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 Moderate Allocation Fund —
Class S
TMAIX
TMAIX
Thrivent Moderate Allocation Fund
Class
S
A
Risk profile
Conservative Aggressive
Target allocation
57% Equity
43% Fixed Income
Inception date
6/30/2005
As of
Net asset value
N/A
Daily NAV change
$N/A
As of N/A
YTD return
11.44%
1-year return
23.07%
As of 10/29/2021
Net annual fund operating expenses
0.81%
As of
Sales charge
None
As of

Thrivent Moderate Allocation Fund seeks long-term capital growth while providing reasonable stability of principal.

This fund is the “mid-point” risk option among Thrivent Mutual Funds’ Asset Allocation Funds. It’s designed for investors with a medium to long-term time horizon and a moderate risk tolerance. The Fund is globally diversified across all major equity and fixed income sectors. It’s actively managed, investing in other funds managed by the Adviser or an affiliate and direct investments in stocks, bonds, and derivatives.

The Fund may be suitable for investors who:

  • Seek long-term growth and reasonable stability of principal
  • 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
Fund management

Our seasoned team of more than 125 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, over 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.

  • David S. Royal
    David S. Royal
    Chief Investment Officer
    Managing this fund since 2018

    Mr. Royal joined Thrivent in 2006. He is the President and Chief Investment Officer of Thrivent Mutual Funds. Read more.

  • Stephen D. Lowe, CFA
    Stephen D. Lowe, CFA
    Chief Investment Strategist
    Managing this fund since 2016

    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
    Head of Mixed Assets and Market Strategies
    Managing this fund since 2019

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


Performance

Performance data cited represents past performance and should not be viewed as an indication of 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 10/29/2021
0.81% Net annual fund operating expenses
0.99% Total annual fund operating expenses

The Adviser has contractually agreed, for as long as the current fee structure is in place, to waive certain investment advisory fees associated with the Fund. Refer to the Fees & Expenses table in the Fund’s prospectus for details.

See data by:

Growth of 10K

as of 10/29/2021
Data in this section is based on month-end
$23,625
Total market value
(assumes the reinvestment of all dividends and capital gains)
$7,983
Current value of reinvested dividends and capital gains

Calendar year performance

as of 10/29/2021

Characteristics

Performance data cited represents past performance and should not be viewed as an indication of 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 10/29/2021
Total number of holdings
2101
Turnover ratio (as of 09/30/2021)
124%
83.75%
U.S.
16.25%
Non-U.S.

Top 10 Holdings

as of 09/30/2021
40.10%
of all holdings
N/A
N/A
Security name % of total assets Maturity Coupon rate
Thrivent Large Cap Growth Fund, Class S 8.70%
Thrivent Large Cap Value Fund, Class S 7.58%
Thrivent Mid Cap Stock Fund, Class S 4.84%
Thrivent International Allocation Fund, Class S 4.45%
Thrivent Income Fund, Class S 3.88%
Thrivent Core Low Volatility Equity Fund 2.49%
Thrivent Core Emerging Markets Debt Fund 2.25%
Thrivent Global Stock Fund, Class S 2.07%
Thrivent Limited Maturity Bond Fund, Class S 1.97%
Federal National Mortgage Association Conventional 30-Yr. Pass Through 1.87% 11/01/2051 2.0%

Fund Diversification

as of 09/30/2021
N/A
N/A
  • Large Cap Equity
    28.87%
  • Mid Cap Equity
    9.58%
  • Small Cap Equity
    7.21%
  • International Equity
    11.83%
  • High Yield Bonds
    4.95%
  • Leveraged Loans
    1.58%
  • Investment-Grade Corporates
    9.20%
  • Securitized Debt
    11.09%
  • U.S. Government Bonds
    8.75%
  • International Government Bonds
    2.00%
  • Flexible Income
    .42%
  • Cash
    4.52%

Equity characteristics

as of 10/29/2021
58.60%
of all holdings
P/E Ratio Return on Equity
Thrivent Moderate Allocation Fund 22.60 14.60%
S&P 500 24.85 23.48%

Fixed Income characteristics

as of 10/29/2021
41.40%
of fund
Duration Average Life
Thrivent Moderate Allocation Fund 5.80 7.60
Barclays U.S. Aggregate Bond Index 6.50 8.54

Credit quality rating distribution

as of 10/29/2021
N/A
N/A
Bond type
% of total
  • High Quality (HQ) Bonds
    74.26%
  • Cash
    1.05%
  • U.S. Government Guaranteed
    41.88%
  • AAA
    1.96%
  • AA
    2.36%
  • A
    7.07%
  • BBB
    19.94%
Bond type
% of total
  • High Yield (HY) Bonds
    19.74%
  • BB
    9.75%
  • B
    8.53%
  • CCC
    1.31%
  • CC
    .01%
  • C
    .12%
  • D
    .02%
  • Non-Rated (NR) Bonds
    4.76%
  • May be HQ/HY/NR Bonds
    1.23%
  • ETFs/Closed-End Funds
    1.23%

Beta

as of 10/29/2021
TMAIX (this fund)
0.58
R2=96%
Lower than benchmark
S&P 500 1.0
Higher than benchmark

Volatility

as of 10/29/2021
Depending on the fund inception date, some data may not be available.
Standard deviation Average annualized returns
Thrivent Moderate Allocation Fund 11.00 13.13
S&P 500® Index 18.43 21.48
Bloomberg Barclays U.S. Aggregate Bond Index 3.46 5.63

Ratings


Morningstar

as of 10/29/2021
Category: Allocation--50% to 70% Equity
Morningstar Information
Funds in category
Overall
669
3-Year
669
5-Year
601
10-Year
431
Risk vs. category
Below Average
669
Return vs. category
Average
669

Morningstar ratings are calculated based on risk-adjusted return.

Fixed income style box
Hi
Med
Low
QUALITY
Limited
Moderate
Extensive
SENSITIVITY
Equity Style Map
Large
Mid
Small
Value
Blend
Growth
Weighted average of holdings
75% of fund's stock holdings

Distributions

as of 10/29/2021
Dividends Month End Nav
November 2020 $0.0000 $15.42
December 2020 $0.0875 $15.29
January 2021 $0.0000 $15.15
February 2021 $0.0000 $15.41
March 2021 $0.0285 $15.53
April 2021 $0.0000 $16.07
May 2021 $0.0000 $16.17
June 2021 $0.0328 $16.33
July 2021 $0.0000 $16.59
August 2021 $0.0000 $16.84
September 2021 $0.0322 $16.36
October 2021 $0.0000 $16.94

Trailing 12-Months; Dividend Schedule: Paid Quarterly.


Capital gains - trailing 12 months

as of 10/29/2021
Record date Short term capital gains Long term capital gains Total
12/09/2020 $0.1001 $0.3419 $0.4421

Expenses, fees, and charges

Management Fees and Other Expenses 0.99%
Distribution/12b-1 Fee None
Total Annual Fund Operating Expenses 0.99%
Less Waiver (0.18%)
Net Annual Fund Operating Expenses 0.81%
Redemption Fee None
Transaction Fee None
Low Balance Fee $10 semiannually
Front-End Sales Charge None
Back-End Sales Charge None

The Adviser has contractually agreed, for as long as the current fee structure is in place, to waive certain investment advisory fees associated with the Fund. Refer to the Fees & Expenses table in the Fund’s prospectus for details.


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 -
Fund Commentary -
Sales Profile -
Schedule of Investment -
Annual Proxy Voting -

Due to rounding, some values may not total 100%.

Strategy

The Fund has a long-term target allocation of 57% equity securities and 43% fixed income. The Fund’s asset allocation strategy starts with the construction of a model that sets the long-term target allocations for the broad asset classes of equity and fixed income. Next, the target weightings for sub-classes are determined. Equity sub-classes are often based on market capitalization (large, mid, and small), investment style (such as growth and value), economic sector and world region. The Fund may invest in emerging markets. Fixed income sub-classes may be based on maturity, duration, credit quality and security type. The portfolio management team actively manages the Fund with overweight and underweight positions in the various sub-classes based on their views of the market and economy. Individual stocks and bonds are analyzed and selected on an ongoing basis. The Fund is regularly rebalanced to ensure that the holdings are within appropriate ranges.

Risk

The Fund invests in other funds managed by the Adviser or an affiliate and in directly-held equity and debt instruments. The Fund is dependent upon the performance of the other funds and is subject to the risks and additional fees and expenses of the other funds. The Fund’s value is influenced by a number of factors, including the performance of the broader market, the effectiveness of the Adviser’s allocation strategy, and risks specific to the Fund’s asset classes, market cap groups, investment styles, and issuers. Foreign investments involve additional risks, such as currency fluctuations and political, economic and market instability, which may be magnified for investments in emerging markets. The London Interbank Offered Rate (LIBOR) is being phased out, which brings uncertainty to instruments tied to it. Markets may also be impacted by domestic or global events, including public health threats, terrorism, natural disasters or similar events. Debt securities are subject to risks such as declining prices during periods of rising interest rates and credit risk, or the risk that an issuer not pay its debt. High yield securities are subject to increased credit risk as well as liquidity risk. The Adviser's assessment of investments may prove incorrect, resulting in losses or poor performance. The Adviser is also subject to actual or potential conflicts of interest. The use of quantitative investing techniques and derivatives such as futures also involve risks. The Fund may engage in active and frequent trading of portfolio securities, which may result in higher transaction costs and higher taxes. These and other risks are described in the prospectus.