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Thrivent Low Volatility Equity Fund —
Class S
TLVOX
TLVOX
Thrivent Low Volatility Equity Fund
Class
S
Risk profile
Conservative Aggressive
Target allocation
60% US
40% Non-US
Inception date
2/28/2017
As of
Net asset value
N/A
Daily NAV change
$N/A
As of N/A
YTD return
7.17%
1-year return
19.49%
As of 05/28/2021
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 of 60% U.S. and 40% 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.

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 seeks lower volatility than the global equity markets, however it will experience some volatility. 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. Markets may also be impacted by domestic or global events, including public health threats, terrorism, natural disasters or similar events. The use of quantitative investing techniques and derivatives such as futures also involve risks. Foreign investments involve additional risks, such as currency fluctuations and political, economic and market instability, which may be magnified for investments in emerging markets. These and other risks are described in the prospectus. 

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 125 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, over 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.


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 05/28/2021
0.95% Net annual fund operating expenses
1.44% Total annual fund operating expenses
See data by:

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.


Growth of 10K

as of 05/28/2021
Data in this section is based on month-end
$14,467
Total market value
(assumes the reinvestment of all dividends and capital gains)
$1,167
Current value of reinvested dividends and capital gains

Calendar year performance

as of 05/28/2021

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 05/28/2021
Total number of holdings
235
Turnover ratio (as of 04/30/2021)
88.00%

Top 10 Holdings

as of 04/30/2021
15.91%
of all holdings
N/A
N/A
Security name % of total assets
Verizon Communications, Inc. 2.00%
SoftBank Corporation 1.80%
McDonald's Corporation 1.70%
Public Storage, Inc. 1.62%
Johnson & Johnson 1.61%
Regeneron Pharmaceuticals, Inc. 1.49%
Procter & Gamble Company 1.47%
PepsiCo, Inc. 1.42%
Tyler Technologies, Inc. 1.42%
Newmont Mining Corporation 1.38%

Fund Diversification

as of 03/31/2021
N/A
N/A
  • Health Care
    18.30%
  • Information Technology
    17.70%
  • Consumer Staples
    14.10%
  • Communication Services
    11.00%
  • Industrials
    10.70%
  • Financials
    7.00%
  • Utilities
    6.20%
  • Consumer Discretionary
    5.30%
  • Materials
    4.30%
  • Real Estate
    3.90%
  • Energy
    .80%
  • Cash
    .70%

Equity characteristics

as of 05/28/2021
P/E Ratio Return on Equity
Thrivent Low Volatility Equity Fund 22.90 22.00%
S&P 500® Index 26.34 22.88%

Global Characteristics

as of 05/28/2021
World Economic Classification
Developed International 37.4%
Emerging Markets 0.3%
Frontier Markets 0.0%
Other 0.0%
United States 62.3%
Top Five Countries (91.5% of fund)
United States 62.3%
Japan 13.8%
Switzerland 7.2%
Canada 6.1%
Denmark 2.1%

Volatility

as of 05/28/2021
Depending on the fund inception date, some data may not be available.
Standard deviation Average annualized returns
Thrivent Low Volatility Equity Fund 13.37 9.24
S&P 500® Index 18.52 18.00

Ratings


Morningstar

as of 05/28/2021
Category: World Large-Stock Blend
Morningstar Information
Funds in category
Overall
277
3-Year
277
5-Year
Doesn't apply due to fund's inception date of 2/28/2017
10-Year
Doesn't apply due to fund's inception date of 2/28/2017
Risk vs. category
Low
277
Return vs. category
Below Average
277
Equity Style Map
Large
Mid
Small
Value
Blend
Growth
Weighted average of holdings
75% of fund's stock holdings

Morningstar ratings are calculated based on risk-adjusted return.


Distributions

as of 05/28/2021
Dividends Month End Nav
June 2020 $0.0000 $11.35
July 2020 $0.0000 $11.75
August 2020 $0.0000 $12.14
September 2020 $0.0000 $12.01
October 2020 $0.0000 $11.58
November 2020 $0.0000 $12.28
December 2020 $0.1993 $12.41
January 2021 $0.0000 $12.18
February 2021 $0.0000 $12.02
March 2021 $0.0000 $12.62
April 2021 $0.0000 $13.04
May 2021 $0.0000 $13.30

Trailing 12-Months; Dividend Schedule: Paid Annually


Capital gains - trailing 12 months

as of 05/28/2021
Record date Short term capital gains Long term capital gains Total
- - - -

Expenses, fees, and charges

Management Fees and Other Expenses 1.44%
Distribution/12b-1 Fee None
Total Annual Fund Operating Expenses 1.44%
Less Waiver (0.49%)
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 Commentary -
Fund Facts -
Sales Profile -
Schedule of Investment -
Annual Proxy Voting -