Thrivent Money Market Fund* (AALXX)
Class
Mutual Funds may offer different "classes" of shares. Classes indicate the type and number of fees or expenses an investor can expect to pay for shares in 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
While Class A share classes typically have front-end loads, this is a no-load share class for this fund. This share class is only available to existing Class A shareholders or through certain financial intermediaries.
Class
Mutual Funds may offer different "classes" of shares. Classes indicate the type and number of fees or expenses an investor can expect to pay for shares in 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
While Class A share classes typically have front-end loads, this is a no-load share class for this fund. This share class is only available to existing Class A shareholders or through certain financial intermediaries.
Fund Overview
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 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.
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. 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.
Risk Potential
Risk Potential
The potential for risk within the Thrivent Mutual Funds 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.
Risk Potential
The potential for risk within the Thrivent Mutual Funds 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.
Morningstar Fixed Income Style Box
Fund Highlights
Net Asset Value (NAV)
The NAV is the fund’s value or price per share. The NAV is calculated by dividing the market value of all the fund’s shares (minus its liabilities) by the number of issued shares.
Daily NAV Change
The daily NAV change is the difference between the fund’s current price per share and its price at the time of market close on the prior day.
Historical Market-Based NAV
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.
Returns
Returns are calculated on a calendar-year and year-to-date basis. 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.
Net Annual Fund Operating Expenses
This figure represents the total percentage of a mutual 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.
Sales Charges
The commission paid by an investor upon investment in a fund.
7 Day Current
The yield generated by an investment in the fund over a 7-day period ended on the date of the calculation and expressed as an annual percentage.
Note: The yield quotation more closely reflects the current earnings of the Thrivent Money Market Fund than the total return quotation
Net Asset Value (NAV)
The NAV is the fund’s value or price per share. The NAV is calculated by dividing the market value of all the fund’s shares (minus its liabilities) by the number of issued shares.
Daily NAV Change
The daily NAV change is the difference between the fund’s current price per share and its price at the time of market close on the prior day.
Historical Market-Based NAV
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.
Returns
Returns are calculated on a calendar-year and year-to-date basis. 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.
Net Annual Fund Operating Expenses
This figure represents the total percentage of a mutual 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.
Sales Charges
The commission paid by an investor upon investment in a fund.
7 Day Current
The yield generated by an investment in the fund over a 7-day period ended on the date of the calculation and expressed as an annual percentage.
Note: The yield quotation more closely reflects the current earnings of the Thrivent Money Market Fund than the total return quotation
({{date}})
(as of 01/29/2021)
Who Should Consider Investing?
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 110 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 over 83% have earned the Chartered Financial Analyst designation, an advanced degree, or both.
Looking at how this fund has performed over time, and comparing to appropriate benchmarks, can help you determine if it’s right for your needs.
Average Annualized Returns
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.
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.
Periods less than one year are not annualized.
| Thrivent Money Market Fund* | Lipper U.S. Government Money Market Funds Median 1 | ||
|---|---|---|---|
| 3 Month | 0.00% | 0.00% |   |
|
Lipper U.S. Government Money Market Funds Median
1
-
|
|||
| YTD | 0.00% | 0.00% | |
|
Lipper U.S. Government Money Market Funds Median
1
-
|
|||
| 1 Year | 0.20% | 0.14% | |
|
Lipper U.S. Government Money Market Funds Median
1
0.14%
|
|||
| 3 Year | 1.20% | 1.05% | |
|
Lipper U.S. Government Money Market Funds Median
1
1.05%
|
|||
| 5 Year | 0.82% | 0.70% | |
|
Lipper U.S. Government Money Market Funds Median
1
0.70%
|
|||
| 10 Year | 0.41% | 0.35% | |
|
Lipper U.S. Government Money Market Funds Median
1
0.35%
|
|||
| Thrivent Money Market Fund* | Lipper U.S. Government Money Market Funds Median 1 | ||
|---|---|---|---|
| 3 Month | 0.00% | 0.00% | |
|
Lipper U.S. Government Money Market Funds Median
1
-
|
|||
| YTD | 0.32% | 0.24% | |
|
Lipper U.S. Government Money Market Funds Median
1
0.24%
|
|||
| 1 Year | 0.32% | 0.24% | |
|
Lipper U.S. Government Money Market Funds Median
1
0.24%
|
|||
| 3 Year | 1.23% | 1.07% | |
|
Lipper U.S. Government Money Market Funds Median
1
1.07%
|
|||
| 5 Year | 0.82% | 0.70% | |
|
Lipper U.S. Government Money Market Funds Median
1
0.70%
|
|||
| 10 Year | 0.41% | 0.35% | |
|
Lipper U.S. Government Money Market Funds Median
1
0.35%
|
|||
Expenses
Annual Fund Operating Expenses
This figure represents the total percentage of a mutual 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 mutual 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.
Annual Fund Operating Expenses
This figure represents the total percentage of a mutual 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 mutual 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.
Calendar Year Performance
Calendar Year Performance
How this fund has performed over each calendar year. The annual total returns are calculated on a calendar-year basis, and include both capital appreciation and dividends. Periods of less than one year are not shown.
Calendar Year Performance
How this fund has performed over each calendar year. The annual total returns are calculated on a calendar-year basis, and include both capital appreciation and dividends. Periods of less than one year are not shown.
(as of 01/29/2021)
| Thrivent Money Market Fund* | Lipper U.S. Government Money Market Funds Median 1 | ||
|---|---|---|---|
| 2020 | 0.32% | 0.24% | |
|
2020Lipper U.S. Government Money Market Funds Median
0.24%
|
|||
| 2019 | 1.88% | 1.69% | |
|
2019Lipper U.S. Government Money Market Funds Median
1.69%
|
|||
| 2018 | 1.51% | 1.31% | |
|
2018Lipper U.S. Government Money Market Funds Median
1.31%
|
|||
| 2017 | 0.42% | 0.29% | |
|
2017Lipper U.S. Government Money Market Funds Median
0.29%
|
|||
| 2016 | 0.00% | 0.01% | |
|
2016Lipper U.S. Government Money Market Funds Median
0.01%
|
|||
| 2015 | 0.00% | 0.01% | |
|
2015Lipper U.S. Government Money Market Funds Median
0.01%
|
|||
| 2014 | 0.00% | 0.01% | |
|
2014Lipper U.S. Government Money Market Funds Median
0.01%
|
|||
| 2013 | 0.00% | 0.01% | |
|
2013Lipper U.S. Government Money Market Funds Median
0.01%
|
|||
| 2012 | 0.00% | 0.01% | |
|
2012Lipper U.S. Government Money Market Funds Median
0.01%
|
|||
| 2011 | 0.00% | 0.01% | |
|
2011Lipper U.S. Government Money Market Funds Median
0.01%
|
|||
The Advisor has contractually agreed, through at least February 28, 2021, to waive certain fees and/or reimburse certain expenses associated with the Fund. Refer to the expense table in the Fund's Prospectus. If this waiver had not been in effect, performance would have been lower.
1 Source: Lipper. The Lipper median represents the median annualized total return for all reported funds in the classification. Lipper medians do not include sales charges/fees. If included, returns would have been lower.
Information about the types of holdings in this mutual fund.
Holdings Breakdown
Total Number of Holdings
This is a tally of the number of different investment products that make up the fund’s portfolio.
Turnover Ratio (Last 12 Months)
This is the percentage of the fund’s holdings that have been traded out or replaced with other holdings over the year.
Total Number of Holdings
This is a tally of the number of different investment products that make up the fund’s portfolio.
Turnover Ratio (Last 12 Months)
This is the percentage of the fund’s holdings that have been traded out or replaced with other holdings over the year.
(as of 01/29/2021)
Top 10 Holdings
This is the Fund's top ten 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 investor. (Updated monthly with 30 day lag)
This is the Fund's top ten 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 investor. (Updated monthly with 30 day lag)
(as of 12/31/2020)
| Security | % of Portfolio | Coupon rate | Maturity date | |
|---|---|---|---|---|
| U.S. Treasury Bills | 2.61% | N/A | 01/28/2021 | |
|
U.S. Treasury Bills Coupon rate
N/A
U.S. Treasury Bills Maturity date
01/28/2021
|
||||
| U.S. Treasury Bills | 2.08% | N/A | 01/14/2021 | |
|
U.S. Treasury Bills Coupon rate
N/A
U.S. Treasury Bills Maturity date
01/14/2021
|
||||
| Federal Home Loan Bank Discount Notes | 2.08% | N/A | 01/08/2021 | |
|
Federal Home Loan Bank Discount Notes Coupon rate
N/A
Federal Home Loan Bank Discount Notes Maturity date
01/08/2021
|
||||
| U.S. Treasury Bills | 1.98% | N/A | 02/04/2021 | |
|
U.S. Treasury Bills Coupon rate
N/A
U.S. Treasury Bills Maturity date
02/04/2021
|
||||
| Federal Home Loan Bank | 1.82% | 0.11% | 08/04/2021 | |
|
Federal Home Loan Bank Coupon rate
0.11%
Federal Home Loan Bank Maturity date
08/04/2021
|
||||
| Federal Home Loan Bank Discount Notes | 1.65% | N/A | 01/13/2021 | |
|
Federal Home Loan Bank Discount Notes Coupon rate
N/A
Federal Home Loan Bank Discount Notes Maturity date
01/13/2021
|
||||
| Federal Farm Credit Bank | 1.58% | 0.10% | 05/28/2021 | |
|
Federal Farm Credit Bank Coupon rate
0.10%
Federal Farm Credit Bank Maturity date
05/28/2021
|
||||
| Federal Farm Credit Bank | 1.43% | 0.11% | 10/29/2021 | |
|
Federal Farm Credit Bank Coupon rate
0.11%
Federal Farm Credit Bank Maturity date
10/29/2021
|
||||
| Federal Home Loan Banks | 1.38% | 0.12% | 05/03/2021 | |
|
Federal Home Loan Banks Coupon rate
0.12%
Federal Home Loan Banks Maturity date
05/03/2021
|
||||
| Federal Farm Credit Banks Funding Corporation | 1.36% | 0.40% | 10/06/2021 | |
|
Federal Farm Credit Banks Funding Corporation Coupon rate
0.40%
Federal Farm Credit Banks Funding Corporation Maturity date
10/06/2021
|
||||
|
Federal Farm Credit Bank Coupon rate
0.14%
Federal Farm Credit Bank Maturity date
03/17/2021
|
||||
|
U.S. International Development Finance Corporation Coupon rate
N/A
U.S. International Development Finance Corporation Maturity date
01/26/2021
|
||||
|
Federal Farm Credit Banks Funding Corporation Coupon rate
0.13%
Federal Farm Credit Banks Funding Corporation Maturity date
12/16/2021
|
||||
|
U.S. International Development Finance Corporation Coupon rate
0.11%
U.S. International Development Finance Corporation Maturity date
03/15/2030
|
||||
|
Federal Home Loan Bank Coupon rate
0.10%
Federal Home Loan Bank Maturity date
02/25/2021
|
||||
Fund Diversification
This is the mix of areas in the market in which the fund contains holdings. (updated quarterly)
This is the mix of areas in the market in which the fund contains holdings. (updated quarterly)
(as of 12/31/2020)
-
US Government Agencies 87.2%
-
US Treasury Debt 9.4%
-
Government Collateralized Repurchase Agreements 3.4%
Portfolio Statistics
Percentage Invested in Daily/Weekly Liquid Assets
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.
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
The Fund’s 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 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.
Historical Market-Based NAV
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.
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.
- Date
- Daily Net Flows
- % Weekly Liquid Assets
- % Daily Liquid Assets
- Market-Based NAV
Volatility Measures
(as of 01/29/2021)
Depending on the fund inception date, some data may not be available.
|
Standard Deviation
Standard Deviation Standard Deviation |
Average Annualized Returns
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. 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. |
||
|---|---|---|---|
| Thrivent Money Market Fund* | 0.23 | 1.20 | |
|
Thrivent Money Market Fund* Average Annualized Returns
1.20
|
|||
|
Standard Deviation
Standard Deviation Standard Deviation |
Average Annualized Returns
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. 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. |
||
|---|---|---|---|
| Thrivent Money Market Fund* | 0.23 | 0.82 | |
|
Thrivent Money Market Fund* Average Annualized Returns
0.82
|
|||
|
Standard Deviation
Standard Deviation Standard Deviation |
Average Annualized Returns
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. 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. |
||
|---|---|---|---|
| Thrivent Money Market Fund* | 0.20 | 0.41 | |
|
Thrivent Money Market Fund* Average Annualized Returns
0.41
|
|||
Yields
7 Day Current
The yield generated by an investment in the 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 the 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 Yield Without Reimbursement is the yield without any fee reimbursements applied. This is a voluntary reimbursement and can be discontinued at any time.
7 Day Effective Before Reimbursement (If Applicable)
The 7-Day Yield Without Reimbursement is the yield without any fee reimbursements applied. This is a voluntary reimbursement and can be discontinued at any time.
Note: The yield quotation more closely reflects the current earnings of the Thrivent Money Market Fund than the total return quotation.
7 Day Current
The yield generated by an investment in the 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 the 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 Yield Without Reimbursement is the yield without any fee reimbursements applied. This is a voluntary reimbursement and can be discontinued at any time.
7 Day Effective Before Reimbursement (If Applicable)
The 7-Day Yield Without Reimbursement is the yield without any fee reimbursements applied. This is a voluntary reimbursement and can be discontinued at any time.
Note: The yield quotation more closely reflects the current earnings of the Thrivent Money Market Fund than the total return quotation.
(for periods ending as of 01/29/2021)
Dividend Distributions & Price History
(as of 01/29/2021)
Trailing 12-Months; Dividend Schedule: Declared Daily, Paid Monthly
| Dividends | Month End NAV | ||
|---|---|---|---|
| January 2021 | $0.0000 | $1.00 | |
|
|
|||
| $0.0020 (Total) | |||
| December 2020 | $0.0000 | $1.00 | |
|
|
|||
| $0.0020 (Total) | |||
| November 2020 | $0.0000 | $1.00 | |
|
|
|||
| $0.0020 (Total) | |||
| October 2020 | $0.0000 | $1.00 | |
|
|
|||
| $0.0020 (Total) | |||
| September 2020 | $0.0000 | $1.00 | |
|
|
|||
| $0.0020 (Total) | |||
| August 2020 | $0.0000 | $1.00 | |
|
|
|||
| $0.0020 (Total) | |||
| July 2020 | $0.0000 | $1.00 | |
|
|
|||
| $0.0020 (Total) | |||
| June 2020 | $0.0000 | $1.00 | |
|
|
|||
| $0.0020 (Total) | |||
| May 2020 | $0.0000 | $1.00 | |
|
|
|||
| $0.0020 (Total) | |||
| April 2020 | $0.0003 | $1.00 | |
|
|
|||
| $0.0020 (Total) | |||
| March 2020 | $0.0007 | $1.00 | |
|
|
|||
| $0.0020 (Total) | |||
| February 2020 | $0.0010 | $1.00 | |
|
|
|||
| $0.0020 (Total) | |||
Capital Gains - Trailing 12 Months
A capital gain is a profit that a mutual 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 the fund for one year or less.
Long-Term Capital Gain Distributions
Capital Gains paid on assets held by the fund for more than one year.
A capital gain is a profit that a mutual 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 the fund for one year or less.
Long-Term Capital Gain Distributions
Capital Gains paid on assets held by the fund for more than one year.
(as of 01/29/2021)
| Record Date | Short Term Capital Gains | Long Term Capital Gains | Total |
|---|---|---|---|
| - | - | - | - |
|
Record Date
-
Short Term Capital Gains
-
Long Term Capital Gains
-
Total
-
|
|||
Fees and Expenses
It’s important to understand investing costs because they can impact your net return. Here is a breakdown of applicable sales charges and annual operating expenses associated with this mutual fund. Other fees may apply for certain services or account types and are redeemed directly from your account. Examples include overnight delivery or wire fees and annual custodial fees on IRAs.
Annual Fund Operating Expenses
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 the 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 the 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 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.
Less Waiver (May not apply. See prospectus for more details)
Certain funds may be subject to an expense waiver, or the amount the fund's Adviser waives or assumes to keep the fund's expenses low.
Net Annual Fund Operating Expenses
This figure represents the total percentage of a mutual 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.
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 the 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 the 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 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.
Less Waiver (May not apply. See prospectus for more details)
Certain funds may be subject to an expense waiver, or the amount the fund's Adviser waives or assumes to keep the fund's expenses low.
Net Annual Fund Operating Expenses
This figure represents the total percentage of a mutual 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.
| Management Fees and Other Expenses | 0.50% |
| Distribution/12b-1 Fee | None |
| Total Annual Fund Operating Expenses | 0.50% |
| Less Waiver3 | (0.10%) |
| Net Annual Fund Operating Expenses | 0.40% |
Other Fund Fees
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.
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.
| Redemption Fee | None |
| Transaction Fee | None |
| Low Balance Fee4 | $10 semiannually |
Sales Charge
Front-End 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 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 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 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 Charge | None |
| Back-End Charge | None |
Minimum Investment
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 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 | $1,000 |
| Initial for retirement or tax deferred accounts | $1,000 |
| Additional Purchases | $100 |
Disclosure Of Portfolio Holdings
Click here to view every form N-MFP the Fund files with the SEC.
3 The Adviser has contractually agreed, through at least February 28, 2021, to waive fees and/or reimburse certain expenses associated with the Fund. Refer to the expense table in the Fund's prospectus or summary prospectus for details. If this waiver had not been in effect, performance would have been lower.
4 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.
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.