Have you been searching for a Mutual Fund Equity Report fund? You might want to begin with Thrivent Aggressive Allocation A (TAAAX Quick QuoteTAAAX - Free Report) . TAAAX holds a Zacks Mutual Fund Rank of 3 (Hold), which is based on nine forecasting factors like size, cost, and past performance.

History of Fund/Manager

Thrivent is based in Appleton, WI, and is the manager of TAAAX. Thrivent Aggressive Allocation A debuted in June of 2005. Since then, TAAAX has accumulated assets of about $1.26 billion, according to the most recently available information. The fund's current manager is a team of investment professionals.

Performance

Obviously, what investors are looking for in these funds is strong performance relative to their peers. This fund has delivered a 5-year annualized total return of 12.56%, and is in the top third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 14.8%, which places it in the top third during this time-frame.

When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. The standard deviation of TAAAX over the past three years is 17.16% compared to the category average of 15.86%. The standard deviation of the fund over the past 5 years is 15.09% compared to the category average of 13.84%. This makes the fund more volatile than its peers over the past half-decade.

Risk Factors

Investors should note that the fund has a 5-year beta of 0.94, which means it is hypothetically less volatile than the market at large. Another factor to consider is alpha, as it reflects a portfolio's performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. With a negative alpha of -2.79, managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.

Holdings

Exploring the equity holdings of a mutual fund is also a valuable exercise. This can show us how the manager is applying their stated methodology, as well as if there are any inherent biases in their approach. For this particular fund, the focus is mostly on equities that are traded in the United States.

This fund is currently holding about 80.75% stock in stocks, and these companies have an average market capitalization of $139.57 billion. The fund has the heaviest exposure to the following market sectors:

1. Finance
2. Other

Expenses

Costs are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, TAAAX is a load fund. It has an expense ratio of 0.91% compared to the category average of 0.86%. TAAAX is actually more expensive than its peers when you consider factors like cost.

While the minimum initial investment for the product is $2,000, investors should also note that each subsequent investment needs to be at least $50.

Bottom Line

Overall, Thrivent Aggressive Allocation A ( TAAAX ) has a neutral Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, average downside risk, and higher fees, Thrivent Aggressive Allocation A ( TAAAX ) looks like a somewhat average choice for investors right now.

Want even more information about TAAAX? Then go over to Zacks.com and check out our mutual fund comparison tool, and all of the other great features that we have to help you with your mutual fund analysis for additional information. Zacks provides a full suite of tools to help you analyze your portfolio - both funds and stocks - in the most efficient way possible.