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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 four 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 Aggressive Allocation Fund Class S TAAIX seeks appreciation of capital for the long run. TAAIX invests at least three-fourth of its assets in equity securities, and up to one-fourth of its assets in debt securities. Thrivent Aggressive Allocation Fund Class S has three-year annualized returns of 10.2%.
Darren Bagwell is one of the fund managers of TAAIX since 2016.
Thrivent Large Cap Value Fund Class S TLVIX 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 market capitalization similar to those included on the S&P 500 Index, the MSCI USA Large Cap Index or the large company market capitalization classifications published by Lipper, Inc. TLVIX has three-year annualized returns of 9%.
As of March 2019, TLVIX held 67 issues with 6.02% of its assets invested in Cisco Systems Inc (NASDAQ:CSCO).
Thrivent Income Fund Class A LUBIX 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 3.8%.
LUBIX has an expense ratio of 0.77% compared with the category average of 0.85%.
Thrivent High Yield Fund Class A LBHYX aims for high current income. The fund invests most of its assets in high-yield, high-risk bonds, notes, debentures and other debt obligations. LBHYX has three-year annualized returns of 5.6%.
As of March 2019, LBHYX held 286 issues with 1.19% of its assets invested in Sprint Corporation 7.62%.
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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