Continue to site >
Trending ETFs

Name

As of 06/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$15.87

$3.61 B

1.35%

$0.21

1.22%

Vitals

YTD Return

7.2%

1 yr return

15.2%

3 Yr Avg Return

2.9%

5 Yr Avg Return

6.7%

Net Assets

$3.61 B

Holdings in Top 10

52.7%

52 WEEK LOW AND HIGH

$15.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.22%

SALES FEES

Front Load 4.50%

Deferred Load N/A

TRADING FEES

Turnover 120.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,000

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$15.87

$3.61 B

1.35%

$0.21

1.22%

THMAX - Profile

Distributions

  • YTD Total Return 7.2%
  • 3 Yr Annualized Total Return 2.9%
  • 5 Yr Annualized Total Return 6.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.88%
DIVIDENDS
  • Dividend Yield 1.3%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Thrivent Moderate Allocation Fund
  • Fund Family Name
    Thrivent Funds
  • Inception Date
    Jun 30, 2005
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Stephen Lowe

Fund Description

The Fund pursues its objective by investing in a combination of other funds managed by the Adviser and directly held financial instruments. The Fund is designed for investors who seek moderate long-term capital growth with reasonable stability of principal and are comfortable with moderate levels of risk and volatility. The Fund uses a prescribed asset allocation strategy involving a two-step process that is designed to achieve its desired risk tolerance. The first step is the construction of a model for the allocation of the Fund’s assets across broad asset categories (namely, equity securities and debt securities). The second step involves the determination of sub-classes within the broad asset categories and target weightings (i.e., what the Adviser determines is the strategic allocation) for these sub-classes. Sub-classes for equity securities may be based on market capitalization, investment style (such as growth or value), or economic sector. Sub-classes for debt securities may be based on maturity, duration, security type or credit rating (high yield—commonly known as “junk bonds”—or investment grade).The use of target weightings for various sub-classes within broad asset categories is intended as a multi-style approach to reduce the risk of investing in securities having common characteristics. The Fund may buy and sell futures contracts to either hedge its exposure or obtain exposure to certain investments.The Fund may invest in foreign securities, including those of issuers in emerging markets. An “emerging market” country is any country determined by the Adviser to have an emerging market economy, considering factors such as the country’s credit rating, its political and economic stability and the development of its financial and capital markets.Under normal circumstances, the Fund invests in the following broad asset classes within the ranges given:Broad Asset CategoryTargetAllocationAllocationRangeEquity Securities65%45-85%Debt Securities35%15-55%The Fund’s actual holdings in each broad asset category may be outside the applicable allocation range from time to time due to differing investment performance among asset categories. The Adviser will rebalance the Fund at least annually so that its holdings are within the ranges for the broad asset categories.The Fund pursues its investment strategy by investing in other mutual funds managed by the Adviser or an affiliate and direct investments in securities. The names of the funds managed by the Adviser which are currently available for investment by the Fund are shown in the list below. The list is provided for information purposes only. The Adviser may change the availability of the funds managed by the Adviser for investment by the Fund without shareholder approval or advance notice to shareholders.Equity SecuritiesSmall CapThrivent Small Cap Stock FundThrivent Core Small Cap Value FundMid CapThrivent Mid Cap Stock FundThrivent Core Mid Cap Value FundLarge CapThrivent Global Stock FundThrivent Large Cap Growth FundThrivent Large Cap Value FundOtherThrivent International Allocation FundThrivent Core International Equity FundThrivent Core Low Volatility Equity FundDebt SecuritiesHigh Yield BondsThrivent High Yield FundIntermediate/Long-Term BondsThrivent Income FundShort-Term/Intermediate BondsThrivent Limited Maturity Bond FundOtherThrivent Core Emerging Markets Debt FundShort-Term Debt SecuritiesMoney MarketThrivent Cash Management TrustOtherThrivent Core Short-Term Reserve Fund
Read More

THMAX - Performance

Return Ranking - Trailing

Period THMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.2% 0.8% 33.1% 38.16%
1 Yr 15.2% -0.6% 57.0% 31.49%
3 Yr 2.9%* -6.4% 11.4% 43.07%
5 Yr 6.7%* -4.6% 14.5% 54.70%
10 Yr 5.1%* 0.4% 10.6% 72.84%

* Annualized

Return Ranking - Calendar

Period THMAX Return Category Return Low Category Return High Rank in Category (%)
2023 12.2% -12.2% 23.9% 29.77%
2022 -17.6% -34.7% 2.8% 39.65%
2021 5.2% -11.9% 18.1% 50.00%
2020 8.8% -20.9% 39.7% 40.82%
2019 12.3% 0.8% 25.7% 69.79%

Total Return Ranking - Trailing

Period THMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.2% 0.8% 33.1% 38.16%
1 Yr 15.2% -0.6% 57.0% 31.49%
3 Yr 2.9%* -6.4% 11.4% 43.07%
5 Yr 6.7%* -4.6% 14.5% 54.70%
10 Yr 5.1%* 0.4% 10.6% 72.84%

* Annualized

Total Return Ranking - Calendar

Period THMAX Return Category Return Low Category Return High Rank in Category (%)
2023 16.5% -12.2% 26.8% 18.95%
2022 -15.6% -29.0% 10.9% 60.93%
2021 12.6% -3.0% 27.3% 56.29%
2020 14.0% -19.5% 40.6% 38.15%
2019 19.2% 2.2% 32.7% 58.16%

NAV & Total Return History


THMAX - Holdings

Concentration Analysis

THMAX Category Low Category High THMAX % Rank
Net Assets 3.61 B 789 K 217 B 24.05%
Number of Holdings 2096 2 15947 5.27%
Net Assets in Top 10 1.85 B 596 K 67.8 B 23.79%
Weighting of Top 10 52.68% 11.3% 121.1% 51.00%

Top 10 Holdings

  1. Thrivent Core Short-Term Reserve Fund 14.38%
  2. Thrivent Large Cap Growth Fund, Class S 9.45%
  3. Thrivent Large Cap Value Fund, Class S 8.98%
  4. Thrivent Mid Cap Stock Fund, Class S 4.90%
  5. Thrivent International Allocation Fund, Class S 3.87%
  6. Thrivent Income Fund, Class S 3.60%
  7. Thrivent Global Stock Fund, Class S 2.21%
  8. Thrivent Limited Maturity Bond Fund, Class S 2.03%
  9. Thrivent Core Emerging Markets Debt Fund 1.72%
  10. Thrivent Core Small Cap Value Fund 1.52%

Asset Allocation

Weighting Return Low Return High THMAX % Rank
Stocks
21.04% 0.00% 100.06% 92.88%
Bonds
20.21% 0.00% 77.51% 44.02%
Cash
15.57% -7.92% 100.00% 2.71%
Other
1.15% -42.80% 112.46% 20.09%
Convertible Bonds
0.43% 0.00% 23.84% 60.83%
Preferred Stocks
0.00% 0.00% 23.15% 91.60%

Stock Sector Breakdown

Weighting Return Low Return High THMAX % Rank
Technology
21.62% 0.00% 44.21% 33.81%
Financial Services
15.30% 0.00% 38.77% 42.88%
Healthcare
12.78% 0.00% 29.35% 70.65%
Consumer Cyclical
11.38% 0.00% 19.36% 26.62%
Industrials
11.35% 0.00% 24.37% 30.36%
Communication Services
7.65% 0.00% 38.10% 39.71%
Consumer Defense
5.32% 0.00% 15.14% 81.15%
Energy
4.21% 0.00% 85.65% 58.13%
Real Estate
3.80% 0.00% 65.01% 37.99%
Basic Materials
3.78% 0.00% 33.35% 60.29%
Utilities
2.82% 0.00% 99.55% 56.55%

Stock Geographic Breakdown

Weighting Return Low Return High THMAX % Rank
US
20.90% 0.00% 100.06% 90.88%
Non US
0.14% 0.00% 39.69% 26.07%

Bond Sector Breakdown

Weighting Return Low Return High THMAX % Rank
Corporate
26.15% 0.00% 98.21% 65.28%
Government
18.82% 0.00% 97.26% 69.01%
Securitized
18.46% 0.00% 92.13% 46.48%
Cash & Equivalents
15.57% 0.00% 99.92% 2.56%
Derivative
0.66% -2.92% 43.22% 4.13%
Municipal
0.01% 0.00% 24.80% 63.85%

Bond Geographic Breakdown

Weighting Return Low Return High THMAX % Rank
US
20.21% 0.00% 77.51% 43.87%
Non US
0.00% 0.00% 11.88% 89.60%

THMAX - Expenses

Operational Fees

THMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.22% 0.03% 17.63% 34.28%
Management Fee 0.62% 0.00% 1.83% 75.67%
12b-1 Fee 0.25% 0.00% 1.00% 51.67%
Administrative Fee 0.02% 0.01% 0.83% 1.60%

Sales Fees

THMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 2.25% 5.75% 78.07%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

THMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

THMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 120.00% 0.00% 343.00% 88.45%

THMAX - Distributions

Dividend Yield Analysis

THMAX Category Low Category High THMAX % Rank
Dividend Yield 1.35% 0.00% 17.90% 56.01%

Dividend Distribution Analysis

THMAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly SemiAnnual Quarterly SemiAnnual

Net Income Ratio Analysis

THMAX Category Low Category High THMAX % Rank
Net Income Ratio 0.88% -2.34% 19.41% 64.64%

Capital Gain Distribution Analysis

THMAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Semi-Monthly

Distributions History

View More +

THMAX - Fund Manager Analysis

Managers

Stephen Lowe


Start Date

Tenure

Tenure Rank

Apr 29, 2016

6.09

6.1%

Steve Lowe, CFA, joined Thrivent in 1997. He is the Chief Investment Strategist and has served on Thrivent's Model Portfolios Committee since 2017. He was most recently the Head of Fixed-Income Mutual Funds and has also served as the portfolio manager of various Thrivent mutual funds since 2009, including the Thrivent Asset Allocation Funds since 2016.

David Royal


Start Date

Tenure

Tenure Rank

Apr 30, 2018

4.09

4.1%

David Royal joined Thrivent in 2006. He is the President and Chief Investment Officer of Thrivent Mutual Funds and has served on the Thrivent Model Portfolio's Committee since 2018. He has also served as a portfolio manager on the Thrivent Asset Allocation Funds since 2018.

David Spangler


Start Date

Tenure

Tenure Rank

Feb 28, 2019

3.25

3.3%

David Spangler, CFA, joined Thrivent in 2002 serving as Director of Thrivent’s Investment Product Management group. Currently, he is the Head of Mixed Asset and Market Strategies. He has served on Thrivent's Model Portfolios Committee since 2019. He has also served as a portfolio manager on the Thrivent Asset Allocation Funds since 2019.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 34.51 6.36 2.41