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.

 

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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.

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Thrivent Moderately Conservative Allocation Fund —
Class S
collapse row
TCAIX
Thrivent Moderately Conservative Allocation Fund
Class
Risk profile
Conservative Aggressive
Target allocation
43% Equity
57% Fixed Income
Inception date
6/30/2005
As of
Net asset value
N/A
Daily NAV change
$N/A
As of N/A
YTD return
-10.45%
1-year return
-6.97%
As of 05/31/2022
Net annual fund operating expenses
0.77%
As of
Sales charge
None
As of
Thrivent Moderately Conservative Allocation Fund
Class
S
A

Thrivent Moderately Conservative Allocation Fund seeks long-term capital growth while providing reasonable stability of principal.

This fund is the most conservative option in Thrivent's suite of Asset Allocation Funds. The Fund is globally diversified across all major equity and fixed income sectors and styles. The Fund is actively managed and invests in a combination of other funds managed by the Adviser and direct investments in equity and debt instruments.

The Fund may be suitable for investors who:

  • Seek long-term growth and reasonable stability of principal
  • 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.

  • David S. Royal
    David S. Royal
    Chief Investment Officer
    Managing this fund since 2018

    Mr. Royal joined Thrivent in 2006. He is the President and Chief Investment Officer of Thrivent Mutual Funds. Read more.

  • Stephen D. Lowe, CFA
    Stephen D. Lowe, CFA
    Chief Investment Strategist
    Managing this fund since 2016

    Mr. Lowe joined Thrivent in 1997. He is the Chief Investment Strategist and has served as the portfolio manager of various Thrivent mutual funds since 2009. He has also been a senior portfolio manager of the high yield portion of Thrivent's general account since 2005. Read more.

  • David Spangler, CFA
    David Spangler, CFA
    Head of Mixed Assets and Market Strategies
    Managing this fund since 2019

    Mr. Spangler joined Thrivent in 2002 serving as Director of Thrivent’s Investment Product Management group. 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 05/31/2022
0.77% Net annual fund operating expenses
0.91% Total annual fund operating expenses

The Adviser has contractually agreed, for as long as the current fee structure is in place, to waive certain investment advisory fees associated with the Fund. If not waived, returns would have been lower. Refer to the Fees & Expenses table in the prospectus.

See data by:

Growth of 10K

as of 05/31/2022
$16,843
Total market value
$5,646
Current value of reinvested dividends and capital gains

Calendar year performance

as of 05/31/2022

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 05/31/2022
Total number of holdings
1985
Turnover ratio (as of 04/29/2022)
159%
86.04%
U.S.
13.96%
Non-U.S.

Top 10 Holdings

as of 04/29/2022
35.76%
of all holdings
N/A
N/A
Security name % of total assets Maturity Coupon rate
Thrivent Large Cap Value Fund, Class S 7.70%
Thrivent Income Fund, Class S 6.06%
Thrivent Large Cap Growth Fund, Class S 4.26%
Thrivent International Allocation Fund, Class S 3.47%
Thrivent Limited Maturity Bond Fund, Class S 3.30%
Thrivent Core Emerging Markets Debt Fund 2.84%
Thrivent Mid Cap Stock Fund, Class S 2.14%
Federal National Mortgage Association Conventional 30-Yr. Pass Through 2.05% 05/01/2052 2.50%
Thrivent High Yield Fund, Class S 1.98%
Thrivent Core Low Volatility Equity Fund 1.96%

Fund Diversification

as of 03/31/2022
N/A
N/A
  • Large Cap Equity
    20.71%
  • Mid Cap Equity
    6.80%
  • Small Cap Equity
    6.65%
  • International Equity
    7.52%
  • High Yield Bonds
    6.60%
  • Leveraged Loans
    2.27%
  • Investment-Grade Corporates
    11.50%
  • Securitized Debt
    14.66%
  • U.S. Government Bonds
    12.14%
  • International Government Bonds
    2.38%
  • Flexible Income
    .74%
  • Cash
    8.01%

Equity characteristics

as of 05/31/2022
40.41%
of all holdings
P/E Ratio Return on Equity
Thrivent Moderately Conservative Allocation Fund 17.22 17.21%
S&P 500® Index 20.14 27.24%

Fixed Income characteristics

as of 05/31/2022
59.59%
of fund
Duration Average Life
Thrivent Moderately Conservative Allocation Fund 5.81 7.78
Bloomberg U.S. Aggregate Bond Index 6.41 8.68

Credit quality rating distribution

as of 05/31/2022
N/A
N/A
Bond type
% of total
  • High Quality (HQ) Bonds
    72.41%
  • Cash
    1.28%
  • U.S. Government Guaranteed
    39.89%
  • AAA
    2.22%
  • AA
    2.76%
  • A
    6.99%
  • BBB
    19.27%
Bond type
% of total
  • High Yield (HY) Bonds
    19.33%
  • BB
    9.29%
  • B
    8.64%
  • CCC
    1.21%
  • CC
    .03%
  • C
    .14%
  • D
    .02%
  • Non-Rated (NR) Bonds
    7.46%
  • May be HQ/HY/NR Bonds
    .78%
  • ETFs/Closed-End Funds
    .78%

Ratings

Morningstar

as of 05/31/2022
Category: Allocation--30% to 50% Equity
Morningstar Information
Funds in category
Overall
427
3-Year
427
5-Year
392
10-Year
281
Risk vs. category
Below Average
427
Return vs. category
Average
427

Morningstar ratings are calculated based on risk-adjusted return.

Fixed income style box
Hi
Med
Low
QUALITY
Limited
Moderate
Extensive
SENSITIVITY
Equity Style Map
Large
Mid
Small
Value
Blend
Growth
Weighted average of holdings
75% of fund's stock holdings

Distributions

as of 05/31/2022
Dividends Month End Nav
June 2021 $0.0402 $13.70
July 2021 $0.0000 $13.86
August 2021 $0.0000 $13.99
September 2021 $0.0402 $13.68
October 2021 $0.0000 $13.97
November 2021 $0.0000 $13.82
December 2021 $0.1191 $13.62
January 2022 $0.0000 $13.14
February 2022 $0.0000 $12.93
March 2022 $0.0387 $12.85
April 2022 $0.0000 $12.15
May 2022 $0.0000 $12.16

Trailing 12-Months; Dividend Schedule: Paid Quarterly


Capital gains - trailing 12 months

as of 05/31/2022
Record date Short term capital gains Long term capital gains Total
12/08/2021 $0.0603 $0.2442 $0.3044

Expenses, fees, and charges

Management Fees and Other Expenses 0.91%
Distribution/12b-1 Fee None
Total Annual Fund Operating Expenses 0.91%
Less Waiver (0.14%)
Net Annual Fund Operating Expenses 0.77%
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 as long as the current fee structure is in place, to waive certain investment advisory fees associated with the Fund. If not waived, returns would have been lower. Refer to the Fees & Expenses table in the prospectus.


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 Fund has a long-term target allocation of 43% equity securities and 57% fixed income. The Fund’s asset allocation strategy starts with the construction of a model that sets the long-term target allocations for the broad asset classes of equity and fixed income. Next, the target weightings for sub-classes are determined. Equity sub-classes are often based on market capitalization (large, mid, and small), investment style (such as growth and value), economic sector and world region. The Fund may invest in emerging markets. Fixed income sub-classes may be based on maturity, duration, credit quality rating and security type. The portfolio management team actively manages the Fund with overweight and underweight positions in the various sub-classes based on their views of the market and economy. Individual stocks and bonds are analyzed and selected on an ongoing basis. The Fund is regularly rebalanced to ensure that the holdings are within appropriate ranges.

Risk

The Fund’s value 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 Fund’s asset classes, market cap groups, investment styles, and issuers. 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. Markets may also be impacted by domestic or global events, including public health threats, terrorism, natural disasters or similar events. The Adviser is also subject to actual or potential conflicts of interest. The London Interbank Offered Rate (LIBOR) is being phased out, which brings uncertainty to instruments tied to it. 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. High yield securities are subject to increased credit risk as well as liquidity risk. The Fund invests in a combination of other funds managed by the Adviser and in direct investments in equity and debt instruments therefore the Fund is dependent upon the performance of the other funds and is 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 Adviser's assessment of investments and ESG considerations may prove incorrect, resulting in losses or poor performance. The use of quantitative investing techniques and derivatives such as futures also involve risks. Leverage loans are subject to additional risks. When interest rates fall, certain obligations will be paid off more quickly and proceeds may have to be invested in securities with lower yields. 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.