Thrivent Mutual Funds is part of Thrivent Financial and had more than $116 billion worth of assets under management as of December 2016. It serves at least 2 million customers and has more than 100 investment professionals. Moreover, it has invested in 23 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 three 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 Thrivent funds.
Thrivent Partner Worldwide Allocation S TWAIX seeks growth of capital for the long run. TWAIX invests mainly in debt and equity securities of companies all over the world. The fund invests in both developed and emerging countries, by allocating its assets in a wide variety of asset classes. Thrivent Partner Worldwide Allocation S has one-year annualized returns of 25.1%.
As of October 2017, TWAIX held 1126 issues, with 2.05% of its assets invested in HSBC Holdings (LON:HSBA) PLC.
Thrivent Limited Maturity Bond Fund Class S THLIX invests the lion’s share of its assets in debt securities or preferred stocks that are rated "BBB" or higher by the S&P or rated "Baa" or more by Moody’s. THLIX seeks growth of income along with stability of principal. Thrivent Limited Maturity Bond Fund Class S has one-year annualized returns of 2.2%.
THLIX has an expense ratio of 0.42% compared with the category average of 0.76%.
Thrivent High Yield S LBHIX seeks maximization of income and growth of capital for the long run. LBHIX invests a large chunk of its assets in high risk debt obligations, including bonds and notes, which offer high yields. These kinds of high-yield bonds are known as junk bonds. Thrivent High Yield Shas one-year annualized returns of 7.1%.
Paul Ocenasek is the fund manager of LBHIX since 1997.
To view the Zacks Rank and past performance of all Thrivent mutual funds, investors can click here to see the complete list of Thrivent funds.
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Zacks Investment Research