. Fed policy affects short-term rates more than long-term rates. Thirty-year interest rates increased from 1.90% to 2.45%.
  • We expect there will be continued pressure toward higher interest rates going into 2022. Our Funds tend to have shorter durations, which should reduce the adverse impact of rising interest rates.

 

Yield Curve

  • Like last quarter, a flattening of the yield curve was a dominant theme during the first quarter.
  • Another yield curve we like is the spread between 3-month Treasury Bills and 10- year Treasury Notes. This curve typically gives a closer forecast of a recession. Currently it is quite steep and not predicting an imminent recession.

 

Credit Quality1

  • Credit spreads declined again in the third quarter, falling far below long-term averages.
  • We expect credit spreads to stay relatively range-bound with some slight tightening; however, the low spread levels make corporate credit more susceptible to backups on negative news.
  • High-quality credit, though, continues to offer little absolute yield and remains sensitive to interest rate increases, so we continue to modestly prefer lower quality sectors, like high yield and leveraged loans.
  • We also favor selectively seeking yield in alternative fixed-income sectors, such as preferred securities and fixed-income closed-end funds.

1 Credit Quality ratings are determined by credit rating agencies Moody’s Investor Services, Inc. or Standard & Poor’s Financial Services, LLC.

The Senior Investment Team is discussing the asset classes, sectors and portfolios they oversee at a macroeconomic level. The views expressed are as of the date given unless otherwise noted and 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 recommendations of any particular security, strategy or product.

Past performance is not necessarily indicative of future results.

Related insights

March 2023 Market Update

03/07/2023

Stocks in box as economic uncertainty continues

Stocks in box as economic uncertainty continues

Stocks in box as economic uncertainty continues

Stocks have been trading in a narrow range in recent months, with the S&P 500 yo-yoing between about 3,700 and 4,150 since last September, as economic uncertainty over inflation – and the response by the Federal Reserve (Fed) – continues.

Stocks have been trading in a narrow range in recent months, with the S&P 500 yo-yoing between about 3,700 and 4,150 since last September, as economic uncertainty over inflation – and the response by the Federal Reserve (Fed) – continues.

03/07/2023

February 2023 Market Update

02/07/2023

Economy remains resilient despite Fed rate hikes

Economy remains resilient despite Fed rate hikes

Economy remains resilient despite Fed rate hikes

It's the economy that just won’t die. Even after a series of rate hikes by the Federal Reserve (Fed) totaling 4.25% over the past 12 months, along with other monetary tightening policies, the economy has continued to grow at a healthy clip.

It's the economy that just won’t die. Even after a series of rate hikes by the Federal Reserve (Fed) totaling 4.25% over the past 12 months, along with other monetary tightening policies, the economy has continued to grow at a healthy clip.

02/07/2023