Three ways to buy Thrivent funds

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Thrivent Account

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

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.


Financial Professional

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

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.


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.
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  • Take our quiz to determine your personal investment style.
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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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Gene Walden
Senior Finance Editor

Asset allocation funds can help tame volatility

By Gene Walden, Senior Finance Editor | 05/23/2023

Volatility will always play a part in the performance of the stock market, but you can help mitigate the volatility in your own portfolio by investing in asset allocation mutual funds.

Asset allocation funds are designed to attempt to reduce volatility by spreading assets around to several different types of investments, including a variety of equity securities, bonds and other fixed income securities.

Although diversification—with several asset groups feeding into the performance of the portfolio—does not eliminate risk, it may help reduce losses during stock market fluctuations. For instance, when the prices of small cap stocks are falling, U.S. blue chip stocks or international stocks within the portfolio may be moving up, along with bonds and other debt-related assets.

It is important to note that bonds can also be volatile, particularly in times when credit quality comes under pressure or when interest rates are changing. However, over longer terms, bonds have historically had lower volatility than stocks. The two asset classes can often be correlated in the opposite direction (when stocks go down, many bond sectors tend to rise), so while multi-asset portfolios could have lower returns over the long term than an all-equity index like the S&P 500®, a market-cap weighted index that represents the average performance of a group of 500 large-capitalization stocks, they will usually have lower volatility, too, often resulting in a smoother ride for investors.

The chart below shows the returns and standard deviation of returns (volatility) over a recent period for five different Morningstar Target Risk Indexes that represent various levels of diversification (with a mix of assets that may include stocks, bonds and other types of investments). The baseline is represented by the S&P 500, which shows an annualized return of 10.02%—which is higher than any of the sub-indexes—and a standard deviation of 14.72%. All five indexes had lower standard deviations than the S&P 500. Three of the five had better returns per unit of risk than the S&P 500 as well.

Chart depicting the risk & return over standard deviation of the S&P 500 vs Morningstar indexes

Asset allocation fund choices

Thrivent Mutual Funds offers four different asset allocation funds that range from moderately conservative to aggressive. Although each of the Funds has an asset allocation target, the actual allocation can vary depending on the outlook and judgment of the Fund managers. The Funds are actively managed by a team of more than 100 investment professionals.

For example, Thrivent Moderately Aggressive Allocation Fund has a target asset allocation of 80% equity securities and 20% fixed income securities, but the actual allocation typically varies somewhat as the Fund manager makes adjustments in the holdings to react to changing market and economic conditions.

Thrivent Moderately Aggressive Allocation Fund typically invests in more than a dozen different asset groups. The largest group has been large capitalization U.S. stocks, which typically accounts for over a third of the Fund’s total assets. The Fund also invests in several other equity groups, including international, small cap, and mid cap. Bonds and other debt instruments make up the balance of portfolio assets, led by securitized debt, investment grade credit, short-term bonds and cash, and government bonds. Other bond instruments include high yield bonds, floating-rate bank loans and international debt.

The diversification of these asset allocation funds makes them less volatile than the performance of a single equity category, such as a fund that invests primarily in mid-cap stocks. Although the more conservative portfolios would tend to have lower potential returns over the long-term, their losses tend to be more modest and less frequent than the more aggressive investments, and they tend to have lower volatility.

Gauging relative volatility and risk

To gauge relative volatility, investors often use a metric known as “beta.” Beta is a statistical measure of the volatility, or market risk, of an investment compared to a benchmark. The lower the beta, the lower the volatility of the investment compared with the benchmark.

The S&P 500 composite index is considered a beta baseline, with a beta of 1.0. Anything over 1.0 is considered more volatile or risky than the market and anything under 1.0 is considered less volatile and less risky. For example, over a recent three-year period through March 31, 2023, Thrivent Moderately Aggressive Allocation Fund – Class S had a beta of 0.77, which indicated that it was 23% less volatile than the S&P 500 during that period.

In addition to the Thrivent Moderately Aggressive Allocation Fund, Thrivent also manages three other asset allocation funds, giving investors with moderately conservative to aggressive risk tolerances the opportunity to choose a portfolio suited to their objectives and threshold for risk:

  • Thrivent Moderately Conservative Allocation Fund. The target allocation for this fund is 57% fixed income securities and 43% equity securities. While this fund would probably trail the market and the other Thrivent asset allocation funds during a strong bull market, it would typically be the least volatile, with the lowest risk, during rocky periods in the market. Over a recent three-year period through March 31, 2023, the Thrivent Moderately Conservative Allocation Fund – Class S has had the lowest beta of the group at 0.49, which indicates that it was 51% less volatile than the S&P 500.
  • Thrivent Moderate Allocation Fund. This fund’s target allocation is 65% of assets in equity securities and 35% in fixed income securities. Over the recent three-year period through March 31, 2023, the Thrivent Moderate Allocation Fund – Class S has had a beta of 0.67, which indicates that it was 33% less volatile than the S&P 500.
  • Thrivent Aggressive Allocation Fund. This fund is geared to investors who want most of their assets in the stock market, but still prefer some diversification to offset the volatility of the market. The target allocation of the fund is 95% of assets in equity securities and 5% in fixed income securities. Over a recent three-year period through March 31, 2023, the Thrivent Aggressive Allocation Fund – Class S had the highest beta of the asset allocation fund group at 0.89, which indicated that it was 11% less volatile than the S&P 500.

Thrivent Mutual Funds has more than 20 mutual funds, spanning most major asset classes, to help investors build diversified portfolios.

Although asset allocation funds cannot shelter you entirely from the ups and downs of the market, they can lower your exposure to the stock market and help reduce the volatility of your own portfolio over the long-term.

Learn more about Thrivent Asset Allocation Funds.

All data represents past performance.  Past performance does not guarantee future results. The investment return and principal value of the investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost.  Current performance may be lower or higher than the performance data quoted.  Visit for performance results current to the most recent month-end.

Any indexes shown are unmanaged and do not reflect the typical costs of investing. Investors cannot invest directly in an index.

Asset Allocation Fund Risks: The value of the Funds is influenced by a number of factors, including the performance of the broader market, the effectiveness of the Adviser’s allocation strategy, and risks specific to the Funds’ asset classes, market cap groups, investment styles, and issuers. Securities markets generally tend to move in cycles with periods when security prices rise and periods when security prices decline. Debt securities are subject to risks such as declining prices during periods of rising interest rates and credit risk, or the risk that an issuer may not pay its debt. The Funds invest in other funds; therefore, the Funds are dependent upon the performance of the other funds and are subject to the risks, additional fees and expenses of the other funds. Foreign investments involve additional risks, such as currency fluctuations and political, economic and market instability, which may be magnified for investments in emerging markets. The London Interbank Offered Rate (LIBOR) is being phased out, which brings uncertainty to instruments tied to it. The Adviser's assessment of investments may prove incorrect, resulting in losses or poor performance. The Adviser is also subject to actual or potential conflicts of interest. The use of quantitative investing techniques and derivatives such as futures also involve risks. High yield securities are subject to increased credit risk as well as liquidity risk. Leveraged loans, U.S. Government securities and mortgage-related and other asset-backed securities are subject to additional risk. The Funds may engage in active and frequent trading of portfolio securities, which may result in higher transaction costs and higher taxes. When interest rates fall, certain obligations will be paid off more quickly and proceeds may have to be invested in securities with lower yields. These and other risks are described in the prospectus.

The Morningstar Target Risk Index family consists of five indexes covering risk preferences ranging from Aggressive to Conservative. The indexes utilize asset allocation methodologies developed and maintained by Ibbotson Associates to determine underlying index weighting. The five target risk indexes include:  Aggressive (95% equities and 5% bonds), Moderately Aggressive (80% equities and 20% bonds), Moderate (60% equities and 40% bonds), Moderately Conservative (40% equities and 60% bonds) and Conservative (20% equities and 80% bonds).

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Why are dividends and capital gains in mutual funds important?

A portion of the gains achieved by mutual fund investors come from recurring distributions. These provide current income to an investor and are made up of dividends and capital gains.

A portion of the gains achieved by mutual fund investors come from recurring distributions. These provide current income to an investor and are made up of dividends and capital gains.



What is a bond?

What is a bond?

What is a bond?

Corporate entities use money raised with bonds to fund ongoing operations. The Federal government, states and cities issue bonds in order to raise money for a variety of reasons. Governmental agencies use money raised with bonds to fund projects that benefit the community.

Corporate entities use money raised with bonds to fund ongoing operations. The Federal government, states and cities issue bonds in order to raise money for a variety of reasons. Governmental agencies use money raised with bonds to fund projects that benefit the community.