Being part of Thrivent Financial, Thrivent Mutual Funds has $116 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 competitive record. 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 Fund Class S (LBIIX - Free Report) invests a large part of its assets in debt securities and preferred stocks that 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 2.7% in the last one-year period.
LBIIX has an expense ratio of 0.45% compared with the category average of 0.84%.
Thrivent Large Cap Value S (TLVIX - Free Report) invests a major portion of its assets in equity securities of large-cap companies. The fund advisor focuses on investing in both U.S. and non-U.S. large-cap companies that have market-cap similar to those included on the MSCI USA Large Cap Index, the S&P 500 Index and market-cap categories put out by Lipper, Inc.Thrivent Large Cap Value S has one-year annualized returns of 9.5%.
Kurt J. Lauber is the fund manager of TLVIX since 2013.
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 2.4% in the last one-year period.
As of January 2018, LUBIX held 613 issues with 2.57% of its assets invested in United States Treasury Bonds 2.75% PIDI BDS 15/11/2047 USD (BONDS 11/47).
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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