XCLIX: Thrivent Church Loan and Income S

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XCLIX Thrivent Church Loan and Income S


Profile

XCLIX - Profile

Vitals

  • YTD Return 0.2%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $N/A
  • Holdings in Top 10 N/A

52 WEEK LOW AND HIGH

$10.58
$10.19
$10.90

Expenses

OPERATING RELATED FEES

  • Expense Ratio N/A

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,000
  • IRA $1,000

Fund Classification

  • Primary Caregory
  • Fund Type Closed-end mutual fund
  • Investment Style Long-Term Bond

Distributions

  • YTD Total Return 0.2%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Thrivent Church Loan and Income Fund
  • Fund Family Name
    Thrivent Funds
  • Inception Date
    Sep 28, 2018
  • Shares Outstanding
    N/A
  • Share Class
    S
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Frederick Johnson

Fund Description

The fund will pursue its investment objective by investing in mortgage loans issued to U.S. non-profit organizations that have a stated Christian mission, including local churches, denominations and associations, educational institutions, and other Christian mission-related organizations. Under normal market conditions, the fund will invest at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in Church Loans and other debt securities. It is non-diversified.


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Categories

Performance

XCLIX - Performance

Return Ranking - Trailing

Period XCLIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -6.7% 5.5% 53.33%
1 Yr 3.2% -4.1% 14.9% 68.75%
3 Yr N/A* -1.4% 5.6% N/A
5 Yr N/A* -7.3% 1.9% N/A
10 Yr N/A* -6.5% 3.3% N/A

* Annualized

Return Ranking - Calendar

Period XCLIX Return Category Return Low Category Return High Rank in Category (%)
2019 6.0% 0.0% 18.4% 80.00%
2018 N/A -11.7% 3.0% N/A
2017 N/A 1.3% 8.0% N/A
2016 N/A -32.2% 5.6% N/A
2015 N/A -16.2% 1.5% N/A

Total Return Ranking - Trailing

Period XCLIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -6.7% 5.5% 53.33%
1 Yr 3.2% -4.1% 14.9% 68.75%
3 Yr N/A* -1.4% 5.6% N/A
5 Yr N/A* -7.3% 1.9% N/A
10 Yr N/A* -6.5% 3.3% N/A

* Annualized

Total Return Ranking - Calendar

Period XCLIX Return Category Return Low Category Return High Rank in Category (%)
2019 6.0% 0.0% 18.4% 80.00%
2018 N/A -11.7% 3.0% N/A
2017 N/A 1.3% 8.0% N/A
2016 N/A -32.2% 5.6% N/A
2015 N/A -16.2% 1.5% N/A

NAV & Total Return History


Holdings

XCLIX - Holdings

Concentration Analysis

XCLIX Category Low Category High XCLIX % Rank
Net Assets N/A 37.4 M 13.6 B N/A
Number of Holdings N/A 147 2350 N/A
Net Assets in Top 10 N/A -670 M 2.55 B N/A
Weighting of Top 10 N/A 12.6% 64.7% N/A

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High XCLIX % Rank
Stocks
0.00% 0.00% 8.60% N/A
Preferred Stocks
0.00% 0.00% 13.10% N/A
Other
0.00% -0.44% 20.34% N/A
Convertible Bonds
0.00% 0.00% 3.99% N/A
Cash
0.00% -60.67% 5.22% N/A
Bonds
0.00% 73.09% 156.34% N/A

Expenses

XCLIX - Expenses

Operational Fees

XCLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A 0.04% 2.12% N/A
Management Fee 1.10% 0.04% 1.10% 100.00%
12b-1 Fee N/A 0.25% 1.00% N/A
Administrative Fee N/A 0.08% 0.40% N/A

Sales Fees

XCLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.25% 4.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

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

XCLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 3.00% 189.00% N/A

Distributions

XCLIX - Distributions

Dividend Yield Analysis

XCLIX Category Low Category High XCLIX % Rank
Dividend Yield 0.00% 0.00% 1.09% 62.50%

Dividend Distribution Analysis

XCLIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

XCLIX Category Low Category High XCLIX % Rank
Net Income Ratio N/A 2.69% 4.49% N/A

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

XCLIX - Fund Manager Analysis

Managers

Frederick Johnson


Start Date

Tenure

Tenure Rank

Sep 28, 2018

1.42

1.4%

Mr. Johnson has been an employee of Thrivent Financial for more than 30 years, holding leadership roles in the mutual fund transfer agent/broker dealer from 1987-1994 and serving as Vice President of Investment Operations from 1995-2004.

Meg Spangler


Start Date

Tenure

Tenure Rank

Sep 28, 2018

1.42

1.4%

Meg G. Spangler has served as the Associate Portfolio Manager for Thrivent Financial’s church loan portfolio since 2004. She also recently served as Director of Thrivent’s Commercial Loan Servicing department, managing the ongoing servicing needs of over 2,500 loans. Ms. Spangler has actively worked with all aspects of church and commercial lending including underwriting loan closing and servicing.

Gregory Anderson


Start Date

Tenure

Tenure Rank

Sep 28, 2018

1.42

1.4%

Anderson has been with Thrivent Financial since 1997 and has served as a portfolio manager since 2000. 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
1.42 12.59 7.1 4.0