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. Thrivent Mutual Funds aims to offer simple and smart investing, and has a strong record of competitive performance. This lesser-known fund family also 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-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 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 5.8% year to date.
LUBIX has an expense ratio of 0.77% compared with the category average of 0.79%.
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 year-to-date (YTD) returns of 2%.
As of September 2017, LBLAX held 482 issues, with 13.49% of its assets invested in 2 Year US Treasury Note Future Dec17.
Thrivent High Yield A (LBHYX - Free Report) invests the majority of its assets in high risk, high-yield bonds and other debt securities. LBHYX seeks growth of capital and income. The fund invests mainly in “junk bonds.” Thrivent High Yield A has YTD returns of 7.2%.
Paul Ocenasek has been the fund manager of LBHYX since December 1997.
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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