C000003838 Fees and Costs — Thrivent Real Estate Securities Portfolio, Class A
Data updated: 2026-08-26
The net expense ratio is 0.90%: a 0.75% management fee plus 0.15% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $239K in broker commissions, 0.1703% of average net assets, and portfolio turnover was 107%.
C000003838 Fees and Expenses
Annual operating expenses and sales charges of C000003838. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | 0.15% |
| Gross expense ratio | 0.90% |
| Fee waiver | — |
| Net expense ratio | 0.90% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
C000003838 Costs Over Time
On $10,000 invested in C000003838, assuming 5% a year before costs, total costs come to $669 over 5 years, cutting the return by 1.12% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.90%) | $94 | $295 | $511 |
| Trading costs (broker commissions) | $18 | $56 | $97 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $112 | $368 | $669 |
| Value after costs | $10,388 | $11,209 | $12,094 |
| Impact on return, per year | 1.12% | 1.12% | 1.12% |
C000003838 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1703%
- Total broker commissions: $239K
- Bought from dealers (principal trades, not a cost): $3.5B
- Portfolio turnover (prospectus): 107%
- Securities lending: none during the year
C000003838 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS, LLC | $93K | 39.05% |
| BARCLAYS CAPITAL INC. | $74K | 30.93% |
| ROBERT W. BAIRD & CO. INCORPORATED | $26K | 10.83% |
| RAYMOND JAMES & ASSOCIATES, INC. | $11K | 4.58% |
| CITICORP SECURITIES INC | $10K | 4.37% |
| MORGAN STANLEY & CO. LLC | $8K | 3.43% |
| BOFA SECURITIES, INC. | $6K | 2.42% |
| JEFFERIES LLC | $6K | 2.39% |
| PIPER SANDLER & CO. | $4K | 1.81% |
| COWEN AND COMPANY, LLC | $443 | 0.19% |
C000003838 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STATE STREET GLOBAL MARKETS, LLC | $27.1M | 93.84% |
| CITIGROUP GLOBAL MARKETS INC. | $1.2M | 4.10% |
| BARCLAYS CAPITAL INC. | $297K | 1.03% |
| WELLS FARGO SECURITIES, LLC | $198K | 0.69% |
| TD SECURITIES (USA) LLC | $99K | 0.34% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.