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Thrivent Moderately Aggressive Allocation Fund —
Class S
TMAFX
TMAFX
Thrivent Moderately Aggressive Allocation Fund
Class
Morningstar Rating
Moderately Aggressive Allocation
Overall among 302 funds as of
01/31/2024
Morningstar ratings are calculated based on risk-adjusted return.
Risk profile
Conservative Aggressive
Target allocation
80% Equity
20% Fixed Income
Inception date
6/30/2005
As of
Net asset value
-
Daily NAV change
-
As of N/A
YTD return
0.62%
1-year return
10.76%
As of 01/31/2024
Net annual fund operating expenses
0.89%
As of
Sales charge
None
As of
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Thrivent Moderately Aggressive Allocation Fund seeks long-term capital growth.

This Fund, the second-most aggressive option in Thrivent's suite of Asset Allocation Funds, is designed for investors with a long-term time horizon and moderately high risk tolerance. The Fund is globally diversified across major equity and fixed income sectors and styles. 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.

The Fund may be suitable for investors who:

  • Seek long-term growth
  • Have a long-term investment time horizon and a moderately aggressive risk tolerance
  • Are able to withstand a moderately high level of risk and volatility in pursuit of moderately high long-term returns
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.

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

    Mr. Royal joined Thrivent in 2006. He is the Chief Financial Officer and Chief Investment Officer at Thrivent. 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

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 01/31/2024
0.89% Net annual fund operating expenses
1.12% Total annual fund operating expenses
Thrivent Moderately Aggressive Allocation Fund S&P 500® Index Bloomberg U.S. Aggregate Bond Index MSCI ACWI ex-USA - USD Net Returns Morningstar Moderately Aggressive Allocation Avg
3M 13.75% 16.01% 8.23% 13.34% 12.73%
YTD 0.62% 1.68% -0.27% -0.99% 0.30%
1Y 10.76% 20.82% 2.10% 5.88% 9.36%
3Y 4.47% 10.99% -3.17% 1.14% 4.61%
5Y 7.99% 14.30% 0.83% 5.32% 7.81%
10Y 7.34% 12.62% 1.63% 4.21% 6.90%

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. 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 01/31/2024
$20,305
Total market value
$8,103
Current value of reinvested dividends and capital gains

Calendar year performance

as of 01/31/2024

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 01/31/2024
Total number of holdings
2084
Turnover ratio (as of 12/29/2023)
31%
84.30%
U.S.
15.70%
Non-U.S.

Top 10 Holdings

as of 12/29/2023
46.94%
of all holdings
N/A
N/A
Security name % of total assets
Thrivent Large Cap Growth Fund, Class S 10.26%
Thrivent Large Cap Value Fund, Class S 9.27%
Thrivent International Allocation Fund, Class S 6.90%
Thrivent Mid Cap Stock Fund, Class S 6.70%
Thrivent Global Stock Fund, Class S 4.95%
Thrivent Core International Equity Fund 1.99%
Thrivent Small Cap Stock Fund, Class S 1.83%
Thrivent Income Fund, Class S 1.77%
Thrivent Core Small Cap Value Fund 1.64%
Thrivent Core Emerging Markets Equity Fund 1.63%

Fund Diversification

as of 12/29/2023
N/A
N/A
  • Large Cap Equity
    38.47%
  • Mid Cap Equity
    17.50%
  • Small Cap Equity
    5.25%
  • International Equity
    14.03%
  • Private Equity
    .35%
  • High Yield Bonds
    1.65%
  • Leveraged Loans
    .02%
  • Investment-Grade Corporates
    3.71%
  • Securitized Debt
    4.20%
  • U.S. Government Bonds
    3.29%
  • International Government Bonds
    .73%
  • Flexible Income
    .09%
  • Cash
    10.71%

Equity characteristics

as of 01/31/2024
75.76%
of all holdings
P/E Ratio Return on Equity
Thrivent Moderately Aggressive Allocation Fund 19.08 16.29%
S&P 500® Index 24.10 24.63%

Fixed Income characteristics

as of 01/31/2024
24.24%
of fund
Duration Average Life
Thrivent Moderately Aggressive Allocation Fund 5.83 7.83
Bloomberg U.S. Aggregate Bond Index 6.17 8.68

Credit quality rating distribution

as of 01/31/2024
N/A
N/A
Bond type
% of total
  • High Quality (HQ) Bonds
    81.67%
  • Cash
    .99%
  • U.S. Government Guaranteed
    48.62%
  • AAA
    1.88%
  • AA
    1.98%
  • A
    9.37%
  • BBB
    18.83%
Bond type
% of total
  • High Yield (HY) Bonds
    14.99%
  • BB
    7.17%
  • B
    6.13%
  • CCC
    1.36%
  • CC
    .04%
  • C
    .15%
  • D
    .14%
  • Non-Rated (NR) Bonds
    2.66%
  • May be HQ/HY/NR Bonds
    .68%
  • ETFs/Closed-End Funds
    .68%

Beta

as of 01/31/2024
TMAFX
0.81
R2=46%
Lower than benchmark
S&P 500 1.0
Higher than benchmark

Volatility

as of 01/31/2024
Standard deviation Average annualized returns
Thrivent Moderately Aggressive Allocation Fund 14.53 4.47
S&P 500® Index 17.51 10.99
Bloomberg U.S. Aggregate Bond Index 7.04 -3.17

Ratings


Morningstar

as of 01/31/2024
Category: Moderately Aggressive Allocation
Morningstar Information
Check out our funds that received 4- or 5-Star Overall Morningstar RatingTM
Funds in category
Overall
302
3-Year
302
5-Year
277
10-Year
220
Risk vs. category
Below Average
302
Return vs. category
Average
302

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 01/31/2024
Dividends Month End Nav
February 2023 $0.0000 $14.84
March 2023 $0.0000 $15.04
April 2023 $0.0000 $15.15
May 2023 $0.0000 $14.92
June 2023 $0.0000 $15.73
July 2023 $0.0000 $16.19
August 2023 $0.0000 $15.84
September 2023 $0.0000 $15.26
October 2023 $0.0000 $14.81
November 2023 $0.0000 $15.94
December 2023 $0.2881 $16.14
January 2024 $0.0000 $16.24

Trailing 12-Months; Dividend Schedule: Paid Annually


Capital gains - trailing 12 months

as of 01/31/2024
Record date Short term capital gains Long term capital gains Total
12/13/2023 - $0.3113 $0.3113

Expenses, fees, and charges

Management Fees and Other Expenses 1.12%
Distribution/12b-1 Fee None
Total Annual Fund Operating Expenses 1.12%
Less Waiver (0.23%)
Net Annual Fund Operating Expenses 0.89%
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. 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 -
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 80% equity securities and 20% 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), and economic sector. Fixed income sub-classes may be based on maturity, duration, security type, or credit rating. The Fund may invest in foreign securities, including emerging markets. 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’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. The Adviser is also subject to actual or potential conflicts of interest. 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 may not pay its debt. The use of derivatives (such as futures) involves additional risks and transaction costs. 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 Adviser's assessment of investments may prove incorrect, resulting in losses or poor performance. The Fund invests in other funds; therefore, the Fund is dependent upon the performance of the other funds and is subject to the risks, additional fees and expenses of the other funds. The use of quantitative investing techniques also involves risks. These and other risks are described in the prospectus.

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