TLVOX Fees and Costs — Thrivent Low Volatility Equity Fund, Class S
Data updated: 2024-09-25
The net expense ratio is 0.95%: a 0.60% management fee plus 0.82% other expenses, less a 0.47% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $29K in broker commissions, 0.0964% of average net assets, and portfolio turnover was 88%.
TLVOX Fees and Expenses
Annual operating expenses and sales charges of TLVOX. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.82% |
| Gross expense ratio | 1.42% |
| Fee waiver | −0.47% |
| Net expense ratio | 0.95% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
TLVOX Costs Over Time
On $10,000 invested in TLVOX, assuming 5% a year before costs, total costs come to $654 over 5 years, cutting the return by 1.10% 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 0.95%) | $100 | $311 | $539 |
| Trading costs (broker commissions) | $10 | $32 | $55 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $110 | $360 | $654 |
| Value after costs | $10,390 | $11,217 | $12,109 |
| Impact on return, per year | 1.10% | 1.10% | 1.10% |
TLVOX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0964%
- Total broker commissions: $29K
- Bought from dealers (principal trades, not a cost): $10.4M
- Portfolio turnover (prospectus): 88%
- Securities on loan, average value: $0
- Net income from securities lending: $477 (0.002% of average net assets)
TLVOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL INC. | $7K | 23.41% |
| CITIGROUP GLOBAL MARKETS INC. | $6K | 21.47% |
| J.P. MORGAN SECURITIES LLC | $5K | 18.01% |
| MORGAN STANLEY & CO. LLC | $5K | 16.14% |
| CREDIT SUISSE SECURITIES (USA) LLC | $4K | 14.64% |
| UBS SECURITIES LLC | $958 | 3.30% |
| RBC CAPITAL MARKETS, LLC | $598 | 2.06% |
| KEEFE, BRUYETTE & WOODS, INC. | $283 | 0.98% |
TLVOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STATE STREET GLOBAL MARKETS, LLC | $10.4M | 100.00% |
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.