Thrivent Mutual Funds is part of Thrivent Financial and has around $15.4 billion worth of assets under management. It serves at least 2 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 peers in the future. Investors can click here to see the complete list of Thrivent funds.
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 three-year annualized returns of 1.5%.
As of December 2017, LBLAX held 501 issues, with 11.3% of its assets invested in 2 Year US Treasury Note Future Mar18.
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 rated "BBB" or higher by the S&P or rated "Baa" or more by Moody’s. THLIX seeks growth of income along with stability of principal. Thrivent Limited Maturity Bond Fund Class S has three-year annualized returns of 1.7%.
THLIX has an expense ratio of 0.42% compared with the category average of 0.73%.
Thrivent High Yield S (LBHIX - Free Report) seeks maximization of income and growth of capital over the long run. LBHIX invests a large chunk of its assets in high risk debt obligations, including bonds and notes, which offer high yields. These kinds of high-yield bonds are known as junk bonds. Thrivent High Yield S has three-year annualized returns of 4.3%.
Paul Ocenasek is the fund manager of LBHIX since 1997.
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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