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.

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.

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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Pending shareholder approval, Thrivent Low Volatility Equity Fund will merge into Thrivent Global Stock Fund on July 19, 2024. It closed to new shareholder accounts at the close of business May 3, 2024. See prospectus for more information. See prospectus for more information.

Thrivent Low Volatility Equity Fund —
Class S
TLVOX
TLVOX
Thrivent Low Volatility Equity Fund
Class
Risk profile
The risk profile for this fund is Moderate
Target allocation
60% US
40% Non-US
Inception date
2/28/2017
As of
Net asset value
-
Daily NAV change
-
As of N/A
YTD return
4.65%
1-year return
11.85%
As of 05/31/2024
Net annual fund operating expenses
0.95%
As of
Sales charge
None
As of

Thrivent Low Volatility Equity Fund seeks long-term capital appreciation with lower volatility relative to the global equity markets.

This Fund seeks to provide investors with returns similar to the global equity markets with lower volatility over a full market cycle. The Fund is globally diversified with an approximate allocation range of 50-75% U.S. and 25-50% non-U.S. stocks and may invest in securities of any market capitalization. The Fund employs investment management techniques to identify securities that exhibit low volatility returns. Therefore, it is expected that the Fund will generally underperform the global equity markets during periods of strong market performance.

The Fund may be suitable for investors who:

  • Seek long-term growth with less volatility
  • Have a long-term investment time horizon and a moderate risk tolerance
  • Are comfortable with experiencing underperformance during certain parts of the market cycle in exchange for potentially lower volatility over a full market cycle
Fund management

Our seasoned team of more than 140 investment professionals brings their deep expertise to managing each fund so you can feel confident in the choices you’re making. More than 80% have at least 10 years of experience, more than 50% have more than 20 years of investment experience, and more than 80% have earned the Chartered Financial Analyst designation, an advanced degree, or both.

  • Noah J. Monsen, CFA
    Noah J. Monsen, CFA
    Senior Portfolio Manager
    Managing this fund since 2017

    Mr. Monsen has been with Thrivent since 2000 and has served in an investment management capacity since 2008. Read more.

  • Brian W. Bomgren, CQF
    Brian W. Bomgren, CQF
    Senior Portfolio Manager
    Managing this fund since 2018

    Mr. Bomgren joined Thrivent in 2006 and is a senior portfolio manager. Read more.

  • Jing Wang, CFA
    Jing Wang, CFA
    Senior Portfolio Manager
    Managing this fund since 2023

    Mr. Wang joined Thrivent in 2019 and is a senior portfolio manager. Read more.


Performance

All data represents past performance. Past performance does not guarantee future results. 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.


Average Annualized Returns

as of 05/31/2024
0.95% Net annual fund operating expenses
1.42% Total annual fund operating expenses
Thrivent Low Volatility Equity Fund MSCI World Minimum Volatility Index - USD Net Returns Morningstar Global Large-Stock Blend Avg
3M 1.16% 1.02% 3.71%
YTD 4.65% 4.17% 7.69%
1Y 11.85% 11.18% 20.32%
3Y 3.69% 2.84% 4.17%
5Y 6.37% 5.68% 10.37%
Since Inception 2/28/2017 6.81% - -

The Adviser has contractually agreed, for a period of one year from the date of the most recent prospectus, to waive certain fees and/or reimburse certain expenses associated with the Fund. Refer to the Fees & Expenses table in the Fund’s prospectus. If this waiver had not been in effect, performance would have been lower.

See data by:

Growth of 10K

as of 05/31/2024
$16,130
Total market value
$3,080
Current value of reinvested dividends and capital gains

Calendar year performance

as of 05/31/2024

Characteristics

All data represents past performance. Past performance does not guarantee future results. 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.


Holdings breakdown

as of 05/31/2024
Total number of holdings
153
Turnover ratio (as of 04/30/2024)
86%

Top 10 Holdings

as of 04/30/2024
20.33%
of all holdings
N/A
N/A
Security name % of total assets
Motorola Solutions, Inc. 2.50%
Verizon Communications, Inc. 2.34%
Cisco Systems, Inc. 2.25%
Colgate-Palmolive Company 2.07%
McDonald's Corporation 2.06%
Waste Management, Inc. 2.00%
Marsh & McLennan Companies, Inc. 1.91%
Merck & Company, Inc. 1.77%
Cboe Global Markets, Inc. 1.74%
Vertex Pharmaceuticals, Inc. 1.69%

Fund Diversification

as of 03/28/2024
N/A
N/A
  • Health Care
    17.02%
  • Information Technology
    16.04%
  • Financials
    13.64%
  • Consumer Staples
    13.59%
  • Industrials
    10.72%
  • Communication Services
    9.95%
  • Consumer Discretionary
    6.57%
  • Utilities
    5.92%
  • Energy
    2.53%
  • Cash
    1.94%
  • Materials
    1.93%
  • Real Estate
    .16%

Equity characteristics

as of 05/31/2024
P/E Ratio Return on Equity
Thrivent Low Volatility Equity Fund 20.97 16.72%
S&P 500® Index 26.09 29.42%

Global Characteristics

as of 05/31/2024
World Economic Classification
Developed International 32.55%
United States 67.45%
Top Five Countries (91.93% of fund)
United States 67.45%
Japan 10.07%
Switzerland 6.87%
Canada 4.79%
Netherlands 2.75%


Ratings

Morningstar

as of 05/31/2024
Category: Global Large-Stock Blend
Morningstar Information
Funds in category
Overall
2 out of five stars
330
funds in category
3-Year
3 out of five stars
330
funds in category
5-Year
2 out of five stars
294
funds in category
10-Year
Doesn't apply due to fund's inception date of 2/28/2017
Risk vs. category
Low
330
funds in category
Return vs. category
Below Average
330
funds in category

Morningstar ratings are calculated based on risk-adjusted return.

Equity Style Map
Large
Mid
Small
Value
Blend
Growth
Weighted average of holdings
75% of fund's stock holdings

Distributions

as of 05/31/2024
Dividends Month End Nav
June 2023 $0.0000 $12.63
July 2023 $0.0000 $12.74
August 2023 $0.0000 $12.55
September 2023 $0.0000 $12.19
October 2023 $0.0000 $12.05
November 2023 $0.0000 $12.67
December 2023 $0.3513 $12.47
January 2024 $0.0000 $12.71
February 2024 $0.0000 $12.90
March 2024 $0.0000 $13.17
April 2024 $0.0000 $12.70
May 2024 $0.0000 $13.05

Trailing 12-Months; Dividend Schedule: Paid Annually


Capital gains - trailing 12 months

as of 05/31/2024
Record date Short term capital gains Long term capital gains Total
12/13/2023 - $0.2048 $0.2048

Expenses, fees, and charges

Management Fees and Other Expenses 1.42%
Distribution/12b-1 Fee None
Total Annual Fund Operating Expenses 1.42%
Less Waiver (0.47%)
Net Annual Fund Operating Expenses 0.95%
Redemption Fee None
Transaction Fee None
Low Balance Fee $10 semiannually
Front-End Sales Charge None
Back-End Sales Charge None

The Adviser has contractually agreed, for a period of one year from the date of the most recent prospectus, to waive certain fees and/or reimburse certain expenses associated with the Fund. Refer to the Fees & Expenses table in the Fund’s prospectus. If this waiver had not been in effect, performance would have been lower.


Minimum investment

Initial for non-retirement accounts $2,000
Initial for retirement or tax deferred accounts $1,000
Additional Purchases $50
Initial minimums are waived when a recurring investment of $50 or more is set up

Documents

Title Download View
Prospectus & Fund Documents -
Fund Facts -
Fund Commentary -
Schedule of Investments -
Annual Proxy Voting -

Due to rounding, some values may not total 100%.

Strategy

The portfolio management team uses active quantitative management techniques to forecast investment returns and to identify relationships between securities. The process uses factor models and also strives to identify groups of stocks that are less correlated to each other. The team constructs a risk-optimized portfolio with a focus on low-volatility securities. The portfolio is expected to be well-diversified with global securities. As a part of the risk management process, sector, country, and individual security weights will be constrained.

Risk

The Fund may experience volatility due to investments in equity securities. The Fund’s value is influenced by a number of factors, including the performance of the broader market, and risks specific to the Fund’s asset classes, investment styles, and issuers. The use of quantitative investing techniques and derivatives such as futures also involves risks. Foreign investments involve additional risks, such as currency fluctuations and political, economic and market instability. The Adviser’s assessment of investments may prove incorrect, resulting in losses or poor performance. These and other risks are described in the prospectus.

Individual Investors


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