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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.
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| 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
| 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% |
| 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
| 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% |
| 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% |
| 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% |
| 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% |
| 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% |
| 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% |
| 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 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 |
| 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 |
| 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 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 | Category Low | Category High | THMAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.02% | 0.00% | 0.31% | 45.48% |
| THMAX | Category Low | Category High | Category Mode | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Monthly | Quarterly |
| Date | Amount |
|---|---|
| Mar 29, 2019 | $0.041 |
| Dec 31, 2018 | $0.122 |
| Jun 29, 2018 | $0.044 |
| Mar 29, 2018 | $0.033 |
| Dec 29, 2017 | $0.095 |
| Sep 29, 2017 | $0.034 |
| Jun 30, 2017 | $0.033 |
| Mar 31, 2017 | $0.030 |
| Dec 30, 2016 | $0.071 |
| Sep 30, 2016 | $0.030 |
| Jun 30, 2016 | $0.033 |
| Mar 31, 2016 | $0.029 |
| Dec 31, 2015 | $0.060 |
| Sep 30, 2015 | $0.031 |
| Jun 30, 2015 | $0.028 |
| Mar 31, 2015 | $0.025 |
| Dec 30, 2014 | $0.094 |
| Sep 30, 2014 | $0.030 |
| Jun 30, 2014 | $0.030 |
| Mar 31, 2014 | $0.031 |
| Dec 31, 2013 | $0.106 |
| Sep 30, 2013 | $0.036 |
| Jun 28, 2013 | $0.027 |
| Mar 28, 2013 | $0.020 |
| Dec 31, 2012 | $0.107 |
| Sep 28, 2012 | $0.030 |
| Jun 29, 2012 | $0.031 |
| Mar 30, 2012 | $0.037 |
| Dec 30, 2011 | $0.068 |
| Sep 30, 2011 | $0.051 |
| Jun 30, 2011 | $0.041 |
| Mar 31, 2011 | $0.042 |
| Dec 31, 2010 | $0.085 |
| Sep 30, 2010 | $0.051 |
| Jun 30, 2010 | $0.047 |
| Mar 31, 2010 | $0.042 |
| Dec 31, 2009 | $0.081 |
| Sep 30, 2009 | $0.044 |
| Jun 30, 2009 | $0.048 |
| Mar 31, 2009 | $0.050 |
| Dec 31, 2008 | $0.122 |
| Sep 30, 2008 | $0.052 |
| Jun 30, 2008 | $0.050 |
| Mar 31, 2008 | $0.050 |
| Dec 31, 2007 | $0.255 |
| Sep 28, 2007 | $0.050 |
| Jun 29, 2007 | $0.049 |
| Mar 30, 2007 | $0.058 |
| Dec 29, 2006 | $0.180 |
| Sep 29, 2006 | $0.054 |
| Jun 30, 2006 | $0.051 |
| Mar 31, 2006 | $0.043 |
| Sep 30, 2005 | $0.016 |
| THMAX | Category Low | Category High | THMAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.46% | -4.09% | 6.99% | 59.08% |
| THMAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
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.
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.
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.
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.
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
MUTUAL FUND EDUCATION
MUTUAL FUND EDUCATION
