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Name

As of 04/17/2024

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

Thrivent Government Bond Fund

TBFAX | Fund

$8.54

$82.1 M

0.00%

1.21%

Vitals

YTD Return

-2.9%

1 yr return

-1.2%

3 Yr Avg Return

-3.2%

5 Yr Avg Return

-0.7%

Net Assets

$82.1 M

Holdings in Top 10

42.8%

52 WEEK LOW AND HIGH

$8.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.21%

SALES FEES

Front Load 4.50%

Deferred Load N/A

TRADING FEES

Turnover 427.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,000

IRA

$1,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/17/2024

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

Thrivent Government Bond Fund

TBFAX | Fund

$8.54

$82.1 M

0.00%

1.21%

TBFAX - Profile

Distributions

  • YTD Total Return -2.9%
  • 3 Yr Annualized Total Return -3.2%
  • 5 Yr Annualized Total Return -0.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.86%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Thrivent Government Bond Fund
  • Fund Family Name
    Thrivent Funds
  • Inception Date
    Feb 26, 2010
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Landreville

Fund Description

Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of borrowings for investment purposes) in U.S. government bonds. For purposes of this disclosure, “U.S. government bonds” are debt instruments issued or guaranteed by the U.S. government or its agencies and instrumentalities, including U.S. Treasuries, Treasury Inflation Protected Securities (TIPS), U.S. Government Agency debt, and mortgage-backed securities issued or guaranteed by the Government National Mortgage Association (GNMA or Ginnie Mae), the Federal National Mortgage Association (FNMA or Fannie Mae) or the Federal Home Loan Mortgage Corporation (FHLMC or Freddie Mac). Should the Adviser change the investments used for purposes of this 80% threshold, you will be notified at least 60 days prior to the change.The Fund’s portfolio securities may be of any maturity. The Adviser uses fundamental and other investment research techniques to determine what debt obligations to buy and sell. Fundamental techniques assess a security’s value based on an issuer’s financial profile, management, and business prospects. The Fund seeksto achieve a return consisting of income earned on the Fund’s investments plus capital appreciation, if any. The Fund may invest in U.S. dollar denominated sovereign debt of foreign governments.The Fund utilizes derivatives primarily in the form of U.S. Treasury futures contracts in order to manage the Fund’s duration, or interest rate risk. The Fund may enter into derivatives contracts traded on exchanges or in the over the counter market.
Read More

TBFAX - Performance

Return Ranking - Trailing

Period TBFAX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.9% -4.6% 6.6% 30.97%
1 Yr -1.2% -4.4% 27.1% 43.36%
3 Yr -3.2%* -8.5% 9.3% 15.11%
5 Yr -0.7%* -5.9% 3.6% 49.30%
10 Yr 0.2%* -2.2% 3.4% 64.24%

* Annualized

Return Ranking - Calendar

Period TBFAX Return Category Return Low Category Return High Rank in Category (%)
2023 1.1% -1.0% 22.1% 54.42%
2022 -12.4% -20.4% -5.8% 21.78%
2021 -2.8% -7.1% 16.6% 35.91%
2020 3.5% -1.3% 8.8% 49.53%
2019 3.5% 0.3% 7.1% 47.39%

Total Return Ranking - Trailing

Period TBFAX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.9% -4.6% 6.6% 30.97%
1 Yr -1.2% -4.4% 27.1% 43.36%
3 Yr -3.2%* -8.5% 9.3% 15.11%
5 Yr -0.7%* -5.9% 3.6% 49.30%
10 Yr 0.2%* -2.2% 3.4% 64.24%

* Annualized

Total Return Ranking - Calendar

Period TBFAX Return Category Return Low Category Return High Rank in Category (%)
2023 4.5% -0.5% 28.8% 34.51%
2022 -10.6% -18.5% -3.3% 22.22%
2021 -1.9% -4.5% 25.3% 59.09%
2020 4.9% -1.3% 13.0% 69.16%
2019 5.7% 1.8% 11.3% 58.77%

NAV & Total Return History

TBFAX - Holdings

Concentration Analysis

TBFAX Category Low Category High TBFAX % Rank
Net Assets 82.1 M 9.43 M 134 B 94.25%
Number of Holdings 123 18 12663 80.97%
Net Assets in Top 10 35.8 M 5.49 M 43.7 B 93.36%
Weighting of Top 10 42.76% 6.3% 115.2% 36.28%

Top 10 Holdings

  1. U.S. Treasury Notes 10.10%
  2. Thrivent Core Short-Term Reserve Fund 8.79%
  3. U.S. Treasury Notes 6.14%
  4. Government National Mortgage Association Conventional 30-Yr. Pass Through 5.16%
  5. Federal National Mortgage Association Conventional 30-Yr. Pass Through 2.28%
  6. Federal National Mortgage Association Conventional 30-Yr. Pass Through 2.24%
  7. Federal National Mortgage Association Conventional 30-Yr. Pass Through 2.15%
  8. U.S. Treasury Notes 2.04%
  9. U.S. Treasury Notes 1.96%
  10. U.S. Treasury Bonds 1.91%

Asset Allocation

Weighting Return Low Return High TBFAX % Rank
Bonds 		93.46% 0.08% 167.02% 93.81%
Cash 		9.02% -29.69% 22.63% 19.91%
Other 		5.24% -26.81% 18.17% 9.29%
Stocks 		0.00% 0.00% 96.75% 68.14%
Preferred Stocks 		0.00% 0.00% 0.10% 66.37%
Convertible Bonds 		0.00% 0.00% 3.29% 66.81%

Bond Sector Breakdown

Weighting Return Low Return High TBFAX % Rank
Government 		46.34% 0.00% 100.00% 36.73%
Securitized 		34.20% 0.00% 99.79% 71.24%
Cash & Equivalents 		9.02% -29.63% 33.75% 23.45%
Corporate 		3.25% 0.00% 9.48% 1.77%
Municipal 		1.83% 0.00% 5.24% 3.98%
Derivative 		0.22% -20.68% 1.69% 28.76%

Bond Geographic Breakdown

Weighting Return Low Return High TBFAX % Rank
US 		93.46% 0.08% 167.02% 93.81%
Non US 		0.00% 0.00% 12.01% 67.26%

TBFAX - Expenses

Operational Fees

TBFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.21% 0.03% 3.55% 20.00%
Management Fee 0.40% 0.00% 0.85% 65.93%
12b-1 Fee 0.13% 0.00% 1.00% 15.09%
Administrative Fee 0.02% 0.01% 0.45% 2.86%

Sales Fees

TBFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 2.00% 4.50% 20.00%
Deferred Load N/A 1.00% 4.50% N/A

Trading Fees

TBFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 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.

TBFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 427.00% 3.35% 948.00% 97.89%

TBFAX - Distributions

Dividend Yield Analysis

TBFAX Category Low Category High TBFAX % Rank
Dividend Yield 0.00% 0.00% 4.91% 48.67%

Dividend Distribution Analysis

TBFAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

TBFAX Category Low Category High TBFAX % Rank
Net Income Ratio 0.86% -0.80% 2.96% 40.89%

Capital Gain Distribution Analysis

TBFAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

TBFAX - Fund Manager Analysis

Managers

Michael Landreville

Start Date

Tenure

Tenure Rank

Feb 26, 2010

12.27

12.3%

Landreville has been with Thrivent Financial since 1983, and has served as associate portfolio manager from 1987 through 1997 and as a portfolio manager since 1998. Landreville holds the Chartered Financial Analyst designation.

Gregory Anderson

Start Date

Tenure

Tenure Rank

Feb 28, 2017

5.25

5.3%

Mr. Anderson is the Vice President of Fixed Income Securities for Thrivent Financial and recently served as Senior Portfolio Manager of Thrivent Financial’s mortgage-backed securities (MBS) portfolio. He is also co-portfolio manager of certain Thrivent fixed income mutual funds. Mr. Anderson joined Thrivent Financial in 1997 and has held a variety of positions, including corporate bond investment analyst and securitized assets portfolio manager. Prior to that, he was employed at Telephone & Data Systems Inc from 1991 until 1997, serving as a senior treasury analyst from 1994 through 1997.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.11 31.64 8.38 7.35

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