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3 Thrivent Mutual Funds That Deserve Your Attention
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Thrivent Financial had $162 billion worth of assets under management as of Dec 31, 2020. It has invested in more than 20 solution-based mutual funds with over $23.8 billion in assets (as of 12/31/2020) and across a wide range of categories, including equity, income plus, asset allocation and fixed income funds.
Also, it serves more than two million customers and has more than 100 investment professionals. Thrivent Mutual Funds aims to offer simple and smart investing options and have a strong competitive record.
Thrivent Aggressive Allocation Fund Class S (TAAIX - Free Report) seeks long-term appreciation of capital and invests the majority of its assets in a combination of other funds managed by the Adviser and directly held financial instruments. This fund is meant for investors who aim for greater long-term capital growth and are comfortable with higher levels of risk and volatility.
It allocates the lion’s share of its assets in equity securities, and about a fourth of its assets in debt securities. TAAIX carries a Zacks Mutual Fund Rank of #1 and has three-year annualized returns of 13.8%. As of the end of May 2021, TAAIX held 1,056 issues with 0.63% of its assets invested in Microsoft Corp.
Thrivent Limited Maturity Bond Fund Class A (LBLAX - Free Report) aims for a high level of current income with consistent stability of principal. The fund invests the majority of its net assets in debt securities or preferred stock in at least the "Baa" major rating category by Moody's or "BBB" major rating category by S&P. LBLAX sports a Zacks Mutual Fund Rank #2 and has three-year annualized returns of 3.1%.
Michael G. Landreville is the fund manager of LBLAX since 1999.
Thrivent Small Cap Stock Fund Class S (TSCSX - Free Report) seeks long-term appreciation of capital and invests the majority of assets in equity securities of small companies. The fund particularly focuses on companies that have market capitalization equivalent to the ones included on the Russell 2000 Index, the S&P SmallCap 600 Index, or the small-company market-capitalization classifications published by Lipper, Inc. TSCSX carries a Zacks Mutual Fund Rank of #1 and has three-year annualized returns of 16.7%.
TSCSX has an expense ratio of 0.84% compared with the category average of 1.03%.
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3 Thrivent Mutual Funds That Deserve Your Attention
Thrivent Financial had $162 billion worth of assets under management as of Dec 31, 2020. It has invested in more than 20 solution-based mutual funds with over $23.8 billion in assets (as of 12/31/2020) and across a wide range of categories, including equity, income plus, asset allocation and fixed income funds.
Also, it serves more than two million customers and has more than 100 investment professionals. Thrivent Mutual Funds aims to offer simple and smart investing options and have a strong competitive record.
Below we share with you three top-ranked Thrivent mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) or #2 (Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Thrivent funds.
Thrivent Aggressive Allocation Fund Class S (TAAIX - Free Report) seeks long-term appreciation of capital and invests the majority of its assets in a combination of other funds managed by the Adviser and directly held financial instruments. This fund is meant for investors who aim for greater long-term capital growth and are comfortable with higher levels of risk and volatility.
It allocates the lion’s share of its assets in equity securities, and about a fourth of its assets in debt securities. TAAIX carries a Zacks Mutual Fund Rank of #1 and has three-year annualized returns of 13.8%. As of the end of May 2021, TAAIX held 1,056 issues with 0.63% of its assets invested in Microsoft Corp.
Thrivent Limited Maturity Bond Fund Class A (LBLAX - Free Report) aims for a high level of current income with consistent stability of principal. The fund invests the majority of its net assets in debt securities or preferred stock in at least the "Baa" major rating category by Moody's or "BBB" major rating category by S&P. LBLAX sports a Zacks Mutual Fund Rank #2 and has three-year annualized returns of 3.1%.
Michael G. Landreville is the fund manager of LBLAX since 1999.
Thrivent Small Cap Stock Fund Class S (TSCSX - Free Report) seeks long-term appreciation of capital and invests the majority of assets in equity securities of small companies. The fund particularly focuses on companies that have market capitalization equivalent to the ones included on the Russell 2000 Index, the S&P SmallCap 600 Index, or the small-company market-capitalization classifications published by Lipper, Inc. TSCSX carries a Zacks Mutual Fund Rank of #1 and has three-year annualized returns of 16.7%.
TSCSX has an expense ratio of 0.84% compared with the category average of 1.03%.
To view the Zacks Rank and past performance of all Thrivent mutual funds, investors can click here to see the complete list of funds.
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