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THMAX Thrivent Moderate Allocation A

  • Fund
  • THMAX
  • Price as of: May 22, 2019
  • $13.58 - $0.02 - 0.15%
  • Category
  • Diversified Portfolio

THMAX - Profile

Vitals

  • YTD Return 8.8%
  • 3 Yr Annualized Return 4.0%
  • 5 Yr Annualized Return 0.8%
  • Net Assets $2.5 B
  • Holdings in Top 10 54.7%

52 WEEK LOW AND HIGH

$13.58
$12.21
$14.11

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.00%

SALES FEES

  • Front Load 4.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 133.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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 8.8%
  • 3 Yr Annualized Total Return 4.0%
  • 5 Yr Annualized Total Return 0.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.46%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 United States
  • Manager Mark L. Simenstad

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 (%)
YTD 8.8% -3.6% 18.6% 33.33%
1 Yr -1.5% -27.6% 10.7% 28.12%
3 Yr 4.0%* -9.2% 14.1% 13.58%
5 Yr 0.8%* -24.5% 8.6% 20.58%
10 Yr 5.2%* -14.3% 9.7% 27.19%

* Annualized


Return Ranking - Calendar

Period THMAX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.8% -34.6% 1.6% 33.35%
2017 7.7% -12.4% 33.2% 42.76%
2016 6.3% -65.8% 23.3% 16.99%
2015 -6.6% -64.9% 4.8% 54.74%
2014 0.6% -59.3% 68.3% 46.39%

Total Return Ranking - Trailing

Period THMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.8% -3.6% 18.6% 33.71%
1 Yr -1.5% -25.5% 11.4% 57.82%
3 Yr 4.0%* -9.2% 14.1% 59.96%
5 Yr 0.8%* -21.8% 47.6% 73.70%
10 Yr 5.2%* -12.6% 13.3% 75.96%

* Annualized


Total Return Ranking - Calendar

Period THMAX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.8% -32.7% 1.6% 62.46%
2017 7.7% -8.4% 33.2% 71.73%
2016 6.3% -65.2% 23.3% 43.21%
2015 -6.6% -62.9% 9.2% 81.09%
2014 0.6% -28.5% 76.9% 82.00%

NAV & Total Return History

THMAX - Holdings

Concentration Analysis

THMAX Category Low Category High THMAX % Rank
Net Assets 2.5 B 608 K 144 B 23.21%
Number of Holdings 1938 2 13342 2.97%
Net Assets in Top 10 795 M -752 M 26.4 B 29.22%
Weighting of Top 10 54.66% 0.0% 3196.0% 55.85%

Top 10 Holdings

  1. E-mini S&P 500 Mar19 10.55%

  2. Thrivent Large Cap Value S 7.78%

  3. Thrivent Large Cap Growth S 6.76%

  4. Thrivent International Allocation S 5.20%

  5. Thrivent Income S 4.66%

  6. Thrivent Mid Cap Stock S 4.55%

  7. mini MSCI Emerging Markets Index Futures Mar19 4.33%

  8. E-mini S&P 400 Mar19 4.13%

  9. E-mini NASDAQ 100 Futures Mar19 3.72%

  10. E-mini Russell 2000 Index Futures 2.98%


Asset Allocation

Weighting Return Low Return High THMAX % Rank
Stocks
54.38% -18.54% 99.89% 49.15%
Bonds
44.47% -342.57% 261.66% 34.72%
Cash
16.39% -285.07% 453.71% 11.20%
Convertible Bonds
0.21% -0.09% 39.88% 47.75%
Preferred Stocks
0.04% 0.00% 65.70% 57.62%
Other
-15.49% -253.31% 51.84% 99.05%

Stock Sector Breakdown

Weighting Return Low Return High THMAX % Rank
Financial Services
10.47% -0.38% 47.66% 26.01%
Technology
9.50% -9.43% 28.91% 42.47%
Healthcare
7.82% -2.72% 24.64% 31.14%
Industrials
7.13% -0.28% 27.79% 24.43%
Consumer Cyclical
6.39% -10.37% 33.33% 39.87%
Consumer Defense
3.70% -1.62% 18.58% 50.51%
Energy
2.50% -2.23% 32.61% 63.73%
Basic Materials
2.13% -1.52% 21.64% 45.00%
Real Estate
1.83% -3.85% 73.69% 49.62%
Communication Services
1.52% -0.92% 7.52% 50.19%
Utilities
1.28% -0.60% 23.50% 62.09%

Stock Geographic Breakdown

Weighting Return Low Return High THMAX % Rank
US
39.98% -20.21% 124.70% 43.07%
Non US
14.40% -91.46% 98.02% 39.41%

Bond Sector Breakdown

Weighting Return Low Return High THMAX % Rank
Corporate
19.62% 0.00% 93.54% 34.16%
Cash & Equivalents
16.41% -278.69% 455.04% 11.64%
Government
12.63% -203.24% 254.66% 42.50%
Securitized
12.47% 0.00% 43.20% 31.06%
Municipal
0.01% 0.00% 99.76% 59.20%
Derivative
-0.03% -190.53% 70.06% 87.16%

Bond Geographic Breakdown

Weighting Return Low Return High THMAX % Rank
US
41.11% -337.34% 210.96% 31.12%
Non US
3.36% -84.44% 144.19% 55.98%

THMAX - Expenses

Operational Fees

THMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.00% 0.00% 11.64% 48.83%
Management Fee 0.63% 0.00% 2.50% 72.93%
12b-1 Fee 0.25% 0.00% 1.00% 50.40%
Administrative Fee N/A 0.00% 0.83% N/A

Sales Fees

THMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 0.14% 5.75% 83.91%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

THMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.11% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 133.00% 0.00% 6067.00% 87.60%

THMAX - Distributions

Dividend Yield Analysis

THMAX Category Low Category High THMAX % Rank
Dividend Yield 0.02% 0.00% 0.31% 45.48%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

THMAX Category Low Category High THMAX % Rank
Net Income Ratio 1.46% -4.09% 6.99% 59.08%

Capital Gain Distribution Analysis

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

THMAX - Managers

Mark L. Simenstad

Manager

Start Date

Tenure

Tenure Rank

Jun 30, 2005

13.84

13.8%

Mark L. Simenstad, CFA, is Chief Investment Strategist for Thrivent Asset Management and has been with Thrivent since 1999. He was previously vice president of Fixed Income Mutual Funds and Separate Accounts.


David S. Royal

Manager

Start Date

Tenure

Tenure Rank

Jun 30, 2005

13.84

13.8%

Mr. Royal is Chief Investment Officer and has been with Thrivent Financial since 2006.


Darren M. Bagwell

Manager

Start Date

Tenure

Tenure Rank

Apr 29, 2016

3.0

3.0%

Darren M. Bagwell, CFA has been with Thrivent since 2002 in an investment management capacity and currently is a Senior Equity Portfolio Manager.


Stephen D. Lowe

Manager

Start Date

Tenure

Tenure Rank

Apr 29, 2016

3.0

3.0%

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.


David R. Spangler

Manager

Start Date

Tenure

Tenure Rank

Feb 28, 2019

0.17

0.2%

Mr. Spangler has been with Thrivent since 2002. He was director of investment product management from 2002 to 2006. Mr. Spangler has been in an investment management capacity since 2005 and currently is a Senior Portfolio Manager. He was previously vice president of Mutual Funds Product Development at Wells Fargo Funds Management, LLC from 2000 to 2002.


Tenure Analysis

Category Low

0.0

Category High

38.35

Category Average

6.56

Category Mode

6.95