Thrivent Mutual Funds is part of Thrivent Financial and had more than $134 billion worth of assets under management as of December 2018. It serves at least 2 million customers and has more than 100 investment professionals.
Moreover, it has invested in 24 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 funds.
Thrivent Income Fund Class A (LUBIX - Free Report) aims for high current income while also opting for capital preservation. The fund invests the majority of its assets in debt securities or preferred stocks that are rated investment grade by utilizing the middle rating of S&P, Fitch or Moody’s. Thrivent Income Fund may also invest in high yield, high risk bonds, notes, debentures and other debt obligations or preferred stocks. LUBIX has a three-year annualized return of 3.7%.
LUBIX has an expense ratio of 0.77% compared with the category average of 0.84%.
Thrivent Large Cap Value Fund Class S (TLVIX - Free Report) seeks long-term capital appreciation. The fund invests most of its assets in equity securities of large companies. The fund’s advisor mostly focuses on equity securities of large companies that are based in the United States or outside with have market capitalization similar to those included on the S&P 500 Index, the MSCI USA Large Cap Indexor the large company market capitalization classifications published by Lipper, Inc. TLVIX has a three-year annualized return of 11.4%.
As of January 2019, TLVIX held 69 issues with 5.44% of its assets invested in Cisco Systems Inc.
Thrivent High Yield Fund Class S (LBHIX - Free Report) aims for high current income. The fund invests most of its assets in high-yield, high-risk bonds, notes, debentures and other debt obligations or preferred stocks. These securities are known as junk bonds. LBHIX has a three-year annualized return of 7%.
Paul J. Ocenasek is the fund manager of LBHIX since 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 funds.
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