Thrivent Mutual Funds is part of Thrivent Financial and had more than $134 billion worth of assets under management as of December 2018. It serves at least 2 million customers and has more than 100 investment professionals.
Moreover, it has invested in 24 actively managed mutual funds across a wide range of categories including equity, income plus, asset allocation and fixed income funds. Thrivent Mutual Funds aims to offer simple and smart investing, and has a strong record of competitive performance.
Below we share with you four top-ranked Thrivent mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.
Thrivent Diversified Income Plus Fund Class S (THYFX – Free Report) aims to maximize income while maintaining prospects for capital growth. The fund invests the majority of its assets in debt securities and some of it in equity securities. The fund’s equity security investments include common stocks, preferred stocks, securities convertible into common stocks or securities or other instruments whose price is linked to the value of common stocks. THYFX has a three-year annualized return of 6.3%.
THYFX has an expense ratio of 0.78% compared with the category average of 0.80%.
Thrivent High Yield Fund Class A (LBHYX – Free Report) aims for high current income. The fund invests most of its assets in high-yield, high-risk bonds, notes, debentures and other debt obligations.LBHYX has a three-year annualized return of 6.2%.
As of February 2019, LBHYX held 288 issues with 1.60% of its assets invested in Sprint Corporation 7.62%.
Thrivent Large Cap Value Fund Class A (AAUTX – Free Report) seeks long-term capital growth. The fund invests the majority of its assets in equity securities of large companies. The fund’s advisor mainly considers the equity securities of large domestic and international companies which have market capitalizations equivalent to those included in widely known indices such as the S&P 500 Index, the MSCI USA Large Cap Index, or the large company market capitalization classifications published by Lipper, Inc AAUTX has a three-year annualized return of 11.9%.
Kurt J. Lauber is the fund manager of AAUTX since 2013.
Thrivent Income Fund Class S (LBIIX – Free Report) aims for high current income while preserving principal. The fund mostly invests in investment-grade corporate bonds, government bonds, asset-backed securities and mortgage-backed securities. The fund invests most of its assets in debt securities or preferred stock that is rated investment grade using the middle rating of Moody’s, S&P and Fitch LBIIX has a three-year annualized return of 3.7%.
LBIIX has an expense ratio of 0.45% compared with the category average of 0.84%.
To view the Zacks Rank and past performance of all diversified bond mutual funds, investors can click here to see the complete list of funds.
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