Being part of Thrivent Financial, Thrivent Mutual Funds has $15 billion worth of assets under management. It has invested in 23 mutual funds 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 at least 100 investment professionals.
Below we share with you three top-ranked 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 Opportunity Income Plus Fund A (AAINX - Free Report) seeks high income, consistent with preservation of capital. AAINX invests more than half of its assets in debt securities including high risk bonds, high yield, debentures and other debt obligations. The fund also invests in equity securities. Thrivent Opportunity Income Plus Fund A has returned 4.4% over the last one-year period.
AAINX has an expense ratio of 0.89% compared with the category average of 1.05%.
Thrivent Limited Maturity Bond Fund A (LBLAX - Free Report) seeks a high level of income. LBLAX invests the lion’s share of its assets in preferred stocks or debt securities that are rated in the Baa or BBB categories. The fund focuses primarily on bonds with maturities between one and five years. Thrivent Limited Maturity Bond A has returned 1.7% over the last one-year period.
As of April 2017, LBLAX held 459 issues, with 14.05% of its assets invested in 2 Year US Treasury Note Future June17.
Thrivent Income A (LUBIX - Free Report) seeks a high level of income and growth of capital for the long run. LUBIX invests more than 65% of its assets in investment-grade preferred stocks and debt securities. The fund invests generally in asset-backed securities, corporate bonds, mortgage-backed securities and government bonds. Thrivent Income A has returned 1.5% over the last one-year period.
Stephen Lowe is the fund manager of LUBIX since March 2009.
To view the Zacks Rank and past performance of all diversified bond mutual funds, investors can click here to see the complete list of diversified bond funds.
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