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Thrivent Money Market Fund —
Class A
AMMXX
AMMXX
Thrivent Money Market Fund
Class
S
A
Risk profile
Conservative Aggressive

Morningstar Fixed Income Style Box

Interest Rate Sensitivity:
N/A
Credit Quality:
N/A
 
Inception date
3/10/1988
As of
Net asset value
N/A
Daily NAV change
$N/A
As of N/A
Historical market-based NAV
N/A
As of N/A
YTD return with sales charge
0.00%
1-year return with sales charge
0.00%
7 day current yield
0.00%
As of 08/31/2021
Net annual fund operating expenses
0.46%
As of
Max sales charge
None
As of

Thrivent Money Market Fund seeks a high level of current income, while maintaining liquidity and a constant net asset value of $1.00 per share.

This fund is managed as a government money market fund according to rules established by the Securities and Exchange Commission (SEC) that are designed so that the Fund may maintain a stable, $1.00 share price. Those rules generally require the Fund to invest only in high quality securities that are denominated in U.S. dollars and have short remaining maturities. The Fund is also required to maintain a dollar-weighted average maturity of not more than 60 days and a dollar-weighted average life of not more than 120 days.

The Fund may be suitable for investors who:

  • Seek income with stability of principal and liquidity
  • Have a short-term investment time horizon and a conservative risk tolerance
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.

  • William D. Stouten
    William D. Stouten
    Senior Portfolio Manager
    Managing this fund since 2003

    Mr. Stouten joined Thrivent in 2001. He was a research analyst and trader for the Thrivent money market funds since 2001. 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.

You could lose money by investing in the Thrivent Money Market Fund. Although the Thrivent Money Market Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Thrivent Money Market Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Thrivent Money Market Fund’s sponsor has no legal obligation to provide financial support to the Thrivent Money Market Fund, and you should not expect that the sponsor will provide financial support to the Thrivent Money Market Fund at any time.


Average Annualized Returns

as of 08/31/2021
0.46% Net annual fund operating expenses
0.61% Total annual fund operating expenses
See data by:

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. Refer to the Fees & Expenses table in the Fund’s prospectus. If this waiver had not been in effect, performance would have been lower.


Yields

as of 08/31/2021
7 Day Current
0.00%
7 Day Effective
0.00%
7 Day Current Before Reimbursement
-0.54%
7 Day Effective Before Reimbursement
-0.54%

Growth of 10K

as of 08/31/2021
Data in this section is based on month-end
$10,358
Total market value
(assumes the reinvestment of all dividends and capital gains)
$358
Current value of reinvested dividends and capital gains

Calendar year performance

as of 08/31/2021

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.

You could lose money by investing in the Thrivent Money Market Fund. Although the Thrivent Money Market Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Thrivent Money Market Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Thrivent Money Market Fund’s sponsor has no legal obligation to provide financial support to the Thrivent Money Market Fund, and you should not expect that the sponsor will provide financial support to the Thrivent Money Market Fund at any time.


Holdings breakdown

as of 08/31/2021
Total number of holdings
100

Top 10 Holdings

as of 07/30/2021
31.14%
of all holdings
N/A
N/A
Security name % of total assets Maturity Coupon rate
Federal Home Loan Bank 5.65% 08/04/2021 0.07%
Federal Agricultural Mortgage Corporation 4.91% 01/25/2022 0.03%
Federal Agricultural Mortgage Corporation 3.08% 02/18/2022 0.02%
Federal Farm Credit Bank 3.01% 11/18/2021 0.18%
U.S. Treasury Bills 2.84% 08/05/2021
U.S. Treasury Bills 2.84% 08/17/2021
Federal Home Loan Bank 2.56% 08/24/2021 0.07%
Federal Farm Credit Bank 2.40% 10/18/2021 0.09%
Federal Agricultural Mortgage Corporation 2.11% 08/13/2021 0.03%
Federal Home Loan Bank Discount Notes 1.74% 08/20/2021

Fund Diversification

as of 06/30/2021
N/A
N/A
  • U.S. Government Agency Debt
    84.43%
  • U.S. Treasury Debt
    9.35%
  • U.S. Treasury Repurchase Agreement
    6.22%

Portfolio Statistics

N/A
Percentage Invested in Daily/Weekly Liquid Assets
Daily Net Flows
Historical Market-Based NAV
Download previous six months data (CSV)

To obtain the most recent 12 months of publicly available information filed by the fund visit Company Filings at https://www.sec.gov.


Volatility

as of 08/31/2021
Depending on the fund inception date, some data may not be available.
Standard deviation Average annualized returns (without sales charge)
Thrivent Money Market Fund 0.25 0.88

Distributions

as of 08/31/2021
Dividends Month End Nav Month End Pop
September 2020 $0.0000 $1.00 $1.00
October 2020 $0.0000 $1.00 $1.00
November 2020 $0.0000 $1.00 $1.00
December 2020 $0.0000 $1.00 $1.00
January 2021 $0.0000 $1.00 $1.00
February 2021 $0.0000 $1.00 $1.00
March 2021 $0.0000 $1.00 $1.00
April 2021 $0.0000 $1.00 $1.00
May 2021 $0.0000 $1.00 $1.00
June 2021 $0.0000 $1.00 $1.00
July 2021 $0.0000 $1.00 $1.00
August 2021 $0.0000 $1.00 $1.00

Trailing 12-Months; Dividend Schedule: Declared Daily, Paid Monthly


Capital gains - trailing 12 months

as of 08/31/2021
Record date Short term capital gains Long term capital gains Total
- - - -

Expenses, fees, and charges

Management Fees and Other Expenses 0.61%
Distribution/12b-1 Fee None
Total Annual Fund Operating Expenses 0.61%
Less Waiver (0.15%)
Net Annual Fund Operating Expenses 0.46%
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 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. Refer to the Fees & Expenses table in the Fund’s prospectus. If this waiver had not been in effect, performance would have been lower.


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 -
Annual Proxy Voting -
Disclosure of Portfolio Holdings (08/31/2021) -
Disclosure of Portfolio Holdings (07/30/2021) -
Disclosure of Portfolio Holdings (06/30/2021) -
Disclosure of Portfolio Holdings (05/28/2021) -
Disclosure of Portfolio Holdings (04/30/2021) -
Disclosure of Portfolio Holdings (03/31/2021) -

Click here to view every form N-MFP the Fund files with the SEC.


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

Strategy

The portfolio management team seeks to produce current income while maintaining liquidity by investing at least 99.5% of its total assets in U.S. government securities, cash and repurchase agreements collateralized fully by government securities or cash. The Advisor invests in securities by selecting from the available supply of short-term government securities based on its interest rate outlook and analysis of quantitative and technical factors. Although the Fund frequently holds securities until maturity, the Advisor may sell securities to increase liquidity.

Risk

The Fund invests at least 99.5% of its assets in government securities, cash and repurchase agreements collateralized fully by government securities or cash. You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund sponsor has no legal obligation to provide financial support to the Fund and you should not expect that the sponsor will provide financial support to the Fund at any time. The value of U.S. government securities may be affected by changes in the credit rating of the U.S. government and may not be fully guaranteed by the U.S. government. If the seller of a repurchase agreement defaults, the Fund may incur losses. 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. A weak economy, strong equity markets, or changes to the Federal Reserve’s monetary policies may cause short-term interest rates to increase and affect the Fund’s ability to maintain a stable share price. 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. In unusual circumstances, the Fund could experience a loss when selling portfolio securities to meet redemption requests for a variety of reasons. These and other risks are described in the prospectus.