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Mutual Funds collapse row Thrivent Fixed Income Funds
Thrivent Money Market Fund —
Class S —
AALXX
AALXX
Thrivent Money Market Fund
Class
S A
Risk profile
The risk profile for this fund is Conservative

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
1.67%
1-year return
4.55%
7 day current yield
4.02%
As of 05/30/2025
Net annual fund operating expenses
0.33%
As of
Sales charge
None
As of
Thrivent Money Market Fund
Class
S
A
Mutual Funds collapse row Thrivent Fixed Income Funds

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 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 a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor is not required to reimburse the Fund for losses, and you should not expect that the sponsor will provide financial support to the Fund at any time, including during periods of market stress.

Average Annualized Returns

as of 05/30/2025
0.33% Total annual fund operating expenses
Thrivent Money Market Fund
3M 1.01%
YTD 1.67%
1Y 4.55%
3Y 4.26%
5Y 2.54%
10Y 1.68%
See data by:

Yields

as of 05/30/2025
7 Day Current
4.02%
7 Day Effective
4.10%
7 Day Current Before Reimbursement
4.02%
7 Day Effective Before Reimbursement
-

Growth of 10K

as of 05/30/2025
$11,808
Total market value
$1,808
Current value of reinvested dividends and capital gains

Calendar year performance

as of 05/30/2025

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 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 a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor is not required to reimburse the Fund for losses, and you should not expect that the sponsor will provide financial support to the Fund at any time, including during periods of market stress.

Holdings breakdown

as of 05/30/2025
Total number of holdings
192

Top 10 Holdings

as of 04/30/2025
17.45%
of all holdings
N/A
N/A
Security name % of total assets Maturity Coupon rate
Morgan Stanley Institutional Liquidity Funds - Government Portfolio 2.71% 4.23%
Federal Home Loan Bank Discount Notes 2.04% 05/23/2025
U.S. Treasury Bills 2.02% 08/05/2025
State Street Institutional U.S. Government Money Market Fund 1.88% 4.26%
U.S. Treasury Bills 1.66% 05/20/2025
U.S. Treasury Bills 1.52% 05/15/2025
U.S. Treasury Bills 1.51% 05/27/2025
U.S. Treasury Bills 1.41% 08/26/2025
U.S. Treasury Bills 1.37% 05/22/2025
Federal Home Loan Bank 1.33% 09/08/2025 4.34%

Fund Diversification

as of 03/31/2025
N/A
N/A
  • U.S. Government Agency Debt
    55.09%
  • U.S. Treasury Debt
    36.20%
  • U.S. Treasury Repurchase Agreement
    8.71%

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 05/30/2025
Standard deviation Average annualized returns
Thrivent Money Market Fund 0.36 4.26

Distributions

as of 05/30/2025
Dividends Month End Nav
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
November 2024 $0.0035 $1.00
December 2024 $0.0037 $1.00
January 2025 $0.0034 $1.00
February 2025 $0.0031 $1.00
March 2025 $0.0034 $1.00
April 2025 $0.0033 $1.00
May 2025 $0.0033 $1.00

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

Capital gains - trailing 12 months

as of 05/30/2025
Record date Short term capital gains Long term capital gains Total
- - - -

Expenses, fees, and charges

Management Fees and Other Expenses 0.33%
Distribution/12b-1 Fee None
Total Annual Fund Operating Expenses 0.33%
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 -
Proxy Voting Record -
Disclosure of Portfolio Holdings (05/30/2025) -
Disclosure of Portfolio Holdings (04/30/2025) -
Disclosure of Portfolio Holdings (03/31/2025) -
Disclosure of Portfolio Holdings (02/28/2025) -
Disclosure of Portfolio Holdings (01/31/2025) -
Disclosure of Portfolio Holdings (12/31/2024) -

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

Due to rounding, some values may not total 100%. Effective 2/28/2025, certain cash-designated holdings (e.g., futures) were reallocated to their asset classes due to a data source change.

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. 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. If the seller of a repurchase agreement defaults, the Fund may incur losses. These and other risks are described in the prospectus.

Asset Management
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