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Pending shareholder approval, Thrivent Low Volatility Equity Fund will merge into Thrivent Global Stock Fund on July 19, 2024. It will be closed to new shareholder accounts at the close of business May 3, 2024. See prospectus for more information.

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
-
Daily NAV change
-
As of N/A
YTD return
3.45%
1-year return
13.16%
As of 02/29/2024
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 140 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, more than 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.

  • Jing Wang, CFA
    Jing Wang, CFA
    Senior Portfolio Manager
    Managing this fund since 2023

    Mr. Wang joined Thrivent in 2019 and is a senior portfolio manager. Read more.


Performance

All data represents past performance. Past performance does not guarantee 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 02/29/2024
0.95% Net annual fund operating expenses
1.42% Total annual fund operating expenses
Thrivent Low Volatility Equity Fund MSCI World Minimum Volatility Index - USD Net Returns Morningstar Global Large-Stock Blend Avg
3M 6.38% 5.84% 8.97%
YTD 3.45% 3.12% 3.75%
1Y 13.16% 12.79% 18.38%
3Y 6.84% 5.78% 6.08%
5Y 6.35% 5.90% 9.26%
Since Inception 2/28/2017 6.89% - -

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 02/29/2024
$15,944
Total market value
$3,044
Current value of reinvested dividends and capital gains

Calendar year performance

as of 02/29/2024

Characteristics

All data represents past performance. Past performance does not guarantee 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 02/29/2024
Total number of holdings
156
Turnover ratio (as of 01/31/2024)
85%

Top 10 Holdings

as of 01/31/2024
19.41%
of all holdings
N/A
N/A
Security name % of total assets
Cisco Systems, Inc. 2.49%
Verizon Communications, Inc. 2.33%
Johnson & Johnson 2.21%
Merck & Company, Inc. 2.03%
Colgate-Palmolive Company 1.85%
Gilead Sciences, Inc. 1.83%
Cboe Global Markets, Inc. 1.81%
Canon, Inc. 1.69%
Novartis AG 1.62%
Microsoft Corporation 1.55%

Fund Diversification

as of 12/29/2023
N/A
N/A
  • Health Care
    18.11%
  • Information Technology
    15.37%
  • Consumer Staples
    12.42%
  • Financials
    11.25%
  • Communication Services
    10.75%
  • Industrials
    10.39%
  • Utilities
    7.21%
  • Consumer Discretionary
    5.35%
  • Cash
    5.13%
  • Energy
    2.55%
  • Materials
    1.06%
  • Real Estate
    .42%

Equity characteristics

as of 02/29/2024
P/E Ratio Return on Equity
Thrivent Low Volatility Equity Fund 19.75 17.86%
S&P 500® Index 25.29 28.31%

Beta

as of 02/29/2024
TLVOX
0.68
R2=46%
Lower than benchmark
S&P 500 1.0
Higher than benchmark

Volatility

as of 02/29/2024
Depending on the fund inception date, some data may not be available.
Standard deviation Average annualized returns
Thrivent Low Volatility Equity Fund 13.19 6.84
S&P 500® Index 17.66 11.91

Global Characteristics

as of 02/29/2024
World Economic Classification
Developed International 32.88%
United States 67.12%
Top Five Countries (89.77% of fund)
United States 67.12%
Japan 10.96%
Canada 4.64%
Switzerland 4.29%
Netherlands 2.76%

Ratings


Morningstar

as of 02/29/2024
Category: Global Large-Stock Blend
Morningstar Information
Funds in category
Overall
338
3-Year
338
5-Year
300
10-Year
Doesn't apply due to fund's inception date of 2/28/2017
Risk vs. category
Low
338
Return vs. category
Below Average
338

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 02/29/2024
Dividends Month End Nav
March 2023 $0.0000 $12.40
April 2023 $0.0000 $12.71
May 2023 $0.0000 $12.19
June 2023 $0.0000 $12.63
July 2023 $0.0000 $12.74
August 2023 $0.0000 $12.55
September 2023 $0.0000 $12.19
October 2023 $0.0000 $12.05
November 2023 $0.0000 $12.67
December 2023 $0.3513 $12.47
January 2024 $0.0000 $12.71
February 2024 $0.0000 $12.90

Trailing 12-Months; Dividend Schedule: Paid Annually


Capital gains - trailing 12 months

as of 02/29/2024
Record date Short term capital gains Long term capital gains Total
12/13/2023 - $0.2048 $0.2048

Expenses, fees, and charges

Management Fees and Other Expenses 1.42%
Distribution/12b-1 Fee None
Total Annual Fund Operating Expenses 1.42%
Less Waiver (0.47%)
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. The use of quantitative investing techniques and derivatives such as futures also involves risks. Foreign investments involve additional risks, such as currency fluctuations and political, economic and market instability. The Adviser’s assessment of investments may prove incorrect, resulting in losses or poor performance. These and other risks are described in the prospectus.

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