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THMAX Thrivent Moderate Allocation A

  • Fund
  • THMAX
  • Price as of: Dec 02, 2016
  • $12.71
  • + $0.02
  • + 0.16%
  • Category
  • Diversified Portfolio

THMAX - Profile

Vitals

  • YTD Return 6.3%
  • 3 Yr Annualized Return 4.0%
  • 5 Yr Annualized Return 7.0%
  • Net Assets $1.86 B
  • Holdings in Top 10 48.3%

52 WEEK LOW AND HIGH

$12.71
$11.10
$12.80

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.81%

SALES FEES

  • Front Load 4.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 107.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2016-02-29

STANDARD (TAXABLE)

$2,000

IRA

$1,000

Investment Themes

CATEGORY

Diversified Portfolio
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return 7.1%
  • 3 Yr Annualized Total Return 2.5%
  • 5 Yr Annualized Total Return 6.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.25%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Thrivent Moderate Allocation Fund
  • Fund Family Name Thrivent
  • Inception Date Jun 30, 2005
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager David C. Francis

Fund Description

The Thrivent Moderate Allocation Fund Class A (THMAX) is an actively managed, moderately allocated fund that seeks to provide long-term gains with a medium level of risk. THMAX is a fund of funds and as such invests in other Thrivent mutual funds to keep a 57/43 split between stocks and bonds. However, the fund can invest in individual stocks, bonds and derivatives if needed. The fund is globally diversified across all major equity and fixed-income sectors and styles.

For investors looking for a balanced fund for their core portfolio, THMAX makes a good fit. The fund is managed by Thrivent Financial.

THMAX - Performance

Return Ranking - Trailing

Period THMAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.3% -66.0% 21.5% 13.54% 1
1 Yr 3.0% -35.0% 45.9% 43.12% 3
3 Yr 4.0% * -13.6% 11.8% 29.84% 2
5 Yr 7.0% * -11.6% 13.2% 37.93% 2
10 Yr 4.7% * -5.0% 8.2% 42.29% 3

* Annualized


Return Ranking - Calendar

Period THMAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -6.6% -37.7% 48.7% 47.63% 3
2014 0.6% -59.3% 14.8% 37.81% 3
2013 10.6% -17.5% 36.4% 35.88% 2
2012 8.4% -16.2% 18.4% 44.07% 3
2011 -3.5% -30.5% 7.4% 55.27% 4

Total Return Ranking - Trailing

Period THMAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.1% -65.8% 30.1% 17.32% 1
1 Yr -1.7% -38.3% 73.2% 72.25% 4
3 Yr 2.5% * -14.6% 28.2% 57.22% 3
5 Yr 6.0% * -11.9% 13.2% 49.34% 3
10 Yr 4.2% * -5.0% 8.2% 55.01% 3

* Annualized


Total Return Ranking - Calendar

Period THMAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -5.5% -29.3% 50.4% 75.24% 4
2014 5.8% -54.8% 25.4% 40.42% 3
2013 13.5% -16.7% 57.2% 54.18% 3
2012 13.4% -16.2% 74.5% 51.98% 3
2011 -2.0% -25.3% 15.8% 64.66% 4

NAV & Total Return History

THMAX - Holdings

Filings data as of: Aug 31, 2016

Concentration Analysis

THMAX Category Low Category High THMAX % Rank Quintile
Net Assets 1.86 B 81.4 K 99.4 B 4.93% 2
Number of Holdings 1888 1 12494 1.46% 1
Net Assets in Top 10 738 M -654 M 20.2 B 5.26% 2
Weighting of Top 10 48.3% 0.2% 272.7% 17.80% 3

Top 10 Holdings

  1. mini MSCI EAFE Index TAS Sept16 5.19%
  2. Thrivent Income S 5.75%
  3. Thrivent Partner Worldwide Allocation S 5.94%
  4. Thrivent Large Cap Value S 7.81%
  5. Thrivent Large Cap Growth S 5.84%
  6. E-mini S&P 400 Sept16 4.46%
  7. Fed Natl Mort Assc 3.5% 3.65%
  8. Fed Natl Mort Assc 4% 2.15%
  9. Thrivent Mid Cap Stock S 4.20%
  10. Thrivent Limited Maturity Bond S 3.29%

Asset Allocation

Weighting Category Low Category High THMAX % Rank Quintile
Stocks
52.89% -49.32% 147.79% 15.12% 3
Bonds
43.66% -41.48% 107.98% 9.91% 2
Cash
2.78% -55.49% 139.25% 21.60% 4
Other
0.45% -18.85% 98.84% 15.79% 4
Preferred Stocks
0.16% -1.01% 35.22% 8.10% 3
Convertible Bonds
0.06% 0.00% 33.12% 6.96% 2

Stock Sector Breakdown

Weighting Category Low Category High THMAX % Rank Quintile
Technology
8.30% -8.03% 70.04% 11.61% 3
Financial Services
7.65% -5.07% 69.58% 12.77% 3
Healthcare
6.52% -1.46% 29.90% 11.51% 3
Consumer Cyclical
6.00% -6.02% 54.37% 11.93% 3
Energy
5.61% -2.68% 33.46% 4.60% 1
Industrials
5.37% -4.92% 48.84% 13.09% 3
Consumer Defense
2.31% -4.74% 27.69% 16.11% 4
Basic Materials
2.13% -2.13% 21.85% 9.75% 3
Communication Services
1.36% -2.53% 27.16% 11.00% 4
Real Estate
1.26% -8.01% 48.98% 14.95% 4
Utilities
1.04% -7.18% 47.20% 10.72% 4

Stock Geographic Breakdown

Weighting Category Low Category High THMAX % Rank Quintile
US
44.34% -97.12% 142.85% 12.22% 2
Non US
8.55% -2.98% 150.26% 15.84% 3

Bond Sector Breakdown

Weighting Category Low Category High THMAX % Rank Quintile
Corporate
18.31% -20.43% 93.55% 11.62% 2
Securitized
13.63% -0.01% 40.54% 5.58% 2
Government
11.89% -91.64% 76.37% 10.94% 2
Cash & Equivalents
2.95% -54.77% 138.37% 20.92% 4
Municipal
0.03% 0.00% 91.28% 7.46% 3
Derivative
-0.17% -84.53% 36.75% 3.57% 5

Bond Geographic Breakdown

Weighting Category Low Category High THMAX % Rank Quintile
US
38.36% -154.38% 94.16% 8.65% 2
Non US
5.30% -57.44% 198.64% 13.14% 3

THMAX - Expenses

Operational Fees

THMAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.81% 0.00% 165.34% 15.34% 2
Management Fee 0.63% 0.00% 2.55% 3.03% 4
12b-1 Fee 0.25% 0.00% 1.00% 0.95% 2
Administrative Fee N/A 0.00% 0.83% N/A N/A

Sales Fees

THMAX Fees (% of AUM) Category Low Category High THMAX Rank Quintile
Front Load 4.50% 0.14% 5.75% 1.38% 1
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

THMAX Fees (% of AUM) Category Low Category High THMAX Rank Quintile
Max Redemption Fee N/A 0.11% 2.00% N/A N/A

Turnover 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 Low Category High THMAX Rank Quintile
Turnover 107.00% 0.00% 5609.00% 6.97% 4

THMAX - Distributions

Dividend Yield Analysis

THMAX Category Low Category High THMAX % Rank Quintile
Dividend Yield 0.1% 0.00% 11.33% 44.79% 4

Dividend Distribution Analysis

THMAX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

THMAX Category Low Category High THMAX % Rank Quintile
Net Income Ratio 1.25% -2.96% 9.94% 14.01% 3

Capital Gain Distribution Analysis

THMAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

THMAX - Managers

David C. Francis

Manager

Start Date

Jun 30, 2005

Tenure

11.35

Tenure Rank

1.4%

Francis is vice president of Investment Equities and has been with Thrivent since 2001. He was managing director of institutional asset management for First Union National Bank of North Carolina, his employer since 1994. One year prior to this, Francis served as director of equity management. He also worked for Federated Investors as senior vice president and portfolio manager for 16 years. Francis holds the Chartered Financial Analyst designation.


Mark L. Simenstad

Manager

Start Date

Jun 30, 2005

Tenure

11.35

Tenure Rank

1.4%

Simenstad is vice president of Fixed Income Mutual Funds and Separate Accounts and has been with Thrivent since 1999. Prior to joining Thrivent, he worked as a senior taxable fixed-income portfolio manager with Voyageur Asset Management from 1996. Prior to that, he was a portfolio manager with IAI Asset Management for three years. He also spent ten years with Lutheran Brotherhood, where he managed fixed-income portfolios. Simenstad holds the Chartered Financial Analyst designation.


Russell W. Swansen

Manager

Start Date

Jun 30, 2005

Tenure

11.35

Tenure Rank

1.4%

Swansen is the chief investment officer of Thrivent Asset Mgt. and Thrivent Financial for Lutherans (Thrivent) and serves as the team leader. Prior to joining Thrivent in 2004, he was a managing director of Colonnade Advisors, LLC from 2001 to 2003, and the president and chief investment officer of PPM America from 1999 to 2000.


Darren M. Bagwell

Manager

Start Date

Apr 29, 2016

Tenure

0.51

Tenure Rank

7.0%

Darren M. Bagwell, CFA has served as portfolio manager for the Thrivent Small Cap Stock Portfolio since 2010. He has been with Thrivent since 2002 in an investment management capacity and currently is Director of Research.


Stephen D. Lowe

Manager

Start Date

Apr 29, 2016

Tenure

0.51

Tenure Rank

7.0%

Mr. Lowe has been a senior portfolio manager of the high yield portion of Thrivent Financial’s general account since 2005. Prior to this position, he was, since 2004, a high yield research manager and, since 2002, an associate portfolio manager of the high yield portion of the general account. He has been with Thrivent Financial since 1997.


Tenure Analysis

Category Low

0.0

Category High

35.9

Category Average

5.42

Category Mode

4.8