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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Michael Kremenak
Head of Thrivent Mutual Funds
Stephen Lowe, CFA
Chief Investment Strategist
Emir Beganovic, CFA
Investment Product Manager

Thrivent Asset Management's approach to ESG investing

05/25/2021
By Michael Kremenak, Senior Vice President, Stephen Lowe, CFA, Chief Investment Strategist, and Emir Beganovic, CFA, Investment Product Manager | 05/25/2021

Thrivent Asset Management (TAM) has established an approach and structure to bring ESG (Environmental, Social, Governance) into our investment process:

  • Thrivent Asset Management, LLC (TAM), the investment management arm of Thrivent and adviser to the Thrivent Mutual Funds, seeks to integrate environmental, social, and governance (ESG) analysis as part of a rigorous investment research and risk management process and may consider these factors in our investment decision-making.
  • TAM began providing additional ESG data to its portfolio managers and investment teams for their consideration and potential use in mid-2020.
  • TAM does not currently manage ESG-focused open-end mutual fund products and does not apply inclusionary or exclusionary screens of securities based solely on ESG factors in managing these funds.
  • Impact investing is available through the Thrivent Church Loan and Income Fund (XCLIX), socially responsible investing through Thrivent Faith-based Managed Portfolios, and ESG optimized investing through Thrivent ESG Index Portfolio for variable life and annuity products, all of which are Thrivent-affiliated products.

TAM has developed an overall philosophy and set of guiding principles, as well as a measured approach for implementing ESG analysis into our research and portfolio management process. We have also refined our organizational oversight and review process.

Broadly speaking, ESG analysis is the act of evaluating the investment merits of a company by focusing on its impact (positive or negative) on the environment and society, along with a deep dive into its governance practices, and can help identify emerging risks and potential opportunities facing a particular company. For more information on ESG in general, please read “The growing importance of ESG investment management.”

The following is TAM’s approach to incorporating ESG analysis as part of our process that seeks to deliver risk-adjusted investment returns that help clients achieve their goals:

ESG philosophy statement

TAM believes that ESG analysis can be a valuable input to rigorous investment research and risk management. When constructing portfolios, we recognize that issuers who promote high standards for sustainability, governance and social engagement may deliver favorable long-term investment returns. For example, studies have shown that companies that prioritize ESG projects that are material to their business may create more value than those companies that do not.i

ESG analysis is being integrated into our investment process. This integration will be an ongoing, evolutionary process, as data and analytics in this area continue to improve.  We have made a firm-wide commitment to reviewing ESG factors, with the extent of implementation in various asset classes and sectors determined specifically by each investment team.

Taking an integrated approach, TAM’s ESG conclusions by themselves do not prescribe either inclusion or exclusion of securities from portfolios. We review portfolio exposure based on ESG metrics provided by third parties in order to monitor the portfolios’ overall ESG profile.

Process

Integrating ESG into existing fundamental and quantitative research disciplines may provide additional insights into financial and non-financial factors which can influence the long-term performance, risk, and suitability of specific investments and complement the research process. As such, it augments broader research efforts, rather than exercising priority over them, in an effort to improve overall investment conclusions. We incorporate ESG research using a non-exclusionary, industry-neutral framework.

Where we employ ESG analysis, we do so with the objective of informing both our bottom-up company and industry analysis, and our top-down risk management. On a bottom-up security-specific basis, ESG analysis complements our rigorous evaluation of drivers of risk and return. In instances where ESG-related issues present broader macro or systemic risk factors, ESG criteria provide an additional lever to help us manage the potential for external risk shocks. This allows us to focus on the bottom-up, research-driven strategies which represent our core source of performance advantage.

TAM evaluates companies using a range of research including reports, metrics, ratings, and scores. We acquire fundamental and quantitative information from third party providers, including providers of in-depth ESG data. The ESG criteria and data considered are tailored by industry for relevance and materiality. The ESG data pulled into our investment management systems includes ratings, momentum, controversy, and carbon data, with the ability to pull in even more. ESG research reports from third party providers evaluate issues considered material to a company and show how the company is managing those issues relative to industry peers.

On a macro basis, we seek to analyze external risks driven by poor ESG quality. This process seeks to constrain potential exposures which might otherwise arise from valuation frameworks while establishing procedures for additional review or exposure management.

Some important caveats

Given that much of ESG data is non-financial in nature, there may be issues with consistency, reliability, and standardization of relevant metrics. This can make evaluation and judgement difficult. Some information can be rather subjective or qualitative.

This is particularly true with social and governance metrics. Information can also be backward-looking or prone to corporate spin as company management works to build a favorable investment narrative.  Also, there is a common criticism of the large ESG ratings firms due to low correlation of ESG “scores” among the ratings firms.

This highlights the issue of subjectivity or even bias in the analysis. However, there are efforts to address these issues. Some organizations are attempting to improve the integrity of ESG information through explicit standard setting and government requirements for accuracy and transparency in certain areas of information disclosure.

Additionally, there is a possibility that ESG objectives reflected in ESG data and information could conflict with investment objectives.  All these caveats highlight the importance of doing extensive, primary investment research and not simply relying on outside evaluators when assessing ESG risk.

Oversight & review structure

TAM maintains an ESG and Proxy Voting Committee, chaired by the Head of Thrivent Mutual Funds. The committee also includes the Chief Investment Strategist, Head of Fundamental Equities, and Director of Equity Research Program Administration, and is supported by a coordinator responsible for ESG information and reporting.  This group meets at least quarterly to review portfolio metrics, research coverage, relevant updates regarding high profile ESG situations and areas of concern, as well as general ESG developments and topics.

As part of our ESG oversight process, we monitor, review, and evaluate controversial issuers, activities and developments. The committee seeks to understand potential controversies more clearly and ensure that the potential risks are thoroughly considered. TAM monitors portfolios based on a range of ESG metrics, including portfolio absolute and relative positioning by factor, rating, and scoring.

An example of a factor is greenhouse gas emissions, while a rating is a single measure of ESG risk exposure analyzing a variety of data points using a methodology developed by a third party. Scoring includes the evaluation of factors material to a business, such as a severe controversy as measured by a third-party service. This information is provided to each investment team. We also monitor changes in ESG conditions among issuers, as well as important news and industry trends to prompt special review by research, investment teams or the ESG and Proxy Voting Committee.

Conclusion

ESG analysis is an important dimension to investment analysis. It can help identify emerging risks, as well as potential opportunities, as individuals, corporations and governments respond to new and dynamic challenges.

TAM’s ESG approach will evolve as data and analytics improve, and as evidence continues to support the efficacy of incorporating this information into managing portfolios that generate risk adjusted returns that help clients achieve their long-term goals.

For more information on ESG in general, see “The growing importance of ESG investment management.”


i Yoon, Aaron, George Serafeim, and Mozaffar Khan. 2016. Corporate Sustainability: First Evidence on Materiality. The Accounting Review. 91(6): 1697-1724  

All information and representations herein are as of 05/25/2021, 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.


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