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Thrivent Low Volatility Equity Fund —
Class S
TLVOX
TLVOX
Thrivent Low Volatility Equity Fund
Class
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
-9.66%
1-year return
-4.56%
As of 07/29/2022
Net annual fund operating expenses
0.95%
As of
Sales charge
None
As of
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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 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.

  • 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 07/29/2022
0.95% Net annual fund operating expenses
1.43% 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:

Growth of 10K

as of 07/29/2022
$14,441
Total market value
$1,911
Current value of reinvested dividends and capital gains

Calendar year performance

as of 07/29/2022

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 07/29/2022
Total number of holdings
182
Turnover ratio (as of 06/30/2022)
75%

Top 10 Holdings

as of 06/30/2022
19.77%
of all holdings
N/A
N/A
Security name % of total assets
Consolidated Edison, Inc. 3.10%
Johnson & Johnson 2.36%
Verizon Communications, Inc. 2.18%
Colgate-Palmolive Company 2.00%
Nintendo Company, Ltd. 1.91%
Procter & Gamble Company 1.68%
McDonald's Corporation 1.65%
Accenture plc 1.65%
Vertex Pharmaceuticals, Inc. 1.63%
NiSource, Inc. 1.61%

Fund Diversification

as of 06/30/2022
N/A
N/A
  • Health Care
    19.95%
  • Consumer Staples
    14.38%
  • Information Technology
    13.44%
  • Communication Services
    13.12%
  • Utilities
    8.01%
  • Industrials
    7.45%
  • Financials
    6.68%
  • Consumer Discretionary
    5.86%
  • Cash
    3.48%
  • Materials
    3.46%
  • Energy
    2.21%
  • Real Estate
    1.97%

Equity characteristics

as of 07/29/2022
P/E Ratio Return on Equity
Thrivent Low Volatility Equity Fund 18.88 22.92%
S&P 500® Index 20.16 27.35%

Beta

as of 07/29/2022
TLVOX
0.69
R2=88%
Lower than benchmark
S&P 500 1.0
Higher than benchmark

Volatility

as of 07/29/2022
Depending on the fund inception date, some data may not be available.
Standard deviation Average annualized returns
Thrivent Low Volatility Equity Fund 14.12 5.44
S&P 500® Index 19.23 13.36

Global Characteristics

as of 07/29/2022
World Economic Classification
Developed International 33.54%
United States 66.46%
Top Five Countries (90.22% of fund)
United States 66.46%
Japan 11.67%
Switzerland 5.49%
Canada 4.80%
Denmark 1.80%

Ratings


Morningstar

as of 07/31/2022
Category: Global Large-Stock Blend
Morningstar Information
Funds in category
Overall
303
3-Year
303
5-Year
270
10-Year
Doesn't apply due to fund's inception date of 2/28/2017
Risk vs. category
Low
303
Return vs. category
Average
303

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 07/29/2022
Dividends Month End Nav
August 2021 $0.0000 $14.19
September 2021 $0.0000 $13.60
October 2021 $0.0000 $14.16
November 2021 $0.0000 $13.92
December 2021 $0.1466 $13.87
January 2022 $0.0000 $13.19
February 2022 $0.0000 $12.90
March 2022 $0.0000 $13.33
April 2022 $0.0000 $12.74
May 2022 $0.0000 $12.62
June 2022 $0.0000 $11.99
July 2022 $0.0000 $12.53

Trailing 12-Months; Dividend Schedule: Paid Annually


Capital gains - trailing 12 months

as of 07/29/2022
Record date Short term capital gains Long term capital gains Total
12/08/2021 - $0.6603 $0.6603

Expenses, fees, and charges

Management Fees and Other Expenses 1.43%
Distribution/12b-1 Fee None
Total Annual Fund Operating Expenses 1.43%
Less Waiver (0.48%)
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 -

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. 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. The Adviser's assessment of investments and ESG considerations may prove incorrect, resulting in losses or poor performance. These and other risks are described in the prospectus.