There are four basic types of mutual funds including:

• Stock funds. A stock fund invests in the stock of companies. A share of company stock represents a share of ownership in the company. Stock fund managers hope the share price of companies owned by the fund goes up. This appreciation in stock price value in turn causes the fund’s share price to rise, increasing the value of your shares.
• Bond funds. A bond fund invests in bonds issued by governments and/or companies. Bonds pay interest and mature in a specified time period, typically from three months to 30 years. Bond funds pass on the interest they earn to you, the fund shareholder.
• Money market funds. A money market fund invests in short-term bonds. A money market fund’s share price is almost always $1 per share. The fund passes on the interest it earns to you, the fund shareholder.
• Asset allocation funds. An asset allocation fund invests in a combination of stocks, bonds and money market securities in an effort to limit risk while optimizing reward. There are several different types of asset allocation funds, including risk-based and target-date funds. Risk-based funds allocate assets based on an investor’s particular risk tolerance, whether that is aggressive, moderate or conservative. Target-date funds allocate assets based on the particular date when a life event such retirement or college education is expected to take place.

To learn more about successful investing and how Thrivent Investment Management can help you achieve your financial goals, contact a Thrivent Financial representative today.

Investments in the Thrivent Money Market Fund are neither insured nor guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money. These and other risks are described in the Fund’s prospectus.