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Buy mutual funds online through Thrivent Funds

To buy mutual 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 funds through your financial professional

Need more guidance? Interested in an ETF? Ask your financial professional about Thrivent Mutual Funds and ETFs.

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 your brokerage account

Our mutual funds & ETFs can be purchased through online brokerage platforms. Search for Thrivent Mutual Funds and ETFs when making your selections.

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

  • Determine your personal investment style by taking our quiz.
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Need more help?
  • For mutual funds help, call us at 800-847-4836, or email contactus@thriventfunds.com.
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  • For additional help visit our support page.

 

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. Expand for more info.
  • 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.

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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MUTUAL FUND FOCUS

Mining the middle ground: What’s driving growth in the mid-cap market?

Gene Walden, Senior Finance Editor | 03/11/2022

03/11/2022

For investors, the mid-cap sector can get lost in the shuffle between the alluring promise of small-cap stocks and the familiar market leaders of the large-cap sector.

But the mid-cap market – which encompasses stocks in the range of about $7 billion to $35 billion in market cap – offers a world of opportunity for investors looking for long-term growth potential with a bit more stability than many of the stocks of the small-cap universe.

“The mid-cap market offers more established business models, more established management teams, and a little less risk versus small cap stocks,” explained Brian Flanagan, senior portfolio manager of Thrivent Mid Cap Stock Fund (TMSIX). “And it typically offers better growth opportunities versus large cap stocks.”

While the large cap sector has been leading the way in terms of performance recently – particularly the technology area – Flanagan points out that “over the long-term, mid-caps have traditionally offered better growth than the large caps.”

Although the mid-cap universe has trailed the blue chips in recent years, as the economy unwinds from the pandemic, Flanagan believes a number of factors could favor the growth of mid-cap stocks.

For instance, as the pandemic continues to fade, economies around the world could see renewed growth. Strong consumer balance sheets and savings rates could also benefit mid-cap stocks.

What's behind Thrivent Mid Cap Stock Fund's industry-leading performance?

Thrivent Mid Cap Stock Fund – Class S (TMSIX) was recently recognized as a Refinitiv Lipper Fund Awards 2022 winner for “U.S Best Mid-Cap Core Funds Over 5- and 10-Years” (out of 234 and 150, respectively, for the period ended November 30, 2021). (See: Our Achievements)

Flanagan attributes much of that success to three key factors – people, process and patience.

“Thrivent has an outstanding investment division with experience through many different market cycles and dynamics across industries,” said Flanagan, “The Fund management team – Brett Schweisow, Chad Miller and I – has the support of a 24-person fundamental and quantitative research team with over 20 years of average experience.”

Their investment process focuses on adding value by investing in attractive companies at good valuations while controlling risk. “It begins with a quantitative screening process that identifies attractive companies that we should do the fundamental research on,” added Flanagan. That research revolves around three main areas:

  1. Operating performance. “We’re looking for companies that can maintain a high return on invested capital or improve their return on invested capital through revenue growth, operating efficiencies, and capital management.”
  2. Valuation. The team determines an underlying value for each company in the portfolio through fundamental research, such as discounted cash flow analysis, free cash flow yield analysis, and the comparative analysis of the stock’s relative or normalized earnings multiple to the market (depending on the sector).
  3. Market sentiment. “We try to identify how our thesis on a company is different than the market’s. Some of the factors that we analyze are insider transactions and valuation spreads across the industries.”

Patience is another key element of the overall strategy and, according to Flanagan, “probably the most important piece and maybe the hardest piece.” He added: “Underlying volatility in the market can cross up your rational decisions, which is why we need to be able to have patience with our process. That’s why we’re very fortunate to have a management team, board of directors, and shareholders who have the confidence in our process and our people to achieve that consistent long-term performance.”

Sell strategy

The Fund considers a number of factors in weighing when to sell or reduce a position:

  • When a company’s fundamental characteristics deviate from their thesis,
  • When the stock price exceeds the underlying value that they have set for the company,
  • When they need to control risk by selling or reducing positions to rebalance the portfolio,
  • When they find a better opportunity elsewhere. “That’s probably the least likely scenario,” said Flanagan, “but it happens.”

Risks of the mid-cap market

As with most investments, mid-cap stocks carry significant risks, such as macro risks, company risks, and competitive risks, according to Flanagan. “However, we typically see the most opportunity when valuation spreads are wide, investors are bearish, and the risks seem high. With a solid process, smart people and patience, those environments can offer significant opportunity to create long-term wealth.”

Active management can help in controlling risk, according to Flanagan. “Active management may have an advantage when stock correlations are low across the market and in an environment where more domestic assets are invested in passive index funds and ETFs. Currently, over 50% of domestic assets are invested in passive funds versus approximately 25% a decade ago.”

Stocks that are not in an index may fly under the radar, providing opportunities for active managers to buy those stocks at a good value relative to the market. “As correlations come down, and passive investments go up, that provides more opportunity for active managers.”

Opportunities in the mid-cap market

Policies being advocated by the current U.S. administration and other administrations around the world, such as infrastructure, renewable energy and electric vehicles continue to gain prevalence. Flanagan believes that should help boost the cyclical industries, such as industrials and materials, which have a strong presence in the mid-cap universe.

As the economy and the markets evolve, Flanagan believes the key to continued success is adaptability. “Change is constant. Through my career, the economic and investing landscape has constantly changed. When I was managing a tech fund in the 1990s, I thought I would never see anything crazier than that, and then the financial crisis happened, and now we’re living through a pandemic.

“So, what I’ve learned is that we have to be prepared for everything. We have to be constantly studying and learning, improving our skills, and adapting our strategy when necessary in order to continue to provide consistent, long-term returns.”

See more on Thrivent Mid Cap Stock Fund


Past performance is not necessarily indicative of future results.

All information and representations herein are as of 03/11/2022, 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.

The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award. For more information, see lipperfundawards.com. Although Refinitiv Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Refinitiv Lipper.

Refinitiv Lipper Fund Awards, ©2022 Refinitiv. All rights reserved. Used under license.

Gene Walden
Senior Finance Editor


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2022 was the year of inflation and the Federal Reserve (Fed). The combination of the two – rising prices and a tightening monetary policy – contributed to a slowing economy, rapidly rising interest rates, and significant losses in the stock market. The war in Ukraine also contributed to global economic adversity, particularly in Europe.

2022 was the year of inflation and the Federal Reserve (Fed). The combination of the two – rising prices and a tightening monetary policy – contributed to a slowing economy, rapidly rising interest rates, and significant losses in the stock market. The war in Ukraine also contributed to global economic adversity, particularly in Europe.

01/10/2023