Class
Mutual funds may offer different "classes" of shares. Classes indicate the type and number of fees or expenses a shareholder can expect to pay for shares of a fund.
Class S
No-load share class with no sales charges or 12b-1 fees. Prior to February 1, 2016, Class S shares were named Class I (Institutional) shares.
Class A
Front-end load share class, but this is a no-load share class for this fund. This share class is not available through thriventfunds.com but shareholders may be eligible to purchase these shares through a financial professional.
Risk Profile
The risk profile within the Thrivent products has been categorized into five levels: Conservative, Moderately Conservative, Moderate, Moderately Aggressive, and Aggressive, ranging from lower risk potential to higher risk potential. Funds on the lower risk portion of the scale (Conservative, Moderately Conservative) are expected to have a lower degree of volatility and price fluctuations while those on the higher risk portion of the scale (Aggressive, Moderately Aggressive) are expected to have a higher degree of volatility and price fluctuations.
Net Asset Value (NAV)
The NAV is a fund’s value or price per share. The NAV is calculated by dividing the market value of all a fund’s shares (minus its liabilities) by the number of issued shares.
Daily NAV Change
The daily NAV change is the difference between a fund’s current price per share and its price at the time of market close on the prior day.
Historical Market-Based NAV
A fund’s net asset value per share calculated based on current market factors before applying the amortized cost or penny-rounding method, rounded to the fourth decimal place. Values may vary by share class.
Returns
Returns are calculated on a year-to-date and trailing 12-month basis. These returns, also known as trailing returns, illustrate a fund's performance over a specific time period, including capital appreciation as well as reinvested dividends and capital gains distributions.
7 Day Current Yield
The yield generated by an investment in a fund over a 7-day period ended on the date of the calculation and expressed as an annual percentage. The yield quotation more closely reflects the current earnings of Thrivent Money Market Fund than the total return quotation
Net Annual Fund Operating Expenses
This figure represents the total percentage of a mutual fund’s assets used to maintain a fund, including operating expenses and management fees. It’s calculated by dividing a fund’s annual net operating expenses by the average dollar value of its assets, and includes the impact of any fee waivers or expense reimbursements that may have been in effect during the time period.
Sales Charges
The commission paid by an investor upon investment in a fund.
Net Asset Value (NAV)
The NAV is a fund’s value or price per share. The NAV is calculated by dividing the market value of all a fund’s shares (minus its liabilities) by the number of issued shares.
Daily NAV Change
The daily NAV change is the difference between a fund’s current price per share and its price at the time of market close on the prior day.
Historical Market-Based NAV
A fund’s net asset value per share calculated based on current market factors before applying the amortized cost or penny-rounding method, rounded to the fourth decimal place. Values may vary by share class.
Returns
Returns are calculated on a year-to-date and trailing 12-month basis. These returns, also known as trailing returns, illustrate a fund's performance over a specific time period, including capital appreciation as well as reinvested dividends and capital gains distributions.
7 Day Current Yield
The yield generated by an investment in a fund over a 7-day period ended on the date of the calculation and expressed as an annual percentage. The yield quotation more closely reflects the current earnings of Thrivent Money Market Fund than the total return quotation
Net Annual Fund Operating Expenses
This figure represents the total percentage of a mutual fund’s assets used to maintain a fund, including operating expenses and management fees. It’s calculated by dividing a fund’s annual net operating expenses by the average dollar value of its assets, and includes the impact of any fee waivers or expense reimbursements that may have been in effect during the time period.
Sales Charges
The commission paid by an investor upon investment in a fund.
A guide to help your clients navigate the market
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:
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.
Mr. Stouten joined Thrivent in 2001. He was a research analyst and trader for the Thrivent money market funds since 2001. Read more.
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.
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
These returns, also known as trailing returns, illustrate fund performance over a specific time period, including capital appreciation as well as reinvested dividends and capital gains distributions.
All returns greater than one year are annualized; returns for periods of less than one year are not annualized.
Annual Fund Operating Expenses
This figure represents the total percentage of a fund’s assets used to maintain the fund, including operating expenses and management fees. It does not include the impact of any fee waivers or expense reimbursements that may have been in effect during the time period. It’s calculated by dividing the fund’s annual operating expenses by the average dollar value of its assets.
Net Annual Fund Operating Expenses (if applicable)
This figure represents the total percentage of a fund’s assets used to maintain the fund, including operating expenses and management fees. It’s calculated by dividing the fund’s annual net operating expenses by the average dollar value of its assets, and includes the impact of any fee waivers or expense reimbursements that may have been in effect during the time period.
Thrivent Money Market Fund | |
---|---|
3M | 1.29% |
YTD | 3.03% |
1Y | 5.19% |
3Y | 3.00% |
5Y | 1.98% |
10Y | 1.25% |
Thrivent Money Market Fund | |
---|---|
3M | 1.29% |
YTD | 2.56% |
1Y | 5.14% |
3Y | 2.84% |
5Y | 1.92% |
10Y | 1.20% |
For the Thrivent Money Market Class A Fund, the Adviser has contractually agreed, for a period of one year from the date of the most recent prospectus, to waive certain fees associated with the Fund. However, this may be terminated before the indicated termination date upon the mutual agreement between the Trustees of the Fund and the Adviser. If not waived, returns would have been lower. Refer to the Fees & Expenses table in the prospectus.
7-Day Current
The yield generated by an investment in a fund over a 7-day period ended on the date of the calculation and expressed as an annual percentage.
7-Day Effective
Similar to the 7-day current, except that the effective yield assumes that income earned from a fund's investments is reinvested and generating additional income. It’s expressed as an annual percentage.
7-Day Current Before Reimbursement (if applicable)
The 7-day current yield before reimbursement is the yield without any fee reimbursements applied.
7-Day Effective Before Reimbursement (if applicable)
The 7-day effective yield before reimbursement is the yield without any fee reimbursements applied.
Note: The yield quotation more closely reflects the current earnings of Thrivent Money Market Fund than the total return quotation.
Growth of $10,000
A fund’s performance over the past 10 years or since a fund’s inception (if less than 10 years), based on how an initial $10,000 investment would have changed over time. Performance shown assumes the reinvest of all dividends and capital gains. Performance of other share classes will vary from the results shown based on differences in sales charges and expenses.
Date | $∆ | %∆ | Total Market |
---|---|---|---|
2024 | +1,317.89 | +13.18% | $11,317.89 |
2023 | +985.24 | +9.85% | $10,985.24 |
2022 | +482.13 | +4.82% | $10,482.13 |
2021 | +358.71 | +3.59% | $10,358.71 |
2020 | +358.71 | +3.59% | $10,358.71 |
2019 | +328.97 | +3.29% | $10,328.97 |
2018 | +146.74 | +1.47% | $10,146.74 |
2017 | +9.98 | +0.10% | $10,009.98 |
2016 | +0.00 | +0.00% | $10,000.00 |
2015 | +0.00 | +0.00% | $10,000.00 |
2014 | +0.00 | +0.00% | $10,000.00 |
Calendar Year Performance
A fund’s performance over the previous calendar years. The annual total returns are calculated on a calendar-year basis and include both capital appreciation and dividends but do not include any sales charges paid. Periods of less than one year are not shown.
Date | Thrivent Money Market Fund |
---|---|
2023 | 4.80% |
2022 | 1.19% |
2021 | 0.00% |
2020 | 0.29% |
2019 | 1.80% |
2018 | 1.37% |
2017 | 0.10% |
2016 | 0.00% |
2015 | 0.00% |
2014 | 0.00% |
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.
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.
Total Number of Holdings
The number of different investment products that make up a fund’s portfolio.
Top 10 Holdings
A fund’s top 10 holdings by percentage of the total assets. The coupon rate is the yield paid by a fixed income security. The maturity date is when the principal of the security is due and payable to the shareholder. (Updated monthly with 30-day lag)
Security name | % of total assets | Maturity |
---|---|---|
U.S. Treasury Bills | 3.21% | 07/25/2024 |
U.S. Treasury Bills | 3.05% | 08/27/2024 |
U.S. Treasury Bills | 3.05% | 08/13/2024 |
U.S. Treasury Bills | 2.87% | 09/24/2024 |
U.S. Treasury Bills | 2.61% | 07/30/2024 |
U.S. Treasury Bills | 2.57% | 08/20/2024 |
U.S. Treasury Bills | 2.57% | 09/12/2024 |
U.S. Treasury Bills | 2.45% | 09/10/2024 |
U.S. Treasury Bills | 2.41% | 07/02/2024 |
Federal Home Loan Bank Discount Notes | 2.40% | 09/11/2024 |
Fund Diversification
The market sector breakdown by percentage that makes up a fund’s portfolio. (Updated quarterly)
The percentage of the money market fund’s total assets invested in daily liquid and weekly liquid assets, shown for each business day.
Daily liquid assets include cash; direct obligations of the U.S. Government; securities that will mature or are subject to a demand feature that is exercisable and payable within one business day; and amounts receivable and due unconditionally within one business day pending sales of portfolio securities.
Weekly liquid assets include cash; direct obligations of the U.S. Government; Government securities issued by a person controlled or supervised by and acting as an instrumentality of the Government of the United States pursuant to authority granted by the Congress of the United States, that are issued at a discount to the principal amount to be repaid at maturity without the provision for the payment of interest and mature within 60 days; securities that will mature or are subject to a demand feature that is exercisable and payable within five business days; and amounts receivable and due unconditionally within five business days on pending sales of portfolio securities.
Daily net flows represent the sum of the Fund’s daily purchases and redemptions for a given business day, including exchanges into or out of the Fund and any reinvestment of dividends, if applicable. Values may vary by share class.
The Fund’s net asset value per share calculated based on current market factors before applying the amortized cost or penny-rounding method, rounded to the fourth decimal place. Values may vary by share class.
To obtain the most recent 12 months of publicly available information filed by the Fund visit Company Filings at https://www.sec.gov.
Standard Deviation
Measures risk by showing how much a fund fluctuates relative to its average return over a period of time.
Average Annualized Returns
These returns, also known as trailing returns, illustrate the average annual fund performance over a specific time period, including capital appreciation as well as reinvested dividend and capital gain distributions.
Standard deviation | Average annualized returns (without sales charge) | |
---|---|---|
Thrivent Money Market Fund | 0.65 | 3.00 |
Standard deviation | Average annualized returns (without sales charge) | |
---|---|---|
Thrivent Money Market Fund | 0.63 | 1.98 |
Standard deviation | Average annualized returns (without sales charge) | |
---|---|---|
Thrivent Money Market Fund | 0.51 | 1.25 |
Dividends | Month End Nav | |
---|---|---|
August 2023 | $0.0043 | $1.00 |
September 2023 | $0.0040 | $1.00 |
October 2023 | $0.0044 | $1.00 |
November 2023 | $0.0042 | $1.00 |
December 2023 | $0.0040 | $1.00 |
January 2024 | $0.0046 | $1.00 |
February 2024 | $0.0040 | $1.00 |
March 2024 | $0.0039 | $1.00 |
April 2024 | $0.0046 | $1.00 |
May 2024 | $0.0043 | $1.00 |
June 2024 | $0.0039 | $1.00 |
July 2024 | $0.0046 | $1.00 |
Trailing 12-Months; Dividend Schedule: Declared Daily, Paid Monthly
A capital gain is a profit that a fund realizes by selling securities for a price higher than at which they were purchased.
Short-Term Capital Gain Distributions
Capital gains paid on assets held by a fund for one year or less.
Long-Term Capital Gain Distributions
Capital gains paid on assets held by a fund for more than one year.
Record date | Short term capital gains | Long term capital gains | Total |
---|---|---|---|
- | - | - | - |
Management Fees and Other Expenses
This figure represents the total percentage of a mutual fund's assets paid to the investment adviser for portfolio management and investment services (the "management fee"), "Acquired Fund Fees and Expenses" (if a fund invests in other mutual funds or investments with management fees), plus "Other Expenses" such as custodial, transfer agency, legal, accounting and administrative fees that are required to operate a fund. For more information, please see the prospectus or Statement of Additional Information.
Distribution/12b-1 Fee (May not apply. See prospectus for more details)
This is an annual marketing or distribution fee on a mutual fund. This is an operational expense, so it’s included in a fund's expense ratio.
Total Annual Fund Operating Expenses
This figure represents the total percentage of a mutual fund’s assets used to maintain a fund, including operating expenses and management fees. It does not include the impact of any fee waivers or expense reimbursements that may have been in effect during the time period. It’s calculated by dividing a fund’s annual operating expenses by the average dollar value of its assets.
Less Waiver (May not apply. See prospectus for more details)
Certain funds may be subject to an expense waiver, or the amount a fund's Adviser waives or assumes to keep a fund's expenses low.
Net Annual Fund Operating Expenses
This figure represents the total percentage of a mutual fund’s assets used to maintain a fund, including operating expenses and management fees. It’s calculated by dividing a fund’s annual net operating expenses by the average dollar value of its assets, and includes the impact of any fee waivers or expense reimbursements that may have been in effect during the time period.
Management Fees and Other Expenses | 0.43% |
Distribution/12b-1 Fee | None |
Total Annual Fund Operating Expenses | 0.43% |
Less Waiver | (0.05%) |
Net Annual Fund Operating Expenses | 0.38% |
Redemption Fee
A fee charged for withdrawing money from a mutual fund. These fees are usually used to discourage shareholders from making too many sales in a short period of time.
Transaction Fee
A fee charged by a broker or other intermediary for assistance in purchasing or selling shares of a fund.
Low Balance Fee
A fee charged to offset expenses incurred when maintaining low balance accounts.
Due to the high cost to shareholders of maintaining accounts with low balances, the transfer agent may, by redeeming shares, charge a semiannual fee of $10 if the value of shares in the account falls to an amount below the fund minimum. See the Prospectus for more details.
Redemption Fee | None |
Transaction Fee | None |
Low Balance Fee | $10 Semiannually |
Front-End Sales Charge
The sales charge applied at the time of an initial purchase of mutual fund shares. The charge is deducted from the amount being invested, so a front-end load lowers the size of the investment.
Back-End Sales Charge
The fee paid when selling shares in a mutual fund within a set number of years, often five to 10 years. The fee amounts to a percentage of the value of the share being sold. The fee percentage is highest in the first year and decreases yearly until the specified holding period ends, at which time it drops to zero.
Front-End Sales Charge | None |
Back-End Sales Charge | None |
For the Thrivent Money Market Class A Fund, the Adviser has contractually agreed, for a period of one year from the date of the most recent prospectus, to waive certain fees associated with the Fund. However, this may be terminated before the indicated termination date upon the mutual agreement between the Trustees of the Fund and the Adviser. If not waived, returns would have been lower. Refer to the Fees & Expenses table in the prospectus.
Initial Minimum Investments
The minimum amount of money needed to first invest in a mutual fund.
Additional Purchases Amount
After the initial minimum investment has been made, ongoing purchases of shares can happen at a much lower amount.
Recurring Investments
This indicates the smallest amount with which you may enter a fund’s automatic recurring plan. You can arrange for the fund to receive money from your checking account on a monthly, quarterly, semiannual, or annual basis.
Initial for non-retirement accounts | $2,000 |
Initial for retirement or tax deferred accounts | $1,000 |
Additional Purchases | $50 |
Click here to view every form N-MFP the Fund files with the SEC.
Due to rounding, some values may not total 100%.