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3 Top-Ranked Thrivent Mutual Funds to Boost Gains

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Thrivent Mutual Funds is part of Thrivent Financial and has around $116.5 billion worth of assets under management (as of Dec 2016). It serves nearly 2.3 million customers and has more than 100 investment professionals. Moreover, it has invested in 23 actively managed 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.

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 Limited Maturity Bond Fund Class S (THLIX - Free Report) invests the lion’s share of its assets in debt securities or preferred stocks that are "Baa" rated by Moody or "BBB" rated by the S&P. THLIX seeks growth of income along with stability of principal. Thrivent Limited Maturity Bond Fund Class S has returned 2% over the last year.

THLIX has an expense ratio of 0.41% compared with the category average of 0.76%.

Thrivent Income Fund Class S (LBIIX - Free Report) invests a large part of its assets in debt securities and preferred stock which are rated investment grade. LBIIX may also invest in high yield, high risk bonds, notes, debentures and other debt obligations. The fund seeks a high level of income along with growth of capital. Thrivent Income Fund Class S has returned 2.3% over the last one-year period.

As of June 2017, LBIIX held 601 issues, with 5.63% of its assets invested in U.S. Treasury Bond Sept17.

Thrivent Aggressive Allocation Fund Class S (TAAIX - Free Report) seeks appreciation of capital for the long run. TAAIX invests at least three-fourth of its assets in equity securities, and up to one-fourth of its assets in debt securities. Thrivent Aggressive Allocation Fund Class S has returned 17.5% over the last one-year period.

Darren Bagwell is one of the fund managers of TAAIX since 2016.

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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