Morningstar Fixed Income Style Box
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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:
- 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.
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William D. StoutenSenior Portfolio ManagerManaging this fund since 2003Mr. 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
| Thrivent Money Market Fund | |
|---|---|
| 3M | 1.23% |
| YTD | 4.29% |
| 1Y | 5.15% |
| 3Y | 3.42% |
| 5Y | 2.14% |
| 10Y | 1.37% |
| Thrivent Money Market Fund | |
|---|---|
| 3M | 1.30% |
| YTD | 3.89% |
| 1Y | 5.20% |
| 3Y | 3.28% |
| 5Y | 2.09% |
| 10Y | 1.33% |
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.
Yields
Growth of 10K
| Date | $∆ | %∆ | Total Market |
|---|---|---|---|
| 2024 | +1,456.79 | +14.57% | $11,456.79 |
| 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
| 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% |
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
Top 10 Holdings
| Security name | % of total assets | Maturity | Coupon rate |
|---|---|---|---|
| Goldman Sachs Financial Square Funds - Government Fund | 9.49% | ||
| Freddie Mac Discount Notes | 7.61% | 10/01/2024 | |
| Federal Home Loan Bank Discount Notes | 3.86% | 10/01/2024 | |
| Federal National Mortgage Association Discount Notes | 2.85% | 10/02/2024 | |
| U.S. Treasury Bills | 2.76% | 10/15/2024 | |
| Federal National Mortgage Association Discount Notes | 2.49% | 10/01/2024 | |
| Federal Home Loan Bank | 2.31% | 12/10/2024 | 4.91% |
| U.S. Treasury Bills | 1.68% | 10/29/2024 | |
| Federal Home Loan Bank | 1.55% | 11/29/2024 | 4.84% |
| Federal Home Loan Bank | 1.54% | 03/21/2025 | 4.93% |
Fund Diversification
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U.S. Government Agency Debt72.51%U.S. Treasury Debt18.91%U.S. Treasury Repurchase Agreement8.58%
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 10/31/2024Standard deviation Average annualized returns (without sales charge) Thrivent Money Market Fund 0.61 3.42 Standard deviation Average annualized returns (without sales charge) Thrivent Money Market Fund 0.65 2.14 Standard deviation Average annualized returns (without sales charge) Thrivent Money Market Fund 0.53 1.37
Distributions
as of 10/31/2024Dividends Month End Nav 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 August 2024 $0.0042 $1.00 September 2024 $0.0042 $1.00 October 2024 $0.0039 $1.00 Trailing 12-Months; Dividend Schedule: Declared Daily, Paid Monthly
Capital gains - trailing 12 months
as of 10/31/2024Record date Short term capital gains Long term capital gains Total - - - -
Expenses, fees, and charges
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 None Transaction Fee None Low Balance Fee $10 Semiannually 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.
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
Click here to view every form N-MFP the Fund files with the SEC.
Due to rounding, some values may not total 100%.