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Mutual Fund Commentary

Thrivent Mutual Funds is part of Thrivent Financial and manages around $14 billion worth of assets. It serves nearly 2.3 million customers and has more than 100 investment professionals. Moreover, it has invested in 21 mutual funds across a wide range of categories including equity, income plus, asset allocation and fixed income funds. Thrivent Mutual Funds aims to offer simple and smart investing and has a strong record of competitive performance. This lesser known fund family won the 2015 Lipper Award in the Best Overall Small Fund Family and Best Mixed-Assets Small Fund Family categories.

Below we share with you three top-rated Thrivent mutual funds. Each has earned a Zacks Mutual Fund Rank #1(Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Thrivent funds.

Thrivent Limited Maturity Bond A (LBLAX - Free Report) seeks growth of capital. LBLAX invests the lion’s share of its assets in preferred stocks or debt securities that are rated in the Baa/BBB categories. The fund focuses primarily on bonds with maturities between one and five years. Thrivent Limited Maturity Bond A has year-to-date and one-year returns of 2.8% and 2.4%, respectively.

LBLAXhas an expense ratio of 0.62% compared with the category average of 0.78%.

Thrivent Large Cap Value S (TLVIX - Free Report) invests primarily in companies whose market-cap falls within the range of the Russell 1000 Value Index or the S&P 500/Citigroup Value Index. TLVIX seeks capital appreciation for the long run. The fund invests the bulk of its assets in securities of large-cap companies. Thrivent Large Cap Value S has year-to-date and one-year returns of 6.2% and 1.8%, respectively.

Kurt Lauber is the fund manager of TLVIX since March 2013.

Thrivent Income A (LUBIX - Free Report) seeks high level growth of income and capital for the long run. LUBIX invests more than 65% of its assets in investment-grade preferred stocks and debt securities. Further, the fund invests generally in asset-backed securities, corporate bonds, mortgage-backed securities and government bonds. Thrivent Income A has year-to-date and one-year returns of 7.9% and 6.6%, respectively.

As of August 2016, LUBIX held 549 issues, with 6.31% of its assets invested in U.S. Treasury Bond Dec16.

To view the Zacks Rank and past performance of all Thrivent mutual funds, investors can click here to see the complete list of Thrivent funds.

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