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TWAAX Thrivent Partner Worldwide Allocation A

  • Fund
  • TWAAX
  • Price as of: May 14, 2019
  • $9.65 + $0.07 + 0.73%
  • Category
  • Global Allocation

TWAAX - Profile

Vitals

  • YTD Return 8.5%
  • 3 Yr Annualized Return 1.7%
  • 5 Yr Annualized Return -1.6%
  • Net Assets $875 M
  • Holdings in Top 10 18.8%

52 WEEK LOW AND HIGH

$9.65
$8.81
$11.25

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.47%

SALES FEES

  • Front Load 4.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 75.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,000

IRA

$1,000

Investment Themes

CATEGORY

Global Allocation
  • Fund Type Open End Mutual Fund
  • Investment Style Foreign Large Blend

Distributions

  • YTD Total Return 8.5%
  • 3 Yr Annualized Total Return 1.7%
  • 5 Yr Annualized Total Return -1.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.73%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Thrivent International Allocation Fund
  • Fund Family Name Thrivent Funds
  • Inception Date Feb 29, 2008
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Len Ioffe

Fund Description

The fund seeks to achieve its objective by investing primarily in equity securities of issuers throughout the world. It seeks to diversify its portfolio broadly among developed and emerging countries and among multiple asset classes. Under normal market conditions, the fund invests at least 40% of its net assets in foreign assets. If market conditions are not deemed favorable by the fund's investment adviser, the fund could invest a lower percentage, but at least 30% of its net assets in foreign assets.

TWAAX - Performance

Return Ranking - Trailing

Period TWAAX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.5% -5.7% 11.3% 20.69%
1 Yr -14.1% -26.6% 5.3% 96.53%
3 Yr 1.7%* -3.1% 48.2% 54.26%
5 Yr -1.6%* -8.3% 21.0% 63.55%
10 Yr 4.5%* 0.2% 14.4% 27.08%

* Annualized


Return Ranking - Calendar

Period TWAAX Return Category Return Low Category Return High Rank in Category (%)
2018 -20.2% -32.0% 3.8% 95.90%
2017 19.0% -5.0% 26.2% 2.84%
2016 0.9% -9.5% 210.7% 83.91%
2015 -3.0% -21.2% -0.3% 17.03%
2014 -6.8% -21.3% 16.3% 82.77%

Total Return Ranking - Trailing

Period TWAAX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.5% -5.7% 11.3% 20.69%
1 Yr -14.1% -26.6% 6.1% 97.48%
3 Yr 1.7%* -3.1% 55.0% 84.54%
5 Yr -1.6%* -8.3% 30.6% 92.58%
10 Yr 4.5%* 0.5% 19.0% 81.25%

* Annualized


Total Return Ranking - Calendar

Period TWAAX Return Category Return Low Category Return High Rank in Category (%)
2018 -20.2% -32.0% 3.8% 97.48%
2017 19.0% -3.7% 29.6% 10.09%
2016 0.9% -9.5% 233.7% 88.33%
2015 -3.0% -20.2% 6.6% 46.06%
2014 -6.8% -21.3% 17.1% 94.59%

NAV & Total Return History

TWAAX - Holdings

Concentration Analysis

TWAAX Category Low Category High TWAAX % Rank
Net Assets 875 M 8.8 M 104 B 42.01%
Number of Holdings 1156 2 3633 18.50%
Net Assets in Top 10 59.6 M -69.1 M 17.8 B 74.29%
Weighting of Top 10 18.81% 0.0% 895.1% 77.43%

Top 10 Holdings

  1. mini MSCI EAFE Index Futures Mar19 4.99%

  2. mini MSCI Emerging Markets Index Futures Mar19 4.73%

  3. Roche Holding AG Dividend Right Cert. 1.73%

  4. Novartis AG 1.36%

  5. Nestle SA 1.16%

  6. 90 Day Eurodollar Future Dec19 1.15%

  7. Novo Nordisk A/S B 1.02%

  8. Tencent Holdings Ltd 0.93%

  9. Royal Dutch Shell PLC B 0.91%

  10. Samsung Electronics Co Ltd Participating Preferred 0.85%


Asset Allocation

Weighting Return Low Return High TWAAX % Rank
Stocks
88.40% 0.00% 259.25% 6.27%
Bonds
9.38% -234.98% 117.30% 87.77%
Cash
2.67% -88.21% 98.17% 76.80%
Convertible Bonds
0.02% 0.00% 13.02% 63.01%
Preferred Stocks
0.00% 0.00% 17.45% 75.55%
Other
-0.47% -1.05% 40.16% 97.81%

Stock Sector Breakdown

Weighting Return Low Return High TWAAX % Rank
Financial Services
13.89% 0.00% 38.98% 11.08%
Consumer Cyclical
13.01% -1.09% 25.91% 4.11%
Technology
11.40% -2.13% 44.06% 18.99%
Consumer Defense
10.93% -0.58% 18.16% 4.43%
Industrials
10.75% -0.35% 18.58% 4.75%
Healthcare
8.95% -1.73% 20.86% 22.47%
Basic Materials
7.74% -1.03% 15.55% 3.80%
Real Estate
3.83% -0.42% 32.59% 32.91%
Energy
3.77% 0.00% 17.54% 48.42%
Communication Services
2.19% 0.00% 14.83% 32.91%
Utilities
1.68% -0.84% 19.70% 56.01%

Stock Geographic Breakdown

Weighting Return Low Return High TWAAX % Rank
Non US
87.28% -23.73% 159.65% 2.82%
US
1.12% -9.56% 99.60% 91.85%

TWAAX - Expenses

Operational Fees

TWAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.47% 0.01% 11.20% 31.66%
Management Fee 0.82% 0.00% 1.56% 82.45%
12b-1 Fee 0.25% 0.00% 1.00% 23.33%
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

TWAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 0.15% 5.75% 73.53%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

TWAAX 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.

TWAAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 75.00% 0.00% 494.00% 73.97%

TWAAX - Distributions

Dividend Yield Analysis

TWAAX Category Low Category High TWAAX % Rank
Dividend Yield 0.02% 0.00% 1.13% 46.08%

Dividend Distribution Analysis

TWAAX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

TWAAX Category Low Category High TWAAX % Rank
Net Income Ratio 1.73% -1.57% 5.11% 42.95%

Capital Gain Distribution Analysis

TWAAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

TWAAX - Managers

Len Ioffe

Manager

Start Date

Tenure

Tenure Rank

Sep 25, 2013

5.6

5.6%

Senior Portfolio Managers oversee all aspects of their product areas from research to implementation and are ultimately responsible for supervising and monitoring the process, implementation, and controls. They are supported by teams throughout the functional areas.


Osman Ali

Manager

Start Date

Tenure

Tenure Rank

Sep 25, 2013

5.6

5.6%

Senior Portfolio Managers oversee all aspects of their product areas from research to implementation and are ultimately responsible for supervising and monitoring the process, implementation, and controls. They are supported by teams throughout the functional areas.


Takashi Suwabe

Manager

Start Date

Tenure

Tenure Rank

Sep 25, 2013

5.6

5.6%

Please reach out to Product Team for additional information regarding portfolio managers.


Noah J. Monsen

Manager

Start Date

Tenure

Tenure Rank

Feb 29, 2016

3.17

3.2%

Mr. Monsen has been with Thrivent Financial since 2000 and has served in an investment management capacity since 2008.


Brian W. Bomgren

Manager

Start Date

Tenure

Tenure Rank

Feb 29, 2016

3.17

3.2%

Mr. Bomgren has been with Thrivent Financial since 2006 and is currently a Senior Equity Portfolio Manager.


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.


Darren M. Bagwell

Manager

Start Date

Tenure

Tenure Rank

Feb 28, 2019

0.17

0.2%

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


Tenure Analysis

Category Low

0.0

Category High

27.35

Category Average

6.05

Category Mode

6.33