The fund is designed to produce income that will keep pace with inflation, to mitigate risk through diversification and periodic reallocation, and to grow principal.
Managed by Mark Simenstad, it is being offered through Thrivent's network of 2,500 registered representatives.
"The fund is a simple solution, but backed by a sophisticated approach," said Russell Swansen, senior vice president and chief investment officer. "It's actively monitored and adjusted as needed based on changing market conditions to optimize the opportunity for growth."