Being part of Thrivent Financial, Thrivent Mutual Funds had $136 billion worth of assets under management as of Dec 31, 2017. It has invested in 23 mutual funds across a wide range of categories including equity, income plus, asset allocation and fixed income funds. Also, it serves more than two million customers and has at least 100 investment professionals. Thrivent Mutual Funds aims to offer simple and smart investing and has a strong competitive record. This lesser-known fund family also won the 2015 Lipper Award in the Best Overall Small Fund Family and Best Mixed-Assets Small Fund Family categories.
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.
Thrivent Income A (LUBIX – Free Report) seeks a high level of income and growth of capital for the long run. LUBIX invests more than 65% of its assets in investment-grade preferred stocks and debt securities. The fund invests generally in asset-backed securities, corporate bonds, mortgage-backed securities and government bonds. Thrivent Income A has returned 2.1% in the last three years.
As of January 2018, LUBIX held 613 issues with 2.57% of its assets invested in United States Treasury Bonds 2.75% PIDI BDS 15/11/2047 USD (BONDS 11/47).
Thrivent High Yield A (LBHYX – Free Report) invests the majority of its assets in high-risk, high-yield bonds and other debt securities. LBHYX seeks growth of capital and income. The fund invests mainly in “junk bonds.” Thrivent High Yield A has three-year annualized returns of 3.9%.
LBHYX has an expense ratio of 0.80% compared with the category average of 1.04%.
Thrivent Aggressive Allocation Fund Class S (TAAIX – Free Report) seeks appreciation of capital for the long run. TAAIX invests at least three-fourths of its assets in equity securities, and up to one-fourth of its assets in debt securities. Thrivent Aggressive Allocation Fund Class S has three-year annualized returns of 8.9%.