Now leaving ThriventFunds.com

 

You're about to visit a site that is neither owned nor operated by Thrivent Asset Management.

In the interest of protecting your information, we recommend you review the privacy policies at your destination site.

Financial Professional Site Registration

Complete this form to get full access to the entire financial professional site.

By clicking “Register”, you agree to our privacy and security policies and that you are a financial professional.

Access will be granted immediately, but the registration process may take up to 5 business days to complete.

Thank you for registering

You can now enjoy all financial professional content.

If your download does not start automatically, click here.

An error occurred

Please check back later.

Thrivent Dynamic Allocation Fund —
Class A
AABFX
AABFX
Thrivent Dynamic Allocation Fund
Class
Morningstar Rating
Moderately Conservative Allocation
Rating 4
Overall among 426 funds as of
03/31/2025
Morningstar ratings are calculated based on risk-adjusted return.
Risk profile
The risk profile for this fund is Moderate
Target allocation
45% Equity
55% Fixed Income
Inception date
12/29/1997
As of
Public offering price
N/A
Net asset value
-
Daily NAV change
-
As of N/A
YTD return with sales charge
-4.15%
1-year return with sales charge
0.26%
As of 03/31/2025
Net annual fund operating expenses
0.99%
As of
Max sales charge
4.50%
As of

Thrivent Dynamic Allocation Fund seeks long-term total return through a balance between income and the potential for long-term capital growth.

This Fund provides a balanced approach to income and capital appreciation. The Fund is actively managed and invests in a combination of other funds managed by the Adviser and direct investments in equity and debt instruments. Approximately half of the portfolio is invested in equity securities to provide potential growth, while the other half of the portfolio is invested in higher-yielding, higher-risk, fixed income securities to generate income. Investments are diversified across sectors in order to manage risk, potentially provide more stability when interest rates rise, and to provide the opportunity for long-term capital growth and income. Prior to 2/28/2025, the Fund was named Thrivent Balanced Income Plus Fund.

  • Seek a balance of income and the opportunity for long-term growth
  • Have a medium to long-term investment time horizon and a moderate risk tolerance
  • Are able to withstand a moderate level of risk and volatility in pursuit of moderate long-term returns

Connect with a consultant

Find consultants serving regional and national accounts. Or submit a request and one of our consultants will be in touch within one business day.

Find us

Contact us

Fund management

Our seasoned team of more than 140 investment professionals brings their deep expertise to managing each fund so you can feel confident in the choices you’re making. More than 80% have at least 10 years of experience, more than 50% have more than 20 years of investment experience, and more than 80% have earned the Chartered Financial Analyst designation, an advanced degree, or both.

  • Stephen D. Lowe, CFA
    Stephen D. Lowe, CFA
    Senior Vice President & Chief Investment Strategist
    Managing this fund since 2013

    Mr. Lowe joined Thrivent in 1997. He is the Chief Investment Strategist and has served as the portfolio manager of various Thrivent mutual funds since 2009. He has also been a senior portfolio manager of the high yield portion of Thrivent's general account since 2005. Read more.

  • David Spangler, CFA
    David Spangler, CFA
    Vice President, Model & Mixed Portfolios
    Managing this fund since 2019

    Mr. Spangler joined Thrivent in 2002 serving as Director of Thrivent’s Investment Product Management group. Read more.

  • Theron G. Whitehorn, CFA
    Theron G. Whitehorn, CFA
    Senior Portfolio Manager
    Managing this fund since 2021

    Mr. Whitehorn joined Thrivent in 2018 serving as Director of Fixed Income Quantitative Research. Read more.


Performance

All data represents past performance. Past performance does not guarantee future results. Investment return and principal value of the investment will fluctuate so that an investor’s shares, when redeemed may be worth more or less than the original cost. Current performance may be lower or higher than the performance data quoted.


Average Annualized Returns

as of 03/31/2025
0.99% Net annual fund operating expenses
1.03% Total annual fund operating expenses
Thrivent Dynamic Allocation Fund Bloomberg U.S. Mortgage-Backed Securities Index Bloomberg U.S. High Yield Ba/B 2% Issuer Capped Index MSCI World Index - USD Net Returns Morningstar Moderately Conservative Allocation Avg
3M -4.15% 3.06% 1.18% -1.79% 0.73%
YTD -4.15% 3.06% 1.18% -1.79% 0.73%
1Y 0.26% 5.39% 6.69% 7.04% 5.15%
3Y 1.55% 0.55% 4.58% 7.58% 3.01%
5Y 7.96% -0.69% 6.70% 16.13% 6.66%
10Y 4.43% 1.11% 4.82% 9.50% 4.36%

The average annualized returns for the fund reflect the current maximum sales charge of 4.50%.

The Adviser has contractually agreed, for a period of one year from the date of the most recent prospectus, to waive certain fees and/or reimburse certain expenses associated with the Fund. If not waived, returns would have been lower. Refer to the Fees & Expenses table in the prospectus.

See data by:


Growth of 10K

as of 03/31/2025
$16,146
Total market value
$5,705
Current value of reinvested dividends and capital gains

Calendar year performance

as of 03/31/2025

Characteristics

All data represents past performance. Past performance does not guarantee future results. Investment return and principal value of the investment will fluctuate so that an investor’s shares, when redeemed may be worth more or less than the original cost. Current performance may be lower or higher than the performance data quoted.


Holdings breakdown

as of 03/31/2025
Total number of holdings
2008
Turnover ratio (as of 02/28/2025)
68%
80.26%
U.S.
19.74%
Non-U.S.

Top 10 Holdings

as of 02/28/2025
19.46%
of all holdings
N/A
N/A
Security name % of total assets Maturity Coupon rate
Thrivent Core International Equity Fund 6.61%
Thrivent Core Emerging Markets Debt Fund 4.96%
Microsoft Corporation 1.16%
NVIDIA Corporation 1.15%
Apple, Inc. 1.14%
U.S. Treasury Bonds 0.92% 08/15/2042 3.38%
Federal National Mortgage Association Conventional 30-Yr. Pass Through 0.90% 03/01/2055 5.50%
Amazon.com, Inc. 0.89%
Meta Platforms, Inc. 0.89%
U.S. Treasury Notes 0.84% 07/31/2028 4.13%

Fund Diversification

as of 03/31/2025
N/A
N/A
  • Large Cap Equity
    21.38%
  • Mid Cap Equity
    8.67%
  • Small Cap Equity
    .82%
  • International Equity
    10.16%
  • High Yield Bonds
    6.79%
  • Leveraged Loans
    .05%
  • Investment-Grade Corporates
    9.36%
  • Securitized Debt
    26.76%
  • U.S. Government Bonds
    7.04%
  • International Government Bonds
    4.94%
  • Flexible Income
    3.92%
  • Cash
    .11%

Equity characteristics

as of 03/31/2025
41.03%
of all holdings
P/E Ratio Return on Equity
Thrivent Dynamic Allocation Fund 20.55 17.09%
S&P 500® Index 24.00 26.00%

Fixed Income characteristics

as of 03/31/2025
58.97%
of fund
Duration Average Life
Thrivent Dynamic Allocation Fund 5.66 7.98
Bloomberg U.S. Aggregate Bond Index 6.09 8.38

Credit quality rating distribution

as of 03/31/2025
N/A
N/A
Bond type
% of total
  • High Quality (HQ) Bonds
    66.16%
  • U.S. Government Guaranteed
    10.99%
  • AAA
    1.59%
  • AA
    28.92%
  • A
    9.25%
  • BBB
    15.41%
Bond type
% of total
  • High Yield (HY) Bonds
    17.60%
  • BB
    8.74%
  • B
    7.01%
  • CCC
    1.52%
  • CC
    0.29%
  • C
    0.02%
  • D
    0.02%
  • Non-Rated (NR) Bonds
    15.24%
  • May be HQ/HY/NR Bonds
    1.02%
  • ETFs/Closed-End Funds
    1.02%

Beta

as of 03/31/2025
AABFX
0.56
R2=90%
Lower than benchmark
S&P 500 1.0
Higher than benchmark

Volatility

as of 03/31/2025
Standard deviation Average annualized returns (without sales charge)
Thrivent Dynamic Allocation Fund 10.26 3.12
S&P 500® Index 17.31 9.06
Bloomberg U.S. Aggregate Bond Index 7.73 0.52

Ratings


Morningstar

as of 03/31/2025
Category: Moderately Conservative Allocation
Morningstar Information
Check out our funds that received 4- or 5-Star Overall Morningstar RatingTM
Funds in category
Overall
4 out of five stars
426
funds in category
3-Year
3 out of five stars
426
funds in category
5-Year
5 out of five stars
390
funds in category
10-Year
3 out of five stars
289
funds in category
Risk vs. category
Above Average
426
funds in category
Return vs. category
Above Average
426
funds in category

Morningstar ratings are calculated based on risk-adjusted return.

equity style is large blend
Equity Style Map

Distributions

as of 03/31/2025
Dividends Month End Nav Month End Pop
April 2024 $0.0000 $13.28 $13.91
May 2024 $0.0000 $13.63 $14.27
June 2024 $0.0925 $13.69 $14.34
July 2024 $0.0000 $13.97 $14.63
August 2024 $0.0000 $14.22 $14.89
September 2024 $0.0933 $14.34 $15.02
October 2024 $0.0000 $14.07 $14.73
November 2024 $0.0000 $14.43 $15.11
December 2024 $0.1238 $13.75 $14.40
January 2025 $0.0000 $13.99 $14.65
February 2025 $0.0000 $14.05 $14.71
March 2025 $0.0919 $13.71 $14.36

Trailing 12-Months; Dividend Schedule: Paid Quarterly


Capital gains - trailing 12 months

as of 03/31/2025
Record date Short term capital gains Long term capital gains Total
12/11/2024 - $0.2468 $0.2468

Expenses, fees, and charges

Management Fees and Other Expenses 0.78%
Distribution/12b-1 Fee 0.25%
Total Annual Fund Operating Expenses 1.03%
Less Waiver (0.04%)
Net Annual Fund Operating Expenses 0.99%
Redemption Fee None
Transaction Fee None
Low Balance Fee $10 semiannually
Front-End Sales Charge Max 4.50%
Back-End Sales Charge None

The Adviser has contractually agreed, for a period of one year from the date of the most recent prospectus, to waive certain fees and/or reimburse certain expenses associated with the Fund. If not waived, returns would have been lower. Refer to the Fees & Expenses table in the prospectus.


Minimum investment

Initial for non-retirement accounts $2,000
Initial for retirement or tax deferred accounts $1,000
Additional Purchases $50
Initial minimums are waived when a recurring investment of $50 or more is set up

Documents

Title Download View
Prospectus & Fund Documents -
Fund Facts -
Sales Profile -
Schedule of Investments -
Proxy Voting Record -

Due to rounding, some values may not total 100%. Effective 2/28/2025, certain cash-designated holdings (e.g., futures) were reallocated to their asset classes due to a data source change.

Asset Management for Financial Professionals


Thrivent Logo