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Thrivent Money Market Fund —
Class S
AALXX
AALXX
Thrivent Money Market Fund
Class
Risk profile
Conservative Aggressive

Morningstar Fixed Income Style Box

Interest Rate Sensitivity:
N/A
Credit Quality:
N/A
 
Inception date
12/29/1997
As of
Net asset value
-
Daily NAV change
-
As of N/A
Historical market-based NAV
N/A
As of N/A
YTD return
0.86%
1-year return
5.01%
7 day current yield
5.05%
As of 02/29/2024
Net annual fund operating expenses
0.36%
As of
Sales charge
None
As of
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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 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.

  • 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

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

as of 02/29/2024
0.36% Total annual fund operating expenses
Thrivent Money Market Fund
3M 1.27%
YTD 0.86%
1Y 5.01%
3Y 2.29%
5Y 1.75%
10Y 1.10%
See data by:

Yields

as of 02/29/2024
7 Day Current
5.05%
7 Day Effective
5.18%
7 Day Current Before Reimbursement
5.05%
7 Day Effective Before Reimbursement
5.18%

Growth of 10K

as of 02/29/2024
$11,152
Total market value
$1,152
Current value of reinvested dividends and capital gains

Calendar year performance

as of 02/29/2024

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.

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 02/29/2024
Total number of holdings
140

Top 10 Holdings

as of 01/31/2024
34.88%
of all holdings
N/A
N/A
Security name % of total assets Maturity Coupon rate
U.S. Treasury Bills 5.78% 02/13/2024
U.S. Treasury Bills 5.53% 02/27/2024
U.S. Treasury Bills 4.49% 03/05/2024
U.S. Treasury Bills 4.20% 02/20/2024
U.S. Treasury Bills 3.60% 03/19/2024
U.S. Treasury Bills 2.82% 03/26/2024
U.S. Treasury Bills 2.81% 03/12/2024
Federal Home Loan Bank 1.89% 08/27/2024 5.33%
U.S. Treasury Bills 1.88% 03/07/2024
U.S. Treasury Bills 1.88% 02/22/2024

Fund Diversification

as of 12/29/2023
N/A
N/A
  • U.S. Government Agency Debt
    64.86%
  • U.S. Treasury Debt
    28.55%
  • U.S. Treasury Repurchase Agreement
    6.60%

Portfolio Statistics

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 02/29/2024
Standard deviation Average annualized returns
Thrivent Money Market Fund 0.65 2.29

Distributions

as of 02/29/2024
Dividends Month End Nav
March 2023 $0.0037 $1.00
April 2023 $0.0035 $1.00
May 2023 $0.0042 $1.00
June 2023 $0.0040 $1.00
July 2023 $0.0041 $1.00
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

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


Capital gains - trailing 12 months

as of 02/29/2024
Record date Short term capital gains Long term capital gains Total
- - - -

Expenses, fees, and charges

Management Fees and Other Expenses 0.36%
Distribution/12b-1 Fee None
Total Annual Fund Operating Expenses 0.36%
Redemption Fee None
Transaction Fee None
Low Balance Fee $10 Semiannually
Front-End Sales Charge None
Back-End Sales Charge None

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 -
Annual Proxy Voting -
Disclosure of Portfolio Holdings (02/29/2024) -
Disclosure of Portfolio Holdings (01/31/2024) -
Disclosure of Portfolio Holdings (12/29/2023) -
Disclosure of Portfolio Holdings (11/30/2023) -
Disclosure of Portfolio Holdings (10/31/2023) -
Disclosure of Portfolio Holdings (09/29/2023) -

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. 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 U.S. government securities, cash and repurchase agreements collateralized fully by government securities or cash.  Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so and you could lose money. 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. U.S. government securities may not be fully guaranteed by the U.S government and issues may not have the funds to meet their payment obligations. The value of U.S. government securities may be affected by changes in credit ratings, which may be negatively impacted by rising national debt. 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 Adviser’s assessment of investments may prove incorrect, resulting in losses or poor performance. The Fund’s value is influenced by the performance of the broader market. If the seller of a repurchase agreement defaults, the Fund may incur losses. These and other risks are described in the prospectus.

Asset Management for Financial Professionals


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