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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Thrivent Government Bond Fund —
Class S
TBFIX
Thrivent Government Bond Fund
Class
Morningstar Rating
Intermediate Government
Overall among 227 funds as of
04/30/2022
Morningstar ratings are calculated based on risk-adjusted return.
Risk profile
Conservative Aggressive

Morningstar Fixed Income Style Box

Interest Rate Sensitivity:
Limited
Credit Quality:
High
 
Inception date
2/26/2010
As of
Net asset value
N/A
Daily NAV change
$N/A
As of N/A
YTD return
-6.77%
1-year return
-6.39%
As of 04/29/2022
Net annual fund operating expenses
0.55%
As of
Sales charge
None
As of

Thrivent Government Bond Fund seeks total return, consistent with preservation of capital.

This fund invests primarily in U.S. government bonds, which may include debt instruments issued or guaranteed by the U.S. government and its agencies or instrumentalities. This includes U.S. Treasuries, Treasury Inflation Protected Securities (TIPS), U.S. Government Agency debt, and mortgage-backed securities that are issued or guaranteed by the Government National Mortgage Association (GNMA), the Federal National Mortgage Association (FNMA) or the Federal Home Loan Mortgage Corporation (FHLMC). The Fund may hold securities of any maturity, but under normal market conditions, the Fund’s duration will be targeted to approximately five years. Government bonds have a low correlation to equities and may outperform stocks and corporate bonds when the market is declining and investors tend to become more risk averse. As a result, an allocation to government bonds may help diversify an investor’s overall portfolio. The Fund may also utilize derivatives for investment exposure or hedging purposes.

The Fund may be suitable for investors who:

  • Seek income and total return, consistent with preservation of capital
  • Have a medium to long-term investment time horizon and a moderately conservative risk tolerance
  • Are willing to accept lower long-term returns in order to have a low to moderate level of risk and volatility
Fund management

Our seasoned team of more than 130 investment professionals brings their deep expertise to managing each fund so you can feel confident in the choices you’re making. More than 75% have at least 10 years of experience, more than 45% have more than 20 years of investment experience, and more than 80% have earned the Chartered Financial Analyst designation, an advanced degree, or both.

  • Michael G. Landreville, CFA and CPA (inactive)
    Michael G. Landreville, CFA and CPA (inactive)
    Senior Portfolio Manager
    Managing this fund since 2010

    Mr. Landreville joined Thrivent in 1983. He has served as a portfolio manager since 1998. Read more.

  • Gregory R. Anderson, CFA
    Gregory R. Anderson, CFA
    Senior Portfolio Manager
    Managing this fund since 2017

    Mr. Anderson joined Thrivent in 1997. He has served as a portfolio manager since 2000. Read more.


Performance

Performance data cited represents past performance and should not be viewed as an indication of 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 04/29/2022
0.55% Net annual fund operating expenses
0.65% Total annual fund operating expenses

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:

Yields

as of 04/29/2022
12 Month Distribution
1.42%
30 Day SEC
2.27%
30 Day SEC Pre-Waiver
2.00%
Monthly Distribution
2.23%

Growth of 10K

as of 04/29/2022
$11,250
Total market value
$2,466
Current value of reinvested dividends and capital gains

Calendar year performance

as of 04/29/2022

Characteristics

Performance data cited represents past performance and should not be viewed as an indication of 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 04/29/2022
Total number of holdings
100
Turnover ratio (as of 03/31/2022)
455%

Top 10 Holdings

as of 03/31/2022
41.14%
of all holdings
N/A
N/A
Security name % of total assets Maturity Coupon rate
Federal National Mortgage Association Conventional 30-Yr. Pass Through 6.59% 05/01/2052 3.00%
Federal National Mortgage Association Conventional 30-Yr. Pass Through 4.98% 05/01/2052 2.50%
U.S. Treasury Bonds 4.67% 02/15/2030 1.50%
Federal National Mortgage Association Conventional 30-Yr. Pass Through 4.46% 04/01/2052 2.00%
U.S. Treasury Notes 4.44% 02/28/2026 0.50%
U.S. Treasury Bonds 3.41% 02/15/2029 2.63%
Federal National Mortgage Association Conventional 30-Yr. Pass Through 3.31% 04/01/2052 2.50%
U.S. Treasury Notes 3.24% 07/31/2025 2.88%
Federal National Mortgage Association Conventional 30-Yr. Pass Through 3.06% 05/01/2052 3.50%
U.S. Treasury Notes 2.98% 05/31/2028 1.25%

Fund Diversification

as of 03/31/2022
N/A
N/A
  • Securitized Debt
    52.85%
  • U.S. Government Bonds
    40.42%
  • Cash
    2.26%
  • Investment-Grade Corporates
    2.19%
  • International Government Debt
    2.09%
  • High Yield Bonds
    .19%


Fixed Income characteristics

as of 04/29/2022
Duration Average Life
Thrivent Government Bond Fund 4.71 7.80
Bloomberg U.S. Aggregate Bond Index 6.41 8.70

Credit quality rating distribution

as of 04/29/2022
N/A
N/A
Bond type
% of total
  • High Quality (HQ) Bonds
    92.56%
  • Cash
    2.42%
  • U.S. Government Guaranteed
    78.49%
  • AAA
    5.49%
  • AA
    5.60%
  • A
    .56%
  • BBB
    .00%
Bond type
% of total
  • High Yield (HY) Bonds
    .15%
  • BB
    .00%
  • B
    .15%
  • CCC
    .00%
  • CC
    .00%
  • C
    .00%
  • D
    .00%
  • Non-Rated (NR) Bonds
    7.29%
  • May be HQ/HY/NR Bonds
    .00%
  • ETFs/Closed-End Funds
    .00%

Ratings

Morningstar

as of 04/30/2022
Category: Intermediate Government
Morningstar Information
Check out our funds that received 4- or 5-Star Overall Morningstar RatingTM
Funds in category
Overall
227
3-Year
227
5-Year
212
10-Year
177
Risk vs. category
Above Average
227
Return vs. category
Above Average
227

Morningstar ratings are calculated based on risk-adjusted return.

Fixed income style box
Hi
Med
Low
QUALITY
Limited
Moderate
Extensive
SENSITIVITY

Distributions

as of 04/29/2022
Dividends Month End Nav
May 2021 $0.0095 $10.08
June 2021 $0.0113 $10.11
July 2021 $0.0100 $10.20
August 2021 $0.0112 $10.17
September 2021 $0.0087 $10.09
October 2021 $0.0089 $10.08
November 2021 $0.0093 $10.10
December 2021 $0.0126 $10.05
January 2022 $0.0110 $9.90
February 2022 $0.0103 $9.83
March 2022 $0.0129 $9.58
April 2022 $0.0166 $9.32

Trailing 12-Months; Dividend Schedule: Declared Daily, Paid Monthly


Capital gains - trailing 12 months

as of 04/29/2022
Record date Short term capital gains Long term capital gains Total
- - - -

Expenses, fees, and charges

Management Fees and Other Expenses 0.65%
Distribution/12b-1 Fee None
Total Annual Fund Operating Expenses 0.65%
Less Waiver (0.10%)
Net Annual Fund Operating Expenses 0.55%
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 fundamental, quantitative and technical investment research techniques to determine which debt obligations to buy and sell. The portfolio manager is responsible for portfolio construction and risk management, and uses duration and yield curve management strategies in an effort to increase total return potential and manage risk.

Risk

The Fund’s value is influenced by a number of factors impacting the overall market, in particular debt securities and the U.S. government. U.S. Government securities may not be fully guaranteed by the U.S Government and issues may not have the funds to meet their payment obligations. The value of U.S. government securities may be affected by changes in credit ratings, which may be negatively impacted by rising national debt. The value of mortgage-related and other asset-backed securities will be influenced by the factors affecting the housing market and the assets underlying such securities. 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. Inflation-linked debt securities, such as TIPS, are subject to the effects of changes in market interest rates caused by factors other than inflation (real interest rates). In unusual circumstances, the Fund could experience a loss when selling portfolio securities to meet redemption requests for a variety of reasons. The Fund may invest in sovereign debt securities issued by foreign governments, which are subject to additional risks, including the risk that the entity may delay or refuse to pay interest or principal. Markets may also be impacted by domestic or global events, including public health threats, terrorism, natural disasters or similar events. The London Interbank Offered Rate (LIBOR) is being phased out, which brings uncertainty to instruments tied to it. The Adviser's assessment of investments and ESG considerations may prove incorrect, resulting in losses or poor performance. The use of derivatives (such as futures) involves additional risks and transaction costs. When bond inventories are low in relation to the market size, there is the potential for decreased liquidity and increased price volatility. The Fund may engage in active and frequent trading of portfolio securities, which may result in higher transaction costs and higher taxes. These and other risks are described in the prospectus.